Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-04
MARKETS GENERALLY sULLlsH-
w AFFECTED BY WAR
MEASURES.
WHEAT PRICES MOUNT
TO ABOVE g MARK
Corn Advances Sharply With Wheat
But Realizing Salss Become Free on
The 1ulse-oats sympathize With
Course Of other Grain With Tran
saetiens on Unusually Large Scale.


provisions jumped to new high record
prices today Influenced by the war
measures being taken up at Washing
ton. Trade was OF broad proportions
and at times excited Rains in Nebras-
ka and Kansas did good deal TO
check any bulHsh sentiment as TO the
wheat market Nevertheless the mar
kot scored for the first time IN many
years above 81 bushel. May reached
s2.0l. At this point, however, leading
houses advised profit taken because OF
the prospect Of the government taking
over control Of the markets. Opening
prices, which ranged from 4 cent of TO
10. cents UP, with May at 81 and sol
and July at 31.sS to S1.6s. were follow
ed by slight additional gains IN some
cases. Afterwards there was tenden-
cy to reaction, altho Quotations were
rapid and wide.
Later prices dropped TO we'll below
Mondays finish. Downturns IN the
New York stock market had tenn
porary bearish influence but renewed
demand hoisted prices. With late deal
ings the possible seizure OF German
ships IN the United States and that
Austria would break with the United
States and the chances Of dispatch OF
a United States eHpedittonary force
TO Europe. caused the market to close
wild IL to 27s cents net higher with
May at 2.0lh to 2V2 and july al i.IG2a
to 1.70h.
Corn.
Corn rose sharply with wheat. Of
ferings were extremely Light at the
start, but realizing sales were free on
the bulge. After opening rs cents TO
1& cents higher. the market swung
wildly, but for the most part backward
Scarcity Of offerings later brought
about a fresh advance, SURPRISING the
early rise. The close was strong at
81 to so cents net advance.
Oats.
Oats eympathized with the course OF
other grains. Transactions were on an
large scale.
Provisions.
Fresh advances in the hog market
helped provisions to ascend Pork led
the way up.
Daily Grain Letter.
Furnished by Lamson Bros. & Co., 2os
Masonic Temple. Phone 1881
Chicago. April 4.-Wheat-New high
prices for all deliveries of wheat were
made early today. The volume Of pro-
fit taking was sufficient to check the
rallies up to noon but the market was
not weak. Kansas and Nebraska re-
ceiyed scattered precipitation which en-
moderate selling. Cash wheat
was In good demand except
that Minneapolis complained Of diff
Guilty in disposing Of low grade consign-
ments. Goodmans figures on winter
wheat condition are lower than those
of other experts at 7o.s or the lowest on
record.
Corn-Realizing sales checked the
advance in corn futures which were
strong largely because of the insistent
demand for cash corn which maintained
wide premiums over the May. The en-
traordinary demand for cash corn which
is being used In greater volume in COM
mercial channels than ever before is
sufficient justification for prevailing
price levels.
Oats-Reports Of purchases Of Ca
madam oats by seaboard exporters
checked an early advance and made
oats relatively weaker than Other
grains. Canada probably has no great
surplus and pressure from this source
Is likely to be only temporary.
Wagner's Grain Letter.
FURNISHED by e. W. Wagner & Co..
over "a East Main Street: Phone 1919. !
Chicago, April 4.-Heavy selling of
all grains by local dealers. who will
evidently await break on which to
place Is the feature of Wednesday. We
look for two sided grain market on
Thursday, with evening up by shorts
against the Friday holiday, Good-Fri-
day