Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-29
Courier's Markets of World
CHICAGO DAILY
MARKET NOTES

Premiums on cash wheat at the Chi
| cago sample market had easier tone
but limited offerings prevented de-
cline. No. 2 red sold at 2is@31sc and
NO. hard at &c over September for
regular lots and S@4c over for Turkey
variety. Country offerings increased as
the result OF the advance. but local han
dlers are having few bids to arrive
outside wheat markets We're sharply
higher, st. Louis advancing 2@3c
Kansas City 2@4c. Omaha S@5c and
Milwaukee 2@3c. Premiums at Mime
apolis were unchanged at 5@Sc over
september for No. / bluestem and |
@4c over for velvet chaff, with a good
demand and fair offerings.
Cash corn sold at NC advance early
but buyers held off, and the close was
about 1@11sc lower than Wednesday
Outside markets were strong. st,
Louis was 1a@lhc higher, Kansas
City h@1hc higher. Omaha un.
changed to 1fc higher, Peoria 1c higher
Milwaukee 1@1Ac higher and Mime
apolis 1c higher.
Export demand for oats slackened
materially, and sample values after
being Nc higher early, closed nc
lower. Minneapolis and st. Louis were
up y @2c. Kansas City &c. Omaha ~
@1Ac higher Peoria and Milwaukee
Ia INC higher. Country offerings, es-
pecially from Iowa, showed a material
increase.
The public has bought wheat regard
less of price and seem imbued with the
idea that ii should be purchased on
every dip Yesterdays market was the
most difficult one in which to execute
orders, as prices changed 1c at times
on buying 10000 Blu. No one need com
plain at the execution Of orders within
l@2c OF the limit. Liverpool cables said
tnere was that the rise had been too
rapid.
enormous proflt-taking was on in all
grains on yesterdays advance, which
put wheat to the highest in five years
and corn to the best figures In, twenty
one years, while oats for May are the
highest In three years. Corn is up 22c
and the oats over Ice from the low
point OF the season. 1t was said last
night that most of the local bulls who
started the advance in coarse grains
nave sold out. and the outsiders have
the market. With the public backing
their holdings with stop loss orders II
leaVes the market in a position to
break sharply any time the general
buying ceased and selling movement
starts This was the way conservative
operations viewed it. At the same time
the offerings disappear on the breaks.
j. j. Curry, Batavia, Iowa. was on
the market Wednesday with load of
choice 1291-lb steers, which sold at
SOTO.
Donahue Bros, prominent feeders of
Union county. Iowa, marketed two
loads OF cattle Wednesday that sold at
5000
Stephen Davis. one of the leadina
feeders Of Cass county, Iowa, was on
the market Wednesday with 81 steers
OF his own feeding averaging 1920 lbs
II. P. Lauritzen. Audubon county.
iowa, marketed two loads Of cattle on
Wednesday, one load selling for S10.35
and the other load at 5000.
William A. Johnson regular patron
from Mahaska county, Iowa, was a
Wednesday patron with cattle OF his
own feeding, selling for 1915.
The public has the grain markets and
has made lot of money on the 0D4Oc
advance In wheat, most Of which, has
been made inside of two weeks. The
advance has been 50 rapid with the
pubic buying so persistent that prices
have reached a point where many of
the professionals regard the market as
too wild for them to trade. Some of the
commission houses are advising GUS
toners to go slow, and the market Is
regarded as in perilous position, be-
ing largely long, with no short interest
to protect it.
Some houses exact Is per cent bu
margin on new trades, while others are
decilnlns new business except from old
customers. Professionals who are us,-
ally bullish when there is the least pre-
text said last night the advance in all
grains has been too rapid> and a reac.
ton is due