Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-02
The Courier's Complete the Markets Of World

small for time, and that this fact VIII
give the holders Of the old grain q
splendid chance to clean UP their sur
plus, and at the came time they Will be
enabled to name the rnice Specuiation
in wheat has been on AIRY broad
scale. with the trade confined largely
to the spectators at Chicago as well
as the other markets Of the world, but
there has been fair trade on OUTSIDE
account The crop experts WHO are now
in the winter wheat belt have contln-
ued to send in conflicting reports. but
in nearly all cases the advices received
from Kansas have been more favor
able than from any Of the other states.
1t Is expected that Missouri Will nave
short crop because Of the fly invasion,
and that there will be scattered losses
through the balance of the winter
wheat belt. Those In position TO Know
best, say that while there have been
losses, there will be a bumper crop
nevertheless.
CoRN--As in wheat, the May future,
| in corn was the leading attraction inso-
| far as ptrength was concerned, and
that month closed with gains OF i&c
for week, while the July and Septem.
her were u a nc lower. The volume or
trade was not as large as several pre-
vious weeks the market. however, was
unsettled from day to day. Many OF
those who were looking for weak spots
on which to make purchases. were
more, or less disturbed because of the
non-appearance Of the decline when
most needed On the other hand there
were many who were anxious to secure
profits. and they ascertained that the
market was not in a position to absorb
largely increased offerings, The open
interest in the May future was much
larger than most people believed. and
ha h,,1y{ y,rV nF hof fha
Strengthening influence for the entire
corn list The advanye in May drove
many Of the Shorts" in the other
months to cover. and any declines in
the May were generally followed by
short sales Of the deferred future. In
some sections of the corn belt rains are
needed, as the ground is said to be
quite dry. On the whole, however, corn
is doing nicely in most sections of this
belt. The old time farmers. and those
who know conditions in the country
best, say that never in the history of
the land, have insects been as plentiful
as are to be seen at the present time.
1t is feared by many that with the cut
ting of the wheat crop. the insects who
have damaged that grain will turn
their attention to the corn and make
more or less trouble, for the farmer in
consequence. The cash trade in this
grain has been small and all Of it was
for domestic account. The Argentina
corn has cut less of a figure in t''
matter of price making than heret'
fore. The offerings from that county
are small because Of the recent nnfnv-
ora BILE weather. and 1t is said that con-
siderable corn there is in bad condition
and that some Of 1t is actually un-
understandable.
OATS--Active trading and a liberal
range Of prices featured this market
. May closed weak after good advance
with net loss of nc, while Jr,
closed 1sc higher and September y.
lower Shorts" were hest buyers o
ing profits Leading shorts" In Ma,
were free sellers Of July. Bulk OF the
r new trading that came into the market
: was in September. Weather and croI
reports were the leading factors in in
: fluencing operations. 1t was dry and
!, hot over the greater part Of the leading
, oats sections in Illinois and Indiana
) and the outs crop Is said TO be suffer
! ing. 1t is the belief of some Of the ex-
| perts that when oats get poor starr
t they seldom recover from 1t. West OF
the Mississippi river the crop was
benefited by good rains, and west OF
the Missouri river there was too much
rain In the northwest crop conditions
were good. Cash demand was moderate
t larger and prices averaged higher early
} and declined sharply in the later trad.
E ing, especially on contract grades
; while others were little changed
t RYE--The market was quiet. bu
prices held up firmly all week A fail
= demand existed. but the small receipt!
i prevented much trading and buyers ex.
! perienced difficulty in supplying theil
wants. No export business reported
hut
: taken out Of store, representing thu
! transactions made last week The few
cars received met with sale to domes
v tic manufacturing concerns
ii BARLEY--It was a highly satisfac
9 tory week in this market as far al
: prices are concerned, but the volume Q
Q business transacted was not large
a principally because Of paucity Of offer
: ings. Masters, who have been sayin.
I that they have enough stock on hand t
y keep them going until the maturity am
. harvesting Of the new crop, displaye'
). some anxiety about getting barley, an
y the buying was brisk enough to fore
2 an advance Of 1c in prices, the loy
: grade and medium kinds beneftting II
> the advance. There was more mellow
. barley received. and as result tn
n choice grades did not advance in pro
/ portion with the more cheaper grades
!. TIMOTHY-A better feeling per
:. vades this market, both for cash see
: or futures. There was less cash seed Of
: fered and the sales reported were at
y higher range Of prices. Yet, despite thi
= fact there were a few lots carried Over
a as holders desired a better price 70
their consignments and refused to ac
: cept the bids rendered.
- Notwithstanding was the chic
= feature Of this market. although tn
g trade exhibited more life than it has 6
= late. There was a bid Of $13.25 recorde
! for October seed this week, while hold
- ers would not offer under $1,000. Spc
: contract was quotable at $13. Fe'
i, small bag lots Of seed sold. Country lot
: were quotable at ss@12.5O for poor
!. choice. with fancy higher, and yer
4 poor down to $5D7 and some see
= might sell lower than this. Fair to goo
!. quotable at S1o5o@12. Alsike, commo
to choice quotable at S10@15.
= HAY-Receipts for the week wer
q 6,119 tons, against 5.935 tons for tn
4 previous week. Shipments for the wee
!. were 755 tons, against 744 tons tn
8 previous week. No particular change
the market for either timothy {
v prairie hay during the past week.
!. good local demand existed and the OF
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