Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-21

IreSh receipts were TAKEN up reduhy W
either spectators to sell again In the
speculative market or by millers. Re-
ceipts for week aggregated IS cars.
Withdrawals from public elevators
were 1904 blu and from private ware
houses Fl cars and no bu The STOCK OF
No hard and No. l northern In pub
lie elevators was reported at $4,000 pu
against 100000 bu the previous Week
and 2,170,000 blu a year ago. or all oth-
er grades there were 5000 blu against
5000 bu the previous week and 40o0
bu year ago.
In regular wheat a stubborn market
prevailed. and a disappointing one, TO
those in the trade who were short ana
who favored price losses. Instead OF
advances of hdD1hc. The week open.
ed weak, and there were declines all
around because Of liquidation by weak
kneed holders, who imagined that tney
were able to lool, into the future and
see much lower prices. Ideal crop pros
poets from the experts who were In the
winter wheat belt, as well as from pri-
vate industrials. caused more or less
wheat to be sold. Liquidation by longs
as well as the putting out Of short lines
Were the features as well as the con-
trolling influences. 1t was said that the
recent cold weather had not damaged
wheat and that there was no loss from
the green bugs or other pests any
where. Corn was week on Monday, and
this was against the price of wheat. 1t
was also said that seeding operations
in the northwest were under way, and
that there was little danger of the cropl
being seeded late. Cash wheat at Chi
cagO was particularly dull. and export
bids were out Of line with the actual
cost of the grain. There was an almost
complete reversal Of conditions Tues
day, when the sellers OF Monday turn
ed to the buying side, The change in
sentiment was the result Of the order
ing OF the Atlantic fleet to Tampico.
Mexico.
Large buying has been held In abey-
ance for considerable time, but may
revive at any time, probably when
stimulated by adverse crop reports.
Continued small shipments from Ar
gentina and India and smaller ship
ments from Australia from now on
should more or less offset the larger
supplies from Russia, the Danube and
North American, and the bulk of the
demand will be thrown upon countries
where holders are firm.
The visible supply decreased 1,o61,-
900 bu the past week to total Of 50,-
100000 blu, compared with decrease
Of 1.s14,ooo bu and total Of 6b,467,ooo
blu one year ago. Chicago stocks de-
creased $4,000 bu to 4,757,000 bu.
compared with $4,000 bu one year
ago.
CORN-There was more talk late In
the week regarding the incoming of
Argentina corn. but this was partially
Offset for the moment by rumors OF
large charters Of vessel room for the
opening Of navigation. The vessel room
reported chartered was placed az high
as 1000, 900 blu, and as small as 24O 900
bu. There were reports of the east AZ
taking more corn. but the daily sales
| failed to convey this, the business ruiz
ing slow. 1t was said late in the week
that purchases made some time ago
were being cancelled. Resting spots for
week showed losses Of az @3Nc. There
was a reduction in the sales by country
holders and consequent falling of in
the receipts at Chicago as well as at
primary points. 1t il said there is still
a big open interest in the May future,
and this has brought out the talk on
the part of Shorts" that the Argentina
corn now afloat and coming to this
country will be delivered on contracts
when May rolls around. Consumption
Of corn abroad has been reduced owing
to the mild weather" say international
review. Buying for forward delivery
| is on a large scale. Danubian offers are
increasing, and Plate holders are firm
er and there are reports of liberal pur-
chase by America" The Argentina
corn came in for Its share Of attention
at the opening Of the week-in fact. 1t,
/ overbalanced all else In the market
The news from that country was
against the price. Argentina corn for
clearing first half Of May. arrivals in
New York first half Of June at 63c. ac-
cording to an accepted grain authority
at the seabOard.
| Weather in this country Is favorable
| for farm work and receipts Of that
| grain are likely to continue small as
marketing while seeding Is under way.
The visible supply decreased 1896, 1000
| bu the past week to total of 17-546,-
| 900 blu, compared with decrease Of a.
| 307 900. blu and total Of 17.419,000 bu
one year ago. Chicago stocks decreased
sos, 900 blu to 100000 bu, compared
with total Of 7,835,000 bu one year
ago. Corn afloat in Chicago harbor r.
| 297 900 bu year ago
| OATS-Weakness and lower prices
was feature In this market during a
| good part of the week. There was a lot
| Of liquidation and pressure from the
bears and good business In changing
| from May to July and September, diff
ferences changing sharply New bust
any extent, and trading was largely To-
cal Sentiment in the main was bear
ish," and there was little on which to
induce any substantial buying. except
I that prices have had fair decline of
late At the close sales were at net
losses Of TX @1Nc for week. Prices
here have declined faster than Canad-
ian as regards futures, although those
holding Canadian oats were disposed
to sell cheaper than the domestic ar
ticle without attracting many buyers.
weakness in corn at times had de-
pressing effect as 1t encouraged short
selling. Seeding operations, after being
delayed of late, progressed under more
favorable conditions, and the soil is
regarded as In the right shape for rapid
growth with favorable weather. Ship
ping demand was moderate. Supplies
in the sample market were not large
and prices averaged lower. Receipts
for the week e22 cars, against 799 cars
1 for the same time last year Export
clearances for the week were 100000
bu, against 4,213,00O blu last year Con-
| tract stocks decreased 10000 bu and
are 2,658,0O0 bu. against 1.234,000 blu
4 last year. In the visible supply there
was decrease of 474.000 blu, against
/, 100000 blu last year The total was 49,
! 74S.O00 blu against 11.549.OOO bu last
| ,,nor t. tho Copolioy, 1,icil1o <I,or, ,,,o =