Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-18
QUICK ADVANCE IN PRICES Di.
REcTlY DUE TO poNNPouR
IN. SOUTHWEST.
FoREiGNERsssELL
FREELY ON eLuGE
Corn Prieeo Turn Upward Owing to
Field Conditions That Mean Delay
TO cuittvzfion-oats Trading Mere
Iy Rejects Action Of Other 6rains-
Higher ss1og Priess.

Chicago, June. 1S-Heavy rains N
Che west brought q rush Of orders to-
day TO buy wheat and resulted in a
quick advance On the bulge. however.
there was active selling. in which 1oF-
eisners are said to have taken prom
tnent part. According to one author
'ty. the storm did much less dana sc
TO wheat than was generally SUPPOSED.
The opening, which was y 10 3 high
er. was followed by some upturns ana
then a reaction IN which nearly all the
gains disappeared
Later Missouri reports OF the pres
ence OF black rust in severe form leu
to a sharp rally. Crop damage adylces
were on the increase. The close was
firm. at u to / g cents higher.
Corn.
Corn prices took an upshoo- owing
TO field conditions that meant delay 10
cultivation and implied much 7epla11t-
ing. The market, tho, reacted later
with wheat After opening = 70 is
cents higher. prices fell back TO nearly
last nights level.
Later The market recovered with
wheat and owing to cheap Argentine
offers the effect failed TO last The close
was unsettled at Is of to a sixteenth
advance.
Oats merely reflected the course Of
other grains. Trade was OF a general
character.
Provisions.
Higher quotations for hogs put
strength into provisions Western re-
ceiptS Of hogs were decidedly scarce
compared either with last week or
year ago.
Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
Masonic Temple. Phone 1881
Chicago, juno 1s.-Wheat-On heavy
rains IN certain districts IN the south
west wheat ranged higher and closed
IL to ia above yesterdays final
prices. Numerous reports were re-
ceived Of lodging end rust damage in
the southwest and some frost damage
was claimed in the northwest The
market, however. did not respond fully
TO those bulI:sh reports because scat
tered holders sold on the advacce and
local traders pressed the market De-
ing very skeptical OF damage reports.
xAltho the seaboard claimed that bids
from abroad were out OF linz, some
wheat is said to have been worked for
August shipment The crop prospect
G: June has declined materially.
Corn-Rains over the western corn
belt were general over night and taken
in connection with a builish report is
suea by the Illinois Grain Dealers As
snciatinn. brought a sharp advance in
price early. Realizing sales and pres
rod
loss OF the early advance. a report
that Argentine corn was likely TO be
bought for shipment 10 New York as
material help TO the bears. Runner
has it that a cargo of corn has been
sold for shipment TO New York by
July 10, which means that the corn
would not reach New York before
some time in August Industrial users
are the only consumers who can handle
this corn satisfactorily and last years
experience with It is not likely TO re-
suit in eastern distributors buying il
again this year. Corn is generally con-
ceded to be several weeks late and
much in need of clear warm weather.
Oats-Crop conditions were reported
a little less favorable after the heavy
wind ana rain storms Of last night and
shorts covered freely during the early
trading, but oats sympathized with the
setback in wheat and corn and clos
ing prices were about g above those
OF yesterday. The market was very
ecttve>and the volume Of trade liberal
Provfsions-One Of the largest pack
ers was credited with liberal buying
and commission houses we're on ths
same side Of the market early. The
result was fair advance ali around
and a firm closing.