Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-24
HEAyY SPECULATIVE BUYING At
sUENos AIRES ALSO BULL.
ssh FACTOR.
CORN SHOWS STRENGTH.
INFLUENCED BY WHEAT
lnesssant Damaging Rains in Arssn-
tina Also Ads IL Lifting Corn Prices
Active Buying Of September Oats
Tends 20 Lift Other Months as Well
Provision Trade 10 Light.

Chicago, April 24-Wheat advanced
today in response to continued strength
at Liverpool Considerable interest
was also taken in Buenos Aires advices
telling of heavy speculative buying.
diminishing receipts and broadening
export call. Word that the ice was
breaking ND at Archangel and promis-
ing an outlet for the Russian fleet
seemed to make no impression. After
opening 4 off to Il up the market
scored material gains ali around.
Confirmation Of good sales today Of
new crop winter wheat for export had
a further strengthening influence. The
close was strong, Is to q above last
night.
Corn bulged with wheat and as a re-
suit of incessant damaging rains in
Argentina Selling was only scattered
The opening, which varied from u 10
q higher was followed by additional
upturDs.
No important reaction took place.
The close was firm at Is to = net
advance.
Active buying of September oats
tended to lift other months. The bulls
were chiefly pit spectators.
Provisions.
Trade IN provisions was light. Quo
tations showed no decided change.
Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
Masonic temple. Phone 1881
Chicago. April 24.-Wheat-Persist
ent and liberal buying OF new crop de-
Iiveries confirmed the belief that ex-
port sales were being under estimated
and gave the market a firm tone. De-
spite liberal profit taking late in the
day the market closed near the top
and is to 2z cents higher than yes
terday. In addition TO sales OF
domestic wheat from both the old and
new crop Canadian exporters reported
liberal sales Of Man1tobas. The dis
position OF foreigners to take our
wheat at prevailing prices and rapidly
decreasing domestic stocks more than
offset bearish crop prospects. An
other heavy decrease is expected in
the visible supply on Monday. The
United States holds practically all OF
tho available good wheat and It is
likely to be merchandised on an ad-
vancing market.
Corn-The action Of corn today was
similar to that of yesterday, prices
advancing with little opposition, ex-
cept from local traders and realizing by
holders. There was further selling Of
May and buying OF July by cash In
terests and there was some pressure
on the May. due to increased pur-
chases to arrive, which were hedges in
May. The principal bullish feature is
strength IN Liverpool, due to pro-
tracted wet weather in the Argentine
and consequent damage to the new
crop. Local stocks Of corn will be re-
duced to about 100000 bushels by
Monday next, and by the first Of May,
they will probably about equal those
at the same time last year, when there
were 5000 900 bushels here.
Oats-Liquidation in May oats con-
tinued so, that while July gained half
q cent and September rs cent the
May was only up Is cent. AS in the
ease in wheat, there Is said TO be ex-
port inquiry here for new crop oats,
which is confirmed in a measure by
the advance in the September delivery
on buying by cash interests.
Provisions-The bulk Of the trade in
provisions was in the way of changing.
The nearby delivery, however, was
firm, due to covering Of shorts and the
strength in grains. Cash trade for
meats was reported fairly good, and on
that account ribs showed a firm under
tone. The action of the market will
depend for, the immediate future, upon
the volume Of hog receipts