Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-15
CHICAGO DAILY
MARKET NOTES

ii MARKET NOTES !
Shipping sales Of cash wheat al
Chicago Thursday were $4,000 blu to
mills. corn 100000 blu and oats $4,000
blu. Charters were for 100000 blu oats
at &c to Buffalo
Red winter wheat in the sample mar.
ket was In smaller supply and pre-
miums Y @,1sc higher than the pre-
vious day, sales being 1c over Septem-
Der for No. 2. Hard winter was un-
changed at September price to Nc un-
der for ordinary and h@tc over for
turkey. The No. 8 grades Of hard and
red were weaker at slightly wider dis
counts under the No. 2.
Premiums on spring wheat at Min
neapolis declined 1c as compared with
September, sales being at 8@12c over
premiums. although few cars Of very
choice sold at 13@14c over to go to
outside mills. Offers Of new wheat to
arrive are increasing, and No. north.
ern bluestem, ten days, sold at 5@6c
under spot prices. Velvet chaff was SD
SC over September.
Southwestern cash markets were
easy, ST. Louis being 1a@1c lower and
Kansas City unchanged to &c lower.
Omaha unchanged to Nc lower and
MAWduAS0 &c AOWcr.
Offerings Of corn in the sample mar
ket were small as most of arrivals go
on previous sales Values unchanged to
Nc lower, demand being good, despite
q slow eastern call. Country offerings,
however, were fairly large and pur-
chases to arrive in the last two days
probably aggregate over 100000 bu. st.
Louis was Nc lower on No. . yellow
~kl>
ha was Nc lower to Nc higher. MIL
waukee Nc higher and Kansas City
and Peoria unchanged.
Shipping call for cash oats was fair.
New York confirmed export sales but
failed to report quantities. Sample
values were unchanged to Nc lower.
st. Louis was unchanged to Nc higher
on white and h@1c higher on mixed.
kee was " higher. Omaha unchanged
to Nc higher and Peoria unchanged.
Exporters are mostly bearish on
wheat and say they see no indication of
advances being sustained. The trade is
approaching the tine when increased
hedging sales for the northwest and
Canada will be on, and the bears say
there must be an increased speculative
v
the effect Of the reopening OF the ex-
port trade, operators are mixed. Some
look for an advance and a break, and
q few the reverse.
Corn has reached price where eau
ton Is advised In making purchases by
traders who have been bullish. Rains
yesterday were reported in spots in
northern and northern central Illinois.
INh NJ he,
day. The crop is expected to be bene-
fitted. This with larger sales by the
country created bearish sentiment.
Bulls said there was nothing to get ex-
cited over, as they expect demand for
all the corn that comes in. From the
way the market rallied after the breaks
1T gave the bulls courage.
Good carrying charges in oats led
cash handlers with elevator room to
hold them for storage charges. They
are hedging them in the pit, but find
the local crowd bullish and disposed to
buy on oil breaks. Sentiment at the
close was bullish on the theory that
oats are selling at too great a discount
under corn for prices to have much Of
a sustained break. Farmers are said to
be binning their oats, and some Of
the receiving houces predict a moderate
movement.
Traders call attention to the recent
action of the department of agriculture
In sending out advice to farmers to hold
their grain and produce, and not sacri-
nee 1t. At the came time the advance
in prices which is by no means above
normal, has caused congressional in.
quiry.
I,f eh} - <onA
err, Unionville, No. was on we1nes-
days market with two loads Of year.
lings fed by 4. A. Latta of Purdin, Mo.
"a load Of Herefords and load Of
Angus, at $s.65. He reports 1t dry in
his locality.
F. and S. Miller, prosperous young
stockmen from Henry county. Iowa.
were represented on Wednesdays
market with S5 head of cattle Of their
own feeding, averaging 1894 lbs, at
1890.
Thomas Kelleher of Reynolds, ILL.,,
had one car of mixed cattle from his
big feed yards again yesterday. Among
the shipment today were steers aver
aging 1888 lbs, which sold at $10.25.
This makes Ave cars of stock Mr.. Kell-
cher has had on the market this week.
Ed Mernin. the big shipper from
Sulphur Springs, Ia, had one car Of
hogs on today's market
H. t. Smith, good farmer and feeder,
of Ford, Iowa. was on Mondays mar
ket with cattle.
E. L. Tangerman. large operator in
northwestern Iowa was on Wednes-
days marlset with hogs.
Corn has steadily deteriorated, and
except in few localities, has been
seriously injured" said the weekly
Missouri weather crop report. an
many counties even copious rains
would be too late to materially benefit
the crop Pastures generally poor. Po-
tatoes short and rotting in some sec.
TONS