Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-08-11
The Courier's Complete Markets of World

shipments Of not only brradstuffs but
provisions from this county to the
Uniteo Kingdom. There Is grain
blockade at Galveston and New Or
I leans, with thousands Of cars of wheat
accommodating at those ports, which
may BIO moved back to primary mar
kets, unless quick action is taken to
guarantee the safety Of grain ship
| ments to Europe. A plain is being con-
sidered by exporters, who figure they
would then be In a position to borrow
money on grain, and DO enabled to buy
additional arrivals from the country. 1t
Is realized In sections, however. that
storage facilities would soon be filed
up unless shipments from the country
are greatly reduced. Speculation in
wheat at Chicago has been smaller, but
price fluctuations have ut times been
violent. 1t was the general desire OF the
| to caution spectators to withhold
| large commitments. unless they were
fully able to put up margins Of 10 on
| trades
CORN-This market was weather
aaffir, and prices showed advances Of
| ga @9Ssc for the week. Unfavorable
| conditions existed In nearly the entire
| corn belt during the early part Of the
period under review, as not only deter
| ioration was reported in many sections
| OF the country, but the general belief
| among the best judges was that unless
there should be moisture over the corn
country in the near future the losses
would be more pronounced. This of
course does not include the entire corn
belt as the prospects in some sections
may be called good Rain, however,
would help the situation over the en-
tire west. Speculation was on liberal
scale, and the strength In oats was q
| help to that Of corn. The Argentina
| corn is no longer on the markets of this
country, as II is not in merchandise
condition. and the eastern users arc
now looking to Chicago and other
parts Of the west for supplies for i'm
mediate use. Western receipts show a
| falling off, as compared with a year
ago, and the receipts at Chicago are
naturally light
Farmers are selling corn because Of
unfavorable crop prospects in many
sections, and the inspection at Chicago
were small Argentina shipments this
week We're 100000 blu, Of which 46s,OO0
blu were for America. Shipments a
year ago were S,727 900 blu. The Ar
gentina visible supply decreased 622,-
600 hu this week to total Of 5,762,O00
bu and compared with 100000 blu one
year ago. Clearances for the week 49,
600 bu, year ago 100000 bu.
|
ed and wide range of prices was ex-
perienced. Heavy sales of September at
the opening Of the week. combined
with the decline in corn, depressed
prices to 3ssc under Decmeber at one
time. August We're &c under September
during the furry, and Standard in
store were offered at &c discount from
net losses Of 3hc on September and
Az @4%c on deferred futures. Tight
money and heavy receipts We're depress
ing factors. Country elevators cannot
store oats and collect storage in I'LL
nois, which, with the necessity Of hav-
ing some ready money, is forcing farm
ers to sell. and Is having depressing
effect on valuest
RYE-The feeling was rather easier
and prices declined "a &c. but all re-
covered before the close. The receipts
showed a slight increase and the de.
mand was only moderate Buyers did
not seem very anxious, but took what
was received at the daily established
prices. The demand was from local in
terests, some for manufacturing and
some for speculative purposes.
BARLEY-There was little more
life injected into the barley trade dur
Ing the week and conditions were
somewhat improved. There was an ad-
vance of 1c to &c in prices, and it Is
believed that trifle advance would be
paid over the current level of prices
for something real fancy. 1t was the
| cereal interests who stirred up things
in this market. They set the pace for
other buyers and they are likely to act
as peacemakers for little time to
come. However. while masters stirred
themselves little. they are still In a
state Of lethargy as far as buying Is
concerned. They will look at all sam
IvNvn ~ I0,~ nHi,~ u -
| spection, but they show little desire to
! take hold unless the quality and price
| is right
TIMOTHY---More activity was noted
in this market than for some time past.
Both the future and cash market seem
ed to spring to life. The bears on fu-
lures assumed a war-lilte attitude In
their attack on current values and as
a result there was a sharp break in
both September and October, while
contract prime declined in sympathy.
September sold at s6.7r@6.s5, and later
1t was offered at $6.25, while October
sold as low as sc.17h after $3.50 had
been bid earlier in the week. What the
reason for the break Is no one seemed
! to know. @
| CLOVER-A little more interest was
/ manifested in cash clover, but future
trading was lifeless. In fact. later in
the week 1t was impossible to secure a
nominal quotation in futures. and any
quotation made was mere guess. Cash
seed was quoted sharply higher In
sympathy with the advance at Toledo.
and, based on the advance in cash seed,
spot contract prime seed was quotable
at about $165C
HAY--Receipts for the week were
1856 tons, against 1895 tons for the
/ previous week. Shipments for the
| week were 42l tons, against $50 tons
the previous week. The arrivals of
new prairie hay were larger during
the past week and the demand was
only moderate. Buyers were holding
off for concessions, which receivers
| were compelled to grant. Prices de-
clined 5000 per ton end the market
closed weak. The market for timothy
hay ruled firm Offerings were small
and the local demand was good
There were also some inquiry for ship
mcnt. Prices show an advance Of 81
] @ 1.50 per ton.
Quotations at the close ranged as fol-
lows:
New timothy ........... .$14.oo@17oo
| Choice timothy .......... 20.00@20.50
!, No. ] timothy ......... 17.50@18.50