Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-30
ADVANCE LOST WHEN CANADIAN
ORDER HALTiho sPEcuLA.
TtoN IS CONSIDERED.
EFFECT HELD NOT TO
BE MERELY TRANSIENT
Corn swsys With Whsst But Fluetua-
tlens Are Relatively Narrow and
Trading Jsht-Great Falling on in
Volurns Of Business In Oats From
Last Weeks Trade.

chicago, April sa-sharp upturns
TODAY In wheat prices here reflected to
a considerable extent opinions ex-
pressed by many Graders that the bear
tsh effect Of supresdns grain specula-
ton in Canada would be only tran
Eent so far as markets IN the United
States were concerned. II was not
long, however, before more sober views
began to count and the fresh advances
were virtually wiped out There was
much earnueSt discussion as to the
possibility Of goverprnen emit measures
looking 20 a maximum limit being fSed
on domestic prices. UNavora'o4e
weather conditions in the spring crop
region had only q temporary hulhsh
influence. Opening prices, which
ranged from Il cent to 5 cents higher.
with May at s2.-5 TO s2,7s and July
at s2,eS!s to $50, were followed by
an additional jump OF cents in e1-
treane cases, but then a general fall
TIA, on some transactions went below
Saturdays finish.
Increased weakness developed later
Notwithstanding announcement thai
the visible supply total was the lowest
at this season in more than ten Years.
The entente allies were said to be
making no purchases and II was said
the Belgian relief had sufficient wheat
for the present The close was IN
settled at 31s cents net lower 10 z
cent advance, with May az SAT- and
July at s2.eSa TO s2.2s4.
&c ouk ,N.ok. .lcratoq ria - rfrrr
Corn.
Corn swayed with wheat. FIuctua-
tons, tho, were relatively narrow and
trade night After opening ! cent of
to like advance, the market hardened
all around and then urderwsn q gem
eral sag.
Rallies failed TO last The close was
heavy. at u cent TO ia cents let de-
cline.
Oats.
The volume Of dealings N oats
showed a great falling OF as oompared
with last week Like corn the market
was governed almost entirely by the
action OF wheat
Provisions.
Prov4s.ons averaged higher owing to
the quick absorption Of offerings.
Daily Grain Letter.
IFnnNhed by Lamson Bros. & Co, EOS
Masonic Temple. Phone 1887
Chicago. April as.-wheat-Re-
~s<,<a l.,
for seeding On the northwest and in
Canada were given as the causes for
q violent upturn in wheat early. The
market. however. tailed TO hold the
gain ard around midday, was little
changed from Saturdays close. Sta
tisticsans are busy figuring out q nb-
era2 supply for the remainder Of the
crop year. but meantime, supplies are
low and decreasing rapidly. The pros
poets for the United States visible for
the last is for a decrease Of alhoM
100000 bushels.
Corn--While corn did not fully SYM
pathize with the early bulge in wheat
Il was well supported by the May
delivery, when other grains broke.
Premiums for cash corn IN the spot
market were quoted l cent lower, but
al good grades are selling from cents
to 10 cents over May. Receipts over
Sunday were larger but not heavy be-
ing little more than local requirements.
oats-Seaboard interests were cred
tied with buying oats and their wants
were well supplied by LOCAL longs. The
trade Is anticipating liberal deliveries
ON May contracts tomorrow bun we'll
informed cash interests believe deliv-
cries viii be disappointing TO the bear.