Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-22
WHEAT RALLIED
ON IMPORT NEWS
WEAKENED AND CLOSE WAS
IRREGULAR.
CHIPPING DEMAND
HARDENED CORN
Corn Opened Of But Took Moderate
Upturn - Country Corn Offerings
Scarce Oats Were Easy Lower
Hog Prices Weakened Provisions
Current Quotations.

SulCdSO, July sS.-opluiOHS Ia1l
Europe would require larger imports
than was expected had bullish effect
today on wheat here. Advices from
England, France and Italy all reported
an unpromising harvest outlook. How
ever highly favorable conditions for
the development Of the domestic spring
crops and for threshing and the NOV
ing winter crop acted at first as
weight on prices. The opening, which
varied from the same as last night to
es cent down was followed by a further
decline and then a material advance
all around.
The market afterwards underwent a
bearish reaction due largely TO increas-
ed demands for offerings at Omaha,
and some disappointment regarding the
extent of sales for Europe. The close
was unsettled, Is off TO y up, COM
pared with last night
Corn.
Good shipping demands from the
east tended to harden the corn market.
Country offerings were scarce. After
opening a shade off to q cent higher
the market scored another general
moderate upturn.
Cool weather helped to sustain the
advance in prices. Strong Il TO ~
above last night.
Oats.
Oats were easy. There was some
pressure from hedging.
Provisions.
Declining prices for hogs tended to
weaken provisions. About the only
support was from shorts.
Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
Masonic Temple. Phone 1881
Chicago, July 2.-Wheat-Domesti
weather conditions are generally i'm
proved which led to TOO great enthus-
iasm on the part of bears whose offer
ings were absorbed by shippers and
foreigners The prospect for light
worlds shipments and further ma
terial decrease in stocks on passage
gave a stronger tone to the foreign
markets and resulted in the working Of
a good sized business in American
wheat. The July delivery n all mar
kets Is very strong, even in the south
west. Undoubtedly the holding ten
dency on the part of farmers and the
delay in threshing by wet IS affecting
the NOV ement while millers and ex-
porters are competing for whatever
wheat is offered.
Cmn-Further confirmation Of the
shortage of cash corn had good deal
to do with an advance in the market
again today. The July delivery was
particularly congested and closed e
cents higher, while the September
gained 5s as and the December Z.
cent. Sales for immediate and de-
ferred shipment exceeded the days re-
ceipts. cash handlers hedging their de-
ferred shipments with purchases OF
September. County offerings are only
moderate and are at prices satisfactory
to the seller. Crop reports from the
northern part Of the surplus corn terri
tory are generally unfavorable, COM
plants being received of further cool
weather and the small plant maxim g
slow progress. The forecast is for i'm
proved weather conditions. The prob
ability of a movement Of any material
Size before the end of August is rather
remote.
Oats = Deferred deliveries of oats
closed lower while July advanced
sharply later in the day. Seaboard
demand for old oats was the feature
In the gain of the current month. New
oats are in good demand and, until
they are moved in liberal volume, eau
ton should be exercised in selling.
Provisions-Another day of liquida-
tton in provisions resulted in sharp
loss N values in the entire list. Hold
ers were free sellers Of all products.
Brokers, who were thought TO be act
ing for packers, were fair buyers on
the decline. and, at the close. prices
had reacted partially. Cash trade was
fairly good.