Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-20
CHICAGO DAILY
MARKET NOTES

English dealers attribute the recent
spectacular advance in WOOL, especially
In Merinos and fine crossbreds to ex-
~traordinary demand from the LSited
States. TIC some extent this was due to
the fact that American manufacturers
pursued a hand-to-mouth policy dur
ing the free trade agitation period and
have been recently replenishing stocks
| under the stimulus Of a developing
worlds shortage. Results Of free trade
] have astonished not only American
manufacturers and growers but n
lish wool dealers also. Everybody ex.
pected lower prices on this side while
in Europe the somewhat predetermined
advance was something akin to a sur
| prise. At English markets prices are
! being we'll maintained, but there is no
! disposition to anticipate future require-
ments. There Is expectancy OF further
| advances at the July sales, many In the
trade being convinced that even me-
| dunn c%rossbreds will be dearer.
| J. H. Lenocker, enterprising young
farmer and stock feeder, Madison
county, Iowa, was on Mondays mar
ket. One car Of 14S6-lb steers went to
Armour & Co. at $50.
w. S.. Robinson. Dexter, Iowa, had
Monday two cars of steers and heifers
mixed, averaging 75S lbs. which sold
at $40. Last October Mr.. Robson had
a car Of S61-lb yearlings sell at 1886.
All Of his own feeding.
Ambrose Johnston, Gearing. Iowa,
was here Wednesday with a load OF
cattle and a car of hogs, all his W
feeding. His son Blaney accompanied
him.
TAYLOR & Beeson. Earlham, Iowa, had
two loads of cattle of their own feeding
on Mondays market. n load OF which
sold at $9.25, the other at 80, Including
one stag. These cattle showed fine fin
ish for the length Of time they had beer
fed. Mr.. Beeson accompanied the ship
men to Chicago.
John Walton, farmer and feeder OF
Earlham. Iowa, was on Mondays mar
ket with a load of cattle of his own
feeding. Mr.. Walton said he never saw
the Iowa corr looking better at this
time Of the year, wheat and oats also
looking good.
Bahne Hansen, Charlotte. Iowa, haG
one load of choice steers Of his owr
feeding on Wednesdays market which
sold at 1925, averaging 1870 lbs.
Martin Fredrichsen Of Sc~hleswig, Ia.
was on Mondays market with a loaC
of cattle Of his own feeding, averaging
1871 lbs, which sold at $3.50.
Joe Cartensen Of Moneta, Ia. was or
Mondays market with a load Of cattle
of his own feeding. averaging 1929 lbs
which sold at 1885.
A small package Of cattle was quick.
ly sold Yesterday at the best prices o.
the week, fully as high as at the close
last week and 10@15c above Monday:
level. Nothing choice arrived, the hes
cattle on the market making $3.50. al
though $685. was quotable. Even cheal
steers sold to advantage. Stillers wer'
put over at $8.70@8.SO. the high poin
of the week. Kansas City had only $50
and less than 10000 reported at tn
six western points, making the Ada,
supply at these markets this week "a,
900. against $4,000 a year ago.
Sentiment in wheat was mostly bear
ish, but it was noticeable that thor'
were a few more bulls round tina Q
late. These pase their theories on tn
fact hat there has been a good break
and that the cleaning out Of the oil
wheat and lar. export sales OF new
warrant the maintenance OF prices a
about the present level. The bears
however, see nothing but lower prices.
There Is a mixed sentiment In thu
corn trade, owing to the increased tall
: Argentina offerings at lower prices
and the limited outside buying, which
in a measure offsets the small stock!
and light receipts.
Sentiment in oats is vecring NOR
strongly tt the bull side in some quar-
tiers. There has been q good commission
house buying demand the last few day.
and the market is showing the effec
OF his buying, rallying quickly OF
moderate buying. The low prices com
pared to corn with the increased use o
oats as feed on the farms, due to TIL
thigh prices for corn, nave induced
moderate amount Of buying, while thu
less favorable crop reports have check
ed the selling pressure. If there ar
big stocks Of old bats back on tn
farms they are not being pressed TO
sale at the present time.
Maintaining artificial conditions ii
the hog market is a hopeless task ant
Chicago Is now quoting the highest Sc
Of prices Of any point In the west. Thi
is having the effect of fetching far
away hogs here. Competition is tn
factor.
At Missouri river points packers arr
in sole control, but at Chicago small
local killers. especially the bacon con
Germs, eastern shippers and specu
lators are all factors.
Hogs were 10c Higher than earl!
Wednesday on a run of $1,000 ant
prices averaged highest Of the month
IT was a zoe higher market than
week ago, with an $685. top and al
$8.2O@8.32h bulk. Packers Dough
freely and only a few p~enholders wer'
left. Eleven markets had $4,000, max
ing $4,000 at these points SC far THU
week. against $4,000 last week ant
100000 a year ago.
More hogs sold at $3.50 than an.
other price, although $8.25 was
popular bid early. Packers appeared
hungry for stock and more could hav'
| been used. Quality was pretty good
although not up to the standard Of
month ago..
Waterloo, Ia. wired: Have talke'
with shippers this morning and fin,
heavy rains reported several points
last night. Threatening now. All ga.
too p,uch rain fo~ corn and oats Tarp