Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-11-04
Market Notes

"Old corn seems very scarce and the
new corn is not in shipping condition.
said a Peoria message. Chicago pos
sesses the only corn stock of any size.
We are getting sensational reports
from some Of the best corn territory In
Illinois about corn yields"
Actual receipts for October were
241.615 cattle. 641.002 hogs and 808.sAs
sheep. showing a decrease Of s0.s2S cat.
tie and an increase of 1923 hogs and
S64 sheep compared with October,
1912. Average price Of hogs at Chicago
$7s7, against IS Friday, s7.S7 week
ago, 1888 month ago, $7.sS two
months ago, $500 three months ago,
$7,s5 q year ago, 1922 two years aso,
$S.15 three years ago, 1892 four years
ago and $5.91 five years ago.
Cash corn prices, which have been
on the upgrade for the past few days,
had a sharp reaction In most markets
Saturday, although the demand was
good. but the break In futures carried
the cash article along with 1t. At Chi
shipping sales of 900 bu. The best
bid for No. mixed in store was Nc
over December. against 1Ac over Fri
day. Holders asked sc over. while st.
Louis and Kansas City were h@1c
lower, Omaha unchanged to Nc lower
and Peoria Nc lower.
There was little demand for cash
wheat, sales at Chicago being 10000
bu.; st. Louis and Omaha were Nc
lower and Kansas City and Milwaukee
unchanged. Mills were good buyers Of
spot wheat at Minneapolis, taking the
No. northern bluestem at 2@3c over
December. Flour sales in the northwest
were fair.
A slow demand existed for cash oats
and prices were lower in all markets,
Chicago being off A@hc with shipping
are December price and hard to buy.
st. Louis and Kansas City were the
lower Omaha and Peoria 1a@Nc low
I>er and Milwaukee h@1c lower.
October hog receipts at Chicago
stock yards were largest since Feb
ruary and the largest October arrivals
In over a dozen years. While receipts
were SO large, the average weight was
BY the immense number Of pigs receiv-
ed during the month. Receipts for the
month at about 641.000 average weight
at zoe lbs was lightest for any month
since November, 1911, which was the
only month lighter since March. 1909.
Barring 1908, the average last month
was practically the lightest on record
for October. In October, 1910 the aver
age was 253, or A lbs. heavier than the
past month.
Corn traders are looking for the
| country holders. to sell new corn freely
providing the weather holds good for
the curing and moving the crop for
the next few weeks. They look upon the
market as a weather proposition. The
movement is the smallest at this time
in years. and stocks are expected to
| show large decrease.
The movement of western range
cattle is subsiding, but train OF good
Alberta beeves is running for todays
market. Lighter receipts are expected
this week, but the trade Is running
into the poultry. season and prospects
are none too favorable for the selling
J side, although the crop Of long fed cat
J tie Is believed to be running low and
a widening Of price range Is likely.
| An old fashioned run Of cattle reach
ed Chicago the past week, supply to-
falling 66,400 head, the largest run OF
| the year. Missouri River markets were
moderately supplied, but the east was
glutted with Canadian and southeast
ern stuff and prices broke sharply on
the general run of offerings. At the
| ranging from 10 to 40c lower from a
week ago, barring choice yearlings and
| a few ripe heavy beeves. So far as pre-
diction Is concerned, the trade Is ven
turing none. Almost anything is likely
to happen during the next thirty days
but there exists general impression
| that the gap. will widen, medium and
common grades working lower while
quality will get better action The class
Of steers running from strictly good ia
prime has not been In such profuse
supply this week, and there is grow
ing impression that the reserve sup
ply Of that kind in the feeders hands
| has been reduced to small proportions
j The butcher market closed in much the
same condition as steers. A fair clear
| ance of stock cattle was made, but al
the lowest level of prices Of the year.
| Oklahoma November report makes
| the corn yield per acre 151a blu; Oct
ODER, IL bu.; last November, 1911 bu.
when crop was 102,000,000 blu. Wheat
acreage Increased 80 per cent. CroI
starts with excellent prospect.
| A Kansas City wire said: Grain
| men from over Kansas say farmers ir
the central and western parts are trad
| ing wheat for corn even. 1t looks like
more wheat being fed, and eventually
should make very light stocks Of wheat
| in southwest. Elevators and cash
houses were good buyers Of our wheat
currency bill, and no session of the
house.
| President Wilson will vote in New
Jersey tomorrow and return immedi.
ately to Washington.
Bay State Hot.
Boston, Mass, Nov. 3.-The closing