Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-22
The Courier's Markets of the World


! panied with violent fluctuations was
WITNESSED In the regular wheat mar.
ket. Price changes were sensational
fiuc tuations of Acc, being common
each session, the trade being of good
volume, with the tone at the finish
: firm, resting spots losses of 2Ac for
Sept. while December closed az lower
and the May OF 3Ac. Situation at the
outsot WAS heavy and offerings large,
while support was lacking, numerous
stop.loss limits being uncovered on
Monday, the execution of which added
to the. general depression. The better
prospect of comparatively early set.
Element OF the European war, enor-
nous receipts Of American and Can
adian wheat and lack OF material ex.
port call all counted heavily against
the market and weak longs" unload
ed on an increasing scale as the mar
ket reacted. Buying on resting orders
and general covering by Shorts" at
the decline, brought about q moder-
ate rally in all deliveries, but the
strength proved to be only temporary.
Country offerings here and in south
west we're reported as increasing and
reports from Liverpool also indicated
an abundance of wheat and flour sup
plies in the United Kingdom, and
Liverpool ruled decidedly weak.
CORN-Good general trade and &C.
tive unsettled market all the week, the
tone at the last being steady, with final
figures showing the September up 1 sc
while December lost 1@1Mc and May
&c. Offerings at the outset were quite
/, liberal. largely in the way Of liquidat
! ing sales, while the demand was only
moderate and the whole list sold of
sharply, the decline not being checked
until the December touched 70Ac and
| May 72hc. The wheat break, lower
| cables. peace talk and improved feed
| ing situation In the west and southwest
| due to rains were among the chief
governing influences. Good buying de-
veloped on the break and as the week
| advanced the situation became strong
| err. Part Of the demand came from
warehouse and influential interests
and shorts covered freely on the ad
vance. The strength in other grains and
Iowa report showing the yield $4,000 bu
| less than the recent government esti-
mate were bull helps. Heavy rains In
| the southwest were reported as doing
considerable damage and considerable
corn was reported down In Iowa on &C
count of the excessive rainfall The
active deliveries advanced 1M@2hc
when renewed selling set In which car
| ried prices back considerably. Offerings
We're quite heavy, the war runors and
| wheat decline being quite unsettling
but around 70hc for the December and
72hc for the May the demand revived
and situation again became stronger
The light current receipts. small coun-
| try acceptances, improved tone to east
Z, ern markets, with rumors Of impending
EXPORT sales, all combined to create the
stronger feeling. Part Of the strength
In September was due in part to re-
ports that charters were being made to
ship out a good share OF the contract
corn now In store. The bulge in wheat
also helped the upturn, Private crop es-
Inmates showing yields considerably
| larger than the recent government re-
port led to considerable liquidation b,
| holders, and later 5on the whole lis,
reacted. Good buying on weak spots
partly credited to bull" leaders
brought about fair recovery. and the
situation at the last was quite firm. A
| ed with the governments September
estimate, was shown in the weekly
| Iowa weather and crop report, which
estimates the crop at $40, 10000 bu
! based on present conditions, and an
acreage Of 9,324,00o. Last year govern
ment final returns were $4,000, 900 blu
| and the state S29,O00,000. Foreign mar
kets were weak this week, due to pres
sure OF Plate offerings and renewal OF
Liverpool markets rallied on heavy
rains in Argentina and upturn al
Buerios Aires.
| OATS---Heavy trading with liquida-
ton in full force following an over
bought market. was the feature in the
oat trade the past week. Prices declin-
ed sharply In the week, showing drop
on Monday Of 4Nc on May from the
| close Of Saturday, and on Tuesday
high point there has been decline OF
81ec to 10c. At the close Of the week
net losses were M@1%c. The buying
power was not as urgent as Of late and
with the weakness in wheat and corn
oats values suffered despite the reports
OF large export sales here and at the
seaboard. 1t Is said at the seaboard that
over 15,000,900 bu oats have been sold
| for export so far this season. At pres
ent prices 1t Is expected that farmers
will be more careful OF their crop and
save as many as possible. They are
not selling freely in the country, except
where close SOC Is paid, but enough are
being bought to make an average
! movement to primary markets. Arriv-
/! ais here for the week were 1,729 cars
against 1918 cars last year.
RYE-This market ruled easier the
! past week and prices declined &c below
| the low point last, week. The offerings
were larger, and this. together with the
decline in other grains was the reason
| for the lower prices The demand was
good and the offerings were taken UP
daily at the established prices. The
buying was mainly to- supply domestic
manufacturing concerns with some
buying on speculative account No ex
port business reported here, but some
inquiries were made and New York re-
ported clearances OF $4,000 blu. The
receipts show some increase over last
| week and the quality was good.
BARLEY--A weak market was ex-
| peTlenced. Prices turned downward Sc
that for ordinary and common grades
! there was 4@5c decline. Better grades
being scarce were in the main nominal
and quoted only couple OF cents low
err There was a period OF depression In
| the leading grain markets which had a
marked Influence. The advices concern
| ing the barley market elsewhere were
unfavorable: The entire situation for q
time was wobbly, and all classes OF
4, Ia zee