Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-23
british DECLINE
CAUSES WHEAT SAG
LOWER PRICES IN ENGLAND TEND
70 PULL DOWN QUOTATIONS
IN DOMESTIC MARKETS.
ADVERSE CROP REPORTS
GIVE CORN EARLY LIFT
cheapsrA Offerings, However,
Later Cause q Reaction, With Prices
Falling Lower Than the Opening =
Oats Show Weakness From the Start
Provisions Decline With Hogs.

Chicago, June 2s.-wheat today
showed a tendency to sag, lower
prices III Great britain having bear
ish effect here. After opening un-
changed TO Il down, prices rallied to
a moderate extent but then sank low
er than before.
Later the market developed notable
irmness, owing to signs OF decided
Improvement in export business. Ru-
mors were current OF a sale OF J, 25o,000
bushels to Norway. The close was
steady at rs 10 rs cents above last
night.
Adverse crop reports from Missouri
helped lift corn. bug cheaper Argen-
tine offerings caused reaction. The
opening, which varied from yesterdays
close to l. higher, was followed by
decline all around.
Poor crop reports from the west led
to covering by shorts The close was
steady az 70 IL TO ? cents net ad-
vance.
Oats weakened from, tire start Com
mission houses We're generally on the
selling side.
Provisions.
Lower prices for hogs acted as
weight on provisions support was not
aggressive.
Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
Masonic Temple. Phone 1881
Chicago, June 25.-Wheat-Tne dis
.urbing Of the short interest in wheat
was accompanied by a number OF bull
ism crop reports, both from foreign
countries and from the domestic win
.er wheat belt The government week
ly weather report and the price cur
rent grain reporter called attention 10
delayed harvest, the latter claiming
that recent rains II. the southwest had
lowered the conditions OF the crop and
DELAYED harvest considerably. The
market closed strong at gains OF from
rs TO rs A little better export in
quiry was claimed, local handlers sell
ing about $4,000 bushels old wheat
TO the seaboard and mills, while the
seaboard reported sales Of 100000
wheat for export. The weather fore
cast for the southwest indicates unset
lied weather with showers.
Corn = The backward condition OF
the growing crop Of corn was more
fully realized today and shorts covered
freely. There also was some fresh
buying by outside traders who are in
close touch witt, crop conditions. Prob
ably the most important factor II the
advance was the price currents view,
indicating a smaller acreage and ex-
pressing the belief that the condition
IS the lowest in years al this period.
Cash demand was fairly good with
shipping sales OF 100000 bushels. Couu-
try offerings were light and stocks are
being steadily reduced.
Oats-There were some com plants
Of lodging OF oats, crops reports gen
arally were favorable. The market
however advanced IS cent TO ! cent
IN sympathy with other grains. Cash
demand for old oats continues good
and premiums over the July are well
maintained. Shipping sales Of S95,go0
bushels were reported.
Provisions = Hog news was bearish
and provisions sympathized EARLY.
Packers supported ribs and lard while
shorts bought pork. The rally in
grains and little improvement in the
southern demand for meats brought
about a fair rally and closing prices
were at moderate gains