Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-21
GRAIN REVIEW OF
THE PAST WEEK

The PAST WEEK
Climatic conditions in this country
during the past week were generally
regarded as favorable on the whole,
and crop reports generally were more
assuring outside occasional claims OF
rust in the spring wheat country. Ad.
vices from the American northwest
were In the main more optimistic and
conditions favorable for growth and
checking the development Of rust in
districts where climatic conditions fav-
oreG its appearance. Rains fell in the
Canadian northwest-very heavy in
some sections and were very benef-
cial. In the winter wheat belt warm
and generally dry weather favored the
ripening and harvesting Of wheat over
the northern districts where harvest Is
now approaching completion. and per-
mitted of continued threshing in south
and central portions under most salts
factory conditions. Yields generally
equalled or exceeded expectations. In
the corn belt the weather has continu-
ed generally favorable west of the Mis-
sissippi-from Kansas and western
Missouri northward, as we'll as In the
northern districts to the eastward,
where the crop Is generally reported
as in excellent condition, we'll cultivat-
ed and largely laid by. Advices from
the Ohio valley and southwark and in
eastern Missouri and portions of Ar
kansas, Oklahoma and Texas, the crop
is suffering severely from drouth, es-
pecially In Kentucky and portions OF
adjoining states. Harvesting of oats
and hay made fair progress, but yields
are short in the Ohio valley and in the
south.
: The movement of grain from the
farms and interior elevators during the
week just closed was quite liberal In
the aggregate. Receipts at the leading
terminals in the northwest were very
fair, including considerable new winter
wheat while marketing in the west
and southwest were quite liberal, the
new Wheat commencing to move more
freely. Yields reported liberal and
quality excellent. Coarse grains in mod
crate supply west and southwest. Fur
Their fears of serious trouble among
western railroads fastened shipments
in some localities.
Quite an active speculative business
was transacted In the leading grain
markets on change during the week
| just closed, and moderate interest CEN
tered about the market for provisions.
Wheat was active and somewhat I'M
settled the tone at the last being firm.
Sentiment was rather "bearish" at>the
outset, made so by the large receipts
at all winter wheat points, lower
cables, and generally more optimistic
reports from the northwest. Weather
/ conditions were generally more salts
| factory and cooler northwest and in
the winter wheat country conditions
were still favorable for threshing OF
wheat. Black rust reports were MI.
mercus from the northwest, but nearly
all we're qualified by the assertion that
so far the damage had been slight. and
thai the chances were against It's be-
ing much of a factor this year. Foreign
as well as domestic statistics were
| more "bearish," and the decline IN
feed grain was also something OF
factor.
In corn there was a strong start
| which was succeeded by a decidedly
weak turn. "Shorts" were much less
| anxious. and there was free selling.
credited to commission houses and To-
cal "bear" leaders. Climatic conditions
more favorable but at the extreme de-
cline good support developed and a
fair advance was scored. Argentine
weather improved. Oats developed
weakness after fairly firm start.
Quite satisfactory trade occurred
in cash grain during the week just
closed. Consignments were more lid
eral, while purchases to arrive were
of very fair size, a great deal OF new
wheat being bought to arrive In July
and August. New Oats and Rye also
| commenced to move. Demand good for
all descriptions. Wheat was in very
fair request on milling and shipping &C
count with liberal export sales Prices
irregular, following futures. Corn sold
we'll: prices unsettled. New grading
causing less confusion.
MILLSTUFFS-V little doing
! Not much offered and not much OF any
demand. Bran sold at $1,000 per ton
IN 1OO.lb sacks, sacks included
WHEAT-Winter wheat was quite
active again the past week and prices
declined about &c, with full recovery
before the close Of the week. Domestic
millers made fair purchases, and there
we're liberal sales for export each day.
Stocks in public elevators are very
low and the receipts which showed
marked increase have been drawn
upon freely to provide for the export
sales It will require continued liberal
receipts to provide for the large sales
made for July and August shipment.
There was a sharp competition for the
offerings, but the premiums for both
red and hard wheat were reduced.
In spring wheat trading has been
very light the past week and prices lit
tie better than nominal. Very small re-
CENTS prevented larger trading. fair
demand existed, and the few cars re-
ceived met with a fair demand. Stock
IL well reduced, and this enables hold
ers to gain good premiums over the
nrices ruling for winter wheat 1t will
he several months before new spring
wheat will be available, and by that
time the supply will be exhausted.
In regular wheat an unsettled and
irregular market. with price changes