Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-03-09
BUYING RUSH AGAIN
LIFTS WHEAT PRICE
,RuLlIsH VIEW OF GOVERNMENT
REPORT CAUSES HEAVY
PURCHASING.
NO SIGN OF LET.uP
IN DEMAND FROM EUROPE
Corn Develops Some Firmness as Re-
suit Of Strength of Wheat Market
Price Changes Are Narrow, How
ever, and Trade Almost Entirely Lo-
eal-oats Respond to Shipments.

Chicago, March 9-Bullish views OF
the government report on farm re-
serves brought about rush of buying
today and carried wheat prices sharply
higher According to one authority
the figures showed the present export
shipment would have to be reduced
more than half from the period from
nov 20 July !. There were no signs
today of any lessening of foreign de-
mand. The opening. which ranged from
g TO q higher. was followed by de-
cided further advance, and then a mod :
crate reaction.
Later the downturn was more en-
phatic but the market rallied when
shorts attempting TO cover found the
market bare. The close was firm al
y 10 50 cents net advance.
Corn.
Corn developed some frmness owing
to the strength of wheat. Price changes
however. were narrow and trade almost
entirely local. After opening a shade
to ]. and q UP. the market recede6
slightly.
Slowness of <eaboard call led TO pro-
nounced weakness for a while The
close was unsettled. IS and i cent IN
der last night.
Oats responded to reports of intend
ed big shipments from New York.
Provisions.
Provisions eased off with hogs. Sell
ing, tho, was scattered.
Daily Grain Letter.
FURNISHED by Lamson Bros & Co.,
Masonic temple, phone 1880
Chicago. March 9-Wheat: Buying
OF May wheat by cash houses and Of
both May and July by commission
.louses resulted in an advance OF "a
cents for the former and So cents for
xhe latter. September wheat was neg
lected to large extent and gained only
IL cent. The assertion by local sta
listician that the crop had been over
estimated by 100000 bushels and
that stocks for export and carry over,
March to July /. were about 3I,0oo,-
800 bushels had much TO do with the
closing strength. There was little
pressure OH the market except from
scattered realizing sales. Spot de-
mand was not quite so keen as yes
terday but wheat was easy to sell at =
rents to cents over May. both on spot
and to arrive"
Corn-Corn was strong early in sym
patf1y with wheat and on buying by To-
Gals. Commission house selling on the
bulge brought quick reaction and the
lower figures locals We're disposed to
press the market. Their short cover
ing on late rally in wheat resulted in
the market regaining much Of the early
break and closing prices were only i
to 4 as cents lower. The cash de-
mand was slow. but this was Offset by
light receipts and lack of country Of
ferings.
oats-Oats reflected the opening
bulge in wheat. but realizing sales
were more than equal to the demand
and a sharp decline followed A fairly
good investment demand was noted at
inside prices and at the close the mar
ket was shade higher than yester-
day. The seaboard reported liberal eS-
port sales yesterday.
provisions-A heavy run Of hogs and
the expectation of a similar run to-
morrow and the heavy tone Of corn
market most OF the day were the de-
pressing factors in provisions. The
close was steady ct a loss of part Of
yesterdays advance. Selling was
mostly by stock yards traders. longs
and smaller packers. One OF the larg-
est packing interests was credited with
buying considerable quantity Of May
lard.