Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-03
GRAIN REVIEW OF
THE PAST WEEK

commercial circles on the Cnlcaso
board of trade during the week just
closed. Speculative operations were OF
rather good volume and transactions IN
the receiving and shipping branches OF
the trade somewhat broader. Domestic
weather conditions were easily the chief
dominating influence In shaping the
trend of the leading grain markets,
while the marketing Of hogs and report
ed supplies In sight were the main fac
tors in making prices for provisions.
Receipts Of grain We're moderately en-
larged. receivers experiencing better
trade, and shipments We're Just 1alr.
Crop news and supplies in sight In Eu-
rope were minor influences in affecting
the cereal list. The export call for
breadstuffs was somewhat better, while
domestic demands for feeding stuffs
from eastern and New England points
was somewhat improved owing to the
more severe weather in those sections.
The movement Of grain from the
farms and country elevators during the
week just closed was very fair IN the
aggregate Considering the blizzardy
conditions prevalent over considerable
portion Of the grain belt the marketlngs
made a good showing. Receipts at the
leading terminals in the northwest were
moderate and reports from that quarter
both sides the international line indi-
cate that the wheat crop Is very close
ly marketed. Latest advices from the
Canadian northwest suggest 100000
to 10000. 900 blu there in farmers hands.
According to the official visible sup
ply as compiled by the secretary OK the
Chicago board Of trade. there was de-
barley. The worlds supply Of bread
stuffs decreased 945,0oo blu, compared
with 100000 bu reduction same week
in 1913, and total Is now 1919, 100, 900 bu
or 100000 bu smaller than one year
ago.
The leading speculative markets on
change were fairy active during the
past week, though volume OF business
was reduced somewhat early owing to
the holiday and poor wire service IN
cident to the blizzard. Wheat was quite
active and ruled quite firm early, losing
part Of the gain later, and closed
steady and slightly higher than week
ago Rather firm feeling was prevail
ent early. due in the main to some bet
terment in the export demand. which
tended in part to offset the effect of the
SLOWS in the winter wheat belt, and
"bearish" foreign statistics. Shorts"
covered, and on the advance when
followed there was prof1t-taking by
'Iongs," and part of the gain was lost.
Corn displayed considerable strength at
the outset. due in part to severe Weatn-
err increasing consumption ana the
fact that routine statistics were mod
erately publish" Farm reserves were
estimated by a private authority at
1872, 100000 bu, against 1,2S9.0OO0OO pu
by the government one year ago.
Oats were higher early, along with
corn. The visible was reduced and cash
demands were fair. but the improve
,ment in values brought out freer offer
ings, and later the whole list receded. :,
The trade in cash grain the past week
reported as somewhat improved. Con-
signments were little larger but pur-
chases to arrive still moderate. Demand
fo.' wheat little better and sales some
what larger Offerings fair. Prices were
steady early and f1rmer later In the
week. Corn in moderate demand and
offerings were more liberal. Prices ruled
lower Oats also easier. Demand falr
and supplies moderate. Rye ruled scarce
and prices higher. Barley In falr re-
ouest-that is, mailing grades, and the
offerings were larger. Prices quotably
lower. ...... .... -'.
WHEAT-In winter wheat the mar
ket ruled rather firm the past week.
with hard wheat averaging q tr1fle
stronger-about Ac higher, while Red
winter was relatively not so strong and
the premiums narrowed down some
what There has been fair business,
both on domestic milling and on export
account The demand was not urgent
at any time, but just in a quiet, steady
way, and buyers wants were easily
supplied. The wheat taken by domestic
millers comprised the various grades.
while the transactions for export COM
prised No. hard. Receipts held up
fairly we'll all the week. but the wheat
did not all come on the market, and
evidently was delivered on purchases to
! arrive. The track lot offerings were
taken readily. partly by spectators.
Stocks in public elevators were large.
Hard wheat Increased about 100000 bu,
and the other grades show slight de-
| crease. Receipts for the week, 532 cars,
as compared with $50 cars the preced-
ing week.
Market for spring wheat has been de-
cidedly strong all week, and prices
about 1c higher Spring wheat has been
scarce Receipts small. and the COM
petition among buyers resulted in de-
veloping a strong tone and better
prices. The daily arrivals were taken
up readily by spectators and millers. A
moderate quantity sold to outside mill
ers and the supply in store showed
some reduction from one week ago. Re-
ceipts were light and aggregated SO
cars for the week The withdrawals
from public elevators were 10000 blu
and from private warehouses 81 cars an
no bushels. r -
In regular wheat prices were Nc
higher to H. lower for week. Strength,
without any marked price gain, was the
feature of this market the past week.
! The strength came largely from the
firm feeling in the spring wheat coun
try, where the matter Of stocks-pres
ent and prospective-were attracting
the speculative world. Minneapolis
claims that supplies there and in the
northwestern country elevators ap-
proximated 50,OO0.0OO bu Jan. 1, and
that since then they have been reduced
10, 0OO, 900 bu to 100000 bu and that
they are now being reduced at more
rapid rate and that before another crop
Is available wheat will be scarce ar
ticle in the three states. The news from
abroad was more or less 'bullish" in
character The markets Of the old world
showed strength and there were fair
advances along the entire line. A
Buenos Aires cable said that a lack of
offerings from the interior is causing
considerable anxiety in that country, as
! good wheat is being held considerably
above buyers views. In France, the
weather Is unsettled and the crop out
look is unfavorabe in consequence.
och tc, int nP