Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-03-03
sDRlTieh TRADERS FAIL TO TAKE
NOTICE OF DECLINES IN
DOMESTIC MARKETS.
COMMISSION BUYING
MAKES CORN STRONG
Offerings Of the Cereal, However, Are
Rather Scarce - Oats Ascend With
Other Grain, With Export Houses
Doing the Main Buyine-Provision
Weaken Under Free Selling.

4. Chicago, March S-Wheat prices
y turned upward today, Influenced by the
failure of the Liverpool market to re-
fleet the declines of the American mar
ket yesterday. Bulls were concerned
chiefly in disproving that American
growers We're boarding reserves. The
4 opening, which varied from ! to 21a
cents higher, was followed by some
further gains, and then a moderate
setback
The reaction wiped out later all the
advance but the market SION hardened
again. Export sales today We're said
to amount to 1000, 900 bushels. Asser-
tons that England had purchased the
entire Argentine surplus crop for 1916,
had bearish effect later. The close
was weak, but l Is to cents bove last
night
General commission buying put
strength into corn Offerings were
rather scarce. After starting Il to q
cent higher, prices continued to ascend.
A sag ensued when wheat had a tenn
porary drop. Seaboard demand, how
ever, led 20 a rally. The close was I'M
settled at 11s to ia to IA cents above
last night.
OaSS.
Oats climbed with other grain. Elk
port houses were buyers.
Provisions.
Free selling, presumably by pack
ers, weakened provisions. Most of the
/ unloading was Of pork.
Daily Grain Letter.
FURNISHED by Lamson Bros. & Co.,
No
Chicago. March 3.-Wheat-The
liquidation Of long wheat Of the past
few days left the market in a position
to respond easily to favorable news.
Liverpool disregarded our weakness
and spot wheat there was reported un-
changed. Cash houses here were liber-
al buyers and the demand for wheat
ut the seaboard was reported good,
with foreigners said to have taken
Loco, 900 bushels. A small quantity
was reported by a Chicago house at
fhe best premium over May on the
crop. The progress of the allies in
forcing the Dardanelles will have an
important bearing on wheat values.
Corn-Corn was again strong, with
some scattered commission houses
buying and heavy purchases by inter-
ests which have been responsible for
the recent advancing tendency. At the
close prices were 1 Il above yesterdays
finish. Private estimates of light farm
reserves ard an improved foreign and
domestic demand were the features Of
strength. Demand in the spot market
was good and prices advanced with the
futures, receipts Of only 40 cars sell
ing to IL cents higher than yester-
day. Discounts for cash corn narrowed
still further.
Oats-The reports Of urgent foreign
demand with sales at the seaboard es-
timated at 100000 bushels and local
sales probably exceeding this figure
{, had much to do with an advance of
: IL cents for the day. Shorts were
free buyers IS the result of the cash
demand and or account OF the strength
I in other grain markets.
! Provisions-Provision recovered an
1 early loss and closed at little change
{ from yesterday, altho most of the list
| showed small advance. The prin-
4 cipal buying was by shorts while pack
/. ers were credited with sales of July
pork around top prices. Cash trade
is reported quiet.