Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-25
GRAIN REVIEW OF
THE PAST WEEK

OAS<1x4N ktL lew VI !
THE PAST WEEK !,
Climatic conditions in this country
were trifle more favorable this week
Early IN the week 1t was reported that
corn had suffered severe deterioration
owing to the prolonged drouth west OF
the Mississippi river but east of the
river rains have been fairly general
and the weather has been decidedly IA
vorable for corn, especially the late
planted. There were rains later over
Kansas, Iowa and Nebraska, which i'm
proved the crop outlook over those
sections, although some authorities
stated that some of the corn was be-
yond help and that in Oklahoma there
would not be enough corn raised for
home requirements. Corn is being cut
for silo In some OF the southwestern
country. The weather over the north
west was dry and favorable for the
spring wheat harvest early in the week
and later rains fell which greatly bene-
fited the outlook for corn.
The movement Of grain from the in
terror was of liberal proportions during
the week just closed. This was espec-
tally true of corn. Receipts of corn
were more than doubled during the
week owing to. the high premiums
being paid for the cash article.
Country offerings were not so liberal,
In fact, 1t Is was reported that not a
bushel Of corn had been bought on
bids sent out in the country. but the
country shippers were forwarding corn
freely on consignments. The move
ments of oats also was liberal, but
wheat receipts fell off somewhat,
though are still of fairly large volume.
The movement in the northwest show
ed noticeable increase and new spring
wheat Is coming forward to the mar
kets.
There was some improvement noted
in speculative trading on the board OF
trade. With the export situation
clearing up and with the big clear
ances of wheat reported from seaboard
points day after day, as well as sales
of cash wheat being reported to ex-
porters from this market almost daily,
prices were improved in the wheat
market and early in the week the ad-
vance was almost as rapid as during
the early days of the announcement
of the European war. Prices are close
to the high level established q week
or SO ago. There was more or less
realizing at top prices in all grains
which retarded the advance from time
to time. In corn, the dry weather over
the corn belt west of the Mississippi
river, which has seriously impaired
the corn crop, as well as the big de-
mand for cash corn from the east Off
set the effect of increase in receipts
and advancing prices were noted al
though values received some setback
of reports of rain over, some of the
drouth infected states. In oats there
were number of "bulp' features and
the price advance was keeping pace
with that in corn, and on some days
outdistancing corn and making up
some OF the big discount that this grain
ts now selling under corn.
A good trade was reported in cash
grain during the past week and prices
generally we're higher. The offerings
of wheat were smaller and of poorer
quality, causing wider range in prem
iums. Sales to millers, as we'll as to
exporters, were of fairly large volume.
In corn there was good eastern de-
mand, and the increase in receipts
were we'll taken care of. 1t was re-
ported that the advanced prices were
tending to shut off some of the eastern
demand later In the week 1t was q
big week in cash oats. Sales to east
during the entire week aggregated
about 100000 bu. daily and prices ad-
vanced steadily.
WHEAT--1n winter wheat strong
err feeling developed the past week. and
prices advanced some S99c above tho
to the close. Trading was active. and
there was little export business,
which was the main stimulus to the
market and the reason for the sharp
advance The almost positive assurance
that shipments could be made with
safety in the lower Atlantic ocean
stimulated the export movement. In
the cash market higher premiums were
paid for the fresh arrivals, especially
No 2 red wheat, which commanded ~
@4Ac over September prices, while
No 2 hard wheat brought premium
of A@2c and dark varieties premium
Of 1h@5c over September; best pre-
miums at close. Millers bought moder-
ately, and the fresh receipts met with
ready sale, mostly to local interests,
who sold against their purchases for
future delivery.
Early In the week there was very
| sharp break of S@12c in spring wheat
but part OF this decline was recovered
AS for several weeks prices were al.
most entirely nominal for lack Of offer
ings. Very small receipts prevented
larger trading. A fair demand existed,
and the few cars received met with a
fair demand. Stock is well reduced
there virtually is no wheat in public
elevators, and this enables holders to
gain good premiums over the prices
ruling for winter wheat. A little new
wheat is being received-only scattered
cars. Receipts for the week aggregated
80 cars. as compared with 80 cars for
the preceding week.
Gains Of 3B@5Hc were made in the
| regular wheat market during the week
just closed. The volume Of business
was larger than for several previous