Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-06
CHICAGO DAILY
MARKET NOTES

Wheat bulls last night said there had
been break enough. The local pit ele-
ment. they asserted, disposed Of its
holdings at the start, and many were
said to be short. The opening price
yesterday was in the bids and there
was a good profit in them at the close.
Conservative commission houses adj
vised against the short side on declines.
| A bear discussing such a course said
when the market gets ready to break
| the crowd will have no short wheat out,
and the few shorts will take advan-
| tage Of the first decline of 1c to cover.
! He does not expect the market to break
! this week.
Corn specialists say their market is
more Of a two sided affair than of late.
1t was noticed yesterday that number
of the local bulls who have been active
buyers of late unioaded yesterday,
! while several Of the larger operators
| increased their lines on the decline. Pit
! traders said the Armour house has sold
September freely the past two days
The Bartlett Frazier house is bullish,
and says advantage should be taken to
buy on breaks. They believe that mois-
! ture Is deficient In many sections of
the corn belt, and it would not surprise
them to have a dry weather scare. The
I.amson house calls attention to the
! light farm reserves, and expects a de-
mand from the drought stricken dis
tricts.
John c. Allen, Dexter Iowa, market
! eel Wednesday two cars of mixed steers
and heifers. yearlings. averaging 1874
/ lbs, most of which sold to Armour &
(, Co. at $3.50. Mr.. Allen reports excellent
/; prospects for crops in his locality.
II. w. Freyermuth, one Of Iowas
best hog raisers, had in two cars Of
| hogs Of his own feeding, which sold for
$S.22h and 1925, which speaks we'll Of
Mr. Freyermuth as a hog raiser.
A Kansas City cash handler who was
here yesterday said there will be no
more competition for the cash corn
! from there hereafter. as they are about
through, and the demand has fallen
off, and cashscorn is selling at about
! the same prices as futures. Gardiner B.
| Van Ness had advices from Iowa and
| Illinois that there is to be a fair move
ment from the country that it Is to
string along all month.
Shipping sales Of cash grain at Chi
cago Thursday were $4,000 bu wheat,
100000 bu corn and $4,000 bu oats.
Charters were for 100000 blu wheat at
| nc and 425,000 bu corn at 1c to Buff
! falo. Seaboard reported 100000 bu old
No. 2 hard winter and $4,000 blu Mani
tobias and durums sold for export.
While sales of cash wheat to mills
| did not assume the large proportions
as on the previous day, the demand
| was fairly good. $4,000 bu being taken,
/ in addition to $4,000 blu old hard winter
for export and $4,000 bu new. A bid of
95%c, Chicago, was made for round
/ lot for export A sale Of 100000 bu
contract spring was made to mills at
CSC T. o. b. There was some business in
new crop winter for export done via
| tn, gulf and the seahoard that was not
reported Duluth sold 100000 bu Duluth
No. l northern, now at Buffalo, to New
York exporters. cleaning up all the
Buffalo stock except that owned by
mills and confirmed the sale of 100000
blu the previous day, including 100000
bu for export.
| Toledo sold $4,000 bu red to mills.
Kansas City sales Of $4,000 bu No. 2
hard were made at $3.50, equal to 90 Nc
Chicago.
Sample values Arkansas City and
Milwaukee were unchanged to nc
higher, ST. Louis unchanged and Oma-
ha unchanged to NC lower. Bluestem
No. / northern at Minneapolis sold at
| IA @31ac over July and velvet chaff at
| TX @1Ac over July. Minneapolis re-
points having the same freight rate to
Duluth and Minneapolis are shipping to
| the former market, sales being made
! to arrive the previous day at 4c over
July, or nc higher as compared with
the future.
| Demand for cash corn yesterday was
| - 1.,Sr<
sample values were easier in all mar
kets. Chicago being u al lower, while
ST Louis was unchanged to 1c lower,
Kansas City unchanged to NC lower,
! Omaha unchanged TO NC lower. Mil
| waukee unchanged to Nc lower, and
Peoria unchanged to Nc higher. Re-
ceipts at Chicago today are expected to
be around 400 to 450 cars
+. Cash oats sold readily yesterday, in
Guiding in the days business being
| 10000 blu standard in store at July
price to NC lower. Sample values were
A@kc lower here Unchanged to NC
lower at st. Louis and Omaha and I'M
changed to Nc higher at Peoria.
Newton Noecker, extensive feeder Of
Washington. Iowa, marketed 80 hogs
avera ging $40 lbs. Of his own feeding,
Wednesday at $500.
j. F. Mommsen, Bryant, Iowa. mar
keted Wednesday one load Of 1425-lb
steers at So.
s. S. Cromer, Clinton, Iowa, had one
load Of steers on Wednesdays market
at $3.50, averaging 1924 lbs.
! Broder Boysen, Deloit, Iowa. market
ed Wednesday drove Of 81 choice 1875
| =, oto OF Nd ooiv
| lbs at 1920
gates will attend open house at the
power house and dam of the Missis-
| sippi River Power Co.
| MONTANA MAN