Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-19

who was In Kansas, says that accord
ing to assessors estimates, the acreage
Of the state Is up around 100000 acres
and that every acre will yield the full
capacity of the land That conditions
look like the North Dakota wheat crop
OF two years ago Columbia, Mo-, adj
vices said early in the week that with
average weather conditions that state
will have the greatest wheat crop IN
the history Of that section. weather In
the northwest was cold with Killing
frost over North Dakota and Northern
Minnesota, cold in Canadian northwest,
but damage is unlikely Another crop
expert who is now looking over the
state Of Kansas, in message from
Russell in that state, says that the
abandoned acreage in northwest KAN
sas has been exaggerated; that tne
government estimate Of the acreage OF
the state Is too low by fully Soo.ooo
tually been plowed up in order to make
room for corn because there was not
enough land left after wheat seeding
for corn; that the corn acreage must
be reduced greatly In that state; that
If the present crop prospects In Kansas
are maintained the yield will be easily
leo, 900. 900 bu." The weather through
out the Canadian northwest IS coid' pue
as there was no precipitation over
Sunday the lower temperature did not
delay the seeding. There We're many
| well-known experts In the wheat fields
OF the southwest in quest of any de-
terioraton in evidence. They not only
| failed to discover the crop as going
backward early In the period under re-
view, but they sent II glowing reports
as to the promise. These reports came
from Kansas, Illinois. Nebraska and the
smaller winter wheat states. There
! were whisperings of unfavorable condi-
lions In Missouri. 1t was said early IN
Ethe week that, there were many insects
In the fields of that state and that the
former promise Of big wheat crop
was on the wane. These reports failed
| to have any bearing on values until
near the end OF the week. when shorts
became alarmed because Of their unan-
unity and covered freely. AS the buy
inp power increased the offerings grew
tighter and tighter. This was not the
case with May only. but with the oth-
| err months as we'll. The new crop fu-
lures frightened up until the supply on
sale was light indeed.
! CORN-Closings for the week show
ed net advances Of 1@2hc. save the
!, December new, which was off Nc: This
market WAS a weather AFFAIR. There
were heavy rains in our own corn belt
and there We're downpours in the
southern hemisphere. The farmers OF
| the United States were unable to mar
ket the corn already sold, but this
drawback in favor Of the bulls" was
/ partially Offset by slow trade IN the
cash article. Considerable planting Is
vet to be done in our own corn belt
yet In some sections the plant Is above
the ground. The recent advance in
values caused farmers in some sections
4 to sell more freely, but there are many
holders Of corn in the interior who
j could not be induced to let go OF their
grain because Of an unsatisfactory
price, and what they pronounce late
seeding and a consequent late start 81
7 the crop. with favorable weather in the
southern hemisphere the outward
/ movement Of corn from that country
would have been on large scale. The
! rains were continuous and quite heavy
in Argentina and the moevment from
I the interior was not only cut short but
/ the corn already gathered was greatly
damaged by the rains-damaged so
greatly that the exportable surplus is
reduced as much as 40,000.O00 bu. A
great deal of the corn in that country
! is said to have been rendered almost
! useless by the heavy rains. Conditions
surrounding the market In the south
ern hemisphere were almost complete
I, ly changed, as many Of the vessels that
/! were chartered for the outward moves
ment Of corn have been cancelled. 1t is
| now expected that the goodly ship
!smennts Of Argentina corn promised for
| American and European markets dur
ing the month of May will not be seen.
The cash situation In the United States
/ has been unsatisfactory to all concern
ed Those who purchased Argentina
! corn and who have been unable to se-
cure the grain are now buying the
homegrown corn as needed The May
1 Loo Han rn1, ~, low
titles during the past week, and the
consensus Of opinion io that the open
interest has been greatly reduced-in
fact, that 1t is anything but large. A
message from New York says that the
! clearances OF corn from Argentina for
! the gulf last week amounted to 100000
sbu, alIof which was, sold several weeks
/ ago. New York cancelled two cargoes
Argentina corn for May shipment.
! OATS Trading in oats during the
| past week was good. with stronger
undertone during large part of the
/ week. Prices moved up to the best
| figures on this advance. A feature was
the strength in May, due to continued
covering by Shorts" who in turn sold
for July. There has also been active
| buying to remove hedges against cash
sales on the part of some of the largest
cash handlers. May sold a good part Of
| + Viz WEN AZ ~ ONCI July. lHcTS was
good buying of July at times, which
absorbed the offerings In way that
/ scared shorts At the close sales
were at net gains OF 1@1Ac for the
week. Crop reports were in the main
favorable, as there has been plenty Of
rain over the greater part Of the oat
sections. A few, however. would like
more in the near future. Cash demand
continues good and offerings light.
| RYE-This grain developed strong
feeling the past week and prices were
| k@1c higher A good demand has ex-
listed and 1t was difficult for buyers to
supply their wants. The receipts have
been next to nothing and an occasional
car was taken out of store to meet re-
( quirements. Stocks throughout the
country are being absorbed freely, and
/ this tends to create firmness on the
! part Of holders. Trading entirely local,
domestic manufacturing concerns talk
Ing offerings and fresh arrivals were
disposed Of readily. No export business
/, here.
! BARLEY-There has been little to
the market. Sales of mailing during the
! week ranged at 1 to is cars a day. That
did not amount to much. Total receipts
were 40 cars, compared with TAG cars