Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-13
oTTuMwA COURIER, TUESDAY, JANUARY Is. ISL.
GRAIN REVIEW OF
THE PAST WEEK


the Chicago Board Of Trade was rather
good during the past week. Specula-
tive operations were Of very fair vol
ume, the interest however, centering
more in coarse grains. Values were
governed to considerable extent by
the movement of grain and reported
supplies in sight, weather conditions IN
Europe as we'll as In the southern
hemisphere also proving important
dominating Influences.
Weather conditions in this country
during the week just closed were gen.
orally regarded as unreasonably mild.
Rains the closing days OF last week
caused the snow to disappear over
good part of the southwest, the official
map, as published up to last Mon
day, showing one inch or less over the
REGION between the Missouri and Mis-
sissippi rivers. Elsewhere, except In
the Rocky Mountain sections there is
little protection Of consequence. Ad-
vices regarding the condition of the
winter wheat plant we're as a rule
highly satisfactory. Reports from the
Pacific northwest were f1atter1ng and
area seeded large. Advices from Cali
fornia reported ample moisture and
crop prospects bright Temperatures
were not the best for handling and
conditioning corn and the grading still
shows an excess of moisture. .
The movement of grain from the
farms and interior elevators was only
moderate during the week just closed.
Marketings In the northwest, both
sides the international line, showed q
considerable shrinkage. and arrivals
were much smaller than during the
corresponding period one year ago. In
the southwest wheat deliveries also
fell off, though corn came forward
quite freely, with further importations
from Argentina via gulf and Atlantic
ports. In the middle west and west
the movement of grain was just fair
Locally the receipts were moderately
large, considerable wheat coming in
from the west. Shipments of grain
were only fair and arrivals at the sea-
board fair. Exports of breadstuffs were
large and light of corn.
The trade in cash grain this week
was fair. Consignments hardly as lib
eral as last week and purchases to ar
rive were moderate. Demand for
wheat moderate. Offerings fair. Prices
easier for most grades, though red and
soft winters were relatively steady.
Corn in good demand and offerings
moderate. Prices lower Oats were
lower. Demand fairly good and sup
plies moderate. Rye ruled steady.
Barley in good request-that Is, malt
ing sorts-and prices comparatively
steady. Seeds were inactive and NOM
inal. Choice timothy hay in light sup
ply and firm. Demand good. Medi-
ium and low grades in lighter supply
and demand improving. Market steady.
REGULAR wHEAT--The market
closed up fairly firm, with the May and
july closing the same as week ago.
Local sentiment was publish at the
outset, and values tended higher. but
the trade was mainly local. and not
enough new buying to cause much ad-
the strength at Liverpool, light receipts
and higher markets in the American
and Canadian northwest, and some lit
tie betterment in the milling and export
demand for cash wheat. Foreign statis-
tics, too. made rather a publish" show
ing, but around 92hc for the May and
SS088hc for the July more selllng
| pressure developed, the break In coarse
grains counting against values. Good
support developed around 90Bc for the
MAY and SIC for the July, and fair re-
covery was scored, the change in senti-
ment being due in the main to the re-
| ports of heavy rains in Argentina and
the very marked falling of in the mar
ketings in the Canadian northwest. The
general lack Of outside buying support,
and further decline in corn made the
uptu1n in values very general, although
the May finally sold up to 91Bc and
the July to S7Hc. Early decline brought
prices close to an export basis for hard
wheat here and In the southwest, and
| Minneapolis reported some betterment
| in the foreign demand for flour. The
market also gathered some support
from the large clearances at the sea-
board, and light marketings northwest
both sides the international line. Re-
ported 116, 900 blu No. 2 hard winter sold
here for export and $1,000 blu was
worked at st. Louis Worlds shipments
| 1632.OO0 bu, Russia contributing 2,
1904, 900 blu of total-against 1O,560000
bu all told the week previous and $780,
900 bu one year ago.
The domestic visible supply increased
27O 900 bu, as compared with 2.174,000
bu addition same week in 1913, and now
totals 74,266,000 blu, including the bond
ed wheat in this country, or 100000
bu larger than last year.
| A~Ss~A
ing was quotably May price to Nc un-
der and ranged at 90A @92c, with an
occasional transaction. No, 2 northern
track lots ranged at 89@91c. No.
northern was quoted at S7089kc fol-
fair to choice. No. northern ranged
at 83@SSc for poor to choice. No.
spring local billing was quoted at $50
9OAc No. spring ranged at S7@S9c
and No. spring at S3@Ssc. Velvet chat
ranged at S3@90%c for poor to choice
No. was about S3@S6c. No. 3 was
quotably S5@SSc No. 2 ranged at $40
| sec and No. at S9090Ac. Durun1
re- nged at S2@S9c for poor to choice
No. 4 was quotable at S2@83c, No.
ranged at S3@S5c, No. . quotable at &c
| @sSc and No. at $4,000
No. 2 red in store Is in few hands
and was quotably 5000 over May
prices, and ranged at 98h @9Sc. Track
lots local billing ranged 5@6hc over
! May prices and was quotable at $50
I 9S1s c-only an occasional is received
No. 3 red local billing was duotable al
! 93m94c. No. 4 ranged at S7@91c fol
poor to choice, No. hard in store CEN
P, tered in a few hands and quotably 2t
Under May, and ranged at $4,000
Trade lots local billing quotably &c un.
| la. Nav and ranged at 1914 "a 9Oc md