Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-05-29
STRENGTH OF CORN CARRIES
WHEAT AND OATS TO
HIGHER LEVELS.
OFFERINGS
OF CORN ARE scANTY
Wheat Prices Ascend Owing to
ekrsnsth of Coarser Grain-Oats
Likewise Harden With Corn and
ssllers Aro Scarce-Provisions Also
Fellow General Upward Tendency.

Chicago. May 29.-Wheat prices de-
,eloped strength today owing to de-
,ided upturns in the value OF coarse
grain. At first however. the wheat
market was inclined to sag on account
If a bearish crop estimate from Mis-
souri,. Trade was only Of scattered
character. Opening prices, which were
UNCHANGED to IN cents lower, with
July at s2.021s to s2.03 and Septem-
Der at s1S3, were followed by a rise
all around to well above yesterday
finish.
Later the market eased off a little
as a result Of reports that continued
cool showery weather was bringing out
the Kansas crop wonderfully and that
Yields were likely to be larger than had
been expected. The close was uns ettled,
2h cents lower to 111 cents advance.
with July at 200. and September at
1881.
Corn.
Unexpected scantiness OF offerings
from the country led to a rush on the
part of shorts to buy corns. Even deal
ers who believe in ultimate lower
prices believed that yesterdays selling
had been overdone. After opening 70
cent to 24 cents higher, prices scored
further gains and then underwent
something Of reaction.
When the wants Of the SHORTS had
been supplied leading houses became
activa sellers and forced a setback in
prices. The close was heavy at Is TO
"a cents net decline.
Oats.
Oats hardened with corn. Sellers
were scarce.
Provisions.
Provisions like wheat and oats fol-
lowed the lead Of corn. Shorts found
little for sale when they tried TO cover.
Lamson's Grain Letter.
FURNISHED by hanson Bros. & Co.,
203 Masonic Temple. Phone 1881
Chicago, May 29.-Wheat-Recen
observations by crop experts indicate
a material improvement in winter
wheat, while no complaints Of conse-
quence are being received in regard
TO the spring crop. We have reached
the first OF June without serious short
age Of breakstuffs and there is every
indication that supplies Will hold out
Until the new crop Is ready. 1t is
true, of course, that we are much be-
low the normal stocks at this season,
but those III position to know claim
that the high prices this year have re-
suited In such economy that the per
capita consumption for the last year
will be at least three quarters of
busheI under the average.
Corn-Corn was held firm early by
short covering and by traders who
hoped to see a rally the Gay before
holiday. Their expectations were
however, rudely shattered. The late
weakness resulted from reports from
Omaha and Kansas City that car lots
were in very poor demand and from
the posting Of Chicago receipts at over
900 cars as against early estimates fo4
$50 cars. While, of course. a good
portion Of our receipts are being ap-
piled on former contracts they are
nevertheless gradually catching up with
the demand and it viii be no surprise
to see a severe decline should receipts
some day exceed requirements by only
few cars.
Oats-The same conditions that
broke corn depressed oats. There are
plenty Of oats in commercial channels
and crop prospects continue highly
favora BILE.