Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-11
I he COurier's Markets Of the World
CHICAGO DAILY
MARKET NOTES

Corn has advanced 2M@3Ac from
Mondays low point, with December
leading. Local professionals who were
instrumental in forcing prices down
last Monday have been the best buyers
the last three days. 1t was the gossip
that ]. r. Patton and Cutten were the
best buyers to cover shorts. The ad-
vance has been too rapid for many
local bulls, and they took profits yes
terday The southern part Of the belt
needs soaking rains. Traders regard the
market as weather affair. A late
message from Fort Worth that came
at the close reported three inches Of
rain in east and one inch in west
Texas. with threatening weather there.
Reports covering the southwest at p.
m. showed temperatures OF around 80
and no rain.
Wheat traders look for a nervous
market until the uncertainty over the
northwestern crop is removed Anoth-
or factor that acts as sustaining
power is the buying by shippers who
sold hard wheat for early July ship
ment and have been unable to get it..
These influences check short selling.
Pit shorts do not stand much punish
ment Bulls say that until there Is an
accumulation Of wheat stocks there 10
not likely to be much Of break from
this level.
Dat specialists who are bullish say
they expect September to advance to
4oc before it sells down lie from the
present level. Many local bulls who
had good profits took them yesterday.
George p. Yoder, Kalona, Iowa, was
here "wednesday with a load of year
lings that hs bought in Kansas City last
fall at &c pound and sold them We'd
nesday at SC pound
Jonas Y. Yoder, Kalona, Iowa, sold
hogs Wednesday at $S.75.
jeff p. Yoder, Kalona, Iowa, was on
Wednesdays market with mixed car
Of cattle and hogs.
Native muttons sold at the weeks
best prices Thursday. lambs being 100
Csc higher than last week: sheep 800
50, but at that price they carried bad
ends
City butchers bought a few sorted,
choice lambs up to 1925. but bought
sparingly. Culls sold from $s.50@7
largely.
Native ewes formed practically the
entire native matured mutton crop and
choice fat kinds sold largely from
s4.75m5, some big weights under the
former figure and prime sorts having
a higher nominal value.
Shipping sales of cash grain at Chi
cago Thursday were 10000 bu wheat to
mills, in addition to 100000 bu in all
positions for export or to export. corn
$4,000 bu and oats 100000 blu. Charters
made for 100000 bu wheat and $4,000
bu corn at Rc to Buffalo.
Hard winter wheat is In urgent de-
mand from exporters. and the spread
between the hard and red promises to
widen considerably. Early in the day
No. hard sold at Sc over July on
track, while later it brought 2lac over.
Early the red winter was 21ac over
July and " 02c over at the finish.
Chicago bids on cash wheat to ar
rive: No. red or No. 2 hard, ten days
shipment, a. over July; No red or
No. 2 hard shipment by July 20. was
&c over July price. All July shipments
A62c over July; August shipments.
1a@Ac over September; September
shipment &c over September.
John H. Murphy. Coin. Iowa. had IS
steers on Wednesdays market which
sold at SO and averaged 1925 lbs
George w. True, Plano. Iowa. came
in Wednesday with carload of steers
which brought $3.50 and averaged 1897
lbs.
Ernest Aunau, Clinton county. Iowa,
was on Thursdays market with 20
steers-short 2-year olds--that aver
aged I'LL lbs and sold at $3.50.
Export bids for hard winter for i'm
mediate shipment were not generally
accepted, as there is so much sold now
that exporters are not inclined to make
further commitments. Bids on red,
however, were not very strong, while
hard was wanted
The widening Of the spread between
hard and red was also noticeable at St.
Louis. the former being unchanged and
the latter R61c lower.
Kansas City receipts were expecta-
lions and values II ole higher. Omaha
and Milwaukee were unchanged.
Blue stem No. / northern at Mime
apolis sold at h@4c over July, and
and sample values higher in all mar
kets, Chicago being up "a ole, st. Louis
1920, Kansas City h@1hc. Omaha
and Milwaukee " @1c. and Peoria Nc.
while Minneapolis was unchanged to
Nc higher.
ST. Louis claimed only cars of good
corn were on sale there, while Kansas
City made good sales over night. Stocks
there have been reduced 100000 bu so
far this week. An order for a round
lot from an Illinois feeder could not be
filled at ST IO,1is and the corn had RI
be obtained at Omaha.
Shipping demand for cash oats re-
mains fairly brisk, and sample values
here and at Milwaukee and Minneapolis
were n "a nc higher st. Louis was up
N@1c, Kansas City h@1hc, Omaha
NC, and Peoria A@%c.
Hans Rohwedder. Hale, Iowa, sold
on Thursdays market load OF steers
of his own feeding averaging 1878 lbs
at 1915.