Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-18

loWeT PRICES. IHey aTsuSu tHtt tie wy
ering OF Il big line Of May by the Mil
waukee spreader Wednesday left the
position of the bulls weaker than ever.
and that any attempt on their part to
sell would see lower prices. Trading in
May has dropped off materially, and
during the morning purchases or sales
Of 10000 bu changed prices Nc. Pit
traders said that they had abandoned
trading in May, as 1t was too erratic,
and they believe the market Is getting
smaller each day and more difficult to
execute orders in. Bears appeared moro
confident of their position and said
that, while there might be another up
turn, they did not believe it will hold.
1t Is not expected that losses of c. r.
Glavin. the Milwaukee cash handler
who closed out his spreads Wednesday.
will reach $4,000. He had profit in
his trades at the close OF last week, so
those who know say. He Is considered
the largest handler Of cash grains in
Milwaukee, corn, oats and barley being
his speciality. He has been in business
with Hubbard & Palmer, who operate
a large line of country elevators
throughout the northwest. His hedging
operations were at times enormous.
and his trade was valuable to any COM
mission house. He has lot Of friends.
and 1t was said yesterday that he stood
good chance of being helped to get
Strengthened out
Demand for cash corn showed con-
siderable improvement yesterday, ship
ping sales at Chicago aggregating 1907
900 blu, in addition to which a local In
'dustry bought $4,000 bu No. mixed in
store Offerings in the sample market
were small. Values were firm early, but
the close was weak and 1c lower with
futures. The bulk Of the days business
was over before the decline in the lat
ter started. Peoria and Milwaukee were
unchanged, st. Louis unchanged to Nc
lower, Kansas City unchanged to NC
higher and Omaha AGhc lower lower;
purchases at ST. Louis and st. Joseph.
Mo.
A cargo Of 100000 blu Duluth No. 1
to Chicago yesterday for milling, and
the boat was being loaded. Movement
Of spring wheat In the northwest 10
small and Minneapolis mills took l.
600, 900 bu in store Wednesday, paying
2hc over May. Premiums yesterday
were f1rmer with No. northern 20 &C
over May and velvet chaff at 2@sc
ed, Kansas City unchanged to Nc high
er. Omaha unchanged to Nc lower ana
Milwaukee NC lower.
A better shipping demand existed for
cash oats yesterday. sales here aggre-
eating 100000 blu, the largest in some
time. Sample values were unchanged.
st. Louis was off hc while Kansas
City was unchanged to Nc lower.
Omaha unchanged to Nc higher and
Peoria and Milwaukee unchanged.
Kansas City messages said they had
shipped corn from there to Sterling.
Kans., during the winter, but farmers
now were selling their corn.
Trading in horses Thursday at Chi
cago seemed rather slow, but receipts
were not large enough to cause much
excitement on the line. Big part OF re-
eastern centers. A good cleanup has
been made Of arrivals. Shippers took
over 800 head Wednesday and stalls
were practically emptied.
Late Wednesday a local concern that
has bought many new horses recently
sent several horses to be sold. They
were fair horses, but badly run down.
They were class quite suitable for
farm use after a run on pasture.
The market records no important
change. Prices in the selling centers
remains steady and such woods as are
on hand are moving at current prices.
There has been lack Yof excitement
at the primary points and consequent
adjustment of prices. That is. in GER
tain sections where prices were higher
than prevailed elsewhere, dealers ceas-
ed operating unless at reduced prices,
while in other sections prices were
slightly advanced.
The next week or two should prove
full Of interesting developments as
shearing in the western states will
start at numerous points by that time
and the majority of the buyers are al
ready on the field.
Keen competition is expected. but
the market cannot stand anv decided
advance in prices.