Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-10

exactly the reverse Of those existing a
year ago when feed was abundant and
| cheap. the industrial sky unclouded and
everybody had unbounded confidence In
| the market future Bankers have ag-
gravated matters by shaking out"
growers and every factor entering into
| the equation has favored premature
marketing.
Cattle trade Is acting decidedly bet.
| ter. Since the low spot in December
bullocks in good condition and possess
| Ing quality, have advanced 60@60c per
| cwt. Cheaper grades show less improve
ment, but the whole list Is working
| higher. While this 10 no time for a
! boom, a more stable market is conf
IDENTIFY expected. The feed situation Is
more favorable to the grower and
further declines in corn may have the
effect Of checking liquidation. That no
cheap beef is In sight is evident.
Hogs are not cutting up so profitably
as recently. but, by the same token.
they are not losing packers a dern cent.
Continued offerings Of Argentina
corn have played havoc with the do
| mostic shipping trade. New York
message claimed 100000 bu Of Argen-
tine corn had arrived at United States
s, 000, 900 bu had been imported since the
F., duty was taken of. Fifteen cargoes
are either enroute or loading for this
country. A cargo Of 100000 blu OF
Argentine corn was bought by the ].
Roesnbaum Grain Co. yesterday, de-
livered In sacks at gulf ports at Chi
| cago May price and was hedged by
sales of May. Another cargo Of 200,-
900 blu was offered at the same price.
Corn for May shipment was offered at
gulf ports at 65Ac. delivered in sacks.
For the first half Of January or Febru-
airy shipment CSC for old corn. April
May-June~ shipment, c. !. +. New York,
at SAC. Liverpool cables said Argentine
corn was offered there at sic.
With Argentine corn at Galveston at
CSC. or about the Chicago May price, a
to TIC at Texas common points where
trade is largest This. he figures. is
5@8c lower than corn from Kansas
City can be put down.
Corn prices have dropped &c within
! two weeks and are off 10Ac from the
high point last September and are
lower than the highest figure made last
held last night showed a loss. The
trade on the whole are moro bearish
now than when prices were and 10c
higher, despite the enormous ilquida-
ton. Shorts have covered freely, but
traders believed that with no increase
in the cash demand or In the specu-
lative buying a lower level may be
reached Reports from Central Illinois
said farmers there were through selling
corn, and predicted a lighter movement.
Cash people here said there was little
demand for what corn there is moving.
and that there Is close to 100000 bu on
track here Out Of twenty one COM
mission house opinions last night,
nineteen were bearish.
Demand for cash corn at Chicago
yesterday for shipping account was
small, sales aggregating only $4,000 bu.
Offerings In the sample market were
not large, but not all were sold. Little
increase Is anticipated for some time, as
country holders are not disposed to
SELL and offer very sparingly. Receipts
today are expected to be around $50
cars.
Sample values were unchanged to nc
lower at Chicago and Milwaukee yes
terday. although some OF the receivers
here said prices were off 161Hc at the
close in sympathy with the futures.
Some i, them believed that low grades
were off enough for the time being. and
expect to see them work closer to the
May although the improvement is to
be slow. st. Louis was unchanged to
1Rc lower, Kansas City k@1c lower,
Omaha 1sc higher to nc lower and
Peoria &c higher on No. and No.
mixed and Nc lower on No. 4 yellow.
Milling demand for cash wheat was
slow, shipping sales being $1,000 bu at
Chicago ST Louis reported better de-
mand, but prices there and at Kansas
CITY were unchanged. Omaha was n %
Nc higher and Milwaukee 14c higher.
Bluestem No. I northern at Minneapolis
sold at 1c over to 1c under May, and
velvet chaff at 1m1 ac under May. Sales
to arrive were $4,000 blu.
A marked improvement was notice.
able in the demand for cash oats yes
terday sales here aggregating 100000
bu with rumors Of much larger sale.
The east was the best buyer. and it Is
ella lined that the pressure OF Canadian
was off for the time being, there being
some export demand in evidence Prices
here and at Milwaukee were unchanged
higher ST Louis unchanged to nc low
er and Peoria Il @hc lower.
eve offered some Chicago No. corn
Wednesday night to Liverpool on a
basis Of 59c T. o. b. cars here, and our
friends cable us that our price is fully
INC per bu too high, Argentina corn
being very much cheaper" said a cash
dealer.
St. Louis Grain Futures.
st. Louis, Mo-, Jan. 9.-The closing
grain futures follow: ~
wheat-May, 1k@91%c; July s5hc.
Corn-May, 67Bc; July, $3.50.
Oats-May, 40kc; July, 39Ac.
Minneapolis Closing Wheat.
Minneapolis, Mimi, Jan. 9.-Closing
wheat--No. / hard. S9h@S9Mc; No. 1
northern. SeM@S6Mc; No. 2 northern,
S3M 1S5%c; No. 3 wheat, S1% @83Mc;