Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-08-17
FORECAST OF RAIN AND DELAY
TO THREsHING AND SHIP.
PING AFFECTS MARKET.
RECEIPTS IN CHICAGO
SHOW MATERIAL DROP
Trade in Corn Not Heavy and Prices
Sway With Wheat-unfavorabie
Weather Brings Sharp upturn in
oats-Paekers Sell Provisions, Thus
Weakening Market

Chicago, Aug. 1I.@SlcIhS over q
wide area and a forecast OF more rain
lead to a decided advance today IN
wheat. It was feared that threshing
and shipping would be tnterfered With
to a serious extent. Receipts here
showed a material falling off as COM
pared with yesterday. On the other
hand a fresh decline in Sterling eN-
change counted against the bulls
opening prices, which ranged from !.
Oft to rs up, with Sept. ct l.oi4 to
l.054 and December at 1.04A to los,
were followed by material gains all
around. and then a moderate setback.
The close was strong. with Septeul-
Der at l.o5a to 1865; and December
at 1858 to LOO, an advance OF Is to
Is net gain.
Corn swayed with wheat. Trade
was not heavy. After opening L TO L
higher, with September at 747s 10 I49s,
and December at 632s, the market
scored some farther gains before be-
ginning TO react.
Later the cool temperature made the
bulls little more aggressive. The
close was steady at 4 TO IS gain, with
September at 149s and December al
631s to 6S5s.
Less favorable weather brought
about a sharp upturn IN oats. On the
bulge selling increased.
Provisions.
Packers selling weakened provisions.
There also was considerable stop-loss
liquidation by miscellaneous holders.
Daily Grain Letter.
Furnished by Lamson Bros. 6 Co.
Masonic Temple. Phone 1881
Chicago, Aug. 1T.-Wheat-The de-
ferred deliveries in wheat regained
most OF yesterdays loss and the Sep
TENDER delivery more than regatned
the az cent 1t lost yesterday. Early
buying by commission houses and
cash handlers, and later covering by
shorts on prospects of unsettled wealth
er. were the factors in the advance.
News IN regard to export business
was contradictory, but the seaboard
confirms fair sales and intimated that
probably more had been done than re-
ported. Conditions in the northwest
We're generally favorable, but over
most of the winter belt unsettled
weather prevailed, causing further
damage to wheat in the shock and
again interrupting threshing. Cash
demand was improved in all markets,
both spot prices and premiums being
higher.
Corn-A return to unsettled weather
and the advance in wheat brought
half cent rally in corn. The cash sit
uatior continues strong with receipts
little IN excess Of daily requirements.
Shippers AMI industries have light
reserves, and are therefore in the mar
ket daily, competing for the moder-
ate receipts. The recent unsettled con-
ditiou in wheat has DISCOURAGED in
vestment buying and the volume of
trade has become largely professional.
Oa1s-Oats rallied with other grains,
weather conditions being more effec-
tive than numerous scattered reports of
heavy rhreshing returns. AS was true
Yesterday most of the 545 cars re-
ceived graded white or lower. Re-
ceipts were in good demand. most Of
the sales being a cent higher than
yesterday.
Provisions-Loca, stocks of contract
product as shnwr in yesterdays semi
monthly statement were construed as
bearish. Selling by packers and scat
tered longs. with little demand except
from shorts. brought a recession in
prices. Cash trade was reported slow.