Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-21

Chicago, April g1-May wheat
newed reports of favorable soil condi-
tons which brought about more lib
eral offerings than there was demand
for. In a few minutes the low prices
seemed attractive enough to bring
about a buying rally and prices rose
within " cent Of yesterdays close,
touching s1.6O1s July and September
wheat held the greater part Of the
trade and prices showed q narrower
range than for the near month. being
from Y to Is lower.
Signs that foreigners were purchas-
ing new crop futures here had much
TO do with a bulge which developed
after the early dip but bearish ad-
vices regarding Italy led later 10 some
thing of a setback. The close was un-
settled. al 4 to rs cents net advance.
Corn.
Corn showed a dropping tendency at
the start, largely in sympathy with
wheat. Opening prices were Irregular
u lower to 4 higher, but under
squirt of buying by influential houses.
prices tirmed up all around.
Cash demand from the east, together
With the fact that country offerings
were small, tended to uphold the
market until wheat gave way. The
close was nervous. Is TO g above last
night.
The tone of oats was easier on re-
ports of the appearance of needed
moisture. Commission houses were
sellers and dem and was not large.
Provisions.
Provisions showed lower thru the
list under generally easy demand.
Daily Grain Letter.
FURNISHED by Lamson Bros. & Co.,
Masonic temple. phone 1879
Chicago, April 1-Wheat-Scattered
showers over the winter wheat belt
with prospects OF their continuance re-
suited in considerable selling pressure
and lower prices early. A good class
of buying on resting orders brought
about a sharp recovery and, turnout
most of the session, prices ruled firm
at levels well above the close OF last
night. Strength was due to further
reduction in the Argentine exportable
surplus, the general realization that
little old crop wheat remains unsold in
this country and that foreigners are
buying our new crop, and continued
clearances at the seaboard. Just before
the close prices receded on local sell
ing, but buying by cash houses
brought a quick recovery and a steady
closing.
Corn-Opening easy In sympathy with
wheat a good class of buying was at
tracted to corn. Unfavorable in the
Argentine and the confirmation of fresh
export business were builish factors.
On the advance number Of small lots
were bought to arrive and a consider
able quantity was for sale by the
country at little over the prevailing
figure. The purchases TO arrive are be-
ing hedged in May and act as check
on advances in that delivery
Oats-OatS followed other grains.
altho there was little fresh buying no.
ticeable and local traders were disposed
TO oppose an advance. At the close the
nearby delivery was a shade higher
while July and September were % q u
lower. Buying of May and selling Of
July by cash interests was responsible
for this widening of the difference. A
good deal OF selling vas the result of
the change to showery weather over
the part Of the belt that has been in
need of moisture
Provisions-Packers and local trad
ers were against the provision market
| which closed lower for most of the
list. Packing interests were sellers of
lard, while the local element sold July
pork Demand came mostly from scat
| tered commission house trade. A fair
cash trade in meats was reported but
! demand for lard WAS dull.