Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-24
Courier's Markets of World
CHICAGO DAILY
MARKET NOTES

iHo impression prevails among many
or the local traders and commission
houses that the bull side of grains has
grown stale for the moment, War news
and export buying has been the leading
Dull factor for nearly two months, The
public has dropped out of the market
TO great extent within the last week.
Commission houses have been doing
the largest business. They say the
buying power from the outside has ma
to last long time, and while the situ-
alton Is bullish, the technical position
Ia regarded as rather bearish for the
present. But ultimately the grain stu
alton Is regarded as bullish.
american grain exporters have Sc
cured the consent of German buyers to
the abrogation of contracts in consider
atlon or payment to German brokers OF
the per cent commission that would
nave been due them II the contracts
had been carried out" said New
York message. These developments
are the outcome of the transportation
difficulties in regard to ocean traffic to
German ports due to the war; The ar
rangements have relieved the situation.
as litigation has been feared"
A good deal of short corn has been
put out in the last few days by local
traders, and the bull element last night
said that the market was oversold
They look for light country offerings
OF old corn and for domestic consump-
ton to take care of all the old corn
that will be marketed from now on. No.
yellow was offered at Buffalo yester-
day at &c over Chicago September
without drawing bids. This Is the
cheapest No. 2 could be put down there
from Chicago.
A further break of 1o@15c in hog
values yesterday carried tops to the
lowest point in more than a month. at
1885. Armour's drove cost 1914. being
within 44c Of low day of the year.
Closing trade was decidedly weak
with 5000 left In the pens All outside
markets closed top-heavy and packers
are talking still lower prices for the
near future.
Curtailed receipts of lambs were ac-
countable for slight reaction in prices,
the pest westerns selling at S.. Cattle
market was barely steady, some 1881
10 Montana grassers bringing 1926.
Horse trade is quiet and conditions in
the cotton country are indicated by a
dead mule market. Interior shippers
have been flooding the market with
warriors" with the result that British
army inspectors are behind with their
work. Jewish holidays have kept a
number OF buyers away. Warriors" are
Milling sales of cash wheat at Chi
cago Tuesday were 10000 blu, and to
exporters 100000 blu, Corn, 100000 bu
domestic; oats, 150, 900 bu domestic and
100000 bu to exporters st. Louis and
Kansas City reported sales Of oats to
seaboard exporters, but gave no guam
titles, Baltimore reported 1000 bu
oats sold for export. Charters here
were for 220, 700 bu wheat at / to Buff
faio
A decline of Nc In prices for cash
wheat. as compared with the December,
was a feature of the Chicago sample
market. No. ~ red sold at 1hc under
December and No. 2 hard at @1Nc
under December.
For fifteen day shipment Nc under
December for No. 2 red was bid and
INC under for No. hard. There were
resales OF cash wheat at Buffalo yester-
DAY cheaper than 1t could be laid down
from here, and Ike under what was
paid for fresh shipments Monday.
A flrmer tone prevailed in the Min
neapolls cash wheat market, with No.
! northern selling at December price to
We under, the bulk of the business be-
Ing at December price Velvet chan
brousht 1Rlhc under December st.
Louis declined 1G31hc. Kansas City lie
and Milwaukee and Omaha 1@2c.
Purchase Of 5000 blu new No, 4 vel
low corn for shipment by Dec Is was
made TO come to Chicago yesterday on
the basis of sc under December Iowa
asked for bids on new No, white, Mo-
venber shipment Offers Of old corn
were small
Demand for cash corn in the sample
market was fairly good, and values
We're unchanged here, and at Mime
apolis and Omaha, st. Louis and Kan
sas City were unchanged to nc lower.
Peoria N q Nc lower and Milwaukee "
@1o lower,
While seaboard exporters were active
buyers Of cash oats, the demand in the
sample market was not as good as
recently. and values declined MONO.
st. Louis and Minneapolis were nc
lower. Kansas City unchanged, Omaha
Nc lower, Peoria and Milwaukee un-
changed to ,Ac lower.
Wheatley Harper, Winterset, Iowa,
was on the market yesterday with a
load Of yearlings Of his own raising
and feeding-9 steers and IA heifers.
The load went at $10.5O.
w. r. Coward, Tabor Ia, was on
Mondays market with 55 steers, weigh
ing 1441 lbs that sold for Sill.
Elmer Patterson. well known feeder.
GlenWood, Ia, was on Mondays market
with Al cattle, 1908 lbs, that sold for
$1o.75.
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