Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-07-02
Appl11 oNAl DELAY IN HARVEST.
ING OPERATIONS STRENGTH
EMS MARKET.
JULY OPTION SHOWS
ESPECIAL STRENGTH
Corn Responds TO Strength in Wheat
and Evidence Of Brisk Demand
Urgent Call From seaboard Gives
Oats Decided Uplift. Provisions
SAD Because of Weakness in Hogs.

Chicago, July 2-Unsettled weather,
threatening further delay to the har-
vest Of the domestic winter wheat crop,
led to advance today in the prices OF
wheat. The July option especially
showed strength owing to scarcity or
deliveries and current contracts. De-
mand came chiefly from short inter
ests. After opening IS 10 2. off, the
market scored material gains.
Subsequently, reports that 100000
bushels. mostly new crop, had been
disposed OF to the French government
helped further to encourage the pulls.
so also did predictions that much OF
the new winter wheat would prove 10
De of poor quality The close was
strong at rs to AS cents net advance.
Corn.
Corn responded TO the strength in
wheat. Besides, there was evidence OF
good cash demand. The opening. which
varied from i to u lower. TO a shade
advance, was followed by an upturn.
The readiness with which country
offerings were absorbed helped TO sus-
tain the advance. The close was firm
a and IS to IS and "a cents above last
night.
Urgent call from the seaboard gave
oats a decided lift.
Provisions.
Provisions sagged, owing 20 weak
ness in hogs. Western receipts Of hogs
showed a big increase compared with
the corresponding time last week and
year ago.
Daily Grain Letter.
FURNISHED by Lamson Bros & Co.,
Masonic temple. Phone 1881
Chicago, July 2.-Wheat-Some
farther demand for old wheat and the
delay in harvest caused by rains in
the southwest created an uneasy feel
ing on the part of shorts. especially in
the current delivery. A better demand
for new wheat for export and re-
newal of bids from the seaboard for
old wheat had an important bearing
on the situation. Further acuteness
probably will be witnessed until
liberal movement of new crop wheat
of contract grade is in sight.
Characterization in corn We're little
changed from those of the previous
two days, the market advancing sharp
" early and holding most Of the gain
at the close. The sharp reduction in
the visible supply can be better under
stood when it is realized over 10000
600 bushels have been exported dur
ing the year ending July !, half of
which has cleared since the first Of
March. Argentine freights were sharp
Nv higher and corn from the country is
not offered at so reasonable prices as
quoted last week. A good demand is
reported In the United Kingdom and
prices in Liverpool were quoted Id
higher.
Oats-Congestion in the July de-
livery caused an advance Of "a cents
in that delivery while the deferred
month gained only u to g cent due to
general belief in a magnificent crop
prospect. There were, however
numerous complaints. especially from
Illinois. Iowa and South Dakota of
reduction in the prospect, on account
of smut, weather and heavy growth
being favorable for its development.
On the sharp advance in July, offerings
of old oats to arrive increased but
mostly in small scattered lots.
Observation-Disclosures hog news and
monthly statistics on stocks Of pro-
visions led to free selling of produce,
which resulted in decline in the en-
tire list. Private reports complain of
the pool quality of hogs now arriving.
Cash trade was reported as only fair.