Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-01
MARKET NOTES
A feature In the cash corn market

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A feature In the cash corn market
yesterday was the break Of h@2c In
No. 2 mixed corn, which declined from
q December to a January delivery basis.
better demand existed for yellow
corn, however, and 1t showed marked
strength throughout the day, with NO.
A yellow up 1c at the close. Other
grades were firm. Several of the ele-
vator men We're out Of the market yes
terday, the withdrawal Of Shaffer &
Stream being due mainly to the closing
down Of one of their elevators owing to
an accident to the machinery.
Outside cash markets were Irregular.
st. Louis was unchanged, Kansas City,
Omaha and Milwaukee unchanged to
1c higher, and Peoria unchanged to 1ac
lower. Kansas City reported that one
house had sold 60 cars to go southwest
in the past twenty four hours, and that
the daily average of sales was around
100 cars. Minneapolis was 1@2c higher,
with sharp falling off in receipts and
country deliveries.
Milling demand for cash wheat was
very slow yesterday. sales here being
only 10000 bu. st. Louis and Kansas
City prices were unchanged. Omaha
unchanged to Nc higher and Milwau-
kee unchanged to NC higher. No. !
northern at Minneapolis sold at n a.
2hc under May with a few cars Of
very choice at May price to Nc under.
Demand for cash oats was Of fair
volume yesterday, with shipping sales
of $4,000 blu. Sample values were un-
changed at Chicago and Milwaukee, Nc
lower at Peoria, unchanged to Nc low
err at Omaha, unchanged to 1ac lower
at st. Louis. #.......
hard fight is promised in Canada
after the first of the year over the
policy Of removing the duty on Amer
lean wheat. The lines between the west
and east are being sharply drawn: A
market authority said: Il have further
advices from the northwest that the
Canadian parliament Is very likely to
remove the wheat duty next month.
Canadian millers have already started
a campaign against the removal OF the
duty, making the point that western
farmers would gain little by free wheat,
as there Is exported from the United
States a considerable surplus or the
flour manufactured, and there Is a re-
bate Of 80 per cent Of duty on all wheat
milled In bond. The millers do not state
however. how much 'of the Canadian
wheat, if sent free to the United States.
would be used for local consumption.
Free flour, they add, would compel the
Canadian mills to close. as the duty OF
12@15 per cent is necessary to place
them on the same footing as the
American mills, which get better prices
on the by-products and can purchase
milling machinery cheaper. If there
were free flour, the Canadian millers, it
Is said, would have to demand free ad-
mission Of all milling machinery and
supplies"
The trouble arises from the longest
ed condition of the elevators owing to
the enormous arrivals Of corn the past
three weeks, which have been so wet
that a large percentage of the corn has
had to be dried to put 1T in condition to
be stored. The corn sent In here to de-
liver on sales for December has In most
instances missed grade, and with the
close Of the month at hand 1t has
worked a hardship on shippers who
have been unable to get their No. 3
corn into store to deliver on sales at &c
penalty. All the elevators are crowded,
with corn running to them, and there
is not time enough to get corn into
store for delivery today, as 1t Is the
last Of December. No. corn yesterday
sold at CSC and 65Ac on track. four
the December. The No. 3 mixed sold at
61h @63c. with some showing yellow
and white at 63ha @64c and white at
64k @65c. The chief desire on the part
Of the receiving interests Is to get the
No. corn into store to fill their sales
even at the penalty of sc.
With the filing Of one order for
close to 80 horses and with several buy
ers on hand taking from one to two
loads apiece, the supply of horses yes
terday at Chicago was cleared and
there are untitled requirements still on
hand to empty almost all Of the stalls
over the close of the year. Appearance
Of a heavy snow down east started
timbernen out with rush orders for
team power and, If the weather pre-
dictions for the eastern lumber re-
gions are correct, this demand may
still increase materially. Prices are
probably quotable q trifle higher for
the week. but the main Improvement
over the past fortnight was that the
buyers wanted the horses and would
bid for them. In fact. it has been
good, strong trade at the late reduction.