Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-12
CHICAGO DAILY
MARKET NOTES

Corn bulls are looking for heavy
reduction In stocks here for the week.
They figure that they will be down be-
low 100000 blu. in Mondays report.
This will show aloss of 5000, 900 blu.
from the high mark OF the season, In
the face of less than normal demand.
1t was the impression yesterday that
Finley Darrell & Co. who have been
credited with being among the largest
holders Of May of late. have sold out
their line. They have delivered the
bulk of the cash corn sent out the past
few days, and put out 100000 bu.
Yesterday. which went to shipping
houses. Cash people are figuring on q
larger movement inside of two weeks.
Large country offerings were notice.
able yesterday from Western Illinois,
while central Illinois was selling ia
the south and southeast. Corn plant
ing Is progressing rapidly Bushnell.
ILL.,. reported so per cent in and other
points said they were nearly COM
pleted.
"A big export business was on In new
crop winter wheats yesterday, but only
100000 bu. were confirmed as sold
here. although there was good authori.
ty for the statement that sales ma.
terfally exceeded that figure, and the
total sold during the week probably
exceeded the 100000 bu, reported In
the previous week The seaboard re.
ported 100000 hu. new crop winters,
and $4,000 hu. Manitobas sold for OK.
port.
Milling demand was very slow, sales
here aggregating $4,000 bu. st. outs
and Kansas City prices were unchang.
ed and Omaha Nc lower Bluestem
No. northern at Minneapolis sold at
2h @4c over July, outside mills paying
the latter price. Velvet chaff was III
@2c over July.
Weakness and lower prices prevail
ed in majority Of the western cash
corn markets Saturday, demand being
poor. ard prospects were for larger
receipts this week. st. Louis and
Omaha We're R@1A lower at the fn-
ish. while Peoria wash @1c lower. and
Kansas City unchanged to Nc lower,
Demand at Chicago was good for
Saturday, sales being $4,000 bu. with
sample prices unchanged
Shipping sales OF cash oats Satur-
day were 100000 bu. and sample prices
unchanged to Nc lower. Omaha and
Peoria were of Nc, and St. Louis
h@hc.
serious condition has developed
In the Argentine corn trade as the re-
suit Of further heavv rains. A New
York message to McKenna- Rodgers
said that IL the wet weather contin-
ues much LONGER, America will not get
much competition from the Plate and
that while the quantity may be there.
the question OF quality Is becoming
very serious. A small lot OF Argen-
tine corn was Cancelled yesterday at
Toe, that was sold originally at 64c.
for first half May shipment, an effort
was being made to cancel other par.
cells as we'll as a full cargo. The wet
weather In Argentine Is causing anx-
iety abroad and was shown nv the
sale of little oil cake to Belgium
yesterday for June shipment from
New York at the highest price since
!, last August. 1t was said to be due to
fears that supplies of good Plata corn
would be seriously curtailed A. O..
Slaughter & Co. had Buenos Ayres
cable reporting torrential rains dam
aging the corn crop. while Broom
halls cable confirmed the rain reports
and also did one to Finley Darrell Co..
A car OF spot Argentine corn sold at
New York yesterday at 75c.
Receipts for the week ending May
49,. are ectimated at $4,000 cattle,
10000 hogs and $4,000 sheep, AGAINST
80 ,0O6 cattle, 49, 1914 hogs and 74,408
sheep corresponding week a year ago.
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