Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-31

vators, increased 5000 bu, but this
was wheat taken out of private and
placed in public houses. All receipts
were taken up readily by. either specu-
lators to sell against, or millers. Re-
ceipts for the week aggregated ia cars,
against 60 cars for the preceding week.
Withdrawals from public elevators
were 99,235 bu and from private
warehouses 40 cars and 1888 bu me
stock OF No. hard and No. northern
In public elevators was reported at
EOS 900 blu. against $4,000 bu the pre-
vious week and 2,325.00O bu year ago.
The trend or values was uncertain.
The matter of sentiment was mixed.
and the volume Of trade, while fair.
was small when compared with the
business in corn. Price changes were
continuous and narrow. with losses OF
&c for nearby and advances OF 80
NC for the deferred. There was lit-
tie on which to put out short lines.
as the ideal crop promise mas. some
believe, been fairly we'll discounted.
AS to accommodating line OF any or
the futures and standing for an ad-
vance and accompa nying profit, there
were few who cared to take chance
The market was In no condition 10
take on large offerings and digest
them. There was an absence OF buying
power save on the sharp price recess
-
what was to secure profits whenever
profits were available. feature or
the market was sales of new crop Tor
month Of June and UP to June rs ship
ment. The price and quantity TO
change hands were not learned. The
dullness in the cash wheat market
was against the price. There were Few
and scattered crop reports received "a
from the southwest, and these were all
favorable, with the possible exception
of a few places where the high winds
have blown the earth from around the
roots. There were reports OF dry
weather in both the northwest and
southwest. with fears Of conditions
changing for the worse, but the Sec
tons where moisture was needed was
visited by either rain or snow and the
talk Of drought checked for the time
being.
, CORN-A big. broad market. with
changes small-h@Nc lower for near
for the week Every interest In the
grain trade of the world was to be
seen In corn There were many specu-
lators with profits, and they secured
them while they were within reach.
Many were obliged to suffer losses.
Prices changed continuously. and some
Of the changes were surprisingly large.
The big price swings were made by
concerted buying or selling. Profess
SIGNALS in corn we're willing to follow
any pronounced ACKNOWLEDGEMENTS
as buyers Sentiment. while favoring
the bull" or "long" side. changed al
most daily. Market conditions are
abnormal The purchases for impor-
tation Of large quantities OF Argen-
tine corn were the features Of the
week. These purchases. with the first
lot~ ~R ~, nit -
south or the east. 1t was expected by
many, would be followed by sharp
price losses and a subsequent switch
ing Of the speculative world to the
bear" side OF the market. The re-
ceipts Of this grain served to whet
the appetite of cash buyers. and the
/ taking Of our own corn at Omaha, Kan
sas City. st. Louis, Peoria and Chi
cago was on a large scale. Weather
| in the southern hemisphere was favor
able for harvesting the corn crop and
hauling the corn to the ports after
/; having been shelled and sacked. A
cargo Of Argentine corn was received
! at Galveston, Texas, Wednesday last,
and 1t was said to contain 5000 bu
new crop. Five cargoes are to follow
the receipts Of this shipment-the pur-
chases Of one concern. The first cargo
| of Argentine new corn was shipped
last Wednesday, and it is due to ar
rive April rs. BY the end of May
there will be 100000 bu Argentine
corn delivered at Galveston.
The Agricultural Outlook, published
by the United States department of
agriculture says that a considerable
quantity Of Argentine corn is infested
with weevil. That samples Of screen
ings from practically all Of the car
goes have been submitted to the
bureau Of entomology for the purpose
Of searching for new species, none of
which were found: that wide diversity
Of opinion exists AS to the chemical
composition or Argentine corn as com
pared with the dent varieties Of the
| United States: that while the data
available are not sufficient to Justify
the drawing Of any definite conclu-
sions. the results Of the chemical
analysis Of Il limited number of sam
pies of Argentine corn as discharged
| at New York indicate that the corn is
ical composition, to our dent corn as
| loaded for export at our Atlantic and
| gulf ports. A Texas message report
ed the newly planted corn as above
the ground.
OATS-There was fair buying Of
| oats during the early days Of the week
due to strength in corn. but the mar
| ket failed to- show Independent action
and declined readily when corn re-
acted. There was fair volume Of
business in buyins OF July against
sales of May which widened the spread
| between the two deliveries somewhat,
and there. was also buying of Septem-
her against sales Of July. Outside trade
was rather limited. There were numer-
GUS renorts that seeding operations had
commenced III Illinois. and that unless
prevented by unfavorable weather
would be fairly general within two
week There were also reports Of seed
ing operations from other sections Of
the central states, with indications
that good acreage would be put in.
Soil conditions we're generally report
ed as good. Less was heard of Ca
madam oats. United States depart.
ment or agriculture estimated the
worlds crop Of oats for 1913 at ASIA
10000 blu. against 4,61S,s44,000 in
1919.
RYE-A firmer feeling developed the
past week and prices quotably 1c high
er. A fair demand existed and the fresh
arrivals were scarcely sufficient to
supply the wants Of buyers. Trading
was entirely local. domestic manu-
featuring concerns taking the offerings
lc