Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-01
The Courier's Markets of the World

greater. Owing to the danger signal
Kept away and bigger crop next
week Is logical expectancy.
The $s.2519.50 kinds do not show
much loss, but in lowe- grades the de-
probation Is anywhere from 15c to)
25c. the close being on the bottom.
Choice yearlings have held well, but a
lot OF $s0S,5O yearlings are coming
ana they are 5Cc lower than the July
hiEh spot. Yearlings that got $7.s5|
Yesterday were the same kind that
sold around $3.50 two weeks back.
J. H. Charlton, estate of Rolfe, Ia.
VINO Is among the most noted feeders
and land owners In Iowa, had cattle
on this market Wednesday, three loads
averaging 1881 lbs, sold at $3.50.
It was the gossip OF the oat trade
that the Armour house Is putting all
It's interest In May. It has bought
them for two weeks. Yesterday they,
We're again buyers, and at the same
time sold September and December.
They also bought July and sold Sep
.smoer at &c difference. Recently July
was nc over September.
Packers had another inning In the
hog market. Good hogs finished 100
loc lower Spectators were again
loaded below the Plimsoll mark, and
We're forced to throw their holdings
overheard to avoid being swamped.
An accumulation OF 1000 "sleepers"
was what did the damage. Mixed
packing grades suffered least, and
the spread was narrowed to that ex-
tent.
optimism OF the conservative variety
existed along the Dexter park horse
line owing to tho better clearance, the
belief that business is growing brisker
everywhere and that perhaps the great
european war may yet matcrialize.
however we'll founded it may be, the
conviction on the part Of the commits
sion statesmen IL apparent that next
week the demand will be broader than
IL has been for some weeks past, when
only the professional element has been
IN evidence and nothing else.
Aside from the war news there was
nothing bullish In the wheat situation
Yesterday. Traders as a rule regarded
the statistics as bearish. There has
been an advance Of zoe since June 80,
OF which 13@14Nc has been from last
Saturdays close. Had any one de-
clared that wheat would sell at 81 in
side of thirty days when all the trade
was looking for Toe wheat at the end
pof June. he would have been laughed
at.
Foreigners were heavy sellers OF
wheat futures yesterday, their sales
pelng as large as on recent days. They
nave seen losses turn into profits in
the shortest time known. and are will
Ing to take them. One house with ex-
tensive foreign connections reported
that foreigners were buying back wheat
recently sold out Traders regard the
market as a two sided proposition.
With increased complications abroad
they look for an advance for few
days. Without actual war at once many
predict decline. Market leaders are
not venturing an opinion to any ex-
tent
Export business was out OF the ques-
ton Thursday. the sharp advance in
futures, rise to ! and 2 per cent in
war insurance rates. and advancing
freight rates combined to shut of
business. Premiums on cash wheat de-
cllned Nc as compared with futures.
and sample values in practically all
markets show a marked disinclination
to follow the upturn in futures At
the close st. Louis reported that No.
red was slow sale at SC under Sep
n
charge and values for the day were
only III @2c higher.
Kansas City and Omaha, however,
advanced sharply. the former being up
4W6c, and Omaha 46D7c Milwaukee
was AZ @5c higher. a@
Premiums on spring wheat at Min
neapolis were off 2@sc with millers
out OF the market.
marked imnr,vament oon,a N tho
demand for ash corn, all offers to the
east over night being accepted. Cash
values here and at Milwaukee were Y
ole higher. st. Louis III 02c high
er. Kansas City h@2c higher, Omaha
1@2c higher and Peoria INC higher
Country offerings were small.
An immense business was on in
cash oats. eastern handlers taking hold
freely. Sample values here and at Mil.
Waukee, Peoria and st. Louis advanced
y pic. while Kansas City was h@Ac
higher and Omaha 1c higher. Country