Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-12-30

, than last year.
"A lowering Of wheat values with
regular holiday dullness. was the fea'
ture or the wheat trade last week. Thu
break Sn corn, an increase in the Wis.
IDLE supply, poor export business ant
! pressing factors. They offset the effect
OF reduction in the Argentine esti-
mates and Of a liberal milling trade for
| this season, which created less disposi-
ton to play the buying side except on
declines. They also caused some deser-
tons from the bull ranks among oper-
ators who never stick to that side for
any length Of time except on a big run
ming market
Looking Into the Future.
The trade has ahead Of it the pros
poets Of large shipments from Argen-
tia, for no matter how small tho croy
In that country there is always liberia.
exports In January and February
There are good crop prospects in thi,
country, which led to considerable sell.
ing of July and weakened that mar
ket. There Is also the prospect Of the
Canadian duty being taken off within
few months. What effect it will have IL
uncertain, as they have exported the
greater part of their surplus.
In the situation abroad there is notn.
ing especially bullish at the moment
Supplies are ample. Crop prospects
there are good and marketing Of native
wheat liberal. The European visible
however, is 5000 blu under last years
Receipts, while lighter than last
years big movement, are larger than In
preceding years. Local stocks are de-
creasing owing to shipments to mills,
and there is no burdensome supply
here.
There is a better feeling in trade
circles owing to the passage Of the cur
rency bill which it is believed should
create better supply Of money and
eventually help business generally.
December wheat closed in Chicago at
size. May at sob @9oAc and July
SIC, showing losses Of A@1hc, with
July leading. As compared with last
year prices are A@2Ac higher.
st. Louis lost IN @2hc, Kansas City
1&@1Ac. Minneapolis 1A@1hc, Du.
luth 1@1Hc and Toledo M41hc. Win
nipeg was closed from Wednesday, due
to the Christmas holidays, and finished
unchanged to Nc higher.
Foreign markets were closed part OF
the week. Liverpool spot wheat closed
Wednesday No higher to ac lower az
compared with the previous Saturday
while futures were Nc lower. Paris was
Nc higher to 1Ao lower, Antwerp de-
cllned &c, Berlin Nc and Buda-Pesth
sc.
Canadian Oats Factor.
Canadian oats are cutting more Of q
figure In the oat trade than Is general
ly supposed. Over 100 cars arrived here
last week by rail. part Of them being
standards. Cash demand is not large
and speculative trade light. A feature in
the situation is the large visible supply,
the light cash demand from the east
which is affected to some extent by the
Canadian offerings, and the heavy con-
sumption on the farms, owing to the
low price for oats as compared with
corn, and the indisposition on the part
OF interior holders to SELL Receipts last
week were 100000 blu, a decrease Of
$4,000 bu from last year. Shipments
were 100000 bu, against 100000 blu
last year.
December closed Saturday at 3SAc.
May at 40h @409sc and July at 39Ac.
showing losses of " to NC for the
week. AS compared with last year the
prices are 5A to TIC higher.