Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-25
The Courier's Markets of theWorld
CHICAGO DAILY
MARKET NOTES

change to the bull side came over
the majority Of wheat traders yester-
day They are beginning to realize that
the edge is off the northwestern spring
wheat crop on both sides Of the inter-
national line. A spread of the black rust
and blight damage Is broadening the
trade here. at Minneapolis and abroad,
and with the known decreases in the
European crops and the action Of for
eigners in following the advance and
buying more freely than of late there
is more bullsh feeling. At the top
figures yesterday prices showed gains
OF over &c on July and sc on September
| the recent low point Some traders
think wheat high enough.
1t is said that cash houses have been
heavily short July wheat. against in
terror purchases, in the face of their
large export sales, and they have been
covering of late. Some have had to take
wheat intended for export and apply It
on sales for this month. This has tied
them up for the time being.
AN immense export business was on
IN wheat Thursday, sales being among
the largest Of any day on the crop.
rms was due principally to the fact
that foreign crop reports were of a
character that induced buyers to take
hold freely. Seaboard exporters, who
mad made speculative export sales
ABROAD were after the cash wheat.
country offerings were light early, but
Increased materially on the advance.
both here and in the southwest.
An active demand existed in the
sample market for all offerings and
premiums on No. hard winter were
ap9ut a better than the previous day,
selling at 1@1&c over July, while No.
2 red brought 1@1Ac over July.
, Bids on cash wheat to arrive follow: :
NO. 2. red winter wheat July shipment,
N @1Rc over September; September
shipment 1@1A over September. No.
= hard: July shipment, INC over Sep
TENDER; September shipment, 1@1Ac
over September
Cash corn markets throughout the
west were higher. offerings being small
country holders showed little disposi-
tlon to sell to arrive, although on the
bulge there was little bought to
come here. Streator, ILL.,, sold $4,000 blu
white corn to Henderson, KY. at IN
lhc advance. Chicago and Milwaukee
we're 1@1hc higher. Kansas City and
Omaha k@1c higher. st. Louis un-
changed to &c higher and Peoria UNI
changed
Shipping demand for cash oats was
good, but there was sufficiently new
grain offered from the country on the
advance to lead local buyers to hold off,
Sarnple values were unchanged to nc
higher here and at Milwaukee and
Kansas City, while ST. Louis, Peoria
and Omaha were Nc higher Offerings
Packers are getting more exactine
and discriminate in favor OF under
weights Of good qu;'tty which also
nave the call on shipping account
Shippers Thursday bought extra choice
! shur off the pig order averaging under
lao lbs as high as 1910 while packers
were not willing to give much over IS
Tor big, rough, heavy packers.
"A top heavy hog market also broke.
Ihat trade was 1O@15c lower and a
clearance could not be effected. The ton
was $500 and same sales were only 5c
lower. but the finish was at the lowest
level Of the week
,o D 1,,l cattle sold at 1915 and
market at declines ranging from Is TO
4Oc per cwt for the week and the RI nh
and file Of steers.
Big cattle on the plain or coarse or.
der. even when fat have encountered
viclssitude. Considerable difference Of
opinion existed as to how much lower
the yeWer Steers at 1855 were the 50
klnd on Monday. A lot Of plain fat bull
LOCKS weighing 1900 $50 lbs sold at
$9.15@9.20 that were easily 3O@35c
lower
The predicted rains over the corn belt
tailed to materialize and shorts were
In panic when offerings at the start
yesterday were few. There was a, gen.
eral scramble to cover. December
shorts were particularly anxious and
Did frantically for this month at the
| opening, while there were few selling
orders until prices advanced material.
~ The profit taking was 1~ite heavy a
little later but buying demand m
peared to have started which was not
| checked. commission houses being good
buyers throughout tho day a little To-
cal selling easing the market a trifle at
the close. Late reports from different
points In the corn belt showed general
~ clear and warm conditions.
The slump in live muttons was
checked. In the native trade packers
kept the $7.75 lid on but were forced
to shorter sorting in some instances.
and again bought fair grade down to
s7.50. Most OF the goot fat native ewes
sold at $4.75, few choice tidy weights
at IS, and medium fleshed and ex-
IRENE heavy sorts down to $4.25m4.60.
Stock eve buyers were active for the
breezy young ewes to which they had
access, the bulk selling at $525@5.50 on
g. firm toned market
Maurine OF Ottumwa called at the
Chas. Allen home Sunday They were
accompanied home by Mrs. Nye's faith
er who is in poor health.