Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-17


shcrp reaction followed. Mail advice:
to shippers Indicated a decidedly better
| situation in the east and more urgent
demand for cash corn. Rallies followed
| the break because OF an OVersold con-
dition, but the market rallied again to-
lrd the last the late tone being fair
| ly firm Oats We're weaker at the outset
than any other grain on the list. Liqui-
dalton was fairly free and general
| , vernment figures. showing large
| farm reserves, gave the market weak
| start. but shorts covered freely on
| the decline and a moderate recovery
/ was made in prices. and part of the
| advance held to the close.
! Transactions in cash grain the past
! week reported as of very fair volume.
/ Consignments were moderately free,
! but purchases to arrive were not very
! heavy. Demand for wheat was moder-
ate and sales not up to the recent aver
| age. Offerings fair. Prices firm early
and easier later in the week. Corn in
very good demand and offerings were
{, quite liberal. Prices lower for all the
! grades. Oats were irregular Demand
was fair and supplies moderate. Rye
ruled quiet and prices steady. Barley
| in moderate rcquest-that Is, mailing
grades, and the offerings We're fair
Prices little changed. Seeds were quiet
and price changes unimportant CHOICE
timothy and prairie hay in fair re-
quest and offerings only fair. Low and
medium grades, especially prairie hay.
in liberal supply and market very quiet.
I Demand slow.
WHEAT-Winter wheat ruled rather
| firm during the past week. with
slight recovery in prices from the low
point reached the first of the week, es-
pecially for soft wheat or red wheat.
which was trifle stronger than the
hard. A fair business was transacted
| on domestic milling account with only
a light business on export account. The
demand was not urgent at any time,
but just in a quiet steady way. and
buyers wants were easily supplied.
Spring wheat ruled relatively firm
and there was not much change in
prices all week the market holding
within narrow limits. The receipts have
been light, stocks are being reduced
showing a decrease Of nearly 100000
I.bu Of contract grades and $4,000 bu less
of mixed grades In consequence hold
ers show some independence. fair
business was transacted, but it was In
a quiet way.
An improved trade on the whole, and
prices were h@Ac higher for the
week. The market was Of greater
breadth, with values changing rapidly
and almost continuously, but early
prices of the week were in evidence
late There was a sprinkli1g of outside
business. Some of the buying was on
the government March report, which
made it's appearance after the close Of
change on Saturday last, and which
was not available as an influence until
last Monday. 1t was construed by the
trade as a "bullish'' document, and be-
sides the covering by scattered shorts
there was considerable wheat bought in
the way Of investment.
A few reports were received from St.
Louis, in which it was said that the
crop is going backward in sections Of
Missouri, while others down there
claimed that the promise for a bumper
yield was never as good as now. Re-
ports to Daily Trade Bulletin were all
favorable Values are likely to pivot for
some time on crop promise. Not only
the northwestern, but the primary re-
ceipts continued to fall off. There was
halt in the cash demand. Interior mill
ers were either not selling any flour to
speak Of, or they were enabled to pro-
cure the necessary grain at home to
keep their machinery in motion. Only
an occasional beat load of wheat was
taken at Chicago for export. and the
seaboard markets reported business as
almost at q standstill, with bids main
ly out Of line. There was less talk Of
p,
as we'll as of the interior elevator sup
plies in that country 1t has been claim
ed all along that the wheat held at Du-
luth was sold for export some time ago,
but this it is said. is not the case. 1t is
further claimed that the big stock Of
durllm is controlled by one concern
there. and that the price Of that wheat
is held up, whenever it is necessary to
sustain values. The foreign situation
attracted a great deal Of attention.
THE demand for foreign wheat from
western Europe was smaller than here
tOfOre. as native wheat was more
freely offered" said Bromhall in the
international review the continued
excellent prospects Of winter wheat in
the United States eXerted some in
fluence on European buyers. On the
other hand the political situation APP
peared less assured as Russia and Aus
tria are cycling each other closely.
Latest returls show that consumption
Of foreign wheat during January and
February was much smaller than dur
ing the autumn, possibly owing to the
relative mildness of the season, which
,ssed the supply Of native wheat.
The government March report proves
that the consumption Of wheat in
America this season has been liberal.
CORN-This market was Influenced
by the action Of the cash article. Values
were on the down grade early in the
week. There was no demand for cash
at that time. but a trade developed
later and an almost complete change in
conditions resulted. Weakness changed
to strength and a dull market gave
way to an active one. There was more
or less nervousness shown and resting
spots for the week were u q c better
Not only were handlers Of Argentina
corn willing to make liberal sales. to
users of that grain at concessions, but
they have asked for bids on round lots
for early spring and summer ship
ments. \ car of Argentina corn was
bought to come to Chicago-the first
on record The grain, was ordered here
by the markers of patent feeds. 1t will
be used to determine its fitness for bal
anced rations.
The visible supply increased $4,000
bu to a total of 10, 10000 bu, compar-
ed with an increase Of 2,135,000 bu to a
total of 20.O53,0O0 bu for the same time
one year ago. Worlds shipments the
| y ,st week were 1,2S0,000 bu, compared
with 100000 bu the previous week
and 100000 bu for like period last
,, year The amount Of corn on ocean
massage decreased 100000 bu for the