Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-02-26
MAY WHEAT REcEDES TO W.
CENTS BELOW THURSDAYS
CLOSING FIGURES.
OPENING OF STRAITS
RESULTS IN UNLOADING
Corn Tumbies as Result OF Break in
Wheat and Market rs Chiefly Char
aeterized by Lack Of Support-oats
Fully as Weak as Corn, Prices Drop

Chicago, Feb. 20. - Wheat dropped
rs cents in the May option today IN
der excited selling due 20 reports that
the outer defense 20 the Dardanelies
had been silenced. The break was in
the face of an announcement that for
eign government had cab,ed Chicago
asking offers on 100000 bushels.
chiefly No. 2 hard winter, TO be shipped
within forty days. The request was
from country that would be directly
benefited by the opening OF the Darda-
nelles. The opening, which vas Pa to
IS cents under last night, was fol-
lowed by rallies OF | cent or more, but
then came fresh breaks With subse-
quent reaction of lesser vigor.
Assertions that some spot cash wheat
was being sold to the seaboard had a
steadying effect after May had dropped
7ss cents The close was unsettled. ;
to 4zs cents lower.
Corn.
Corn tumbled as resui. Of the
break In wheat. The rnarke, was
chiefly characterized oy the unusual
lack Of support. After opening a q -
tinued unchecked, but by no means as
severely as in wheat.
The close was unsettled, 3. TO Is
cents net lower.
General liquidation extended TO oats
as well as TO other grain. Contrary
to what has recently been the case,
oats today were fully as weak as corn
Provisions.
Attic provisions at first showed an
upward tendency, the break in cereals
quickly led TO reversal OF sentiment
This was especially the case in re-
gard to pork.
Daily Grain Letter.
furnished by Lamson Bros. & Co.
Masonic Temple. Phone 1881
Chicago. Feb. o6-Wheac AItho
news dispatches reported pro-
progress made N reducing the
forts az the entrance OF the
Dardanelles. this news was Offset
by a firm tone in the Liverpool spot
market, which was unchanged to !
cent higher. The local market was,
however. demoralized BY urgent selling
and the opening at severe declines
from yesterday. Buying on the break
by cash interests and thu confrma-
ton Of large export business
brought rally, closing prices being 3
cents to AS cents under yesterdays
final figures. There were inquiries here
for large quantities of wheat, IN fact
much more than is available.
Corn-Continued liquidation in corn
caused an early break TO new low ag-
ures on the present Gown turn and. not
until liberal export sales we're reported
from Baltimore did The market show
any raliying power OF consequence. The
sea board is evidently vel, supplied
with corn as buying here by exporters
against reported export sales of 500
900 bushels could not he discovered.
There is, however, a slight improve
meut in the domestic demand.
Oats-Not until prices had declined
over cents under last nights close
was there any atten ton paid to expor,
sales. The sales were said TO aggre-
gate !, 400, 900 bushels and sales by To-
ca. handlers were probably more thar
half of that amount. Standard oats
sold az sample tables at May price &c
Il under. Recent takings by foreign
ers have been very large and are said
TO be for prompt shipment
Provisions-Coyered a wide range
being carried sharply lower by heavy
liquidation. The early loss was recov-
cred and the market closed steady a
moderate advances ali around. Pack
ers were fair buyers Of ribs on tins
break and scattered investors were
buyers Of all products. better tone
to the late hog market no doubt in
fuenced some buying BY stock yards
iuSo Cash trade drill