Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-30
The Courier's Markets of the World
CHICAGO DAILY
MARKET NOTES


It was the gossip of the corn trade
that the largest buying was by two OF
the heavy shorts. 1t was also said that
wheat as WELL Corn bulls are looking
for higher prices for the deferred flu
lures on a supply and demand PROPOSE
ton for the near deliveries and on a
dry weather scare for the new crop fu-
lures.
CASH corn values yesterday higher
with futures, although the bulk OF trad
ing was over before the upturn In the
latter became very pronounced. Chicago
was unchanged to Nc higher, st. Louis
1h@2c higher, Kansas City Nc lower
to 1c higher, Omaha unchanged to lc
higher, Peoria AQhc higher and MIL
waukee 1a@1c higher. Country offer-
ings were small.
Shipping demand for oats was active,
1hc lower early, closed Nc higher,
with futures. Country offerings were
heavy St. Louis advanced u lie. while
Kansas City was unchanged. Omaha
unchanged to w lower, Peoria h@Ac
lower and Milwaukee A@hc higher.
Shipping sales Of cash wheat at Chi
cago Tuesday were 10000 bu to sea-
board exporters and 5000 bu to mills;
corn 100000 blu, oats 345.000 blu. Ar
mour Grain &C. sold 100000 bu oats to
go to store at 36Ac.
Charters were for 100000 blu wheat
and $4,000 blu corn to Buffalo at nc,
and 100000 blu wheat to Montreal.
prompt loading at &c.
The bulk Of the cash wheat offered
for sale in the sample markets through
80
sharp upturn in futures came ana
values did not fully reflect the upturn
on this account.
No. red and No. 2 hard at Chicago
were 1c over July. Chicago cash hand
lers generally had strings tied to their
bids to the country last night. and
while anticipating heavy offerings, the
amount Of purchases will depend en-
tirely on the opening prices today.
st. Louis prices were 1@4hc higher.
Kansas City h@2hc higher, Omaha
h@Nc higher and milwaukee, 10
1hc higher.
Grain traders are greatly excited
over the political complications In Eu-
rope. No ono has ever experienced
situation where all the great powers Of
Europe might be involved In a general
fight as traders see it. 1t Is world
wide proposition and they fear disas-
trous results to tho trade In general.
Should war result between several Of
tho big powers England might close
the North Sea and the Straits Of
Gibraltar. which would shut of sup
plies of grain from the United States
and other countries, and the United
Kingdom might become the ony good
customer for our surplus grain. Should
Russia become involved there would
probably be shut-off in shipments
from Russia and Danubian ports. In
case wheat was not considered as con-
traband we might do an immense ex
port business at extremely high prices
All depends on war. Traders regard
opinions as valueless in times like the
present. Wide fluctuations with light
trading are to be expected.
It is said that a shutting of in the
foreign demand might make q slow and
declining wheat market, while q con-
tinuatiCn Of the war scare and foreign
buying might easily send prices above
81.
Tho war scare has uncovered g. sit
uation that traders did not believe pos
, sible Prices have advanced 14G015hc
! since June, when the lowest Of the sea-