Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-17
MARKET NOTES

Chicago's hog receipts the past two
weeks totaled $4,000, being the small.
since last July. AS well as Chicago hav.
ing small receipts, the combined tota
at eleven markets for the week, al
$4,000 was smallest since last Sen.
TENDER, being $4,000 smaller than pre-
vious week, $4,000 smaller than 9
year ago and $1,000 smaller than tina
average for the corresponding week
during the past seven years. For 1914
to date eleven markets are credited
with b,29O.0Oo. Showing $4,000 decrease
compared with year ago and LABS.
900 decrease compared with two year.
ago, standing, $4,000 below the average
for the corresponding period during tn,
past seven years.
Receipts for the week ending March
q are estimated at $4,000 cattle, 125..
600 hogs and 100000 sheep, agains;
4O,527 cattle, 116,725 hogs and 1885:
sheep corresponding week of 1913.
Hogs realized SO per cwt on The
Chicago market Saturday, thus verifS.
ing common prediction that the quo
tation would be established in March
1T marks the elimination Of stubborn
battle between contending elements ir
the market and recalls the Cudah,
prophecy Of last fall. that winter drcves
would be bought on an SIZE bass
PackingtoWn has again demonstrates
Its ability to get away" in it's fore
casts. Perhaps these forecasts vere
not intended seriously. as whenever
hogs could be purchased under Size
packers have been avid bidders al
though at intervals the big houses have
by lying out of the market and perm? t.
ting stale stock to accumulate, III
sleeping hogs at the st0ckyards base
not been the same handicap to the sell.
ing side as In former years. as pack.
ers' needs have ultimately forced then
to participate in cleanup. .'
Corn bulls expressed great satisfac
ton at the action of the market Satur.
day and said that had it not been fol
heavy profit taking values would have
been much higher, claiming that there,
was still a heavy short interest out.
standing that has not yet started tr
cover A point made much Of was tie
change in the Argentina weather and
the Dreyfus cable saying that sellers
OF near deliveries had with drawn from
the market. This they Gems trued as in,
dicating that unless dry weather de-
veloped very shortly. Europe VOLS
take alarm and buy from America as
supplies abroad are light. New York
had strong rumor that export b~si4
ness ''ad been done there during ths
day, hut could not confirm the REPORT
One of the leading bulls called atten~
ton to the fact that, while Galvestcg
had received close to 100000 bu Arr
gentina corn since Sept. j. they still
had 100000 bu Of it left. which to his
mind. did not indicate that Texas was
taking kindly to the flinty grain. and
pointed to the reports from Omaha
and other Missouri river markets ci
Texas buying there. Bears said the
market had had all the upturn 1t was
been heavily increased. that weaker
shorts were in, and that sales should
be made on all firm spots.
General rains are falling in Argen-
tina and If this continues it will delay
harvesting and movement of corn
Latest revised estimate of the export
able surplus Of oats is 29OOO,000 bu.
Milling interests are taking little in
terest in the cash wheat market at the
moment, shipping sales here Saturday
aggregating only $4,000 bu, while
values in outside markets were I'M
changed. No. 2 red or No. hard. ship.
ment by July 20. is saable at Chicago
at 1ac over July. while for all July
shipment the price Is the same as the
future. !.
Missouri river markets reported
good demand for cash corn, Omaha
claiming 100000 bu had been sold on
overnight offers. and prices there We're
NC higher, while st. Louis was UNI
changed to lie higher, with industries
changed Peoria h@1c higher and
Milwauk and Chicago unchanged to
Zee higher. Shipping sales from here
aggregated only 10000 bu. Bids to ar
rye were reduced somewhat as COM
pared with futures, and, while country
offerings increased, there was little, II
any, business done.
Cash oats were unchanged yesterday,
with shipping sales Of $4,000 bu Mill
waukee, Omaha and st. Louis were
unchanged to Nc higher and Peoria Il
q &c higher. ~. g..
me of the particular features in the
cash situation at the moment is the
fact that handlers seem totally unable
to agree, either In this or in other mar
kets, as to whether the demand is
good or poor 1t was said ar order was
here Saturday for a car Of corn to be
nois Central, while Indiana points,
claimed they would have to ship in
corn before long. At the same time
country offerings increased on the
bulge in futures, and were the main
reason for the widening Of discounts.
Sellers, however, held above the, mar
ket. The leading holder of cash corn
here finds the Eastern call slow. Low
grade corn in parts Of Illinois is re-
ported higher. in some sections and
well cleaned up. Cincinnati did fair
business with the Southeast Saturday.
Conflicting reports came from Phila-
'delphia and Buffalo.
Kansas City Produce
Kansas City. Mo, March 1s-Butter
Creamery, csc; firsts, 23c; seconds.
.22c: packing, 15C.