Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-16
The C0urier's Markets of the World
professionals and the pit on the break
They considered the market oversold.

professionals and the pit on the break.
They considered the market oversold.
Lucas county, Iowa, was represented
Monday by ID. J. Feight with car of
yearlings; Clary Sandy with car Of
steers: R. Fletcher with two-car
shipment of sheep and lambs. and r. A.
Hodges with two cars Of cattle
j; f. Burns. Adair county. Iowa, had
20 head Of steers on today's market,
average 1898 lbs that sold at $40.
Some of the cash wheat handlers ex-
pressed the opinion that bids in Illinois
and Indiana would bring out smaller
offerings from now on. They claim that
the first rush of new grain from these
states is nearly over for the time being
In most years it Is hardly under way
by this time.
Drought is beginning to injure the
corn crop in portions Of southern Iowa
and Oklahoma and Is severe in eastern
Missouri and in southern portions of
the Ohio valley. including Kentucky,
Tennessee and West Virginia." said
weekly government weather crop re-
port. Winter and spring wheat condi-
Ohio Valley and southwark"
Packers, 1t will be noticed, are not
fighting this advance in hogs very
| strenuously. Every dime added to the
cost OF live hogs accentuates the value
OF meat piles In cellars.
Hogs are cutting up at profit. Ono
OF the wise guys in the trade figures
| that there Is about 500 per car in the
operation.
Shipping sales of cash wheat at Chi
cago Tuesday were $4,000 bu, includ-
Ing 10000 blu to mills and 500, 900 bu in
all positions for export. Corn 10000 bu
and oats 100000 blu. Charters 100000
blu wheat and 100000 bu corn at NC to
| Buffalo.
Premiums on car lots Of cash wheat
At Ats, Chicago nc showed little change, the
puik OF the offerings bringing 1c over
July for No. red and 1A@1kc over
for No. hard. A big export business
was on. although most OF the cash
handlers said their bids were material
~ out Of line. Country offerings we're
fairly liberal from all quarters. Bids to
arrive follow:
NO. red or No. hard. Nflve days
shipment, &c over July. No. red or No.
hard. shipment by July 20, was 10
INC over July price All July ship
ments 1@1A over July August ship
ment 1@1Ac over September. Septem-
Der shipment 1@1Nc over September.
southwestern cash wheat markets
displayed considerable strength as
compared with futures, st. Louis being
nc higher, with good demand Red
at Kansas City was k@1c higher and
hard unchanged to Nc lower.
Cash corn values were easier with
futures, although country offerings
were small. Chicago was of h61c,
whlie st. Louis, Kansas City and Mil
waukee were unchanged to Nc lower.
Omaha was unchanged to 1c higher.
ana Peoria and Minneapolis unchanged,
readjustment to a new crop basis
IS going on In the cash oat market.
sample values were Off K@2c yester-
Gay. with 10 cars new on sale, mainly
standard, which were taken for deliv-
cry on July contracts. Milwaukee was
lWl 3kc lower, Peoria h6Dlc lower
O11laha q Rc lower and ST. Louis.
Kansas City and Minneapolis I'M
changed
There were few buyers on the horse
market and trade was dull. Prices are
weak. but even with concessions made
the orders are not here to absorb the
offerings wy
AT that. there Is nothing inexplicable
about the situation at all. There is al
pace to put lot of horses IL business
was on a normal basis, but business is
very dull the country over and business
men are not going to fill their stalls
Until they see the hauling in sight for
tne horses to do. Moreover. the high
| femnorQ 70 ON =
been inimcal to the acclimatjon of
horses. and even the few firms with
quite urgent need for fresh team power
nave hesitated about putting green
horses to work in the torrid CANYONS Of
the city streets, fearing losses from
overheating. Expressers are selling
mostly between 1910 and $3.50, sizeable
chunks between $3.50 and $2lo smaller
lbs. around 1925. ''
Hog trade got the first setback YES
terday since July lit was a &c lower
market on an expanding movement
2i,ooo reaching the local market, while
eleven points reported $4,000, against
$4,000 last week. The 50 top Of Monday
VAS preserved but more pigs sold at
that figure than finished hogs and
$S.750S.95 took the bulk
Only few cattle arrived Yesterday
one-third the 1000 scheduled heine
Texas and slop-fed stuff direct to nack7
e.; me best steers were the Morris
st1llers. which were not on the marx Of
bit were considered worth $40.
There were three distinct kinds ~
market for butcher cattle. Low grade
stuff, Gamers and cutters and common
butcher cows Of class to sell from s5a5
down were drug.
In the heffer line it was also a slug
glsh anc droopy market for inferior ana
plain kinds in fact everything under a.
tended downward, but for the really
good fat heifers 1t Yves firm market
though practically nothing in the wav
of prime. dry-old heifers was available !
to test the trade
Heavy feeding cattle were in better
demand, but such is the condition or
beef cattle trads that feeder bI1vers
were finding 1t hard to secure a
breezy 1,000-ib or heavier class NJ
fleshy feeders at So. ~
1t was an SS.75 market for the rank
and file Of native lambs on a loo rio.
cline. A few prime lots sold at sam