Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-30


new crop. These losses have been 3& %
SIC, and they would have been much
greater had not buying power came
from abroad. At no time In the history
of the Chicago market has there been
as much wheat sold for foreign ship
ment for this time Of year as has been
sold on the present crop. Many millions
OF bushels are to so out with the wheat
harvested and threshed. and In return
for this grain, the gold Of the foreigners
will come in. For several years past,
elevator concerns have made no great
amount OF money. but they will have
all the grain to handle this year that
they will be enabled to take care OF.
The markets of the old world have de-
clined along with that of Chicago. and
this has been brought about largely by
the offerings Of new wheat in the i'm
porting nations.
CORN-This market ruled 1A@2c
lower for the week. Dry weather In
sections Of the corn belt, coupled with
talks Of deterioration from some sec
lions, proved to be the help for the
bulls" early, but the old bear crowd
sold prices off late. Unsettled conditions
have existed In Argentina and not un-
til the middle Of this week was the
weather favorable there for the move
ment and the drying out Of the corn
now held in that country. Argentina
corn Is again on sale at our eastern
seaboard and exporters are willing to
accept lower prices On Wednesday
York at Csc shipment by July 10. The
receipts Of corn at Buenos Aires and
the other ports in that country are
larger and the quality Is better. Liver
pool reported quiet demand for car
goes and parcels of Argentina corn with
the Danube offering more freely The
farmers of the United States refuse to
part with their grain at the present
price level and those centers are buy
ing futures at Chicago instead of SELL
ing their cash grain. There are some in
the grain trade here who volunteer the
opinion that corn will sell as high as
wheat or higher In case Of crop de-
terioratlon in our own corn belt there
will be much higher prices seen on the
present crop. Western receipts continue
to fall off and are likely to be smaller
because Of the publish" views Of
holders in the interior.
OATS-Good trading within fair
range was the feature In this market
At the close July was 29sc lower, Sep
TENDER 2bc and December off 2Ac for
the week. A lot of July liquidation and
hedging sales was on part of the week,
WHICH Ildu TIE eject Ol OISelllIlS Ine
bad crop news and fair run Of outside
buying orders sent from sections where
crop Is poor Houses which were the
largest buyers last week were free sell
ers at the start of the past one Bad
crop reports came from Ohio, Indiana
central Illinois, a few from Missouri
and Iowa. The latter complained Of
rust damage, and were accompanied by
buying orders. In parts Of this state
hn cfr &c oh ha will
have to be moved.
RYE-This grain followed the trend
of the wheat market to some extent the
past week and prices were 1@2c lower
for No. 2 and about SC lower for the
under grades. The receipts were lit
| tie larger and the demand was restrict
ed Receivers were compelled to carry
over their consignments in some in
stances for want Of reasonable bids.
BARLEY-Extreme terms are apt to
eXaggerate. at the same time to say the
barley market bordered on demoraliza-
ton the past week would not be going
far from the mark. The ranges Of
prices show "a Sc decline. and since
buyers constantly demanded better
goods at the prices ruling, the actual
decline amounted to even more good
for mailing would no longer do SO and
had to go as feed.
TIMOTHY-The market was firm
early Fair sales Of to arrive lots were
made Several cars were sold at $4.75.
This was regarded as good price for
the quality. 1t represented as much if
not little more than previously had
been bid. Later some sales OF smaller
lots were made at $4.250D4.50. There
was nothing active about the market.
CLOVER-The market has remained
nominal Offerings were entirely abb
sent The same can be said OF the de-
mand and that is about all that can be
said. Dealers said there was no change
to quote. That was the extent of in
formation obtainable; it was little, in
fact less than that. Other markets
quoted prices firm early easier later.
The clover hay crop probably has been
made There have been good rains
! lately and there that, it would seem
, start the seed crop out favorably.
HAY-Receipts for the week were
9,006 tons, against 1858 tons for the
previous week. Shipments for the