Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-27
Courier's Markets of World
CHICAGO DAILY
MARKET NOTES

Bullish sentiment among the outside
trade based on war In Europe appears
10 nave no effectual check. The market
weakens for day and then turns and
advances higher than ever. Prices are
up almost soc from the low point at
the end of June. and enthusiastic bulls
look for much higher figures. Traders
say there is practically no hedging, and
with no pressure OF consequence from
short sellers prices readily respond to
moderate buying. 1t was commonly re.
marked that prices go up faster than
they decline. Bears are looking for a
break any time the buying ceases
Corn bulls say the deferred futures
are heavily oversold, and see no reason
for permanent declines All declines be-
low 70c for December have attracted
day December was up &c and May ur
1kc.
A report on the new clearing house
plan was made to the board Of direc-
tors at their meeting yesterday. It was
taken UP and discussed in sections. A
special meeting will be held Thursday
to work on It, 1t is said to be favorably
considered. Some Of the largest houses
In the trade welcome new system
which will reduce the margining OF
trades unnecessarily and make COM
plete settlement when trade is closed
The capital proposed on the corpora
ton plan Of $1,000.000 Is regarded as
too low, but this they say can be cas-.
lily adjusted.
Homer A. Coffman Of Keota. sold on
Monday one. load of 14000-lb steers al
5000, two loads Of 1862 lbs at $10f5
also car of hogs at 1925. The, cattle
were the last Of 122 head Of his sum.
mer's feeding.
E. F. Rohwedder. Wyoming, Iowa
sold on Mondays market 81 steers OF
his own feeding averaging 1883 lbs al
$10.25
]. F. Rohwedder Wyoming. Iowa
sold on Mondays market 10 steers OF
his own feeding averaging 1349 lbs at
1915.
Premiums on No. red winter in the
Chicago sample market declined lie
Yesterday, demand being less urgent
Sales were at 303kc over September
No. 2 hard was also easier at 2@21sc
over September. No. 2 red, August OF
September shipment was &c over Sep
TENDER, and No. 2 hard. August ship
ment, ! nc over Septemer, and for
September shipment &c premium over
the future. There was $4,000 blu con-
tract sold to go to store Monday after
noon. Country offerings showed a
marked Increase on the bulge.
St Louis cash values were advanced
2M3c. with good demand, while Kan
sas City was unchanged: Omaha un
changed TO hc higher and Milwaukee
unchanged to lie higher. A good demand
existed at Minneapolis for spring
wheat at higher prices. and No. blue.
stem at &c over September, and vel.
vet chan at 2@4c over September.
Cash corn markets were unsettled
Chicago being unchanged to NC higher
while st. Louis, Peoria and milwaukee,
were unchanged to nc lower. Kansas
City 1c lower, Omaha unchanged to Nc
lower and Minneapolis unchanged
Country offerings and consignments
were smaller.
Export demand for cash oats was
less active and sales difficult to con-
firm. The domestic demand was good
Sample values were unchanged to w
higher here, 1@1kc higher at st
Louis, Omaha nc higher, Peoria Il
higher, Milwaukee 1k@Ac higher. Min
neapolis Nc higher and Kansas City
unchanged. Country offerings were