Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-06-30
~ oauaR CABLES NAVE pEPRESS-
s. 1aio EFFECT ON TRADE IN
pokEsIac.MARkETs.
-coNxaaeluEo RAMS SERVE TO
FAazaAlAN CHECK DECLINE
Com sasa With Wheat and Because
of,RsinA il Sections Where Needed
Oats Reject Weakness in Other
Grain-comsnfssloo House Selling
Ssrsea to Ease Provisions.

Chicago, Juno S0.-11ower cables TO-
day had a depressing effect on wheat.
The market received but little support
and "a a result all deliveries dropped
to a new low level Of prices for the
present crop. Reports that unwea-
come showers continued in the north
west checked the decline. After start
ing A@A to ! Is under last night. quo
tations steadied slightly above the
opening range.
Hedging sales and bearish crop
estimate hindered considerably the
development OF power TO rally The
close was steady at the same as last
night to a shade advance.
Corn sagged with wheat and because
of rains in some sections where needed.
About the only buying was by shorts.
The opening. which varied from 4 q 8
&c & down. was followed by slight
further decline.
Prices subsequently reacted because or
resting orders TO buy on the break.
The close was steady but ranged from
ss to q net lower 10 siIa0e a oUv5
last night.
Oats reflected the weakness Of other
grains The July option especially
showed a lack of strength.
Provisions.
Commission house selling eased on
provisions. Fir1nness in the hog mar
ket was virtually ignored.
Daily Grain Letter.
Hanson Bros. & Co, 2o% Masonic
Temple. Phone 1891
Chicago, June 30.-Wheat = wheat
sold down 70 new low level early on
general selling pressure. Cash inter-
ests, commission houses and locals
sold wheat The market became over
sold, however. and reacted to ABOUT
last nights closing figures, which was
the high point for the day. The south
west had light scattered rains. but not
enough to seriously interfere with
handling the new crop There were
some complaints Of too much rain in
the northwest but local crop expert
conditions there generally
hsavorable with an Indicated crop of
.cons. 000. 900 bushels Export demand
stras said to be lighter foreigners APP
nHearing to have been filed up for the
e.moment.
Corn-Liouidation of contracts for
old July corn and reports of rain in
the southwest gave weak tone 10 the
early trading in corn. Contracts for
new July. however, were in good de-
mand and the trade. realizing that
there is no stock Of corn here epplica-
bic on these contracts, bid the market
up to shade above last nights close.
The deferred deliveries at the close
were g a q lower. The Ohio river dis
tricts still complain of lack Of mois-
ture while certain sections of the
northwest are receiving more than
enough rain. Country offerings were
light but the eastern demand was not
entirely satisfactory.
Oats-There is no special feature In
oats, the market following largely the
course of other grains. They failed,
however to show as much rallying
power as corn and wheat, especially
in the current delivery.
Provisions-July liquidation was fol-
lowed by buying of ribs by packers and
rather liberal investment demand for
later deliveries. A good rally occurred
on this demand and at the close the
market was firm at the advance.
Strength in the hog market and bet
ter demand for meat We're the chief
hl al