Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-03
Courier's Markets of World
CHICAGO DAILY
MARKET NOTES

Cash handlers are bearish on wheat,
and look for larger country sales in
case there Ia a decline. Spectators
are mixed. They recognize the fact
that war markets are on, and while
they are subject to sharp breaks at
times, the rallying power has not left
the trade for food as many see It.
Export houses with seaboard connec-
tions were heavy buyers Of oats yes
terday which was construed as mean
Ing export sales. Cash oats In the
sample market are at a premium over
| September, and shippers are supplying
their requirements from daily arrivals
Part Of the oats taken in on Septem-
Der purchases yesterday will be ship
ped out.
| September deliveries yesterday were
| $4,000 ties. lard. the largest on record
It was put out by the North American
Co. and paid for by commission houses
There was 21,750 brls. pork sent out by
commission houses representing the
trade generally. Deliveries Of short
ribs were 100000 lbs.
There was only $4,000 bu wheat sent
out. no corn. and 100000 blu. oats, the
latter by elevator interests, and paid
for by commission houses The after
noon deliveries were part Of those Of
| the morning. Some of the commission
| houses who sent stuff out then took it
back again.
High prices are creating more in
ducement among farmers to sell their
| cash wheat Increased purchases were
made In Oklahoma, Kansas Indiana
and Ohio yesterday. Toledo reported
| more bought. AS there is a full ship
diffnraroA hnkx =
Kansas City. there Is over 100000 bu
/ wheat being loaded from the last
named market for Chicago.
Shipping sales of cash wheat at Chi
cago yesterday were 10000 blu to mills,
corn $4,000 blu, and oats 100000 bu to
exporters and 100000 bu domestic
Charters nate were for $4,000 bu corn and
100000 bu oats at nc to Buffalo. New
York sold 100000 blu oats abroad.
A firmer tone prevailed In the Chi
cago cash wheat market Tuesday, with
offerings light; No. red on track
brought 2Asc over September and No.
hard &c over for regular and 3@3hc
over for the turkey variety Both No. 2
red and No. hard for September ship
| ment were salable at &c over Septem-
Der. Spring wheat is bringing large
premiums over September with a good
demand for all offerings
Considerable damp and tough wheat
Is being received at Minneapolis and
mills there paid SC over September for
choice dry No. northern blue stem,
| while the other kinds went at 6@8c
over. No. northern sold at 31sc over
September. No. / velvet chaff brought
l2@4c over September.
Outside winter wheat markets were
easy, with St. Louis unchanged. Kan
sas City unchanged to lie lower and
Omaha 1@2c lower. Shipments Of wheat
from interior Kansas to the gulf for
export have been resumed as a result
Of lifting the embargo.
A shading of cash corn premiums in
Chicago until It is profitable to make
contract for delivery on September con-
tracts by three cash houses resulted in
eastern buyers holding off to some ex-
tent. No. yellow and No. white are
deliverable on contracts at nc
premium.
Sample values at Chicago and Kan
sas City were unchanged to 1c lower
Yesterday. st. Louis and Milwaukee n
"a lie lower, Peoria lie lower and Omaha
unchanged to NC lower.
Shippers were good buyers Of cash
oats IN the sample market, with prices
unchanged to ~ lower. Export demand
was again in evidence. st. Louis and
AAa1And6 My were unchanged TO N G
lower and other markets UNCHANGED,
Cutting Of corn has commenced in
Kansas and the early crop is about
matured In other districts" said the
government weekly weather crop re-
port. Showers checked deterioration
| In Iowa and improved the late crop
generally. Frequent showers in the
spring wheat belt hindered thrashing
| and caused some damage in shock.
Flowing for winter wheat is progress
sing favorably, with reports of large
acreage being prepared in some sec
| tions. Pastures have improved and are
now generally In good condition.
Between today and Wednesday of
next week cattle trade at Chicago will
be practically suspended owing to the
! Monday holiday and by that time
packers will have little beef in their
coolers
Heretofore Labor Day has not been
holiday at the stock yards. but on
the ground that packers embraced
such opportunities to insist on bar
gain sales the Chicago Live stock Ex-
| change declared the Labor Day mar.
ket off.
Packers may go to the country and
buy stuff for Monday delivery, but
getting cattle in the feed lot is an
expensive and difficult task, espe-
cially under present scarcity condi-
tons With no cattle available on
the open market Monday the trade
expects brisk buying the rest Of the
week. Killers will need beef to tide
| over the first half Of next week. East
ern orders are usually filled Monday.
SO that absence Of cattle market on
that day will he ernbarra ssino