Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1903-10-31
ToDAY's MARKETS.

Ts
Furnished blythe Donovan Commits.
| sion Company of, st. Louis, Mo, w. E.
Pilling, Broker. Rooms Is and 10
Leighton building
| New York, Oct 30.-The stock mar
ket today has been practically stag
nant and the fluctuations are very
small. There has been heavy tone
throughout the greater part of the
dealings, but there has been no selling
to amount to anything. On the other
hand the buying of stocks has largely
been professional and there seems to
be general disposition to await more
definite news on the bank statement.
That the same will be a bad one is
generally believed but it is not i'm
probable that it will be better than
expected. There is scarcely any one
of them presents any definite feature.
The railroad list shows very little
change, no animation and fairly good
undertone. Some of the industrials
exhibit ia weakening tendency. notably
Pressed Steel Car and the tone in
| that quarter is not SO good. The steel
stocks are fairly we'll held, although
the preferred stock was under some
| pressure after the opening. Amalga-
mated Copper is steady. Griese sold
Republic Steel this morning, Harris
Gates & Co. buying. One hundred
New Orleans this morning. There is
much criticism on Pennsylvania ac-
ton in heaping new burdens on the
money and security market at this
time and the $20.000,0O0 new bonds is
sue is taken as an Indication that rail-
roads will be found in the market for
money for some time. Gold imports
are likely If money rates work much
higher. The Montana copper suits will
probably go to the superior court on
appeal today and decisions are ex-
pected before December. Louisville &
Nashville has contracted with Tennes-
see Coal and Iron for $4,000 tons steel
rails. Steel corporation earnings for
year are expected to reach $4,000, 900.
Taken as a whole the market no long
er responds to bad news and nothing
except some great calamity is likely
to put prices down more than point
or two. Persons who buy on setbacks
will probably make substantial profits.
Very narrow margins should be suffi-
Gent although pronounced upward
movement is not looked for at once
Daily Grain Letter.
Chicago, Oct. Wheat-The wheat
| market was again very dull. but most
of the trading was of a scalping char
acter. News from abroad was rather
bearish, Broomhall estimated the Au-
trallan crop at 10000 900 as against
| l2,4o0,00O last year and As, 000. 900 bush
els as the largest previous crop. This
estimate was generally regarded as too
high, as the harvest there does not
begin until well into December. The
only feature to the trading was the
selling of nearly 100000 bushels of
| May by Armour. it being fairly we'll
taken by kidston and the pit crowd
After this selling the market rallied
from the low prices on profit taking
| by shorts and the announcement of
the weeks clearances. New York
reported 20 loads taken for export.
| Local receipts today. 80 cars with one
grading contract. Estimates for to-
| morrow are given as IS cars, with one
| grading contract. Estimates for to-
| morrow are given as 95 cars. North
west cars, receipts today, We're S34,
against 66S last week and $50 last
year. Clearances $4,000. Primary
receipts today, 1.1O2, 800, against ILL.,
100 last year, and shipments 493, 900,
against 4l5,S0o last year.
Corn-Corn opened lower and weak
in sympathy with Liverpool and local
wheat market ruling dull with no sig
ni1icant trading. Market ruled dull all
day, but shortly showed better feeling
on fairly good cash demand and OUT
side buying, closing steady. Cash
sales, $4,000, and eight cars reported
for export. Local receipts We're $50
cars, with "a grading contract Esti-
mates for tomorrow, ass. Clearances
$1,000. Primary receipts today, 5S5,-
500. against 2S3,40e last YEAR Ship
ments, 5o9,loo, against $4,000 last
year.
oats-oats were rather heavy. but