Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-03

REACTION COMES WHEN
OFFERINGS DISAPPEAR
Corn Easss or With Wheat and Be-
cause OF More Liberal Offerings,
But Later Losses Are Wiped Out
Oats Follow Fortunes Of Corn
Foreign Offers Hoist Provisions.

Chicago, April 8.-Wneat tended 10
sag today owing to reports that Rus
STA and Austria are showing signs OF
willingness to negotiate peace. Favor
able weather counted also again the
bulls, as did predictions of heavier
world shipments. After opening g to
cent lower, quotations seemed to keep
within the initial range.
Later however, offerings gave out
and the market took an upward swing,
on account of covering by shorts. The
close was unsettled at Is TO IL cents
net advance.
Corn eased off with wheat. Besides,
offerings from rural dealers west were
said to be a little more liberal. Open
ing prices, which varied from Il a Is to
1a@ss lower, was followed by an addi-
tional setback.
Losses were all overcome when
wheat showed a bulge. The close was
steady at a shade off to shade up,
compared with Thursday night.
Oats.
Oats took the same path as corn.
There was considerable buying, tho,
on the dip.
Provisions.
Reports of large foreign offers gave
provisions an upturn. One packer was
reported to nave sold 100000 pounds
Of fat backs.
Daily Grain Letter.
FURNISHED by LaInscG Bros. & Co,
Masonic Temple. Phone 1881
Chicago. April 3.-Wheat-Heavy
Argentina shipments and peace talk
led to an early decline in wheat. The
buying of the nearby delivery on this
decline was of good character, most of
the offerings being absorbed by cash
interests. The market recovered quietly
from inside prices and closed at gains
of Is to IL cent and AS higher for
July and SIS cents for May for the
week. The expectation of large world
shipments did not affect Liverpool adj
versely, the spot market there being
unchanged. The acreage of winter
wheat is large and the prospects in
general good. There are, however.
numerous complaints of dry weather
from states east of the Mississippi
river and the appearance Of HeSsian fly
is reported from scattered sections.
Corn-On any early decline, over en-
thusiastic selling by local traders met
buying orders in the hands of commits
sion houses. The covering of short
corn brought about a quick recovery OF
the early loss and the close was at
little change. about ! y cents up for the
week. Clearances of 100000 bushels
were an important bull influence. There
was also some buying on the report of
q local statistician which showed a de-
crease of 100000 bushels during
March in the farm reserves of the seven
leading surplus states. Primary re-
ceipts for the last week have been small
and the visible supply Monday prob
ably will show material decrease.
Heavy stocks Of corn at both terminal
and interior elevator points are against
q sustained advance.
Oats-The strength in wheat and
numerous reports of a backward season
which is resulting in delayed seeding
caused oats to recover an early loss and
TO close a shade igher for the nearby
delivery. Primary arrivals for the
week have been heavy and, while clear
ences have been large, for the day only
$1,000 was reported. Newport news
was missing, however and the small
ness of clearances is no doubt due in
part to this fact. Cash demand was
slow, domestic shipping sales being re-
ported at 10000 busheles.
Provisions-Buying of provisions by
packers and shorts gave the market a
iirm tone and a small advance in prices
was maintained. There were rumors
of export orders for lard, but otherwise
the cash demand was said to be slow.
The advance in hog prices in the last
two days affected the market favorably.