Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-23
uNFANoRA1IE ADvlcEs FROM
EUROPE AND INDIA REsPoN.
elaaE FOR ADVANCE.
ecARcEsJuLY OFFERINGS
BOOST CORN PRICES
Oats Follow Corn, July Making
Squirt Of 8 Cents Over Last Nights
sFisures-4ishsr Hog Quotations Lend
Firmness 70 Provision Market-corn
Demand Comes Mostly From Shorts.
Chicago. July 2s-Fresh strength de,

Chicago, July 2s-Fresh strength de-
veloped in wheat today owing to small
Ter world shipments and to the I'M
favorable outlook for European crops.
Shipments from India especially prom
there having become almost prohibitive.
Signs of suspicious weather in the do
nestle belt counted also against the
bears. Opening quotations which
ranged from q off to 4 up were fol-
lowed by a sharp advance all around
Reports that black rust attacked the
items of wheat in South Dakota led af-
forwards to a lively additional upturn
in the price of wheat. Export demands.
however. were apparently not keen and
the market later underwent somewhat
of reaction. The close nevertheless
was strong. at y to tx above last
night.
Corn.
Corn rose with wheat resulting from
a scarcity of offerings in the July de-
livery in particular. Demand came
chiefly from shorts. After opening I'M
changed TO q higher the market scored
nearby options.
Cool weather continued to handicap
the bears. The close was strong at Is
20 IA net advance.
Oats.
Oats had the same action as corn. In
some cases the price Of July oats ran
up 8 cents above last nights figures,
owing to scarcity Of rural acceptances
of overnight bids
Provisions.
Higher quotations for hogs gave
drmness to provisions. The market
was fairly active.
Grain Letter.
Furnished by Lamson Bros. & Co,
Masonic temple Phone 1881
Chicago, July 23.-Wheat-Althoug
receipts Of wheat are increasing and
the quality is somewhat improved de-
mand keeps pace with the offerings and
prices at all markets are higher.
Foreign demand was not as urgent as
recently, the advance in futures check
ing the demand. Numerous reports
were received from Missouri and Kan
sas Of disappointing threshing re-
turns. There was also some talk Of
rust in the northwest which had
Strengthening effect on spring wheat
markets. Argentine shipments were
small and Of poor quality, Brazil and
Australia taking the entire output for
the week. Freight rates from that
country and India are said to be very
high to European points and this will
have a tendency to divert business to
the United States. Until there is large
enough movement in sight to fill the
holes caused by last years heavy drain
and the lateness of this years move
ment the selling side is not likely to
prove profitable.
Corn-Corn was irregular but closed
at the high point of the day 5s to ~
higher. The old crop. deliveries We're
stronger but crop reports were not
sufficiently satisfactory to offset the
bullish effect of old corn on the new
crop delivery. The demand for old
corn and the moderate receipts are
causing some uneasiness on the part
of speculative short interests in July
and September. Shippers and indus
tries have July and September bought
against sales Of produce. The situa-
ton is therefore rather unpromising to
shorts, so long as receipts are small.
Oats-July oats were the speculative
feature of the day. Threshing opera
tons are in progress over the greater
part Of Illinois and Indiana and salts
factory yields are reported. Demand
for old oats is good. with seaboard
shipping today $4,000 bushels. and
buying 100000 bushels at western
points. Domestic cash sales were 49,
600 bushels. AS is the case in wheat
the prospect Of liberal yield is offset
by the urgency of the spot demand
MISUNDERSTANDING by longs III
the nearby delivery carried prices low
err. Packers supported ribs and lard
on the decline which caused a recov-
cry of the early loss and firm clos
ing. fairly good demand for meats
and the expectation of smaller hog re-
,eipts are the strengthening features.