Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-03-31
FAILURE OF EXPECTED MolS.
TURE IN NEBRASKA STRENGTH.
EMS MARKET.
WAR OUTLOOK ALSO
6uLLISA FACTOR
Corn Prices Harden in Sympathy With
Frmness of Wheat Market-Oats
Show independent Firnness. With
Good Demand From East and South
Provisions Upheld by Hog Strength.


over the failure oC expected rains, es-
pecially in Nebraska. gave an advant-
age today to the bulls in wheat. Senti-
ment in favor Of higher prices was also
ENCOURAGED 10y the war outlook. Nd
vanCes. however. We're checked in a
measure Ivy predictions of showers in
Kansas. Opening quotations which
ranged from J. cent off to |. cent up,
with May d: SIa52s to $l.96. and July
at <l.6&i, 10 $l.G4, were followed by a
substantial! rise all around and then
4 moderate reaction.
Weather predictions FOR the week he
ginning sunday: Plains states and
upper and middle Mississippi valley;
Generally fair with temperature below
seasonahly normal.
TIE Oklahoma crop report showing
an Improvement Of five points during
March counted later as factor IN
lowering, values. There were also ad-
vices that work in the Canadian spring
wheat belt was one 70 three weeks
ahead Of normal The close was I'M
settled at l.95 to 1881. for sAlay and
lS4l, TO l.64,. for July, with the mar
ket as a whole ranging from ! cent
decline 70 Ike advance.
Corn.
Corn prices hardened N sympathy
with the action Of wheat. There was
a noticeable absence Of pressure 10 sell.
higher. the market scored additional
gains but then underwent something
Of a sag.
Talk Of SIS hogs before fall pre-
vented any lasting setback in corn
prices The close was strong at Il cent
10 - cent net advance.
Oats.
Oats showed independent frmness.
Eastern and southern demand was
good.
Provisions.
Strength OF hogs upheld provisions.
Daily Grain Letter.
Furnished by Lamson Bros. & Co, 2o3
Masonic Temple. Phone 1891
Chicago. March 3I.-Wheat-The
wheat market was irregular and the
action was contrary 10 what might
probable rains IN parts OF Kansas led
to a considerable volume of selling In
the new crop deliveries. The buying.
however, was excellent. especially in
September, where foreign governments
were thought to be absorbing some of
the offerings. The May and the de-
ferred months tended 10 narrow their
difference, because spreaders with good
profits were selling the May and buy
ing in July and September. Some sx-
port business was worked but not re-
ported up 10 the close. and premiums
were said 10 be the highest on the crop.
Corn-Corn showed remarkable firm
ness, even when wheat was weak.
While there Is thought 10 be a good
! deal Of corn IN country elevators, it is
arriving at terminal points in such
small quantities that Industrial inter
ests are not adequately supplied. hence
the cash Is holding a premium over the
May. While export shipments are not
usually sufficient to be a factor they
have. so far this season. been 100 per
cent more than for the corresponding
period last year. and, taken with the
amounts shipped out in the form of al
cohol, are undoubtedly Z factor in the
small visible supply.
! Oats-Casn houses were good buyers
| II oats futures today and. only for the
easiness in wheat, the market probably
would have done better. We believe the
technical position has been strengthen
ed by heavy realizing sales today.