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

from the bear" and short" side to the
bull and long" side. This change OF
front caused many of the SPECTATORS TO
follow, and the new buying power was
felt in a most pronounced manner. the
switching Of the firm referred to was q
surprise to many in the trade, as that
house was a rampant bear for many
months, and not only refused to be dis
lodged, but caused many in the trade
to resort the bull" side for the bear"
side. The cash demand for corn, which
has for weeks and weeks been missing,
is again coming to the front, and is
likely to increase steadily for time at
least. Farmers are selling corn more
freely, but this gain is not cumbersome
by any means There IS little said OF the
Argentina crop and the offerings from
that country. According to the most re-
cent advices from there the estimates
on last years crop were far to low, as
exports exceeded 157,0O0,000 bu. while
the original estimates only allowed for
100 ,O00,o 900 bu.
According to the Orange Judd Farm
err the amount OF corn stu IN farmers
hands in the United States Ia estimated
IT Ss2 100000 bu against 100000, 900 bu
a year ago and 7s0.00O.O00 bu in 1919.
On November /. 1918, the shortage In
corn supplies, as compared with the
preceding year, was 7l9,000,000 bu,
while shortage now as against year
ago is only 100000. 900 blu. economies IN
| farm use in four months having onset
| FAC, 200, 900 bu Of the original deficiency.
Chicago stocks Increased $4,000 bu
| the past week to $4,000 bu, compared
with 5,512 900 blu one year ago.
OATS-A better undertone prevailed
! in oats part of the week and values re-
sponded more readily to publish" in
| fluences, following corn to consider
able extent There is a good-sized,
scattered long interest that does not
sell out and the ''bearish attitude or
| the local traders frequently results in
| the market becoming congested. So
long as present conditions exist traders
are not lol1ing for much change IN
values from the present level. shipping
demand from the east was moderate
Supplies in the sample market were
not large, and prices were held within
narrow range. The country Is not sell
| ing many oats, but their stocks are said
| to be liberal Receipts for the week
| were 1872 cars. against 57a cars the pre-
vious week and 1926 cars last year.
| Export clearances from the seaboard
were 1890 blu. against 211,000 bu the
previous week, and $4,000 bu last year.
Il. the visible supple there was de-
crease of 100000 bu, against an increase
| Of $4,000 bu last year. The total IS
| 22,O77, 900 Blu. against 11.42S,000 blu last
v. ar. In local stocks the decrease was
| PIT 900 bu and the total is 9,949 blu.
| against 4 ,098, 900 bu last year. Farm re-
serves as shown by a private estimate
are 800, 600, 900 bu, gainst 567;000,0OO bu
last year and 22,oO0,000 bu in 1912.
RYE-The market ruled Arm and "a
| ole higher. The light receipts prevent
ed a larger business being transacted.
A moderate dema nd exieted-it was en-
| tircly of local character. The few
cars received were taken up readily.
The visible supply decreased $4,000 bu
and is now 1,S33,00O bu. compared with
1871 900 blu one year ago. Local stock
private and public--reported at $4,000
bu. against $4,000 bu last week. and
100000 bu one year ago. Receipts for
week IA cars.
BARLEY-The main interest, and the
main trade, was as 1t should have been,
in mailing grades. A very good business
was done It was up to the late average
! in spot cars, and sales of $4,000 blu to
| arrive was made. A peculiar feature
was that the buying of spot goods vas
mainly done by two buyers, but the to
arrive buying was outside Of that. With
the exception noted buyers in few In
! stances gave the market much atten-
ton. They would here and there take a
few cars. On Tuesday good deal of
barley appeared on the market. Under
these offerings the market became easy.
Buyers had the advantage, and there
was about 1c decline. Following this
the offerings became very moderate
again. The pressure being relieved, the
| heaviness which had prevailed was
lifted A better tone was brought about.
Sellers, always eager to get all they can
were successful later in overcoming the
early decline. There was recovery and
a quiet closing. Some poor barley came
on the market, unsound. bin burnt, etc,
that masters would not take. 1t be-
longed in the feed colum- and unless
put there it had no sale. Finally it took
ket was very steady for feed barley. It
recovered from the weakness Of some
time ago. Without demand being brisk
! at ALL what wheat was offered was
salable. What change in prices there
occurred as above noted, was not i'm
portant after all.
TIMOTHY-There has been an I'M
even market. 1t had it's good side and
it's bad side. There was firmness and
good sale for one kind and slow, slug
gish market for another. The varying
experiences were due to difference In
! quality. Fair spot offerings appeared,
and a good many samples were again
shown for value. Since lately some inn
| provement in the market has been
quoted 1t seems holders often sought to
SELL In many cases the bids received
and the value put on samples were dis
appointing. Seed Of such a kind that It
would be brought up to high per cent
| Of purity was wanted and quotably
! steady to firm. If not such kind 1t
was dull and easy. The regulations in
some states are such that seed must be
Of a high percentage Of purity or its
! sale is not permitted. New and more
| stringent laws are being enacted all the
| time. States that have not had such
| regulations are creating them. 1t is be-
coming more difficult for those filing
orders to bring seed UP to the standard
Of purity required. That is why some
OF the western seed. or good deal Of
it, is not more in favor. Country seed
| buyers must make note Of this and gov
ern their purchases by it. The remedy.
| and there is said to be only one is to
raise seed less contaminated with weed
or foul seeds. The cash sales were over
range of $405. The movement was
very fair. Receipts increased over a
week ago and shipments were some
smalled. Arrivals were larger than last
; year. No interest was manifested in fu-
/ lures. There was nominal quotation
1