Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-10
GRAIN REVIEW OF
THE PAST WEEK

during the past were quite Variaoie' alV
on the whole rather more trying on IAN
sown grain. Severe storms and bliZzaras
prevailed in the eastern sections or the
country. while in the west and south
west temperatures were fairly season,
able but less than the usual amount OF
snow cover. Reports of damage W
wheat as Il result of thawing ana 1reeA-
ing were more numerous, but as yet no
very serious injury is Thought TO nase
occurred Advices from the faclnc
northwest continue highly SATISFACTORY,
while reports from California intimated
the excessive rainfall had delayed nelo
work, but prospects on the whole very
encouraging. Private crop accounts
were highly favorable, and state reports
showed a very high condition. locai
CROP authority claimed that TINS year -
exceptional in that the condltion %
wheat can be more accurately 1uuseo
than in former years, when II As oroiii-
arily covered with snow.
The movement of grain from the
farms and country elevators during the
week just closed was rather good IN the
aggregate. Considering the changeaple
weather conditions prevalent over a
considerable. portion of the grain pel1
the marketings made very gooo snoW '.
ing. Receipts at the leading terminals
in the northwest were very falr' Dut
reports from that quarter both sides the
international line indicate thar the
wheat crop is very closely marketed:
Marketings through the west ana
southwest were quite liberal for the
season, and coarse grains moved WIN a
greater freedom in the middle west.
Shipments of grain eastward were
somewhat larger and arrivals at the
seaboard very fair. Exports or bread
stuffs were not as liberal as lately noted
I h,,t
Corn clearances continue limited. Ac-
cording to the official visible supply. as
| compiled by the secretary or the Ch1-
cago board Of trade, there was de-
| crease in wheat, oats and rye and an
increase in corn and barley. The world
supply Of breadstuffs decreased S,lOo,-
900 blu compared with 2,75l 600 addltlon
| same week in 1913, and total Is no"
| 196,000,000 blu, or 100000 bu smalleI
than one year ago.
The trade in cash grain the past week
reported as Of very fair volume. Con-
signments were little larger, but pur-
chases to arrive were moderate. De-
mand for wheat was moderate and
sales not up to last weeks total. Ofer-
ings fair. Prices firm early and easier
later in the week. Corn in rather good
demand and offerings were quite lib
| eral. Prices ruled higher early, but later
/ on took a weaker tone Oats were un-
settled. Demand was fair and supplies
moderate. Rye ruled easier ana prices
lower Barley in fair request-that IS
mailing grades. and the offerings We're
fair. Prices slightly lower. Seeds were
quiet and price changes unimportant
Choice timothy and prairie hay In fail
request and offerings only fair Low
land medium grades, especially prairie
hay, in heavy supply and market very
quiet. Demand slow. J.. II
NEUTRALITY-SUSPICIOUS. was largely OF
professional account and prices were
11sc to ia 01Bc lower for the week
| Sentiment was somewhat mixed at the
opening Of the period under review A
i"bullish' feeling developed, but latel
tn bears gained full control, and many
Of the bull longs'' were dislodged. The
overbalancing factors of the week were
I the favorable crop reports from oul
| own southwest, as well as from many
points in Europe. coupled with weak
situation in Buenos Aires, In the face
o funfaVorable reports from the cror
now coming forward in that country
Gables from the southern hemisphere
report holders as willing to dispose OF
their low grades Of wheat, but the bet
ter grades are held at relatively higher
prices than exporters are able to pay.
foreign authority refers to the small
offerings Of Argentina wheat this weel
as dominating factor Stocks in some
of the European chief ports are falling
off, and it is now the talk in importing
countries that the exportable surr''r OF
Australia will be smaller than iie1
estimates. The favorable prospects ir
I the southwest caused a pause In the
buying abroad The remaining surplus
in Canada makes an interesting prob
lem for European buyers.
Chicago stocks decreased the pas
week 10000 blu to 5,9s7,000 blu, agains
1902 900 bu one year ago. There is nov
afloat In the Chicago harbor 100000 bu
against same amount one week ago ant
none year ago. Contract stocks a
Chicago increase 141,00O bu for thu
week to total Of 3.354,0O blu. compar.
ed with 100000 blu year ago.
CORN-Price changes for the weel
show losses of X @1hc Activity wa!
one of the features. The matter Of sen
timent was unsettled. There was sup
port when support was needed ant
there was strong buying on all tn,
weak spots to develop The marke
was an affair Of the professionals, al
well as the man in the country, with al
of the big houses in the trade bein,
more or less interested. Severtl cargoe
Of Argentine corn were received at gul
and eastern seaboard ports and the ar
discussion and it was against TIL
bulls or holders. Considerable tall
was again INDUCED in because Of TIL
small stocks at the eastern seaboard
There is no possibility Of an expor
business, as Argentina is undersellin,
the United States holders. Stocks o
corn at Chicago continue to increase il
size and is expected that by April 1, tn
supplies held here will be quite large
/ There We're several estimates on tn
amount Of corn in the hands Of farmers
:, One was made by local concern
These holdings are placed at 34.1 pc
cent, against Alb of the big crop tn
year before. Chicago stocks increasel
$1,000 blu, to 9,3S1.000 bu, in the pas
week, compared with 100000 blu, on
year ago. Corn afloat in the local har
Dor increased $4,000 blu. to $4,000 bu
compared with 205,000 bu. one uear age
Contract stocks here are now 2,787,0
Blu. following an increase of<270,O00 bu
for the week, while last year there wa
only $4,000 bu. here. The visible suppl,
increased $4,000 bu. to total OF 1s,
374, 900 bu. for the week, compared witt
6,1O7, 900 blu. one year ago. Argentin
advices say that the market there I
steady with moderate demand, that tn