Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-11-10

of the week, and prices were advanced
2@2kc Trading was active, but the
discounts We're widened out somewhat,
due to the difficulty in getting wheat
into the public elevators on account of
the grain blockade. The in-store lots
of both No. red and No. hard ruled
about 2@2kc under December prices,
while the CAR lots of fresh receipts
ranged ~ Q2c under December prices.
Trading was active in all channels
millers bought fairly. exporters quite
actively and the seculative element
freely. Millers did not purchase
heavily, as they were able to buy near
err home in many instances, while ex-
porters took liberal quantities almost
daily-mostly of No. hard. The ex-
port purchases were not alone large
in the Chicago market, but the gulf
/; ports and all the leading markets have
been favored with an unusually active
business. The interior sold rather
freely, and further slight accumulations
in store have taken place, and the
quantity of all kinds in both public and
private elevators were 5,41S,000 bh,
against 5,O96,0O0 bu for the CORES
ponding time last week. Receipts for
| week 1874 cars, against 1,4S6 cars re-
ceived during preceding week Taken
| out of public elevators 1000 blu and
out Of private warehouses Al cars and
No. 2 hard in public elevators was re-
ported at $4,000 bu against $4,000 bl
the preceding week a year ago, and or
No. l and No. 2 red $4,000 blu, against
$4,000 blu preceding week and 100000
bu year ago. Detailed stocks in pri-
! vate house not obtainable. No. 2 red
in store ruled about 2@2kc under De-
local billing ruled IN @2c under Del
Nh IA
No. 8 red sold at $1.12h@ Oils. No. 4
red at $1.1O@1.13A. Sample grade at
$1.06@1.12. No. 2 hard in store ruled
about IN @2Rc under December. Track
lots of fresh receipts local billing
ranged at n @2c under December. with
sales at $1.13h @1.16A, and Turkey
variety nominally higher No hard
at $1,000 1.13k and sample grade at
$1.06@115.
SPRING WHEAT-A firm feeling
existed and prices were advanced about
&c the early part Of week and then re-
ceived slightly from top figures The
| market followed the changes in Decem-
Der delivery on which cash transac-
| tons were based to some extent Quo
tations, however, were for the most
part nominal, especially for choice
northern. The receipts were moderate
and consisted mostly of the under
!, grade and mixed lots-very few cars
of choice high grade wheat were re-
| ceived. Buyers have not been par
ticularly anxious to purchase, but most
| of the receipts-especially of good
wheat-found buyers at the daily
established prices, but poor wheat was
dull. Receivers were not able in all
cases to keep consignments cleaned up
daily, Millers have taken very little
,1,In D,A ov11 =
tors seemed Indifferent Receipts for
| the week were SO cars, and by lake or
canal 54.316 bu of mixed. compared
with SO cars, and by lake and canal
S7,494 bu of mixed wheat the previous
week. Withdrawals from public ele-
vators none blu, and from private ware
houses 67 cars and no bushels. Stock
| of No. l hard, No. ] velvet chaff and
No northern in public elevators was
reported at nothing, against none the
previous week, and $4,000 blu year
ago. OF all other grades there were
127, 900 bu, against $4,000 bu the previ-
! Gus week and 1000 bu last year. No
I northern in store was nominal. Track
lots fresh receipts local billing was
quotable at $1.15h @L1sA. No. 2
northern was nominally $1.14@1.16k
No. 3 northern was quoted at s107@
LA, with an occasional car selling
ranged at 97c@$1.Os. and two cars very
| choice local sold at $1.1o@1.11k
| Sample grade ranged at S5c@1.02. No
2 spring was quotably $1.0S@1.15, with
an occasional sale within this range
| No. 3 spring was quoted with an oc-
casional sale at $1.02@1.14. No.
spring ranged at 94c@$1.O6. Sample
grade about s5c@$1. Velvet chat
ranged nominally at s7c@s117,, de
| pppdino m, oI1alitv No 1 was a hOIlt
s1.14k @L17. No 2 about s1.11@1.15
No. 8 about $1.os@1.11. No. 4 about
s2c@$1.12. No. / was about $1,000
1.12. No. about s1.07@1.09 No.
! about $1.O2@1.O7. No. about 92cM
| LOS.
CORN-EIigher on the week. the
close showing the December up IA q
|1Ac, while May gained INC. Deem
! Der finished 70A @70%c and May 73hc
! sellers. The week opened up with senti
ment rather "bearish," chiefly because
Of the fine weather conditions and the
| prospect of somewhat freer receipts OF
new corn. Local traders favored the
selling side, and support being lacking
the December sold off to 6Skc while
May touched THO. Around these
| figures there was an improved demand
and the market developed quite d
| strong undertone. The wheat bulge
sharp call for cash corn for export
and advancing tendency of values
abroad led to a great deal of invest
ment buying, and Shorts" came in or
the advance which followed. Export
! sales were Of considerable size and il
| developed were only limited by the
amount available for shipment. The
prospect Of rapid cutting down OF
| stocks of old led to a great deal of I'M
easiness on the part Of Shorts in De-
cember, which delivery ruled relatively
stronger than the May. The scarcity
of old led to foreigners bidding for new
| corn and the improved merchandising
conditions led many operators to shift
| about to the long side. On the
| bulge following the early dip the De-
cember sold to 70%c, while the May
rallied to TN @72Bc. At the higher
levels reached there was some little in
crease in sales by the country and the
| weather continuing fine for condition
| ing the crop, holders were disposed to
| accept profits and these realizing sales
led to moderate recession as the week
! advanced. December reacted to 69A c
and the May re. Foreign markets de-
veloped an easier tone. due to the adj
vent of colder and better shipping
| weather in Argentine. and the dip in
vvIoo ho