Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-18
CHICAGO DAILY
MARKET NOTES

Live stock receipts for the week end
Ing Aug. % are estimated at $4,000
cattle, 10000 hogs and 100000 sheep
Five cars Of corn sold Thursday af.
ternOOn at 97hc, Boston rate points
said to be the highest price ever paid
for corn for shipment to New York.
New York wires that the French
government is there after oats. 1t is
said that London and France have
bought oats. The business is being
done very quietly.
Canada has been a larger buyer OF
clear and fat back pork the last two
weeks than usual at this season. Or
bee and Halifax, 1t Is expected by
the papers that some of it may be
for export for army use.
Modern Miller: "Threshing return,
in the northwest confirm the damage
heretofore credited to the crop. Farm
ers generally show tendency to hold
wheat, and movement from the farms
was lighter this week than heretofore
Farmers look upon the war entirely
as bullish factor"
Corn will likely continue weather
affair, and prices will pivot on the
weather In the great belt. While the
farmers have been selling a little
more freely this week than for some
time past, 1t is expected that they
will hold more tightly to their surplus
in the future. The east has bought
considerable corn at Chicago as well
as at other points in the west, but
this demand is not as urgent as 1t
1t is now possible to ship moderate
quantities Of breadstuffs abroad, nine
vessels having cleared from New York
Saturday. Exporters Of breadstuffs
have sold grain on large scale in
the pit Of late on account Of their
inability to ship goodly amounts OF
1t across the ocean, where it is want
ed by importers.
1t would be difficult matter to say
as to the amount Of wheat resold by
exporters, but the total Is up In the
millions of bushels. 1t is believed that
at least 100000 bushels Of wheat
have been sold for export, but there
we're not enough buyers to absorb this
large amount Of grain, and big lines
Of cash article are still held by export
ers at Chicago and elsewhere, and for
which there Is no market unless great
ly lower prices are accepted.
Exporters now believe that the
lane across the sea now open for the
shipment of breadstuffs will prove of
more or less help. England, however,
Is said to be in no great need OF either
flour or wheat, according to advices
from Liverpool. where values were
much lower and where all breadstuffs
were under more or less pressure. In
case the war abroad is long drawn out
and the fighting nations as well as
others are unable to seed crops. every
exporting country in the world will be
called upon to give up their wheat sur
plus, as 1t will be badly needed for the
purpose Of feeding not only the SOL
diers, but the citizens as we'll
The harvesting Of wheat in France
and one or two other nations has al
ready been commenced, but cable adj
vices say that the work is being done
by women and children and mex
this reason will be heavy. In addi-
ton to this drawback, the weather in
the countries where harvesting is
progressing has been wet and unfa-
vorable for this work.
Scarcity Of old corn and the urgent
demand from the east which has been
bare of corn ON the expectation Of large
arrivals from the Argentine has been
the cause of strength in September
corn, while unfavorable growing con-
ditions Of the new crop has been the
incentive for generous speculative buy-
ing Of December and May options.
A noticeable fact relative to the
reselling Of wheat by exporters il that
some Of the larger houses have re-
fused to let go Of pound of their
wheat, as 1t shows loss. Those with
facilities for carrying the grain and
financing it will continue to hold it.
as they feel that 1t is only a question
Of time when they will be enabled ia
secure handsome profit, as well as
pay for carrying the grain. That II
will only be matter Of time when
foreign nations will need all Of our
surplus. -.