Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-10
EARLY MARKET INCLINED TO
TAKE DOWNWARD COURSE
BUT SELLING IS scANr.
DECREASED STOCKS
LATER LIFT PRICES
Corn Develops Firmness Because Of
Readiness With Which Offerings Arc
Absorbed - Early Trading 10 Gov.
erned by the Course Of Wheat-Buy.
inc Of Oats IL Scattered.


belt gave the bears today an advant-
age in the wheat market here. Sell
ing, however, is not enthusiastic and
declines were soon checked. De-
creased stocks tended to bring about
rally. After opening % to / v cents
lower. prices gradually recovered to
about last nights level.
An important element in the later
trading was the apparent timidity
which spectators showed in regard to
taking to the selling side. At one time
the absence Of offerings brought about
something of a bulge. The close was
unsettled, Y off to IS up, compared
with last night.
Corn developed firmness as result
Of the readiness with which offerings
were absorbed. At first the market
had a downward slant owing to the
set back in wheat. The opening was
Is to q lower, but raise to slightly
above last night followed.
Later the market reacted owing to
slowness OF cash demand. The market
finished steady at 1s and u to IS and
u net decline
Oats.
Buying Of oats was scattered. Ac-
cordingly the market had an easy
tone.
Provisions.
The advance in hog prices had a
oracing effect on provisions.
Daily Grain Letter.
furnished by Lamson Bros. & Co.,
Masonic Temple. Phone 1891
Chicago, April 1o.-Wheat-Despite
liberal rainfall and failure CT Liverpool
TO respond to our strength Of yester-
day, the market quickly rallied from
an easy satrt. and was strong thru
out the greater part OF the day. Week.
end realizing near the class brought
sharp break from the high point, and
final prices were y cents lower to "
higher. Strength in other grain mar
Sets and local shorts covered wheat
over Sunday were principal cause for
a firm market. Export clearances were
again liberal. Statisticians figure that
we are now working On our domestic
surplus and that further foreign buy
ing will be distinctly bullish influ-
ence.
Corn-Fresh buying power after a
little 1uIlueT local SllOIL CONSIlLS was
lacking in the corn market which
weakened late in the day and closed n
OK to SOL lower. Liverpool was
higher but domestic business was light
and cash sales of only 5000 bushels
were reported. On the early bulge
country offerings showed a tendency
to revive and some small quantities
were reported bought to arrive. On the
bulge Of yesterday and today there
was some liquidation Of May corn and
the pressuref rom this source Is likely
to prove disappointing to those who
are bearish in account of heavy sup
plies in Chicago.
Oats-May oats gained little while
the later deliveries were easy. Buying
of May by one Of the leading cash in
terests and reports Of export demand
held the nearby deliveries steady. while
better weather conditions over the belt
for the growing crop caused the pres
sure on the later months. Export
clearances were fairly liberal at 49,
600 bushels and support to the market
must come from this scource.
Provisions - Provisions again adj
yanced sharply on short covering and
J little scattered investment buying.
Hogs were higher and the market had
the appearance OF being oversold AS
was the case yesterday, the bulk of the
offerings came from smaller packers
Ind scattered holders