Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-07

all week. The feeling was firm, in
fluenced by the scarcity. Receipts were
light and the offerings of fresh arrivals
were inadequate to meet requirements,
and some in store lots were purchased
to satisfy the demand. Trading entirely
local, domestic manufacturing concerns
taking the offerings and fresh arrivals
disposed Of readily. No export business
here, but New York reported clear
ances Of 5000 blu.
very good business was reported in
commercial circles on the Chicago
board Of trade during the past week.
Speculative operations in the grain as
we'll as the provision list were of good
volume and fluctuations frequent, with
In fairly wide ranges. Business In the
receiving and shipping branches Of the
trade continues moderate. Domestic
climatic conditions were the chief DOM
mating influences In the grain list,
though the war talk and strained rela-
tons with Mexico was something Of
factor.
Weather conditions in this country
during the past week were generally
regarded as favorable, while low tenn
perature in the Canadian northwest
delayed seeding operation. Rains were
quite general this week over good
part Of the grain and cotton belt. Ad-
vices from the American northwest in
dicated spring wheat seeding fairly
we'll completed in South Dakota, with
showers following the completion suf-
ficient to start growth quickly and
evenly. North Dakota seeding delayed
a little in northern counties by inter-
fering rains, but no indication Of delay
sufficient to warrant any uneaStneSs
while moist condition Of seed bed will
insure prompt termination. Minnesota
nrQ in
northern Red River valley where rain
has interfered but where there is yet
ample time.
The movement Of grain from the
farms and interior elevators during the
week just closed was very moderate,
being restricted to considerable ex-
tent by farm activities. Receipts at
fell off, while marketing in the west
and southwest, both Of SMALL and
coarse grains, were also rather light
and receipts at terminals in the central
west were comparatively small. Ship
ments Of grain eastward very fair, and
arrivals at the seaboard moderate.
The trade in cash grain the past
week was again reported only moder-
ate. Consignments continue meagre,
due to q considerable extent to field
activities and purchases to arrive were
limited. Demand for wheat was rather
disappointing both on milling and ex-
port account. Offerings fair. Prices ir-
regular following the trend of specula-
tive values Corn in very moderate de-
mand and offerings were slightly en-
larged. Prices were lower following flu
| lures. Oats were also weak and lower.
Demand still slow and supplies moder-
ate. Rye ruled quiet and prices steady.
Barley was in fair request-that is,
mailing grades, and the offerings were
onl: moderate. Prices quotably steady.
Seeds were quiet and steady in tone.
Receipts of hay liberal. Demand good
and prices steady.
WHEAT-Only limited business
was transacted in winter wheat the
past week; the market really has been
dull. The market started out rather
! firm, but prices broke off rather sharp
ly later, influenced by the speculative
market. War news was one of the early
factors Crop advices were generally Of
favorable character. Not much bust
ness was transacted
New wheat shipped by July 90
Some bids with No 2 red 1ac over July
price and No. 2 hard also &c over July
price. All July shipment same as July
price. August shipment was quotably
same as September to nc over.
Spring wheat ruled rather firm, es-
peciafly the early part Of the week, but
later under the weakness developed in
the speculative market, the feeling be-
came easier and top prices We're not
maintained. Receipts have been light
and demand Of a very moderate char
acter. The trading was entirely to sup
ply domestic millers and comprised the
various grades, but mostly choice
| northern. Stock in store. that is pub
lie elevators. decreased $4,000 blu. All
fresh receipts were taken up readily
hHy nif lot - co11 81,
the speculative market, or by millers
In regular wheat prices showed de-
clines Of %@1Ec for the week. Deliv-
| cries on May contracts Friday amount
ed to 100000 bu. This wheat was paid
| for by strong hands There was little
on it for profit. At same time it was
! a dangerous procedure to put out short
market for a decline SO that a profit
might be secured. II the abnormally
cold weather and the delay in seeding
| in the spring wheat country, both sides
| the international line are excepted,
conditions surrounding the crop situa-
| ton was even more "bearish" than at
any time since the winter wheat crop
| was seeded. The cooler weather in the
winter wheat belt was said by ex-
perts to have been a help to the grow
| ing plant, as it checked it's too rapid
! growth. An accepted authority on crop
conditions advanced the opinion that
| the condition Of winter wheat today Is
| more promising than it was month
ago, and that the crop yield in south
west would indicate an estimate sur
passing all else heretofore more public.
BARLEY-Receipts were increased
the past week. There was at the same
time little or no gain in actual offer
ings A fair quantity came forward for