Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-12-09
GRAIN MARKETS ARE STATIONARY
DURING WEEK; WEATHER UNREASONABLE

both on milling and export account.
In addition to continued forwarding
Of hard winter wheat that had previ-
ously been sold to the east, there were
additional export sales last week. A
part of this was sold at &c over De-
cember In store at Chicago.
CORN--A very fair speculative trade
occurred under this head during the
week just closed and while sentiment
was mixed, the tone at the finish was
quite firm. Final figures were 1870
May gained "a @1Ac and July lie.
Orange Judd Farmers report for Dec.
says husking is largely completed.
but shows no material change In esti-
mated rate Of yield. After allowing for
acreage on which no corn In any shape
was produced the total crop Is esti-
mated at 2,36S,O00,oO0 bu. The quality
Of the crop has been further reduced
by excessive moisture during the past
six weeks and complaint OF mouldy
and rotten corn and corn down in the
mud is widespread. The situation at
the outset was rather weak and prices
worked lower, principally because OF
the decline In wheat. December SOLD
off to 69% 669Bc, while May touched
marketings We're considerably larger
than last year, but country offerings
were generally reported as light and
foreign markets were higher. The
weather map most of the week showed
practically the same conditions over
the corn belt which prevailed the
previous week-fog, rain and high
temperatures and shorts covered
quite freely on the decline. Foreign
statistics were regarded as publish
and those from the domestic field were
favorable to holders. The soft weather
was calculated to further delay market
ing and anxiety on the part of Decem-
Der shorts" put that delivery to a
full 1c premium over the May. Cash
values ruled relatively strong and in
directly helped the speculative mar
ket. At the same time merchandising
conditions were little, if any, improved
as country elevator people as well as
local shippers considered 1T risky to
move corn as long as the weather was
damp and warm. Nevertheless, south
west points reported good sales for
shipment and all the Missouri river
markets again went above the Chicago
parity On the bulge following the
early break. the December bulged to
1850, while the May sold to II y @71Ac|
and July 70s @71c. Scattered llquida-
ton by holders followed the advance,
but most Of the gain held to the last.
Worlds shipments were again smaller
at 100000 bu. as compared with p
2SS.000 bu last week. and 1880 bu
in 1912.
Visible supply decreased 3oS,ooo blu,
against 10000 decrease same week in
1912, and now totals 2O26,000 blu, or
sol 900 bu larger than reported one
year ago. Local stocks decreased last
week 215,000 bu and are now $4,000 bu,
or 10000 bu smaller than one year ago.
Local contract stocks were reduced by
$4,000 bu last week, and are now 1884,
900 blu. or 1000 bu larger than re-
ported same date in 1912.
RYE-The market has ruled rather
steady the past week and no change Of
consequence occurred in prices. The
receipts were only moderate. and con-
sisted mostly of the under grades.
chiefly No with only q small portion
contract grade. or the receipts, a part
went into store direct on purchases
made to arrive and not offered for sale.
Inquiry was exclusively on domestic
account to supply the wants Of mlllers
and other manufacturing concerns,
with little taken on speculative ac-
counts Buyers wanting choice rye had
some difficulty in supplying their
wants Transactions were nearly all
in the under grades. No export trade
then at seaboard. From Aug. 4, 1913,
to Nov. II, 1913, exports from United
States were reported at 224,000 blu.
against $4,000 bu for SINE period in
1912 Exports from Russia, Danube,
America and Germany combined from
Aug. 4, 1918 to Nov. II, 1918, were co.
$4,000 bu against 14,576,000 bu for
ply increased 5000 bu and Is now g.
1000 blu, compared with 1,SSs,000 bu
one year ago. Local stock-private and
public-reported at $4,000 blu, against
$4,000 bu last week. and 10000 bu
one year ago. Receipts for week 81
cars, against as cars the preceding
week No. 2, track lots, local or Illinois
billing, in moderate demand and sup
ply light Sales at 64hc, No. 3 quot
able at $4,000, with sales at 57k@
60c. No. 4 sold at 50@53c. Sample
grade sold at soc.
BARLEY-There was only one day
the past week when there was what
could be called really good trade, that
was on Wednesday. Previous to that
the weather was too dark for trading.
On the day mentioned, it being bright
buyers came out in good force. There
has been an accumulation Of consign-
ments on the market, so that there
was good supply. For about week
previous to this, car lots had been pill
inr up, dark days one after the other
After the squirt in business for day,
the market became quiet again, for
arrivals were small, the held lots were
out of the way, except such as were
held on limits. and there was a ma
terially reduced supply. At the same
time the demand was Of a tame order
again. Buyers seemed well supplied
for the present and some also have
made good provision for future needs
The above covers the market for malt
ing barley. The feed grade was in fair
demand. and brought about the same
figures as the poorer mailing. The Of
ferngs of screenings were taken fair
ly. and those of the best quality
brought above previous outside quota
ton. Straight country runs Of mailing
ruled firmer and there was about 1c ad-
vance for fair to good quality. The
poor northern elevator mixture did not
improve Some Of this sold at SIC.
Otherwise low grade mailing ranged at
54@57c. Fair to good quality, but
oats ranged at 5s@60c, and good mel
low. but not bright sold at 64M6Sc
Choice to fancy remaining scarce held
to the late premium. having a range
of 70@7Sc, but there was none really