Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-05-27
EXCESSIVE RAINS
Turn PRICES UPWARD
) WHEAT ADVANCE IN MORE Ac-
TIVE OPTIONS BECAUSE OF
WET WEATHER.
PAlcEs FOR MAY AFFECTED
~ LARGE SHIPMENTS
Lvsspeei Fails 20 Respond to Wsdnss-
days Decline on This Sids-Serious
Advance Prices - Acreage in State
liIsly 20 b curtaiIsd.

chicago, May c7-Excessive rains
that meant serious injury to crops gave
strength today to the more active de-
Nveries OF wheat The May option.
In which trade was almost at stand
still. proved weak as the result OF
large shipments on the way here to be
rendered on the current months con-
tracts. Prices for July and September
were comewhat affected by cables be-
ing unresponsive to yesterdays sharp
decline on this side Of the Atlantic.
The market here, after opening ! cent
off to cent up, scored further mater
iaI gains on the deferred months.
A subsequent break in quotations for
May pulled down prices for the rest Of
the list to some extent but the new
crop months rallied. The close was
steady, 81 down to y up, compared
with last night
Serious complaints as to field condi-
lions in iowa had a bullish Influence
on corn 1t was said the planted acre
age in Iowa might be greatly reduced.
Opening prices which varied from IS
and u to 1s higher. were followed by
an additional upturn.
a little reaction which resulted from
the setback In wheat was not of a last
ing force. The close was firm at 1
to l11- net advance.
Oats
Oats developed frmness with other
cereals Advances, however, were rel
etiyely small
Provisions.
Provisions took the same course as
grain. An upturn in the hog market
was . decided help.
Daily Grain Letter.
FURNISHED by Lamson Bros. & Co,
Masonic Temple.l
Chicago, May observation-disclosures
interests continued today to sell May
wheat which at one time was over 1Sc
below the high figure of yesterday. AT
sone period It became so depressed that
cash demand appeared in sufficient
volume to absorb the offerings which
was considerably cheaper than cash
wheat in any Of the outside markets.
The May however lost SC for the day
and YVES the only speculative counodi-
ty which closed lower than last night
Cash demand locally showed consider
{ bushels reported, while the seaboard
reported LOGO 900 bushels sold for ex-
port. The deferred deliveries were
strengthened by con inued wet weather
twith more OF the same in prospect for
the next two days.
{ Corn-Complaints Of unfavorable
crop conditions. accompanied by buy
ing orders resulted in sharp upturn
for corn. most OF which was held at
the close Further bad weather in the
rgentine also contributed to firmness
in liverpool and in our market. Cash
sales over night were fairly liberal and
primary receipts are very light for this
period Of the year. There is little pros
pect for an increased run as bad
weather has postponed farm work SO
that planting, replanting and cultivat-
ing will have to be taken care of at
the earliest possible opportunity.
Oats-There was sufficient commits
sion house buying of oats to Offset the
pressure Of local selling and prices at
the close were moderately higher. Ex-
ceseive rains are said to be causing
some damage to oats but crop reports
are generally favorable, the cold wet
weather at this season being beneficial
| Domestic demand was rather slow but
]. country offerings are very light and a
continued small run is anticipated. Ex-
port clearances were again heavy at
$4,000 bushels and from reliable
sources 1t is learned that large quaint
ties have been sold to foreigners for
shipment between now and harvest.
Provisions-Buying by packers who
have been short lard and ribs and by
the leading bull interests resulted in
fair gains in the entire list. A further
advance in hog prices and the good
export demand for meats were the
principal causes of the advance. Some
Improvement was also reported in the
Z demand for lard.