Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-09
GRAIN REVIEW OF
THE PAST WEEK

Wheat-Climatio conditions in this
country and Canada during the week
just closed were mostly favorable. In
the principal corn and winter wheat
states growing conditions we're salts.
factory, except in the Ohio valley,
where the wheat Is heading short ow.
ing to a drouth. and crop reported as
suffering. Considerable damage from
Hessian fly is reported from Illinois,
and to less extent from Iowa and
Missouri Excessive rains fell in Sec
tons of Kansas and Nebraska. The
corn crop was reported as making
good progress in southern and western
sections, and planting is nearing COM
pletion in the northern districts. Soil
is generally In excellent condition.
Spring wheat conditions favorable.
Acreage thought to be slightly less
than last year. Reports from the Can.
adam northwest were generally favor
able, rain being reported in consid
cradle portion of the western pro.
vinces. Reports as to the condition Of
oats were somewhat conflicting. Rain
Is wanted in good part Of the area.
Good many corn stands of poor color.
Hay and pasturage continues In good
condition over most districts west Of
the Mississippi and over the northern
section to the eastward, but In the
Ohio valley and to the southwark they
are nearly everywhere short and re-
ported as suffering for rain
The movement OF grain from the
farms and interior elevators during the
week just closed continues Of moder
ate proportions, though somewhat lar
ger in the aggregate than recently re-
ported. Receipts at the leading ter
minals in the northwest were moder.
ate. while marketing In the west and
southwest were somwhat enlarged,
more particularly In sections where
field work is completed. More corn
moved through the central west and
locally receipts we're larger in the agS
gregate. Shipments of grain eastward
were very liberal. and arrivals at the
seaboard quite heavy.
Wheat was active and somewhat I'M
settled. but finished lower than week
ago. Early, the tone was stronger and
values tended upward. Buying was of
good class and due In part to bulge in
corn and "bullish" routine statistics
Dry weather talk from the Canadian
Northwest also proved minor "bnll"
help. Realizing sales by holders fol-
lowed and all Of the gain was lost
Private crop reports on domestic out
look we're "bearish" in the main and
rains fell in'the winter wheat sections
where needed. Corn displayed decid
eddy strong tone the opening days and
held part Of the advance to the close.
Receipts were heavy as expected. but
the increased movement did not have
as much effect on prices as expected,
and Short sellers found offerings
quickly absorbed. Speculative buying
was Of the influential sort. Improved
merchandising conditions proved a
"bull"- influence. Longs" accepted
fairly firm. Oats worked higher des-
pite good rains where wanted. Specu-
lative offerings were light and demand
active, with elevator concerns conspic-
uous on the buying side. Realizing
sales later caused a sharp reaction and
close barely steady.
Quite good business was reported
in cash grain this week. Consignments
were larger and purchases to arrive
of considerable size. Demand good for
most descriptions. Wheat was in fair
request on milling and shipping ac-
count, with moderate sales for export.
Prices irregular, following futures.
Corn sold we'll and ranged higher. Oats
too, met with ready sale, with offerings
cleaned up closely. Rye was quiet and
easy In tone. Barley trade was good
and market firm, Seeds attracted mod
crate interest and ranged higher on
most descriptions. Hays was in fair
demand and market steady. Receipts
were larger.
With the closing OF the month OF
May prices in winter wheat declined
4@4 1-2c, but improved some later, and
July was the basis on which transac-
tions were made. Trading was OF a
very moderate character. but the sales
to millers were little larger than OF
late. However, none of the buyers
seemed to be taking any more than
just enough to carry them along, evil
IDENTIFY believing that they will buy at
lower prices. The fresh arrivals car
lots met with moderate inquiry by
spectators and miilers, and they sold
at good premiums over the July future.
No export business reported, except
ing for new wheat In the deferred
months. The receipts were smaller:
there was not the incentive for coun-
try shippers to forward their wheat,
and besides much Of wheat received
last week had been bought to arrive
for delivery on May contracts. Advices
too are to the effect that the old wheat
is we'll sold out at the points tributary
to Chicago markets.
In spring wheat prices declined 10
&C. after the closing Of the month Of
May, and the best was held firmly and
was bid for quite strongly. Receipts
were very small and there was fair
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