Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-10-27
The Courier's Markets of the World

the receipts, especially Of good wheat,
round buyers at the daily established
prices, but poor wheat was dull. Re-
ceivers were not able In all cases to
keep consignments cleaned up daily.
Millers have taken very little spring
wheat the past week and spectators
seemed Indifferent. Receipts for the
week were 81 cars, against 122 cars the
previous week. Withdrawals from pub
lie elevators none, and from private
warehouses non and no bushels.
Regular wheat was higher, the close
showing the December up 3%c, while
May gained $50, the former delivery
finishing at $1.17h, and the latter
closed at $1.22&. Sentiment was decid-
eddy "bullish" the first Of the week
and sharp gains were scored, December
advancing to $l.16% and May to
$l.22A. Strength was based chiefly>on
the enormous export call, which ap-
parently has extended to all parts of
the country and has continued in Can
ada. In addition to the excellent ship
ping demand, bulls" had the advan-
tage in that most of the news was en-
couraging to holders. Receipts are larg-
er, but there is big movement out OF
the country and foreign markets con-
tinue strong. The continued light run
towards Canadian terminals. enormous
exports from this country as officially
reported at 31,269 900 blu for September
and total Of SS,795,0O0 bu from July
to October /, were other bull factors.
Large sales for export were reported
in the northwest, also at Kansas City
and st. Louis. and the market was also
affected by the fear Of a, spread Of the
war in Europe. The leading English
London claimed that international de-
VtA1nnrnanfS invnlx-inS u nnccih1a
ticipation of Turkey. Roumania and
Italy in the war held large place in
general interest, and that important
developments may be looked for very
soon was the general belief in dipIo-
matte circles. The situation between
Italy and Austria was reported as be-
coming graver daily. Reports to the
department of agriculture indicate the
crops Of all nations aggregate a.741.-
01S,00G blu, against 4,125,310,000 blu in
1913 and 3,791,S75,o0 blu in 1912. OF
the S92,000,000 blu record wheat crop
harvested in the United States. $685.
100000 bu it is estimated will be re-
CURED for use in this country and IT,
100000 bu for seeding; this will leave
290, 0oO, 900 blu available for export basis.
The largest quantity ever exported
from the United States heretofore in
one year was 235,O00,00O blu in 1902.
Last year 141.000, 900 blu were exported.
1t is practically certain that the
present shortage of this seasons Eu-
ropeaH yield will be magnified by the
complete returns. Harvests were pref
ty we'll over before, or soon after, hos
tilities began and the grain is believed
to have been saved in generally good
condition except In territory actually
occupied by the contending armies.
Great Britain, Italy, Spain, Hungary
and Russia normally producing more
than two thirds Of the European wheat
show this year 80, 000,O 900 .bu less than
last year, but 34,000,000 bu more than
1912. Fine weather and higher prices in
the u. S. northwest gave wheat another
increase. New buying was lacking, the
public refusing to follow the advance
and on the downturn the December
touched $1.14h, while the May sold to
$1.20A. Good support again developed
around these figures and market again
assumed a decidedly strong tone. Con-
tinued large export sales in all direc-
tons proved the chief dominating fac
tor, and reduction in the European
visible and continued small arrivals at
Canadian markets were other support
ing factors. Spot wheat at Berlin was
quoted $1.92 and all foodstuffs reported
scarce and high.
CORN-Rather more interest center
ed about the market for corn during
the week just closed, and the feeling
manifested was stronger, the close ex-
hibiting gains Of rs @3c for the De-