Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-20
UNUSUAL ACCUMULATION OF
SMALL ORDERS TO SELL SUP.
PLY OF OLD CROP.
PEACE RuMoRs HAVE :
DEPRESSING EFFECT
Corn Declines With Wheat But Vol
un,e Of Trade 10 Lisht-oats Also
Influenced by Action Of Other Grain
But Only to Moderate Degree
Break Causes Provision Weakness.

Chicago, April 2o.-An unusual &C
cunulation Of small sized selling orders
TODAY brought about an overthrow in
MAY wheat. AS soon, however, as the
little rush had spent itself the market
for May quickly recovered and swung
into line with other more active deliv-
.,4as which meanwhile had been only
moderately influenced by the May
weakness. The chief influence came
from vague peace TALK from Liverpool
and reports regarding the crop outlook
in southern Illinois. After opening un-
changed to A91s lower, prices
steadied at Il to q under last night.
Selling by cash houses tended to
later make the marked recede. The
close was unsettled at IS TO cents
net decline.
Corn declined with wheat but the
volume of trade was light. The open
ing. which varied from Is a IS lower to
q shade advance was followed by a
moderate setback.
The close was firm, u off TO Is and
II I'D, compared with last night.
Oats.
The action of other grain affected
oats but not to any radical extent.
Buyers were scarce.
Provisions.
Provisions gave way because of the
break In cereals Nevertheless the
selling by longs did not assume an
alarming character.
Daily Grain Letter.
Furnished by Lamson Bros. q Co..
Masonic Temple. Phone 1881
Chicago. April 20.-Wheat-A selling
panic in May wheat which resulted IN
the uncovering of stop-ioss orders ana
a sensational break at the openlns
served to unsettle the market all DAY
and caused realizing pressure from
scattered holders. There was also
feeling Of uneasiness over the 1ore1sh
political situation to add to the al
ready nervous feeling in regard to
wheat prices, While there was some
new crop wheat offering and spot de-
mand was not keen there were liberal
sales Of export new crop wheat for
July-August shipment, 100000 bushels
being reported. in addition to 100000
bushels from the old crop There was
hedging pressure in the July and con-
siderable selling of that delivery by
spreaders who have been long against
sales of September. The support 10
the September delivery was good, as
was shown at the close when prices TOR
that month were only Is cent lower
while July and May were rs cents and
cents lower.
Con-The local trade was on the
selling side of corn early in the day.
because wheat was weak and local
shippers reported slow cash demand
/ Persistent buying of May by cash in
terests and a rumor Of liberal export
business resulted in sharp recovery
and at the close the nearby delivery
was Il cent higher, July Is cent higher
] and September Is cent lower. Arsen-
tine news was also bulllsh factor OUT
was ignored in the early trading
Weather in that country IS unfaVoraoie
and estimates Of the exportab1e surplus
are being materially reduced. Country
offerings were said TO be liberal, but
we're well above the market and very
little has been reported bought to ar
rive.
oats-Persistent liquidation ant
pressure from local traders resulted II
an easier oats market. In sympathy
with corn there was a little rally late
in session but at close prices were u
81 cent lower. Shipping demand, while
small, showed some improvement lat
in the day. If, as reported, the DIR.
weather is doing damage to wheat cas-
of the Mississippi river, undoubtedl.
pats are suffering more.
Provisions - Provisions were easier
with scattered selling, especially of tn
May deliveries. A prominent outstd
packer was credited also with sales o
July pork and ribs. There was littl
scattered demand from commission
houses and some buying around insid
prices by packers. Cash trade in meat
was reported fairly good.