Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-05-07
rhE scANmMEss OF OFFERINGS
TENDS TO SEND QUOTATIONS
SkYWARD
missouri WINTER CROP
~ - FURTHER IMPAIRED
csrn Advances With Wheat, But Buy
Ing 10 Not Of m Urgent Character
oa4s Harden Owing to Strength Of
okhsP Cereais-Wsakness In the Hog
Market osprsssss Provisions-Ex-
pps1 Cell 70 Small

Chicago, May 7-New high record
prices for wheat resulted today from
scantiness Of offerings and because OF
IN official announcement that the win
to show a hoped-for improvement. but
instead had undergone further impair
ment- Fears were aroused that SIM !
lar condition might be exhibited by
the government reports tomorrow as 10
the crop condition thruout the country
as a whole. In this connection II was
pointed out that the prospect Of the
movement Of new wheat has been serV-
ing as a balance wheel against foreign
and domestic demand Opening quota
lions, which ranged from The sans as
Saturdays finish to I cent higher, with
Nay at 21e and July at 2.2i1e TO 20
were followed by a decided advance al
around, carrying May TO Isl, cent
above any previous record
Buying ON the part Of houses with
seaboard connection led afterward to
additional upturn, which also received
impetus from decrease in the visible
supply total. The close was nervous
cent 10 tcA-S A@-S4-GA' "-NA- 40
at $3.50 and July at s2.25A to so.26A
Corn.
Corn rose with wheat Buying. how
ever. was not urgent After opening
unchanged to q cent of, the market
scored moderate general gains.
Oats.
oats hardened owing g IRE st-en CTR
OF other cereals. Demand came chiefly
from scattered commission houses.
Trade was almost entirely local The
close was unsettled at s cent OF 10
q like advance.
Provisions.
Weakness Of the hog market de-
pressed provisions. SnaIIness Of ex-
ports attracted some notice.
Lamson's Daily Grain Letter.
Furnished by Lamson Bros. & Co.,
eos Masonic Temple. Phone 1913.
Chicago. May 7.-Wheat-The gen.
erai public has been 80 continually
urged not TO speculate that there is
little interest in the market outside OF
the necessary trading which cash in
1erests are obliged to do. A good deal
of todays buying was credited 10 the
account Of the allied governments.
which easily advanced prices for all
deliveries. the May making new top.
Those we'll informed or crop condi-
tons assert that the government re-
port, to be issued tomorrow, will be
likely to reduce the total indicated
crop as compared with the estimate OF
May /. The visible supply now in
ciudes Canadian wheat IN the United
States OF on passage to visible supply
points. This accounts for the decrease
OF only 100000 bushels as the Lakes
increased 100000 bushels. a large pro-
portion OF which is on its way from
Fort William and Port Arthur to Buff
faIo.
Corn-Corn was extremely dull. The
May delivery was firm, however. and
showed a tendency to widen as COM
pared with the later months. The
visible supply Is decreasing rapidly and
stocks are becoming very light
Oats-The season Is very favorable
for oats, and the crop prospects large.
There now seems TO De probability Of
more rapid reduction in the visible
due to the splendid cooperation which
exists IN shipping circles thru the ef-
forts Of the national council Of de-
Tense