Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-04-28

and Duluth, and stocks in those mar
kets have been reduced sharply. The
seeding OF wheat in the northwest is
now being pushed. but 1t Is claimed
that there Is a possibility of reduc-
ton In the acreage seeded.
CORN-This was the leading market
early In the week in the matter or ac-
tivity, as we'll as strength. There was
tons late when compared with those
early in the period under review. Price
losses were h@1Ac. Following the
liquidation Of enormous lines Of long"
May corn, and the heavy selling OF the
more deferred months there was An
advance in values. The principal
change was the giving way OF weak
cash business to speak Of because OF a
declining market for Argentina corn,
there was a big tyadc In our own grain,
This taking of the cash article proved
to be potent "bu!l'' factor Of the week.
Sales were heavy on Eastern shipping
account, and the shipments by lake
We're on a large scale, many Of the
larger SPECTATORS who sold their corn
at a locs early in the week were to be
seen on the buying side later. The
market was one Of many sharp changes
and twists and the volume of trade
was Of such enormous proportions that
1t was impossible to keep line on the
tsensactions. While the May liquida-
| ton was on large scale it Is general
ly believed that tho open interest in
that future is still Oh large scale. The
open interest in the more deferred fu-
lures has been reduced to compare
lively small proportions The move
Eaent Of corA has been on an exception
ely small scale-not only to the Chi
Il YkNtc
| cs well.
| Argentina shipments for this week.
I1,514.co0 bu: week ago, 4,412.ooo bu;
year ago, / $4,000 bu. The Argentina
visible supply decreased 100000 bu for
tina week to total OF s.2so,ooo blu,
against 100000 hu one year ago.
Clea-ances from the seaboard were
$4,000 bu the previous week and 1,126,-
0Oa BIZ for a like period one year ago.
! OATS-Large trading and fair
range Of prices with q lower level was
the feature In this market. At the close
sales were at net gains Of Y @1c for
| the week. In addition to the heavy COW
ering by Shorts and changing from
near to distant futures there was ac-
tive operations In the way Of closing
spreads between corn and oats, the
later being sold and the corn bought as
difference nearer than of late. Weather
over the greater part OF the oat sec
tons was cool and seeding operations
were actively pushed and are about
completed. In the northwest cold
weather delayed work. In the face Of
1.-The decline in corn prices held well. A
feature that attracted attention was
the advance In the cash lots in store to
lAc over May, and liberal sales were
made to shippers on that. basis AT the
same time May was discount from
July. In the shipping trade there was
a fair business but the east is not load
there reported that they had good
stocks. Canadian oats continue fac
tor in the trade. but they have not de-
clined as much Of late as the domestic
article. In the sample market prices av-
eraged lower. Receipts for the week
were 576 cars against 622 cars the pre-
vious week and sos. cars last year.
u RYE-The market ruled dull and
easy early in the week. but little
stronger later. There were only light
receipts and the offerings OF fresh ar
rivals were small. There was no spec
ial demand early; in fact, not much to
do anything with, as the offerings
consisted only Of poor and God lots, but
later there was little more call for
were obtainable. Trading entirely local,
domestic manufacturing concerns TAX
! ing the offerings and fresh arrivals
disposed of readily.
BARLEY-There was precious little
to the barley market the past week.
When trading gets down to from about
eight to fifteen cars daily in mailing
| grades it is thin business and such
have been it's dimensions lately. Ar
! rivals have remained small. They
might have been smaller were 1t not
that cars came in which were sold to
arrive some time ago for April ship
! ment. Cars, so delivered deducted from
the arrivals left only small quantity
/ to be offered The country evidently
was not sending much barley to be
/ sold at current prices.
TIMOTHY-The only event Of any
note since the previous weekly report
was the starting Of the trade in new
/ crop seed. This began with the sale OF
a small lot for September delivery at
/ IS. After the initial trade this price
was several times bid, but 1t was not
offered except at a better figure. Trad
! ing in current arrivals Of county lots
I was quiet. Some transactions occurred
daily. They included some cars of spot
land to arrive. but more frequently they
were Of small lots. There existed de-
mand for good seed-that Is. seed that
was pure. Market Arm for such. f3
| CLOVER--Only few small lots
came on the market. These sold at $40
11.50 for poor to fair quality and few
bags Of dirty alsike at $40. The busi-
J ness done did not amount to- anything,
I that is, the open market trade. Move
ment of clover was small. From the
little that could be learned the season
! was well over.
IAY-Receipts for the week were
1888 tons, against 9,253 tons for the
! previous week. Shipments for the week
4 were 914 TONS, against 1912 tons the
4 previous week. The offerings OF tim
/ othy hay were liberal during the past
week. good local demand existed and
4 the market ruled steady No particular
i change to note in prices. Prairie hay
was in only fair supply and the de-
mand was good, especially for the bet
ter grades. Prices show no material
change The April / farm price Of hay
in the United States Is reported at
i $12.2o, against $11.15 on April 1, 1918.
Quotations at the close ranged as
4 follows:
Choice timothy hay 49,. $500 a 1000
No. timothy .......... 16.00@170O
II No 2 timothy .......... 13.o0@140O