Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-16
CHICAGO DAILY
MARKET NOTES

Enormous losses have been suffered
by Argentine shippers of corn as the
result of the persistent rains In that
country One of the seaboard import
ers estimates the losses at about SO, 000,-
600 to be divided among less than q
half dozen houses. Argentine shippers
were yesterday canceling June for
warnings just as they had previously
Cancelled May and April shipments in
turn. The corn trade both in Argentina
and Europe has been considerably ex-
cited by the recent developments One
Of the Argentine cables yesterday put
out the estimate that the crop had
been damaged 40 per cent by the wet
weather. This would mean about 1885,
100000 bu off of the crop. which was
officially given at last report as about
324, 100000 blu. Previous recent esti-
mates of the loss have ranged from
10 to 10 per cent.
Rapid decreases are being shown in
wheat stocks at all the important west
ern cepters Kansas City decreased
100000 bu additional this week. Min
neapolis stocks have decreased 1,1OO,-
900 blu In five days and Duluth $4,000
blu In four days
The cash demand here was slow and
prices We're steady. Mills were mod
crate buyers of hard and soft winter
wheats. Most of the exporters said
bids were out of line. Kansas City re-
ported 10000 Blu sold for export via the
gulf and at Omaha and st. Louis cash
wheat prices were firm. Tho local
sales were $4,000 blu. Minneapolis wheat
stocks decreased 100000 bu for five
! days and Duluth decreased $4,000 blu
I for four days. Primary receipts were
L = ,ner i,.r%
ago, and northwest points had 119 cars,
against 1873 cars year ago. Winnipeg
had 1856 cars, against 27s cars a year
ago.
i Damage reports were received from
many points in Missouri and Illinois
and the fly appears to have done SER
ious damage in many sections. Much
will now depend on the weather. With
! a period Of hot dry weather the COM
plants undoubtedly would increase
materially.
Horse trade improved somewhat with
! IL, weather. From now on, owing to
the advancing season. the trade will
be confined more and more to profess
| sional dealers and onl. strictly classfi-
able, smooth haired horses with quality
| win be sure Of ready sale at current
figures. Over LOO horses with the
worst weather Of the spring season and
glutted trade at Buffalo are too heavy
a handicap for any market.
| Smaller receipts will help things
along well next week and tho week
after, but it is not likely that the de-
mand for farm workers will continue
over two weeks at the most in any
volume. Buyers should be very care
full in buying anything but full-aged,
sound, qualified horses as the inquiry
for the other sorts is likely to be
| spasmoGic and considerable pebbling
may have to be done to get rid Of any
thing but the kinds everybody wants.
With smcller receipts for the next two
able weather of last Monday and Tues
/ day this market will again get on an
even keel and squared away for the
summer trade.
\ Omaha reported much more liberal
/ crop offerings Of corn from the country
/ Purchases were good from Nebraska
and Des Moines said there were more
! indications Of country selling Kansas
| City wired that Iowa was offering moro
corn and that demand was limited.
Local purchases to arrive were small
and cash prices here were h@Ac high
or. st. Louis cash corn was UP " @2c
J and other markets were firm. Oats
here were unchanged. Offerings were
j H.
moderate.
| The cash corn situation In the east
| is said to be much stronger owing to
the failure Of the Argentine offerings
to materialiZe as expected, and western
cash markets were firm, although
country offerings in soElc eases were
reported little larger
Sample prices here were steady to
| Nc higher and there were sales of TO-
i Hg1 NJ co1 re
and the number inspected yesterday
was Is cars, the smallest receiptsfin a
long time. Omaha reported offerings
larger. ST. Louis cash corn was scarce
and in good demand Wit, prices " @2c
higher. Plate offerings were light and
! reports from tho country continue
! bullish. Plate shipments for the week
| about half as much as year ago. Pri-
mary receipts were 261 900 blu, against
!! 2e6,000 bu a year ago.
/ Iowa has sold considerable corn in
! the last two days, both to Kansas City
| and Omaha.
| Thomas Megan who owns sixteen
I quarter sections in Hardin county,
Of his own feeding. His cattle sales
ranged all the way from 1928 to $500
for the heavy end Of this string. Mr.
l Megan is strong advocate Of the
short feed. as none OF these cattle rep.
I. resented more than 100 to 100 days full
feed, with the exception Of two or three
loads Of the heaviest cattle Mr.. Megan
says that the present prices OF feeding
steers which are selling freely from
1926 to $40 up to 1855 is prohibitive.
and that the live stock farmer must
! make strenuous efforts to increase the
| supply Of stockers and feeders in the
country by keeping as many breeding
cows and heifers as possible and breed
!, ing a part Of the stock cattle necessary
to consume the grain and rough feed
on the farm.
j Toledo Seed.
| Toledo, o., May 15.--Clover seed