Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-26
GRAIN REVIEW OF
THE PAST WEEK,

THE PAST WEEK,
and Canada during the ycek just clos
ed were in the main regarded as quite
favorable for agricultYfal interests.
Reports from the CANADIAN northwest
showed practically alEwheat seeded
and a considerable acreage from two
to four inches above fhe ground. Seed
bed best in many years. Smaller acre.
age stumbled in Little If any increase
in acreage. Moist,lre aboundant and
cent OF oats seeded Heavy reduction in
flax acreage indicated. This side the
International line the week as whole
was little too old for rapid crop
growth over all.the central and eastern
districts and rather dry over much Of
the southeast and northwest, and
somewhat too wet in portions OF the
northeast and the west. Field work and
farming opera ons, however, made fair
Roadway. Damage to winter wheat due
to Hessian fly quite generally reported
in Missouri .And southern Illinois, also
scattered aaeas in Kansas Oats need
rain, and r1ports hardly as favorable
as recently4hoted Corn planting made
GOOD progress and crop has a good
start in the south and southwest. Over
the entire.cotton belt but little progress
in growth was made during the week.
Heavy Uins fell in Texas
The HRovement Of grain from the
farms md interior elevators during the
week Hast passed was again Of very
moderSte proportions, though some
wat larger In che aggregate than the
weeksprevious. Receipts at the leading
term!nals in the northwest were mod
eraA while marketing In the west and
southwest continues comparatively
light. Receipts at terminals in the cen
trail west were little larger. Ship
mcnts Of grain eastward were very lib
c1kl, and arrivals at the seaboard quite
considerable interest centercd about
tge leading speculative markets on
Grange during. the past week. The
rain list was daite active and prices
Irregular. but only moderate interest
visplayed in hog products. Wheat
Started out strong and higher and held
Il part of the advance to the close.
t'Bullish" crop news from the south
west was the chief supporting feature.
There was further Hessian fly damage
claims. from Missouri and Illinois prin-
'cipal,y, some spreading Of the damage
claims In Kansas, and the prediction by
IA local expert of some standing that
Hessian fly claims from Kansas to
TOklahoma would be heard. Buying was
general, including shorts" and new
investors, but the rains over Nebras ska
and the weekly government report
showing but slight damage by fly
brought about realizing sales. and the
whole list reacted. Corn displayed a
|planting and larger sales Of cash corn
by the country induced considerable
liquidation by holders. At the lower
levels reached there was prof1t-taling
Eby Shorts" and complete recovery
twas made In prices, and late tone was
quite Arm. Oats f1rmer this week. most
" for new crop. Some complains OF dry
weather from southern Illinois and
arop thin and making poor showing In
4 few localities in western Iowa.
Winter wheat was firm
tte past week and, prices show MO
2kc advance, but top figures were not
nj intained to the close. Trading was Of
a Eery moderate character. both locally
and outside, but in sympathy with the
speculative market higher range was
established, but not to the full extent
with futures. the I premium having
ieased off some on No. 2 red. The adj
vance cut of the export business, and
nothing was done in this market on
Domestic millers made small purchases
and some may have purchased little
ahead Of immediate requirements in
the belief that possibly prices might
be higher during the month, but trad
ing vas light all around. The receipts
were more liberal and exceeded last
week. The greater2part OF the receipts
went into store direct to apply on May
contr1et, and the few cars offered were
49,. Il n~% h1y y1ot nY
then by millers.
In sSring wheat a firm feeling exist
ed ana prices averaged slightly higher
than Hist week, but did not follow the
advante which occurred In the specula-
tive nS9rket. as lower basis was es-
tablishsd wherf the May future adj
vancedz. So little business made public
that p14ces are really little better than
nominal Receipts light and demand of
very moderate character Trading
was entirely to supply domestic millers
and codhprised the, various grades, but
mostly choice northern stock in store,
that public elevators. decreased $4,000
bu All fresh receipts were taken up
readily 1by either spectators to sell
again IN the speculative market, or by
millers.
Regufar wheat was sharply higher
for the bast week. with crop losses
from He9sian fly the leading influence.
Net gains of. A@1hc were shown. Not
in manyG years haye the reports of
crop losses poured In on the board OF
trade as was seen during the past ten
days. Tho larger part Of the complaints
came from the state Of Missouri. There
were claims Of small deterioration to a
total loss. The blowing up Of many
fields were reported. These claims were
persistenK and as they came from ac-
cepted authorities, they caused great
nervousness as well as sharp price adj
vances. Itfwould be an impossibility for
anyone inathe trade, whether they were
crop experts who have gone over the
territory { personally. or statisticians,
with Geographic reports laid out before
there, to, say as to. the possible losses
as parton as whole. In addition to
the Sensational crop damage losses
from MISSOURI there were sections Of
Illinois, NEBRASKA and Kansas where
the fly wax said to be in evidence. The
reports to- come forward were still
more or less conflicting In character.
but enough claims Of deterioration ia
change market from a bear. to a
ssl,,,,,O npaI opd IN ipcrea 90 tho vo1,,y,o q