Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-12-20
MARKET NOTES

A heavy movement or southwestern
calves to the cornbelt for maturing
purposes has been recorded this season.
Kansas has taken more than usual,
Illinois has increased it's purchases and
Indiana and Ohio have taken about the
usual number. The movement will az
gregate about $4,000 head. and prices
ranged from $26@32,5o.
The friends of corn were astonished
along with others in the trade because
Of the strength displayed by that grain
yesterday. The movement Off the farms
and out OF country elevators is not
keeping up as large as looked for. and
on this there was considerable buying
yesterday.
Fifty thousand hogs daily is the
regular supply at Chicago now. The
first half Of this week registered the
arrival of 10000 and that last weeks
record will be broken is probable. All
around the market circle the horizon
wears hoggy appearance, but the
movement savors Of liquidation and
means spring and summer scarcity. The
present movement rs freighted with
lao to 190-lb shoats, while there Is an
unreasonable scarcity Of heavy weights.
The break this week may check the
marketward movement. but the country
is In selling mood. In three days this
week the eleven principal primary
points have received 100000 hogs,
againt $4,000 last week and 10000 a
year ago. and the figures speak for
themselves.
Low grades Of cash corn slumped
badly in Chicago and most Of the west
ern markets yesterday. due to there be-
ing too much of it as compared with
the total receipts. Local elevator inter-
ests were practically out Of the mar
ket yesterday, as they have a suffi-
cient quantity bought to keep their
dryers going for some time the glucose
people taking the bulk Of the offerings.
The great discounts at which the low
grades are selling as compared with
December and the No. has caused the
country to hold back offerings. as there
is more money to be made feeding No.
corn to hogs than shipping it to mar
ket and receiving a net return Of 500
55c.
Cash values at Chicago were UNI
changed to &c lower yesterday, with
shipping sales of 10000 bu. st. Louis,
Kansas City and Omaha were UNI
changed to 1c lower Milwaukee h@1c
lower and Minneapolis nc lower, the
latter market reporting a good shipping
demand from Milwaukee and Chicago.
Peoria was u % Nc higher.
About so per cent Of the receipts Of
hluestem No. l northern wheat Mime
apolis yesterday Of the soft Minnesota
variety and were slow sale at &c under
May while the hard Dakota grain
brought up to W. under May. Velvet
chaff sold at " @2c under May.
There was little activity shown in
the winter wheat markets yesterday,
st. Louis being unchanged to nc low
err. Kansas City unchanged. Omaha n
q nc lower and Milwaukee unchanged.
Milling demand here was limited, with
shipping sales Of 1900 bu.
Cash oats at Chicago were unchang-
ed to hc lower. with shipping sales Of
$4,000 blu. st. Louis was unchanged.
Kansas City unchanged to Nc lover.
Milwaukee and Peoria A@hc lower
and Omaha Nc lower.
Some retail business in horses was
done yesterday at Chicago along the
Dexter Park line, but there Is no like
lihood Of any large trading being done
until next week. Even then, receipts
any demand at all during the closing
ten days Of the year. No one buys
horses then except those who see their
way to save bit Of money by buying
at the very least active time Of the sea-
son and providing, Of course, that they
can find what they want. Most mercan-
tile concerns prefer to postpone pur-
chasing until after taking balances.
They would rather show the cash in
the bank than the horses in the stable,
even though they know that the horses
will probably cost a trifle more after
the break of the season There will be
some sales at auction next week, prob
ably on Monday or Tuesday, but there
is no prospect Of any great run or any
great amount Of business. Bargain
hunters, who care nothing about their
financial statements as at December
81, will most likely get horses cheaper
here next week than for many months
t. come.