Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-02-24
TheMarkets Of World
GRAIN REVIEW OF
THE PAST WEEK

Weather conditions in this country
during the week just close were gener-
ally regarded as favorable ana Reports
Regarding the condition of fall-soWn
grain were in the main quite satlsfac-
tory. Lower temperatures prevailed at
! the outset over a good portion or the
winter wheat belt, followed by milder
weather, but as yet complaints or GAM
age resulting from thawing and freez-
| ing are not very numerous-ln Iact,
most advices claimed the crop in good
condition. Heavy SHOWS fell through the
east and light falls reported in the west
and middle west Agricultural outlook
on the Pacific coast continues hlghly
favorable, also in the Pacific northwest.
! The movement Of grain from the
| farms and interior elevators during the
/ week just closed was, only fair In the
aggregate. Marketings in the northwest
| were somewhat smaller, and arrivals
at leading distributing centers continue
to show some shrinkage. Interior re-
serves in that section are steadily de-
creasing. In the southwest wheat de-
| lveries hold up remarkably well,
though somewhat smaller, and corn
came forward quite freely, with further
. importations via Atlantic ports. In the
middle west and west the movement Of
-; grain was moderate. Locally the re-
ceipts were only fair, considerable
/ wheat still coming from the west
! Shipments of grain only moderate and
arrivals at the seaboard fair.
The leading speculative markets on
change were moderately active during
| the week just closed. Business was only
of fair volume and transactions mainly
| on local account. Wheat ruled dull at
the start, but more interest developed
as the week advanced. Rather firm
undertone was prevalent at the outset
Outside markets were higher and
foreign advices in the main favored
| holders.
Corn was stagnant at the start, but
| livened up considerably later on. Ar
| rivals from the country were a little
| larger on consignments, but most Of
the other receipts are going to fill old
! sales made to arrive. Eastern shipping
call again very light. Shorts" covered
late in the week and the whole list ad-
vanced. being helped by the upturn in
wheat and the promise of unsettled
! weather in the corn belt and probability
Of smaller run of receipts. Oats at
tracted little attention early but were
| moderately active toward the close.
The trade in cash grain the past week
was reported as only fair. Consignmehts
were little larger and purchases to
arrive moderate. Demand for wheat a
Illle HHpfONcu anu SAFES ldISSi ouSI-
i ings fair. Prices steady early and firm
err later in the week Corn in moderate
demand and offerings fair. Prices ruled
lower Oats also firmer. Demand fair
and supplies moderate. Rye ruled quiet.
Barley in fair request-that is, mailing
grades. and the offerings were small
Prices quotably steady. Seeds were
quiet and price changes unimportant
Choice timothy and prairie hay in good
6anoan1 and offarinCC on1v fair T,Oyv
and medium grades, especially prairie
| hay, in liberal supply and market very
quiet. Demand light.
| WHEAT--?Activity supplanted dull
ness, and weakness was forced to give
way to strength. The week opened
| slow-tiresomely so-and conditions
pointed to continuation Of an unat-
tractive market. An export demand
sprung up, as if by magic and as this
demand seemed to develop simultan
| eously in all the important, as we'll as
unimportant, markets Of the country.
| there was a reawakening. Those num-
bered among the talent and who were
short" rushed to cover their outstand-
| ing contracts, and those who were even
on the market proceeded to take on fair
sized lines and hold the grain for a
profit. There was more or less irregu-
| larity in price changes. and the resting
spots were Y 611sc higher for week.
| The selling from day to day was led by
| those having profit& These offerings
prevented marked congestion and held
| the market steadier than it otherwise
! would have been. The strength in the
Liverpool market was largely attribut-
ed to shorts covering. prompted by
the scarcity of Canadian offers, the
| frmness in Platte, and better inquiry
| for Australian wheat. Speculation
, abroad, however, is at present in abey-
ance, but present conditions are devel-
oping favorably for a new campaign
with lighter volume of supply and a
possibility of crop scares either in
North American or Europe, and this
would probably act as an immediate
| stimulus for an upward movement.
| There was decrease of ISL 900 bu in
| the visible supply to total Of Ga, 584, 900
| bu for the corresponding period one
! year ago. The Canadian visible supply
decreased $4,000 blu to a total of 49,.
| $4,000 blu, compared with 24,188,000 blu
one year ago. Worlds shipments were
! smaller than expected at 12,S16,O00 bu,
against 12,944,OO0 blu one year ago.
Winter wheat ruled firm the past
week, and prices averaged slightly bet
J ter sympathizing with the better tone
, in the speculative market. There has
! been moderate business transacted,
both on domestic milling and on export
account. The demand was not urgent at
| any time. but just in quiet steady
way, and buyers wants were easily
supplied. The little wheat taken by do
! nestle millers comprised the various
grades, while the transactions for ex-
port comprised No. 2 hard. Receipts
held up fairly well all the week, but
| the wheat did not all come on the mar
! ket, and evidently was delivered on
purchases to arrive. The track-lot Of
ferings were taken readily, partly by
spectators.
! The market for spring wheat ruled
decidedly firm the past week, more so
| than futures, and higher prices were es-
tablished. Spring wheat has been
scarce. Receipts were SMALL and the
competition among buyers resulted in
developing a strong tone and better
prices. The daily arrivals were taken
| readily by spectators and millers. A
moderate quantity sold to outside mill
: ers. and the supply in store showed
some reduction from one week ago. Re
ceipts were light and aggregated AZ
cars for the week.
CORN-While there was no great at