Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-12
The Couriers Complete Markets Of the World


United States.
Corn Nervousness characterized
this market. Price changes were con-
tinuous, and at times they We're quite
liberal. There were advances OF W "a
2Ac, with the May the strongest OF the
list. While the volume Of business was
at times. large, 1t was not equal to the
two previous weeks. The factors as
well as the features from local stand
point We're the sharp changes In the
matter of receipts and the delivery OF
goodly amounts on May contracts.
There We're cancellations Of goodly
amounts of corn. The fact that the
weather in Argentina turned from
good to bad helped in the matter Of
nervousness and rapid price changes
Cables from Buenos Ayres reported
rains as estimated at an additional 10
per cent. Argentine shippers on the
whole were unable to fill their con-
tracts and they were willing to pay
goodly prices for release from their
obligations. In the opinion of at least
one big corn specialist in the trade at
Chicago. there will likely be seen no
increase in the Argentine shipments
for time. To make matters still
worse for those who must make deliv-
cries, the western farmer will not sell
his corn with any degree OF freedom
until his seeding has been finished,
and not then unless prices are to his
taste. 1t must be remembered that the
producer of corn has enjoyed abnor-
,mally high prices for that grain dur
ing the past few months and being in
a position to hold his corn If it suits
him best to do so. there is a proba-
bility of farmers selling sparingly. Con-
tract stocks decrease S41.722 bu. this
week to total of 2,82S,046 blu. compared
with 100000 bu. for corresponding time
last year. The worlds available sup
ply Of corn, as compiled by Brad
streets, decreased 1881, 900 bu. for the
week to total of 11,s51,ooO bu com
pared with decrease of 2,339.000 blu.
and total Of 1927 900 blu. for the cor
responding time last year.
Oats-A nervous market was on with
a fair trade and \ liberal range Of
prices. There was 4 good bulge early
on covering by Shorts" and reaction
when the buyers were filed up. At the
close sales We're at net gains Of INC
on May, h@Ac on July and &c de-
cline on September for the week
May went 20 premium over July as
the deliveries of cash oats on May con-
tracts have been. we'll taken and will
be shipped out. Cancellation OF re-
ceipts were large. but not as heavy
as the previous week when they We're
over 100000 blu. standard. Shipping
demand was fair and supplies in the
sample market not large. prices We're
slightly higher part Of the week Ar
rivals for the week were 52S cars,
against 424 cars the previous week,
and 979 cars ia st year.
Local stocks continued to decrease.
the last week showing $4,000 bu. and
the total was 6,O93,00O blu. against g.
$4,000 bu. last year. In contract stocks
there was a decrease of $1,000 blu.
making them 1.762,oOO blu. against L.
$4,000 blu, last year. A decrease Of
1871 900 bu. was made in the visible
supply, compared with $4,000 bu. last
year. The total was 13,262,OOO bu
against S.7A4,O00 bu.. last year The
Canadian visible decreased 1909, 900 bn
! making it 1o,647.000 bu. against 1885,
600 bu. last year 4.
Rye-Not much business was trans
| acted in this market the past week, but
8 firm feeling existed and prices were
well maintained Receipts were light
and the offerings Of fresh arrivals were
some in store lots were purchased to
satisfy the demand. Trading entirely
local, domestic manufacturing con-
Germs taking the offerings and fresh
arrivals disposed Of readily. No export
business here, but New York reported
clearances of $4,000 bu. From Aug. /,
, 1913. to April 20, 1914, expor'e' from
United States were reported at $751;
600 blu. against 1,O64OO0 blu. for same
period in 1928. Exports from Rus
STA. Danube, America and Germany
combined from Aug. 4. 1918, to April
20, 1913, We're 45,472,0O0 blu. against
3s,320.000 blu. for same period in 1912
10. The visible supply decreased 52,-
900 blu. and is now 1,165.000 bu. com
pared with GS4O00 blu. one year ago.
Local stock-private and public-re-
! ported at 10000 blu. against $4,000
blu. last week and $1,000 bu. one year
ago. Receipts for week 7 cars.
BarIey-The week opened with a
| did not hold. however. Instead an
easier feeling later prevailed and 20
| &c decline took place. 1t affected the
better quality Of mailing mainly. Ar.
| rivals fell off so as to be considerably
| smaller than week ago. In the wake
! Of lighter arrivals came smaller de.
/! liveries on to arrive sales, also some
| decrease in offerings The mailing de-
mand became very tame, competition
! stances governing the market were
! hardly favorable. Last week matters
made fair purchases, and in some cases
| they had good deliveries made them on
contracts.
| Timothy-A very fair business was
done the past week. A number Of cars
besides small lots were taken. A
marked reduction in the number OF
| held cars on the market was made
For SO late in the season the outside
demand has been fairly good. High
grades were scarce and firm. Seed Of
fered was mainly common to good
That also was salable, in fact all
grades were taken. There was wide
range in the sales-$3. 00@$4.S0, with
some tailings down to $3.50. Bulk OF
the business was at $375@425. or
good to better grades there seemed tt
be about 100000 improvement in prices
!. though the cNsing was weaker. Crop
indications we're reported all that
could be desired.
| .Clover-Some small lots Of clover
came on the market. They were taker
over a range Of $10.00@11.O0 in prices
| from ordinary to fair quality. small
ilot Of ordinary Alsike sold at $13.25
Season for clover lis about over and
! yet few small orders We're received
/ Good shipments are shown. Stocks are
said to be nearly exhausted, and deal
ers were willing to do some buying
that is, take the small lots offered
No changes We're made In the quota
\ ~ M ~