Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-05-21
DAMAGE IN ILLINOIS PROVES
GREATER THAN HAD SEEMED
(. PROBABLE.
BourHERN ILLINOIS
ACREAGE WORTHLESS
Corn Rallies With Wheat After Little
Show Of Weakness in Early Trading,
Due to Lower Cable Quotations
oats Traders Take Cue From Action
of Wheat.

ports from Illinois today gave the
wheat market here an upward swing.
A leading expert sent work that large
acreage in the southern part OF the
state was worthless. and that in other
fields the damage had proved worse
than seemed probable. Opening prices,
which varied from u off to " advance,
were followed by gains all around, and
then a moderate reaction.
Reports that suggested 100000
bushels less wheat In Kansas and Ok
lahoma than was harvested for 1914,
caused small swell in prices. There
were also advices that millers were
competing for unsold wheat at Duluth.
The close was strong at a gain Of Us
20 IL cents.
Corn rallied owing to the gain in
wheat. Lower cable quotations, how
ever. led to a little weakness at first.
t!After opening h@A to as@k down,
the market assembled above last nights
level
The close was firm. at Is and u to 1
cent above last night.
Oats.
action of wheat. Business, however,
was not large.
Provisions.
Higher prices for hogs tended to lift
provisions. Offerings on the higher
spots, tho, were quite free.
Daily Grain Letter.
Furnished by Lamson Bros. & Co,
Masonic temple. Phone 1881
Chicago, May 21.-Wheat-A gen.
teral tightening of the domestic wheat
markets and further crop damage re-
tports caused scattered investment
buying of wheat thruout todays ses-
esion, while shorts bought eagerly on
bulges. A sharp upturn in Minneapolis
May wheat was the first indication Of
the scarcity of old wheat. No. north
ern sold at one time in Minneapolis at
q cents over May and northwestern
and eastern millers, were reported as
competing for the spring wheat re-
manning unsold at Duluth. Local trad
ers were disposed to fight the advance
hand bullish crop reports from pro-
fessional observers We're regarded
rather indiferently, but a report from
the Modern Miller, confirming heavy
damage from fly and other causes and
estimating the Kansas and Oklahoma
crop at 100000 bushels less than
harvested 1astryear, had a decidedly
bullish effect.
Cor-Shorts were on the buying
side in corn, partly in sympathy with
wheat and partly because growing
crop conditions are not entirely favor
able. Net advances OF 4to 1-cent re-
suited. May corn led the advance and,
while little cash business could be con-
nfrmed, the strength in May was taken
to indicate some improvement. Re
.ceipts continue light and country offer
ings while showing a slight increase on
the advance, were of only moderate
volume
Oats-Heavy cancellations this week
Of oats in store in Chicago with the
resultant rapid decrease in stocks. led
to considerable short covering and an
advance Of q cent in the current de-
livery. July was Scent higher, while
September gained only 1s-cent, the
latter being under pressure Of new
crop promise. Strength in Liverpool
and fairly active cash demand were
factors in the advance.
Provisions-Packers were again on
A1ae buying side Of provisions, especial
ly in lard and ribs while scattered
holders realized in pork. Higher hog
values and better cash trade in
meats helped the advance. Relative
cheapness of product in this country,
as compared with foreign countries
and the hope Of improved shipping
facilities abroad led to a feeling Of
more confidence.