Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-25
INB[AI N another
Downward PLUNGE.
COMO BELOW MEDNEs-
DAYS FIGURES.
CABLES CONTINUE WEAK
aaaARAEsERERoRTs SUPERB
Corn Suffers on Account of Weakness
in Sistsr Csreal-Farmers Said to
Be Feeding Wheat 10 Stook-Storm
Dasnase Reports Steady oats-Sas
in Provisions.


downward again today, breaking thru
Yesterdays low level, which was under
any previous record in eight years.
Receiving houses and spectators were
on the selling side and there seemed
to be general demand except at de-
cline. Cables were weak and harvest
reports superb. The opening, which
ranged from u off to Is and a up was
followed by a sharp break all around.
Later decided rally took place ow-
ing to the country to some extent hav-
ing stopped selling. 1t was said also
that the saturation point had been
reached in the spring crop states The
close was firm, Is to "A and Is cent
above last night.
-dffi7HfUl. .2CashGrainP Pr nd m
Corn.
Corn suffered on account Of the
weakness of wheat. There were reorts
showing that wheat was being used
extensively as feed and was curtailing
the demand for the coarser grain.
After opening a shade to 4 and 50
lower, the market continued to recede
Lowest offers from Argentina this
season increased the heaviness of the
market and so also did St. Louis re-
ports of rains breaking the droutn
Closing prices We're steady, u and IS
to Is and l cent net lower.
Oats.
Storm damage reorts relatively
steady. Nevertheless prices displayed
some sympathy with the decline in
other grain.
Provisions.
Provisions .sagged, influenced by the
depression in the neighboring puts A
little firmness early, due TO scantiness
of hog receipts was only Of tenn
porary character.
Daily Grain Letter.
From Lameon Bros. & Co., 203 Ma
sonic Temple. Phone 1881
Chicago, June 2s.-Wheat-A sharp
break early was met by good buying
10th by shorts and commission houses.
There was some complaint OF too much
rain in the northwest and this. with
possibility Of rain where harvesting
and threshing are now in progress,
caused conservative traders to go
slowly on the selling side. After an
advance Of about cent from the low
markets and the prospect of a heavy
run next week brought about a mod
crate reaction. Export sales were said
to have been heavy and charters were
made for 100 900 bushels to Montreal
at 1s cent advance in freight rates.
Sentiment is less bearish than for some
time.
Corn-Selling pressure from local
traders was heavy. largely on the the
DRY that corn had not broken in any
thing like the proportion that wheat
had declined and on pressure of Ar
gentina corn a the seaboard for de-
ferred shipment. Stop-loss orders
were encountered and general liquida-
ton of July and September contracts
resulted. Prices for the nearby de-
Iveries are a cent lower, but continued
complaints of dry weather from certain
sections of the corn belt steadied De-
cember, which broke only 4 to 81.
Eastern demand for corn was again
reported good and sales were equal to
those Of the last few days While
white corn was strong in the spot mar
ket yellow followed the break in
futures.
oats-Wcalness in corn and free;
offerings Of new crop gave a weaker
tone to oats. The general opinion pre-
walls that present prospects do not in
dictate a record crop.
Observation-Disclosures We're strons
early on buying Of ribs thought to be
influenced by a better cash business
Profit taking in the July delivery anC
pressure from stockyards traders.