Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-03-23
FINE WEATHER LIKELY TO PRO.
MOTE DOMESTIC WINTER
CROP ALSO A FACTOR.
EUROPEAN VISIBLE
SUPPLY INCREASED
Speculative Selling Depresses Corn and
Market Is Further BearishIy Affected
by Lack Of Outside Manufacturing
by Cash Interests Make Oats Rela-
lively Firm.

Chicago. March es.-Wheat eased
off today in sympathy with lower
cable quotations and because of fine
weather likely to promote the growth
Of the domestic winter crop. An IN
crease in the European visible supply
Counted against the bulls and so a.so
did the lack of any urgency ABOUT eA-
port demand. On the decline there
was some buying in resting orders.
After opening Is cent off &c !. cent
up the market underwent moderate
general setback, and then regained
most of the loss.
Reports that Hessian fly had become
a menace in many more places than
usual, tended afterwerd TO bring about
sharp advance. Besides, it was said
export sales at the seaport would reach
100000 bushels The close was strong,
21s to SIS cents higher.
Corn.
Speculative selling depressed corn.
There was a lack of outside inquiry.
The opening, which ranged from Is to
Il cent lower, was followed by an ad-
ditional sag.
The close was strong. Is to u cent
net higher.
Oats.
Buying by cash interests made oats
relatively firm. Shorts were also
active in covering IN soft spots.
Provisions.
Provisions were weak with hogs.
Packers seemed to favor the selling
side.
Daily Grain Letter.
FURNISHED by Lamson Bros. & Co..
Masonic temple. phone 1881
Chicago. March 23-Wheat: Wheat
opened easy and with scattered longs
selling out and local trade bearish soon
became oversold and responded readily
to bullish news. a statement by To-
cal crop observer TO the effect that
the Hessian fly was general prevalent
in the winter wheat belt and would
likely create some uneasiness later in
the crop year. liberal export sales at
the seaboard, estimated at 100000
bushels. and complaints of low quality
wheat from the Argentina were the
factors in the upturn which ended with
an advance of 21s cents to ga cents.
The feature of the day was the buy
ing of both May and July wheat by
cash houses.
in corn when the market turned strong
in ympathy with other grains. Cash
demand was little improved and was
about on q par with days when the
market was declining. Export trade
was slow and no sales TO the sea
board were reported. The upturn which
resulted in a net advance of IS @ q
was largely sympathetic. Chicago is
out of line on cash business and the
situation. so far as the May delivery
is concerned will remain heavy until
cash business is attracted to this mar
ket.
Oats-The advance in oats was about
the same as that in corn and the mar
ket action correspondent with that IN
other grains. Local traders pressed the
selling side early, their offerings being
absorbed by cash and commission
houses. A good demand existed for
spot oats and offerings we're cleaned
UP at a good advance over yesterday.
A fair demand from the seaboard was
reported but no definite quantities
could be ascertained.
PROFESSIONALISM easier hog market
and some scattered liquidation result
ed in decline in provisions early. The
market turned strong on scattered
buying, together with local short COW
ering and at the close was firm az
| moderate gains from yesterday. a
slight improvement was noted in the
cash demand.