Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-01
FACT THAT iiL-FATED VESSEL
MAS in BRITISH SERVICE
AAs+RuLLsH EFFECT.
BEARS WILL SUFFER
FROM. LIVERPOOL ADVANCE
Corn Becomes Firm When Wheat
Tends Upgrade, and Bull Traders
Arc Further Aided by Eastern Ship
ping pemand-oats Merely Reflect
Course of Other Cereals.

ment that the steamship Armenian,
sunk by a German submarine. was en-
gagged In the British admiralty ous1-
ness, helped 70 strengthen wheat today
In the local market Higher prices at
Liverpool counted also against the
bears. After opening = 20 IS cent
lower 20 a slight advance, quotations
underwent a moderate drop and then
went about L and !. cent ABOVE LAST
night for July and September.
Later reaction took place. owing
to estimates that the 1915 crop in the
United States would De 100000 bush
els more than was indicated month
ago. The close was unsettled at
shade of to s. advanced, as compared
with last night
Corn became irn when wheat
started decidedly Upgrade. Eastern
shipping demand aided the bulls The
opening, which ranged from the same
as last night 10 4 and 3 cents higher.
was followed by something OF sag
but later by general gains.
Beartsh crop estimates resulted aft
erwa-d in setback. The close was
nervous, = all - ~ = s---1 -
last night
Action Of the oats market merely re-
fecred the course Of other grains.
Provisions.
Provisions held within a narrow
range. Fluctuations were II both d.
rections but without any signteance.
Daily Grain Letter.
FURNISHED by Lamson Bros. & Co..
Masonic Temple. Phone 1881
Chicago. July 1.-Whear-Furthe
zazaery In regard to supplies with
wFaeat 10 IN July sales. caused a
-,-41niIn IN July over September. There
va -s4t-raIy- no old wheat delivered on
July contracts this morning and. altho
car of wheat which graded No. 3 was
received from southern Illinois today
there is no Indication of any smmedi-
ate pressure OF wheat from any direc-
ton.
Corr-The fact that there were no
deliveries whateeyr or July contracts
this morning was somewhat Of a sur
prise,& as small deliveries were aatici-
pated. Cash buyers have increased
premiums and a. good as 20 cents
over July price was obtainable at the
IlOleS lot IIlOSL the corn q. ue
trade begins to awake TO the fact that
there Is a material reduction IN the
ge of corn in the surplus corn
states. altho the country over, there
probably Is a. moderate increase in
acreage, which comes largely in the cot
ton states. Argentina corn as q bear
factor in this country is beginning TO
lose It's influence, because foreigners
who have pretty good idea OF relative
values continue to take American corn,
even tho in Liverpool i is quoted at
most 10 cents per bushel above the
Argentina corn.
Oats-The advance IN July oats to-
day brought some scattered profit TAX
ing sales, but as shorts show no dispo-
sition to change their position. the
holdings Of July. which are thought 10
be largely against milling requirements
or export sales. become more concer-
trated. Standard oats II store sold as
high as so cents, or ~ cents over the
price for July delivery and there was
sharp competition for the limited Of
serings at the tables.
Provisions-Packers who delivered
large quantities of provisions this
morning stood ready 10 accept all Of
ferings of cash product. which they
were apparently hedging for Septem-
Der delivery. These scattered sales in
the way of liquidation were sufficient 10
Keep the market fairly steady all day