Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-05-11
eIoNo or RENEWED GENERAL
DEMAND GIVES MARKET Bull
Lieh CHARACTER.
luairANlA lNclp ENr
HAVING LESS EFFECT
Corn shows Sympathy With Course of
Wheat and Prices Show Gains-Do-
rnestie Call Puts independent Firm.
ness Into oats-Provisions Gain,
With Demand Largely From Shorts,

,sdded strength today as the result Of
general buying on the part Of commits
sion houses. Signs Of renewed general
demand tended to favor the bulls.
There appeared 20 be considerable
lessening Of tension in regard to the
possible consequence Of the sinking Of
the Lusitania. After opening I'M
changed to l cent higher, the market
scored a gain all around.
The close was strong at 5 II to 612
cents higher.
Corn took the same course as wheat.
The opening which varied from I'M
changed figures to Il higher, was fol-
lowed by a moderate general upturn.
The close was strong at IL to rs
cents net advance.
Oats.
Domestic call gave an Independent
firmness to oats. Sellers were scarce.
Provisions.
Provisions went upward from the
start. The best demand, too. was from
shorts.
Daily Grain Letter.
Furnished by Lamson Bros. & Co..
Masonic Temple. Phone 1881
Chicago May NEUTRALITY-SUSPICIOUS.
of damage from insects from nearly
every portion of the winter wheat belt
started rally in wheat, and the mar
ket advanced easily with shorts cover
ing and offerings at no time equal 10
the demand. Closing prices showed
net advances of 5A to 61e cents ana
were practically at top figures of the
day Lower cables and bearish sta
Yla f~ny IN q =
fort to cover short wheat. badly
oversold condition was revealed and
the advance was no doubt out of pro-
portion to the amount of actual dam
age to the growing crop. Export bus
mess was practically cut off by the
rapidity of the advance, but there were
said to be numerous bids in the mar
ket on the basis of last nights close.
Corn-Local traders started rally
in corn by selling operations at the
opening, and by being Immediately
obliged to cover when the strength in
wheat was apparent. They persisted
however, in selling corn all day and the
market quickly recovered all declines
and closed IL cents to 2s cents
higher. Domestic demand showed
some Improvement, but sample values
did not fully follow the advance in flu
lures. Planting is progressing under
favorable conditions over the greater
part Of the main corn belt. Prospects
of a large acreage and the slowness
with which present larg< stocks are
disappearing are factors which operate
to create an extremely bearsh feeling
on the part of the majority Of local
traders.
Oats-Oats also recovered sharply on
buying by shorts, complaints on the
growing crop and an improved cash
demand. Shipping sales here aggrr
gated $4,000 bushels, $4,000 bushels Of
which were sold to the seaboard late
yesterday. Export clearances, which
included two days shipnafts from
Newport News, totalled 694, 900 bushels.
"A considerable volume Of realizing by
commission house customers tended to
check today's advance, altho the close
was near the high point, 1as cents to
15s cents higher.
Professionalism receipts were light
er than expected and this, with the
strength in grains, caused a sharp ad-
vance in provision values. The close
was steady, at about best prices. Lard
showed remarkable reversal in form
and led in the strength, on account OF
liberal buying which was credited to
packers. Demand for pork came largely
from outside trade and from shorts.
Cash trade was reported rather quiet.
= L.