Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-09
sHoWERs IN DISTRICTS EAST OF
MISSISSIPPI CAUSE BREAK
At OPENING.
BUYING ON BREAK
RESULTS IN RALLY
Corn Eases on With Wheat But Good
Cash Inquiry Brings About an Up
turn-oats Hold Relatively Steady
With Pit Traders Only Sellers
Higher Hog Prices Lift Provisions.

Chicago, April a-Showers in dry
districts west Of the Mississippi had
bearish effect on wheat today. Lower
Liverpool quotations tended also to act
against the bulls. Buying improved on
the break, however. and led to a good
rally. After opening u to 1E cents
down the market steadied.
Corn.
Corn eased off with wheat but good
cash inquiry soon brought about an
upturn. The opening, which varied
from a shade to u lower, was followed
by a moderate gain all around.
An additional advance took place
later owing to commission house buy
ing of speculative kind. The close was
firm at a gain of Is to N cents net
Oats.
Oats held relatively steady. Pit
traders were the only sellers.
Provisions.
Higher prices for hogs lifted pro-
visions. Report that shipments of live
stock from Chicago would be generally
resumed next week helped to strength
en- the market
Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
Masonic Temple. Phone 1881
Chicago, April e.-Wheat - Wheat
started weak with weather more IA
vorable and lower cables. Buying on
resting orders commission houses
aud by shorts on the strength in other
grains resulted in sharp rally and clos
ing prices were IS cent to cents high
ca. Heavy clearances, bringing the
resting orders by commission houses
total on the crop up TO over $4,000, 900
bushels emphasized thief act that our
remaining surplus Is small and rapidly
diminishing. The prospect Of bullish
statistics on Monday with another
heavy decrease in the visible in sight
ing peace talk.
Corn-Covertng by shorts was the
feature in corn. The majority Of the
shippers reported no improJ ement In
domestic demand and no export sales.
Local industries were fairly good buy
ers but aside from this the cash mar
ket was dull. There were, however,
liberal export clearances and the total
from North America for the week has
oeen over 1900, 900 bushels. This and
the continued light run in the west
had much to do with the change in To-
cal feeling. Today's rally, due almost
entirely to an oversold condition in
the market was natural.
Oa,s-Oats, which were strong on
the two previous days while other
grains were easy, We're firm today but
failed to gain as much as wheat and
corn. Profit taking on tho advance
held the market in check. Reports of
a large cash business were current but
could not be fully confirmed It is esti-
mated the northwest has made sales
Of about 100000 busnel to the sea-
board in the last few days and, while
the seaboard reported some export
business working, no details were
given out Weather over night was a
little more favorable for the growing
crop.
Provisions-Closed firm at fair gains
in the entire list. Hogs were in good
demand and an improvement was no
ticed on the cash meats market. Pack
ers were credited with buying ribs and
local shorts with buying pork. Some Of
the smaller packers and scattered
longs were the principal sellers. Some
of the advance was no doubt due to
strength in grains.
Later. assertions that the growing
crop in Ohio, Indiana and southern Il
1inois was lacking in top growth. did a
good deal to cause an advance. So, too,
did the outlook for liberal decreas Sc
Monday in the visible supply total.
The close was firm, Is to cents net
higher.