Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-05-07

chicago, May F~Au'cIeS ~oo'~SA
conditions in the northwest. threaten
ing to delay still further the progress
of seeding, carried the wheat market
today up grade. The fact that large
consignment Of wheat unloading here
from Duluth was turning out 70 be
quality not deliverable on Chicago
contracts formed an additional help to
the bulls The opening was shade to
l@A higher and continued to ad-
vance.
European buying of futures here and
a good export demand at New York fer
nearby shipments had a strengthening
effect but fear tf Il beariah '-tp report
from Washington hindere1 an advance.
The close was easy. shade OF &c
like advance compared with last n'sat.
Corn.
S1arkress Of cash demand weakened
corn. Later some reaction took place.
Later the market sagged again as
late reports said the weather, in Ar
gentina, had cleared. The close was
W eak, "a to a ana q net lower.
Oats.
Oats held steady Offerings were
only LlOOSEdle.
Provisions.
With the exception of May pork
provisions ruled firm. The chief intiu-
ence was q rise in the price or hogs
Daily Grain Letter.
Hanson Bros. &; Co. to Bel & Wichel-
man, 203 Masonic Temple. Phone
1921
abandoned wheat acreage is slightly
larger than generally anticipated, the
urea remained for harvest and the
GOOD condition Of the growing wheat
IL sufficient to give Indications of
Sield OF winter wheat Of about 63O.-
100000 bushels, which with anything
Aka a normal spring wheat Weld,
would give US record crol much of
which would be available for export.
The needs of foreign countries, how
ever are such as to indicate a good
market for our wheat and probably no
euch low levels for our own crop as
{ would be likely except for foreign sup
c port In awaiting this report by the
( government the market showed prac-
. ticslly no net change from yesterdays
Gguyes, tho during the greater part Of
( the day values were slightly above
yesterdays closing figures.
Conan early advance found suf-
ficient corn on sale to bring about
, good setback. Professionals, who were
most enthusiastic buyers yesterday
and early today, were inclined &c be
sellers around closing figures, which
were declines from Is 10 q cent, the
strength Of the cash situation holding
the May comparatively firm. The May
corn Will be partly a weather problem
and partly an adjustment Of current
demand and available supplies. There
is a slight increase in offerings Of
corn for all May shipments.
Oats-The action of oats was not
dissimiIar from the action IN corn,
May maintaining good strength while
later deliveries We're somewhat de-
pressed. Weather is undoubtedly ideal
for the growing oats, bat immediate
consumptive requirements are large az
Is indicated by the comparison Of daily
receipts and shipments al primary
points. Todays government report
shows 5000 900 tons less hay on farms
than a year ago which may have some
bearing on consumption Of oats on the
farms.
Provisions-The slight da tIy advance
In the price of live hogs continued and
led to some buying early, but offerings
at the moderate advance we're freer
and the close was easy. While the run
Of hogs may continue rather light
there is no such urgency Of immediate
demand as TO lead 70 much Dullish
feeling.