Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-10-03
Couriers Markets of World
CHICAGO DAILY
MARKET NOTES

Milling sales OF cash wheat at Chi
cago were $4,000 blu, corn 10000 bu
domestic and oats lie, 900 blu domestic.
Export sales wheat zoe, 900 bu.
Charters We're for 200, 1000 bu wheat
n 100000 bu corn at 1c to Buffalo and
10000 blu to Port Huron, and ESQ, 700 blu
oats on private terms to Georgian Bay.
Export sales Of wheat in all positions
aggregated $4,000 bu.
An easy ton prevails in the Chicago
cash wheat market. due partly to the
slow milling demand and good receipts.
No. 2 red on track sold at tx @3c under
December and No. 2 hard at &c under
December, while &c under December
was bid for thirty day shipment Of No.
2 red or No. 2 hard.
A firm o n was on in the outside
cash wheat market, Omaha and Kan
sas City being unchanged to &c, higher,
Milwaukee unchanged to 1c higher and
St. Louis unchanged. Bluestem No. 1
northern at Minneapolis sold at a@1c
over December, outside prices being
paid for a few cars of choice. Velvet
chaff was A@1c under December.
Cash corn values at Chicago were 1ac
higher early, but weakened later and
closed weak and &c lower. Outside
markets averaged lower, with st. Louis
lower, Kansas City 1@1kc
AAAu - oSNA W
1c lower, Milwaukee k@1c lower and
Minneapolis unchanged.
Shipping demand for cash oats was
slow and the Chicago market failed to
up. although prices were lowered
1c toward the last. st. Louis was IL pic
lower, Kansas City and Minneapolis I'M
changed, Omaha unchanged to NC
lower, Peoria unchanged to &c lower
and Milwaukee unchanged to Nc lower.
. .||
Packers succeeded in lowering the
hog range 10@15c yesterday, making
25@40c drop since Tuesday. Light
weights were plentiful and this weeks
average weight promises to. be lightest
in about four months.
Actual hog receipts for September,
369,S71 head, were the smallest for any
month In four years. Arrivals of cattle
last month were 212,846 and sheep $780,,
43s. Combined receipts of cattle, hogs
and sheep were 41O,3 56 smaller than a
year ago.
Export houses are mostly bearish on
wheat and have been for some time.
One of the largest exporters says:
England and France are u best
customers n have secured good sup
plies. Before the val in Eurone Ger
many bought 60 per cent Of our sales.
~ Va bAOW ouN. ~ ollIplIlCIll VI
cargo lots of wheat to various countries
that SO much talk has been made Of
late is the result Of war, while usually
the same countries were taking sup
plies in small lots and having them
shipped on line steamers which are
now out Of business. There Is little
wheat sold to go out his month and
light sales for November. Prices will
have to decline to a point where farm
ers will stop selling"
Sentiment among the grain traders
bearish last night. There has been
a lot Of liquidation, and some of the
commission houses are said to have
cleaned up, while others have consid-
cradle to sell. The bearish factor in
wheat is the light speculative trad1,
inability to hold all rallies and the COZ
tinued large receipts.
J. W. Holden, Scranton, Iowa, was on
Wednesdays market with two loads Of
y%earlings, consisting Of heifers and
steers. that sold at $40. averaging 895
lbs.
Robert Cain & Son, Scranton, Iowa,
marketed Wednesday one load Of a
lings. steers and heifers. at SO, aver
aging $50 lbs.