Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-05-02
PEACE TALK STOPS
ADVANCE IN WHEAT
N1ANlCE1 AVERAGES LOWER
DE0elTE SHARP UPTURN AT
ONE TIME
sssonTs suMNo IN
oaAALl Iors LvFr VALUES
cssN Merely Reflects Action Of Wheat
aaa 0uoiNsss Lacks Volume - Oats
Likewise show No Independence Of
AseIsn and Trading 10 on Small
Seals@rovIsions Swing Upward.
Chicago. May Observation-Disclosures

Chicago. May Notwithstanding
sharp rally at one time. the wheat mar
lcet today averaged lower. Influenced by
continued peace talk. Trade was light
and mainly local. The temporary up
turn was due to efforts of shorts to
buy = small amount Of May. Quota
ttono on that delivery ran up II cents
in Q few minutes and for q short time
lifted other options to a material extent
but the effect soon wore Off Opening
prices. which ranged from 4 cent to
cents lower, with May at $2.55 to 1856
and July at $2.0s to $212, were followed
by rise to s266 for May and $2.1412
for July, and then a setback all around
to well below yesterdays finish.
In late trading great strength de-
veloped owing largely to word of the
postponement Of the speech IN which
the German chancellor was expected
to outline new terms Of peace May
jumped up II cents to S2.T2 and July
1874 cents to 2.22. The close was I'M
settled at gains of AZ to II cents net,
with May at 2.6s1a and July at 2.20A
to 2.21. ......
Corn.
Corn merely reflected the action of
wheat. Business lacked volume. Corn
after opening 1 and 1 u cents lower to
u cent up, scored gains of 21a cents in
some cases before undergoing a gen.
eral sag.
Oats were Influenced by the action OF
wheat and corn. Trading was light
The late bulge In wheat prices
brought about sharp advance in corn
The close was strong. 2ss to Az cents
higher than yesterdays latest figures
Provisions.
Provisions took an upward swing on
account Of the bullish showing Of ware
house stocks Of lard. Weakness in the
hog market was ignored
kamson's Market Letter.
Furnished by Lamson Bros. & Co, 203
Masonic Temple. Phone 1927
Chicago, May 2.-Wheat-A denial Of
the peace ru1nors Of yesterday had
much to do with q sharp recovery in
values today. The feature Of market
Is the scarcity Of trading which causes
an erratio and therefore very danger
Gus situation. Crop news Is not being
disseminated, but private reports in
dictate Iittle improvement In the pros
pect Tor . big crop. Ut is generally
said that tho plant shows up somewhat
better but the abandoned acreage is so
large rs to make almost certain small
crop OF winter wheat. Reports from
the northwest are more favorable with
better weather and seeding progress
Corn-The cash situation continues
70 dominate firm market. Premiums
are weu held, altho slightly lower than
yesterday but NO. grades are selling
around cents over the May.
Oafs-Oats have been erratic but re-
ceived support from cash interests The
pressure seems to come largely from
tho local sources. Under present crop
prospects It would seem likely that
new and old crop months would sell
at wider spreads than at present.
Range Of Chicago Grain Prices.
Chicago, May 2.
wheat-May opened at 2y65: highest,
:73; lowest 2.55; closed, 2!ssA, July
opened IT 2.o9; closed, 2.20A.
Cofn-May opened at 1.45; highest,
$50; lowest, Las: closed, $50; July
opened at 1888; closed, 1.42A.
Oats-May opened at $50; highest,
IS; lowest, 66A; closed. 6s; July
. opsned at OK; closed. 64h.
Chicago Grain Close.
J Chicago, May 2.
Waheae-No. 2 red, nominal; No 8
red, 400; NO. Q hard, ESQ: No. hard.
+ I'll.
CoGn-No. Q yellow, 1.5591.5s: No.
3 yellow. 1.s4@15sh: No. yellow,
$50.
oats-No. 3 white, se@70A; stand
4 ard. ss1t07oN.
Chicago Produce.
Chicago May 2.
sEy33,t.er-unchamge creamery e.-
ira, 50: extra firsts 377s tirsts, 35k1
81: packing stock, 2e63o,
Eggs-Unsettled; receipts. 41.05
.scases; at mark, cases included, 3OD
311s ordinary frsts. 30@301s; firsts,
31h@a2h.
Cheese-Un Unchanged: daisies, 2Sk
esA; twins. e5h @25%: young Amer
icas. 26@2ss; long horns 26d26k:
SWISS 2s@S6; brick, 23@23k.
PQultry-Ahve, higher; fowls, 221s.
Potk-Cash, $3.50; May, $780, July.
ssS5.
IArd-cash. 22.5o0 1850; July, 90 co;
September, 22.7o.
rms = Cash, 2o7o@21.15; July
c1n3A: September, 2130.
Rye No. 3, nominal
,sS Hnr4ey- @1.S3.
TSmokhy-6.00 @7.50.
.Eioyse-i2.00@1700.
chlcaao Potato Market,