Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-10-01
Courier's Markets of World
CHICAGO DAILY
MARKET NOTES

The break in grains was chiefly re-
garded as due to the bull side becom-
ing stale. Bullish influences are re-
garded by many as having lost their
effect In the absence Of continued large
| outside buying and desire on the
part of longs to sell on all hard spots.
The export business in wheat Is said
by traders TO be the mainstay by
checking excessive short sales. Sem
timent last night was more fixed on
wheat. 1t was the general impression
among the big traders this morning
will see the end of the liquidation for
the present.
Corn prices at their lowest yesterday
were NC on September, csc on De-
cember and &c on May under the low
point made September a. This Is the
sentiment Is as bearish now as 1T was
bullish when prices were nearly 10c
higher.
1t was case Of the unexpected hap
pening in oats. Bulls had become con-
WINGED that 1t was impossible for the
market to break. Close observers Of
pit conditions said the crowd was
costly long and had stoploss orders
on it's holdings which began to be
reached when December touched ACC.
The low price yesterday was about
2@3o above the bottom figures made
on the break September IA. Export
business does not cause the enthusi-
asm on the buying side that it did.
For more than week traders have
bought on reports Of export business,
yet prices have declined about 4c with
in q week A 14c break in barley Of
lata making it relatively 1Oc lower
than oats, was also q depressing fac
tor.
Tuesdays hog supply was again
meager. but the big packers did not
enthuse. Armour announced where he
was at by staying out Of the mar
ket. A run of 1900 was picked over
at DC advance. but the appreciation
concerned only good hogs and was paid
under protest. The big local houses
took few and about 5000 had to be
carried over. Good heavy packers sold
at $S.lO, with a fair class Of mixed at
$s.25. AS the crop came from the
country it sold largely at $S.15@S.75,
but considerable shipping stuff went
over at $9@9.15. Eastern markets
were lightly supplied, creating more
demand here than late last week from
That source, but packers made no Sc
cret OF their intention to resume down.
ward revision Of prices at the earliest
opportunity. Spectators endeavored
to force the game, but desisted when
packers refused to spend their money.
More light stuff is showing up, indi-
eating that old hogs have been closely
marketed
Cattle trade was dull. Half the
fresh supply was branded and the rest
was mainly stuff consigned to packers
from other markets. Nothing choice
arrived and most OF the cattle put
away on Monday We're not taken out.
The advance car report indicated the
arrival Of about 10000 today and they
will be enough to hold prices down.
The best cattle on the market sold at
80 and at that it. was half-load trans
action. Western cattle were sticky at
25c decline from last week, 1880
7.75 taking the bulk, with lot OF little
Mexican stuff at $6.25@6.75. Western
markets were all full Of grass beef and
down east the trade was demoralized.
F. c. Petit, Anita, Iowa, was on
Mondays market with one load of
steers, which sold at $1025 and aver
aged 1878 lbs.
r. Schuttloffel, Walnut, Iowa, was
on Mondays market with one load of
yearlings. averaging 90s lbs, which sold
at $1,000.
Milling sales Of cash wheat at Chi
cago Tuesday were 10000 blu. and to
exporters 100000 bu, corn $4,000 blu.
and oats 10000 bu domestic and
100000 blu. to exporters.
An easier tone prevailed in the Chi
cago cash wheat market, No. 2 red or
No. hard on track bringing 21ac UNI
der December, and the same price was
bid for fifteen-day shipment. Offer
1ngs were not large.
Outside cash wheat markets were ac-
tive and higher early, but lost part of
the advance. st. Louis was up 1c,
Kansas City advanced 1@2c and Oma :
ha Nc at the close, although the last
named advanced 1@2c early. Mil
waukee was unchanged to 1c higher.
f1rmer tone prevailed at Minneapolis,
with bluestem No. northern at De-
cember price to Nc over and velvet
chaff at 1@1hc under December.
Corn Declines 3 Cents.
Cash corn in the Chicago sample
market yesterday closed weak and &c