Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-13
CHICAGO DAILY
MARKET NOTES

Shipping sales of cash wheat at Chi
cago Tuesday were 10000 bu to mills,
corn 100000 bu and oats 100000 bu.
Charters were for $4,000 bu wheat and
10000 bu oats to Buffalo, 1850 bu
oats to Port Huron at &c and 10000
bu oats to Georgian Bay at NC. Rates
to Buffalo hc on wheat and Nc on
oats.
feature in the Chicago sample
market was the relative firmness OF
the red winter as compared with hard,
although discounts were reported as
wider as compared with the Septem-
Der early. At the finish No. red sold
at September price to Nc over, against
September price to 1c under the previ-
Gus day. No. hard was September
price to Nc under for ordinary and 1c
over September for the turkey variety.
Offerings of spring wheat are very
small.
Outside cash wheat markets devel-
oped a reactionary tendency, st. Louis
being off &c, Kansas City unchanged to
Sc lower, Omaha &c lower and Mil
waukee 1c lower.
Premiums on spring wheat at Mime
apolis were advanced NC as compared
with the September to 11@13c over for
No. / blue stem. New No. northern
blue stem to arrive within ten days
was $1.08@1.1O at close, against $1.14
@117 for spot old Country offerings
in the northwest all increasing and
wheat is being forwarded to terminal
points.
Despite small receipts cash corn val
ues weakened in all markets except
Kansas City, which was unchanged. A
marked increase In country offerings
was reported, but they were mainly
held above the market. having been
bought by country shippers on the
basis Of Mondays close.
Premiums on yellow were off about
&c as compared with September. Sam
pie values were 1@1hc lower hero,
1h@2c lower at Milwaukee, h@Ac
lower at Peoria, u Ole lower at Omaha
h@2hc lower at st. Louis.
An active shipping demand for cash
oats failed to have much influence on
the sample market here, and prices
were 1@1hc lower, but closed firmer.
st. Louis and Kansas City were h@1c
lover, Omaha 1hc lower, Peoria no
Nc lower, and Milwaukee 2@2hc
lower.
Country shippers are consigning
corn and oats moro freely.
II think the whole situation is q
weak one and the market has got to
take the hedges from the movement of
the spring wheat CROP" says H. Il.
Rycroft. my theory is that if we are
going to have any high prices it will
n hn h1Yt m
We have big surplus In this country
port for the moment are blocked. How
long they will remain 1t is difficult to
say. But one thing is certain, until
tho financial situation the world over
becomes normal, and that, as you well
know. will take long time, export
business will have to be done under
great difficulties. In the meantime
we will be drawing nearer to harvest
in other countries, such as the Argen-
tine, Australia, and later on India. The
Balkan war demonstrated to the world
that women, girls and boys in foreign
countries can be depended upon to
large degree not only for harvesting
but also blowing and sowing
"A positive famine for corn during
August and September is indicated by
our reports from the east" said e. W..
Wagner. Nobody has an overnight
supply, Argentine arrivals unfit for
use. East will be compelled to buy in
the west, and will have to pay famine
prices. Argentine corn sold in New
York Tuesday at 85c c. !. T."
Thrashing returns from Minnesota
and South Dakota to the Northwestern
Railroad indicate an average yield Of
1873 bu wheat In Minnesota, oats Al
blu and barley 27.5 blu. These come