Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-27
CHICAGO DAILY
MARKET NOTES

All the bosses on the buying side Of
the hog market were at St. Paul at
tending the National Live Stock Ex-
change convention yesterday, and the
high price level of early Wednesday
was reinstated. Supply was light. but
under present conditions this is not a
powerful factor Gs the big killers are in
position to do much as they please
Their present intention is to prevent
spectators from indulging in runa-
way market. An $S.4O top was made and
wider spread of $S.20@s.S5 took the
bulk.
Prices averaged little higher and
the carrying was not heavy. The trade
had a healthy undertone, especially for
butcher stuff and good light hogs.
Quotably 1t was a steady to &c higher
trade and little higher than week
ago. Packers had good mixed stuff peg
ged at $500 early, but paid 2h@6c
more later.
Corn bears used tho Argentine news
and rains downstate to depress prices
and scare out several big longs Argen-
tine corn sold at SAC and 64Ac deliver
ed In New York for first half Of July
shipment. This is the lowest on the
corn at Kansas City are only SC apart.
Bears say the low price of wheat will
encourage farmers to feed more on the
farms. as 1t is too cheap as compared
with corn.
Amos H. Fleming Of Humboldt coun-
ty. Iowa, was on today's market with
IL head of steers and heifers mixed, av-
eraging $50 lbs, which sold at 1910.
j. A. johnson OF Marshall county, Ia,
was on Wednesdays market with a
load Of 1080-lb steers. and q load of
hogs, from his feed lots, both OF which
sold at $685..
O. B. Simpson. Kossuth county. Ia,
was here this week with one load OF
heavy cattle which sold at 1925; one
load Of mixed yearlings at 1915; also
two loads Of clipped lambs.
Ernest Kirckoff Of Humboldt county,
Iowa, marketed one load of mixed
yearlings at $s.45.
g. F. Hafke OF Jasper county, Iowa,
was on Mondays market with two
loads Of cattle Of his own feeding.
Only $500 cattle reached Chicago
yesterday and they sold readily at the
best prices Of the week. $685. taking
the best.
Since the first Monday Of June the
advance has been gradual, with few
soc higher than at that time on the
bulk Of steers. On the low spot killers
were getting a lot Of decent dressed
bullocks below So, but $s@S25 cattle
now have no merit to boast Of and So. so
Is needed to get anything respectable
Steers selling at $S.50@9.10 are 400
soc above the low spot and the advance
has pushed lot OF cattle that were
selling at $s.65@8.75 up to and above
50. Bullocks now worth $4,000 show
most OF the advance. Under the SC line
there has been less Improvement Top
cattle have been held down. but they
are growing scarce and must eventual
ly go higher. The present tendency is to
put medium steers out of line with
prime grades and such inequalities are
always equalized in the long run.
At the inside figures yesterday wheat
prices were the lowest for June since
1908, when July sold at 74Mc. There
has been break Of 111c in July, 10c
In September and &c in December from
the top made on the Hessian fly scare,
May 90. Few traders have made any
money on this break. 1t came unexpect-
edly. and those who had profits Of 1c
took them and waited for a rally to put
them out again, but the rallies have
been small. 1t was said by traders last
night that should the news continue
bearish lower prices are to be expected.
provision specialist says the pig
crop will be ready for market earlier
than usual. He believes that the trade
will be surprised at the run early in the
fall. This makes him bearish on project.
During the adjustment Of the July de-
liveries he predicts draggy market
Provision bulls say trade is healthy,
and predict small receipts Of hogs for
the present.
L. E. Board, the young enterprising
feeder of Dubuque county, Iowa, was
on today's market with one car of mix
ed hogs that sold at $685.
J. D. Brickley, the old time feeder
and shipper Of Buchanan county, Iowa
was on Wednesdays market with one
car Of heavy hogs Of his own feeding