Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-17

VI none TO America, but contracts are pc
i ing made at the highe views of hold
ers. The continent was reported as
better buyer Of this grain. The ship
ments from that country are previous
week were $4,000 bu and a year ago
1,276,000 bu. The Argentina visible
supply is now 10000 bu: year ago L.
i 100000 bu.
oATS--A sharp break In values was
| made early in the week. due to the dis
appointed showing made by the gov
| crnment estimates on farm reserves
which was larger than the trade an
ticipated and led to general selling by
longs, and considerable pressure by be-
levers In low prices. Values declined
to the lowest figure on the present
downturn, and the market on the whole
showed poor rallying power, the best
buying being by commission houses on
resting orders. and by shorts" Closing
trades were at net losses of u a &c for
the week. The government report
showed that on March l farm reserves
were 419,500,00o blu. or 37.4 per cent Of
the last crop, compared with 604,216.00O
bu, or 42.s per cent on March 1. last
year, and 299,998.000 bu or 31.4 per
cent In 1912. About 26.5 per cent of the
crop will be shipped out of the coun-
tries where grown, against 800 per
cent last season. Shipping demand
from the east was slow, as Canadians
are entering into sharp competition
with the domestic article Free sales
were made Of grain in store to make
room for corn-prices being made
! proved attractive to buyers. Supplies in
the sample market were ample for the
requirements, aggregating zoos cars,
against LOIS cars the previous week,
and 1869 cars last year. Export clear
ances from the seaboard were $4,000
blu. against $4,000 bu the previous
week. and 10000 bu last year. In the
visible supply there was an increase Of
IS. 900 blu, against 2.135.000 bu last year.
total stocks being 21,577,00O blu. against
/ 900 bu last year. Local stocks
| decreased $4,000 hu and were 10,O06,-
900 blu, against 4.S34,000 bu last year
OF contract they increased 1900 blu.
and We're 3,215,000 bu against $4,000
bu last year. ...-
| RYE-A rather steady feeling exist
ed the past week, and there were no
important changes. No special demand
existed and vet there was enough doing
to take up the offerings. But buyers
acted Indifferent and We're inclined to
be favored by sellers rather than refuse
their bids. There was no competition
among buyers. The demand was to
supply wants Of local manufa curing
concerns No export business here.
From August 4, 1913, to February %,
1914, exports from United States were
reported at $4,000 bu, against $4,000
bu for same period in 1912-13
| There We're Is cars withdrawn from
unlicensed houses during the week. No.
2 track lots, local or Illinois billing sold
at 60@62c. and a part car sold at 59hc.
No 3 sold at ssh a soc. and No. 4 at SO
@56c.
BARLEY-There was for time a
very sick market. During the first half
Of the week it certainly looked bad. The
- Inn I'D
Independent and were bent on getting
barley cheaper. It was so here and ap-
peared to be so elsewhere from the ad-
vices which came. Malt was said to be
going out slowly. Manufacturers were
reported heavily stocked. with both
barley and malt. At that time we had
occasion to say that gloom had come
declined anywhere from &c to &c, de-
pending on the grade. Better grades
really suffered the most. Buyers would
not consent to the premiums they had
been paying. Sellers were constantly
complaining Of prices ruling, and those
a week. ten days. or two weeks ago.
Sometimes it was said there had been
a shrnkage in good barley Of 5@sc in
IT,. time: the fact that there is always
q difference in judgment Of value is
sometimes not taken into account. yet
it should be. 1t has been expected that
the arrivals would fall off materially.
but they did not. Buyers. while having
about all they cared for. were having
barley offered them all the time. The
no -letup in offerings caused them to
look for lower prices.
TIMOTHY--There was not so much
trading as week and two weeks ago.
A good number of held cars had been
sold. and this made the offerings small
err: toward the end the offerings again
increased. OF the kind Of seed offered
there was fully as much as was cared
for and perhaps more. 1t was mainly
poor to ordinary or fair quality. Deal
ers, did not really desire such seed, at
least they were not at all anxious for
it, the bids made showed that. Parties
offering such seed were usually disap-
pointed with the bids. Some cars were
sold and others We're not. While this
class Of seed was dull and weak, there
was another kind which dealers stood
ready to take. This was seed of choice
quality. Such kind was almost absent
in the offerings. This was quoted
steady and firm. In consequence of
scarcity it was for the most part NOM
inal. The laws are SO particular in
, many states as to the requirements in
quality and purity which must be met,
that difficulty is found in getting seed
Of a kind good enough so that 1t can
be brought up to the standard required
That accounted for the fact that one
kind Of seed was salable and steady,
and another kind dull and easy For the
main run of offerings there was about
ooc decline. The sales were over a
range Of SO 5.25. The bids for spot
and to arrive lots shown were mainly
at range Of sS.75@4.25. 1t was at the
same time that said choice to fancy
could be sold at $4.75@5.25 Receipts
have kept up well. Output under the
head of timothy also larger. The specu-
lative market was inactive. Several
cars we're brought on the market as
contract: only one graded. The last
saleof contract seed was at s525
Country lots were quotably $3.5005.25
for poor to choice and very poor lower
Fair to good S4.20@4.75, and main run
of common at S3.40@3.9O.
CLOVER-There was little to be
said about clover seed based on open
market developments. Arrivals were
slightly smaller than last week and
shipments increased materially. and yet
the movement was larger than a year
ago. There certainly was business do
ing. even though the open market did