Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-17
The Courier's Markets World
CHICAGO DAILY
MARKET NOTES

l CONSERVATIVE trdQerS CalleQ attentlOL
to the fact that while one branch Of the
| German army has surrendered the wal
! Is apt to last Some time, and tia,
prices are expected to advance even
i, after peace is declared, as the belief
exists that there will be an unprece-
| dented demand for supplies when COM
plete commercial relations are restored
1t was noticeable that many of the
large traders who have been bearish
covered on the decline, and took the
/ bull side.
Wall street has been trading heavily
I on the bull side Of wheat and is said to
have taken profits on the recent bulge
and was a buyer on yesterdays break.
Most OF the big buying came from this
source. There was also some buying
here for Liverpool account.
One Of the leading bears says that
traders can advance prices by buying.
but he expects to see a decline when
they start to take profits.
There were more orders for cash oats
here yesterday than holders seemed
willing to accept. An oat bull says the
United States is practically the only
country with an available exporta BILE
surplus Russian supplies are not to
be had and If foreigners want oats they
VIII nave to come to this country Total
sales abroad to date are over 15,O0o,-
900 blu.
A dispatch from Rotterdam says that
the German minister Of agriculture has
issued circular ordering the manu-
facture of alcohol decreased 40 per cent
ana recommending that farmers con-
serve food supplies by drying potatoes
on large scale. Instructions are be-
Ing given in the country districts as to
the use of potato meal for the manu-
facture Of bread. The minister saws
that the cereal crop was not as good
as had been expected
Andrew Wisdom, Bloomfield. Iowa.
was on Mondays market with a load Of
snorthorn steers weighing 1880 lbs, that
sold at $40. They were his own feed
ing and raising.
A. V. Richardson, Hedrick, Iowa, had
four cars of cattle Of his own feeding
on Mondays market. which averaged
1923 lbs and sold at $1,000 He needs
no further recommendation as an ex-
pert cattle feeder.
. George A. Spies, prominent feeder
from Cass county, Iowa, had thirty
three steers of his own feeding on Mon
days market that sold for $1,000. aver.
aging 1927 lbs.
Most Of the cattle arriving yesterday
were westerns and that delegation sold
steady to 10c lower. Outside these
there was only a handful Of natives.
Western steers sold largely at s7.4on
s.25. although 1915 was quotable for
big Montanas. Yearlings have been
hard hit. This was due in a large
measure to the fact that packers had
access to lot Of fat grassers in the
Y,a Ia
can be substituted for that Of corn fed
yeariinss. Such yearlings as sold at
1896 s.s5 were 25@35c lower and a
good class Of light cattle suffered in
sympathy. Steers on the 1850 ID order
that made s1o.75@1oso at the high
point last week had to take 10000
1865. A few prime yearlings did not
encounter this vicissitude and a small
package of Xxx heavy cattle did about
as well as last Wednesday, although
on nothing was the market as GOOD
as late last week
Hogs lost another sc on a run Of 1s.-
900 yesterday. Packers were as bear
ish as ever and determined on forcing
prices still lower. There was no heavy
run anywhere. supply around the mar
ket circle being about the same as last
year. Prices were $50 soc lower than
the close last week, 35c lower than a
week ago and about 81 under the
August high spot, the bulk selling at
$S.25@s75 with $40 top.
The most severe break in grains Of
the season has been experienced the
last lew days. 1t has carried prices
down to point that has cleaned out all
the weak holders. the spyramiders. and
the stop loss orders 1t is believed to
nave put the market in better shape,
and the general impression Of the ma
Jority Of traders and commission houses
Is that there has been break enough.
The rally which carried prices higher
than the previous days close, and held
them at the last, is taken as the best
indication Of the cleanup.
A feature in the outside cash wheat
markets was the active demand at
Kansas City. Kansas City and north
western mills being good buyers there,
with prices unchanged to lc higher. st.
Louis was unchanged Omaha broke
~ q &c. and Milwaukee lost 2@sc.
Spring wheat at Minneapolis was in
active demand, with No. / bluestem at
1@1hc under December and velvet
chan at 2q2hc under December.
Considerable flour was sold in the
northwest. both domestic and export.
100000 barrels being placed abroad. St.
Louis also reported free sales Of flour
for export.
Cash corn values were off about 1c
at Chicago early. but the late bulge in
futures brought prices up to around
Mondays finish. ST. Louis was un-
changed to lie lower, Kansas CITY I'M
changed to 3sc higher. Omaha un-
changed to Nc lower, Peoria 1c lower
and Minneapolis unchanged. Country
offerings were small.
Sample oats market was demoralized.
early values being off 1880 from Mon
day, but the greater part Of the break
was recovered later when futures rail-
lied. Shippers were active buyers OF
No. white and better against large
sales to the seaboard. st. Louis claim.
ed $4,000 blu sold to exporters, but
prices there were 1@1hc. lower.
At Kansas City cash oats were 40
lc lower. Milwaukee 263c lower and
at Minneapolis 3fc higher. Country Of
ferings were lighter
c. F. Jones & Son. Stuart, Iowa.
marketed Monday twenty one head Of
1875 ID steers, at $10.40