Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-12
The Courier's Markets World
CHICAGO DAILY
MARKET NOTES

Traders regarded the break In al
grains as the result Of markets being
overbought by outsiders and falling
of In the buying by the public. i
was the impression among a number OF
the largest traders last night that 9
further break Is likely unless materia
increase In buying orders develops.
Country sales OF cash wheat on the
decline were shut off, but late In the
day central Kansas sold wheat freely
one lot Of 10000 blu being bought aftei
! the close. The railroad embargo has
been taken of all the gulf ports. but
the southwestern wheat is being moved
to Chicago because 1t can be more
easily financed.
So long as the war continues wild
markets are expected from time to
time. The recent advance OF nearly
soc in wheat in ten weeks Is regarded
as discounting war news for he~time
| being. There were number Of traders
| out last night who said further de-
cline today is likely, to be followed by
a sharp reaction. 1t is said that most
OF the September corn trades settled
up readily. and that the open interest
| is small Dat specialists said there
/
! Of the weak longs have sold out. Much
. depends on the war news. A sudden
move for peace, traders believe, would
bring sharp decline.
] A Joint resolution has been intro
duced in congress to suspend the i'm
port duty Of 10c on wheat until such
time after the cessation Of hostilities
/, In Europe, as may in the discretion OF
the pr esident be conducive to the well
| fare Of its citizens. The high prices
for foodstuffs with greatest demand
within the present generation Is de-
clared responsible for the move to
suspend the duty. Argentine wheat
can be admitted free. The present
duty applies only to countries that
| have duty on our wheat.
The hog market was lower at the
close, yesterday owing to the break in
provision values. There were $500
Packers withdrew late in the day.
Armour and Swift droves cost $3.50. a
small drop from Wednesday. A de-
crease OF 10000 in receipts at six mar
kets from last years run failed to have
any effect.
Shippers and packers paid $1,000 for
| the best cattle. Prevailing prices are
lIlc highest Vi SSdbOn. On MONudy,
Sept 81. the Jewish New Year begins,
followed by other holidays, which will
curtail orders for Kosher beef next
week.
The horse market was dull. Prices
remain on the same old level, with the
majority Of decent weight chunks
bringing from $1s5 to $3.50, few
weighing 1.450 lbs and upward around
5000 and heavier weights from 1925 to
$240. occasionally sale as high as $3.50.
Horses weighing from 1900 lbs down
ward bring from 800 to $3.50 the WAR
riors'' making from 500 to $135. mostly
1920 to $3.50. but they must be right
to bring that much. Reports from
indianapolis indicate that activity at
that point centers around horses be-
ing taken on Canadian account. with
practically nothing doing on Eastern
orders, and total dearth Of southern
business owing to stagnation In the
movement OF cotton.
Fat lambs 1o@15c higher than We'd
nesday and generally 25c higher than
Tuesday. Bulk sold at $76o@8.10, with
best Idahos at $500. Range sheep
nesday: best Montana wethers 1856,
and bulk Of western ewes brought $5.5
NJ. H. Mccorkle, Madison county,
Iowa, was on Tuesdays market with
fifty head Of ssslb yearlings. at 1886.
Bert Owens. Palo, Iowa, marketed
on Wednesday one load Of 13sS-lb.
steers that sold at $10.15.
p. 9: Strong, Clarinda, Iowa, was
cattle Of his own feeding that aver
aged 1907 lbs. and sold at 1855.
Milling sales Of cash wheat at Chi
cago Thursday were $4,000 bu and to
exporters $4,000 bu; corn. 2SO. 900 hi,
and oats $4,000 blu.
Charters were for 100000 blu wheat
to Port Colborne and 10000 bu to
Buffalo at 1c and 100000 bu oats to
Buffalo at Hc
seaboard reported 100000 bu wheat
the gulf sold over $4,000 buy wheat, said
to be to France.
No. 2 red or No. hard winter in
the Chicago sample market sold at I'M
changed prices as compared with the
December selling at h@1c under. For
September shipment 11ac under Decen-
Der was bid at the finish. although at
one time the best bid was 2hc under.
Large receipts at Minneapolis re-
NuSSu piScS n w 1C LOT spring wheat
in that market as compared with the
December, bluestem No. Northern
selling at December price to lie under.
Velvet chan was &c under December.
Low grades are at a wider discount.
Cash corn values were lower IN all
markets. Shippers showed decidedly
more interest locally. but values were
of l@2hc: St Louis and Kansas city
were h@1c lower, Omaha hn1Hc
lower. Peoria 1 Nc lower and Mime
apolis 1@2c lower.
Shippers were in evidence in the Chi
cago sample oat market, due to sharp
improvement in the domestic demand.
The break In futures, however, allowed
them to secure supplies at 102c under
Tuesdays values. st. Louis was off
1@1hc, Kansas City unchanged to nc
lower. Omaha 1@1hc lower, Peoria
~ @2kc lower and Minneapolis 1c
lower.
St. Louis Produce.
St. Louis, Mo-, Sept. 11.-Poultrv
butter and eggs unchanged.