Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-21
GRAIN REVIEW OF
THE PAST WEEK

THE PAST WEEK
Weather conditions in this country,
while still cool were a little more
seasonable and farm work made con-
siderable Roadway during the past
week. Spring wheat seeding Is now
under way in the northwest and Can
ada and soil conditions reported ex-
cellent. Oats sowings were further ad-
vanced and reports from the southwest
the condition Of the plant
were quite satisfactory. Corn planting
too, made fair progress In the more
northerly districts. Reports regarding
the condition of winter wheat were
uniformly favorable though green
bugs were reported In sections
of Oklahoma and Missouri. Present
outlook highly favorable over most OF
the area. Live stock In most sections
of the country came through the win
ter in good condition.
The movement of grain from the
farms and country elevators during the
week Just past was moderate, being
restricted in a measure by farm actlvi-
ties. Receipts at the leading terminals
in the northwest fell Off considerably.
Marketings in the west and southwest
both OF small and coarse grains, we're
also more moderate, and receipts az
terminals in the central west smaller.
Shipments Of grain eastward were fair
and arrivals at the seaboard moderate.
Exports of breadstuffs were moderate,
and new bookings smaller than OF late.
Corn clearances continue limited. Ac-
cording to official visible supply, as
compiled by the secretary OF the Chi
cago board of trade there was de-
crease in wheat, corn. oats. and an In
crease In rye and barley. Worlds
available supply of breadstuffs decreas-
ed 3,250.O00 bu. to 1S4,139,0 600 bu. for
the week. compared with a decrease
OF /, 100000 bu. to 200,464,O00 bu. for
the corresponding date one year ago.
The leading speculative markets on
change were quite active this week
with the trade in the aggregate of large
volume. Early wheat was active and
lower, due to general liquidation by
longs" and more aggressive selling on
the part of operators who entertained
"bearish" views OF the situation. Trad
ers in general inclined to get out OF
the May and operated principally IN
new crop months The result was a
tightening of the May offerings. This
gave Shorts" In all futures a little
scare at the outset. Meanwhile there
was little excitement due to reports
of green bugs in one OF the north
eastern counties Of Kansas. Foreign
10Unr and
statistical news proved OF a depressing
sort. There was no export inquiry OF
consequence, and very little done on
milling account. Spring wheat seeding
is now under way in the northwest or
a considerable scale and there Wal
some selling Of September delivery
here from that section. Fear OF pc
liticaJ complications with Mexico caus
ed some covering by shorts but late
tone was rather steady. Corn declined
sharply the closing days, due. to gen
era liquidation by longs" and poor
support. May holders unloaded OF
hedeed for July and September. Cash
values lower in all markets, southwest
claiming Argentine corn was offered
throughout Oklahoma 3@5c per b''
under Kansas City basis. There was
heavy liquidation by May longs in oats
Tired "longs" unloaded and selling on
stop-loss orders was feature. Shorts
gave the market about it's only support
by taking profits from time to time.
The trade in cash grain the past
week was reported of very moderate
volume. Consignments continue rather
small, due to considerable extent to
farm activities and purchases to arrive
were moderate. Demand for wheat
was little slow both on milling and
export account. Offerings fair. Prices
weak early and steadier later in the
week. Corn In very moderate demand
and offerings were comparatively
smoll. Prices were lower following fu
lures. Oats were weak and lower. De
mand was slow and supplies moderate
Rye ruled quiet and prices steady. Bar
ley was in fair request-that Is, malt
ing grades and the offerings only mod
crate. Prices were steady to firm
Seeds we're rather quiet and steadiel
in tone Hay ruled firm, with a good
demand and fair offerings.
WHEAT-In winter wheat only {
light business was transacted in thi.
market the past week, but rather
firm feeling developed wholly in sym.
pathy with the speculative market
There was nothing in the way of news
to have created higher prices, to tn.
contrary advices generally were of {
most favorable character. There ha.
been no direct export business from
here and millers restricted their pur
chases to the smallest possible guam.
tity, and just TO supply requirement:
from day to day. There was no >dispo.
sition on the part of millers to lay IL
reserve stocks. Trading was in quie
slow way. The wheat taken by domes.
tic millers comprised the variou.
grades. There was nothing to specific
ally influence the market, which fol
lowed the fluctuations Of the specula
tive market, at the premiums or dis
counts established for the variou!
grades The receipts for the week wer,
small but show a slight increase a!
compared with last week. The small
shipping purchases were mostly o.
wheat taken out of store The track-lo
offerings were taken readily, partly b,
spectators. Stocks in public elevator!
were smaller Of hard wheat, which de.
creased about $4,000 blu, and the Other
grades show decrease Of $1,000. Re.
ceipts for the week, 124 cars. Their,
were taken out Of public elevators 17S,
800 h,1 and ont Of oriyate wa rehouSa,