Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-16
SHARP ADVANCE an PRICE DUE
TO RAINS SOUTHWEST AND
COLD In NORTH DAKOTA.
DRouTh IN WESTERN
EUROPE ALSO A FACTOR
WEI Weather With Prospsets Of Com
tinusd Rain Adds to Strength Of
corn-oats Tend Upward in Sym
pathy With Othsr Gr~lns-Hisher
Hog Prices Lift Provisions.

Chicago, Juno d6.-Wheat advanced
sharply today on account of unfavor-
able weather over the southwest with
predictions Of frost in North Dakota.
Drouth in western Europe counted also
against the bears. The absence OF ex-
port business, however, acted some
what as check on the bulls. The
opening, which ranged from g and L
cent OF to y cent up. was followed by
a rise Of more than 2 cents above last
nights level all around.
Opinions that the winter wheat har-
vest taken as whole would be a week
later than usual and that Hessian fly
damage was becoming more apparent
brought about further gains, but re-
action took place on advices that char
tiers had been made for 1000, 900 bush
els from north Russia and France. The
close was strong, Ia to rs cents
above last night
Corn.
Wet weather with prospects of more
gave strength to corn. The advance in
wheat helped bring about a decided up
turn. After opening u to u cent high
er, the market continued to ascend.
Later the smallness of country Of
ferings prevented any setback. The
close was firm at TX to 21s cents net
higher.
Oats took the same course as other
grains. Active demand from the sea-
board emphasized bullish sentiment
Provisions.
Higher prices for hogs sent provi-
sions upgrade. Pork led the advance.
Daily Grain Letter.
FURNISHED by Lamson Bros & Co.,
Masonic Temple. Phone 1881
Chicago, June 16.-Wheat-Slaorts
bought wheat freely on reports OF too
much rain in the southwest and cold
weather In the northwest. The market
advanced easily with little buying by
commission houses, but profit taking
on the advance resulted in fair set
back with closing prices IL to 2a
cents higher. Nothing was heard OF
( export demand and foreigners were
reported as selling freely in our mar
ket. Country offerings were small and
local cash handlers had numerous In
quiries for old wheat.
Corn-Continued unfavorable wealth
er Drought a moderate volume Of In
,vestment buying Of corn and caused
considerable uneasiness on the part Of
local shorts The poor start Of the
new crop and the prospect OF at least
two or three days more of unsettled
wea Their caused a decided change in
local opinion. Despite the advance in
premiums cash demand was fairly
good. sales Of $4,000 bushels being re-
ported.
OatstStrength IN other grains and
good demand for cash oats held the
market firm. Frost in the northwest Is
causing good deal Of apprehension
in regard to the crop in North Dakota
and Canada. Cash demand was fairly
good. Domestic sales We're 10000
bushels and sales to the seaboard So
1000 bushels. Further reports were re-
ceived Of crop damages from lodging
but, in general, the crop promise is
favorable. No Independent action
seems likely. the course of other grains
being about the most important in
fuence at the moment.
Provisions = Provisions made fair
gains on buying by packers and local
shorts. The support Of packers to July
lard was especially noticeable.