Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-07
The Courier's Complete Markets Of the World

ors. Stocks in public elevators were
smaller of hard wheat which decreased
about $4,000 bu, and the other grades
show small decrease. Receipts for
the week, 81 cars, as compared with
Ill cars The preceding week. There
were taken out of public elevators
l61.605 bu. and out Of private ware
houses 1879 cars and no bu.
In spring wheat sympathizing some
what with the weakness In the specu-
lative market, an easier feeling exist
ed and prices declined III @2c, The
receipts have been light and the de-
mand Of very moderate character
The trading was entirely to supply do
nestle millers and comprised the va
rious grades, hut mostly choice north
ern. Stock in store, that Is public ele-
vators. decreased 1000 blu. All fresh
receipts were taken up readily by eth
er SPECTATORS to sell again In the spec
ulative market. or to milers. Receipts
for the week aggregated "a cars,
against "a cars for the preceding week.
Withdrawals from public elevators
were 100.92S bu and from private
warehouses cars and $500 blu.
Regular wheat was lower, and this.
too. In the face of appearance Of the
much despised green bugs In central
Oklahoma. Advices from there say no
damage has been done thus far De-
clines for the week were 11a@1Mc.
There was a lack Of buying power.
while at the same time there was no
great amount Of selling pressure to be
seen. The corn market proved to be
the leader. The price Of that grain sold
downward, and wheat trailed on. There
was continued selling by longs" in
the May future, and when the demand
a rDa n lhGnrh r..
ferings. there was selling of May
wheat at Winnipeg in order to get rid
I of that month. 1t was believed few
short weeks ago that the .'longs" in the
May future at Chicago were prepared
to make stand in that month, and, as
they were believed to be In control OF
the cash wheat held here. the outlook
for the Shorts" In May was anything
but encouraging. Rains in the south
west where most needed assisted in the
declines established, as they caused
heavy selling by longs as well as the
putting out of "rhort" lines. There was
a lack of demand for cash wheat from
all channels. There were few sales on
interior milling account and lot was
sold now and then to shipping inter-
ests. While 1t was not generally known,
but it was true. nevertheless, there
were a few small sales of hard winter
new crop to go abroad. Daily advices
from Liverpool told Of the manner In
which Yankee" wheat Of the new crop
was being pressed for sale there, and
/ Of the reluctance Of the trade to absorb
it around the present asking price.
Northwestern and southwestern re-
ceipts were fairly liberal, and 1t was
said by grain men in both Of the great
belts that the receipts were keeping up
fairly liberal. with the principal cause
the ideal crop promise in the winter
wheat belt. An accepted authority
places the condition Of winter wheat at
the BEGINNING Of the period of spring
growth at 91.7, which is practically the
same condition as was reported by the
! agricultural bureau at Washington on
April !. 1918, and is points above the
average condition April for the past
ten years. The condition reported Dec.
was 97;2. the decline during the
winter being about as usual. year
AGO at this time there was 100000
acres Of wheat winter killed, while this
year the abandoned acreage Is the
smallest in decade. Last year there
were 31,699,000 acres harvested, while
there is now standing 100000 acres.
The present crop promise Is trifle
over 60O,O0O,OOo blu. compared with a
production last year of $4,000. 900 bu.
The crop has started this spring we'll
rooted and strong, with good color, and
with less than normal rainfall between
now and harvest bumper crop may
be looked for. There has been an ex-
ceptionally mild winter. which is more
than likely to bring out complaints Of
insects. but damage from insects Is
generally a minor factor.
CORN--Liquidatio by longs has
been IN a large scale and prices have
lowest prices for Argentina corn to
come here were made--63c c. /. I. June
shipment--and the market at Chicago
acted in sympathy. The country specu-
lator who was long large quantity OF
this grain. sold 1t out at the best price
obtainable. Some of this corn carried a
profit with 1t, and some OF 1t had q
loss attached to it. In addition to the
increased offerings Of Argentina corn
and the reported sales to the United
States of 100000 blu, was the lack Of
demand for our own cash corn at Chi
cago The south bougL sparingly, but
the east refused to take hold. These
conditions. however. were partially OFF,
set by the email run Of receipts to this
market Eastern roads propose to give
the handlers of Argentina corn all the
help possible. 1t was said that the
New York Central and Erie railways
have given notice OF reduction in
rates Of 203c on Argentine corn--ef-
fective May from the seaboard to
Buffalo and intermediate points. The
! Liverpool market ruled as a result Of
increased offerings from the southern
hemisphere and favorable weather there
for movement The volume Of bust
ness In corn was larger than in wheat
and oats combined. Spring farm work
was hindered by wet weather early in
the week. which prevented not only
seeding operations. but the Smelling
and movement Of corn as WELL The
roads in the interior are in muddy
condition and are impossible with
loaded wagons in some sections.
The coterie Of eastern men who have
been on the "bull' side Of corn for
! many weeks arc believed to have
liquidated the larger part Of their May
holdings. There are others in the
trade who still adhere to their May
lines and who are making this stand in
the belief that with farmers busily en-
gagged with spring work there will be
heavy falling off in the offerings of
cash unless much higher prices rule
There is no chance for a export bust
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