Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-27
DECIDED FALLING OFF IN EURO.
BEAN supeLY Also suLLlsH
FACTOR IN MARKET.
DEVELOPMENT OF BLACK
RUST GIVEN CHECK
Market Reacts Somewhat From High
Level - Corn Goes Higher With
Wheat, a. Result Of Cool TemPera-
tures-oats Prices Held Within Mar.
row Linits-Provisions Weaken.

Chicago, July 27.-Unsetued weather
in the domestic harvest belt, with a
forecast of more rain, led to higher
prices for wheat There was also a de-
cided falling off in the European Wis
ible supply, and it was said the move
ment here from India would be light
On the other hand, condition were
against the development Of black rust
After opening II to IA cents higher,
the market scored some additional
gains and then reacted to q moderate
extent.
Subsequently word that black rust
was spreading in Minnesota and North
Dakota brought about an upturn. Many
reports were received of serious dam
age by rain in Kansas, Nebraska and
Missouri. The close was strong at 70
to IA above last night.
Corn.
Corn rose with wheat as the result
of the cool temperature. Pit speculat-
ors, however, were sellers on the up
turn. Opening prices, which ranged
from a shade to q cent higher were
followed Dy something VI d SelDdSh
and then a rally.
Corn afterwards showed strength,
Influenced a good deal by the slimness
IF country offerings and because OF
fairly active eastern dealings. The
close was firm at Il to y net advance.
Oats.
Oats kept within narrow limits. The
market tho. reflected the strength OF
other grains.
Provisions.
Lower average quotations for hogs
weakened provisions. Nevertheless
ception.
Grain Trade News Items.
FURNISHED by Lamson Bros. & Co.,
Masonic Temple. Phone 1881
Chicago, July 27.-Wheat-A return
to unfavorable weather over the great
er part OF the winter wheat belt and
the decided improvement in the cash
demand for wheat for quick shipment
were features in a strong wheat mar
ket and a gain Of q to TX cents. Buy
ing by shorts and by houses which US
ually act for the seaboard were the
principal influences. 1t was reported
after the close that 100000 bushels
were sold today for export. In addi-
ton to the above influences, there were
reports Of damage by rust from South
Dakota and too much rain in the west
ern part Of the winter wheat belt. With
India and Argentina practically out OF
the export business, demand Is be-
coming more apparent in this country
and even the local trade, which is sup
posed to be bearish, is not pressing the
selling side very vigorously.
Corn-Corn finished at top prices
with little opposition, except from local
traders. Commission houses pressed
the selling side on an opening bulge
but later were fair buyers. especially
Of December. The recurrence Of I'M
settled weather is likely to result IN
decreased shipments and will probably
Interfere somewhat with the delivery
of country sales for prompt ship
ment. The primary movement is show
Ing a decrease from that of yeac
sgo, while shipments and shipping de-
mnnd are well sustained. Available
supplies, as reported by Bradstreets.
show a decrease of $4,000 bushels -or
the week and are about 100000 bush
els less than year ago.
Oats-Oats turned strong after early
easiness and the July delivery was al
most as strong as 1t was weak yester-
day. The later deliveries gained Is.
Wet weather for harvest and threshi1s
was the principal influence in the a6-
vance, The demand for cash oats is
good and shipping sales today of 15O,-
900 bushels for domestic account are
reported. Receipts were disappointing
at Sc cars. Primary points had only
about half as many oats as they re-
ceived a year ago. Crop reports are
generally favorable and unless damage
results from wet harvest, yields are
likely to be satisfactory.
Provisions were weak
during most of the day, but support
from packers caused a recovery from
the early decline and a firm closing.
The undoing OF spreads by professional
traders was a factor in Strengthening
pork and weakening ribs.