Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-20
LEADING SPECULATIVE MARKETS
ACTIVE AT TIMES BUT VOLUME
is SMALLER.
FOREIGN CROP GOOD
Values All Over World Governed to
Great Extent by Movement
and Reported Supplies
in Sight.

ana reported SuPploS
in Sight.
! Business in commercial circles on the
Chicago Board of Trade was just fair
during the week just closed. While the
leading speculative markets were quite
active at times, the volume of business
was smaller than that of the week pre-
vious. Considerable interest centered IN
the market for coarse grains, but the
trade in wheat was of very moderate
proportions Values are still governed
to a great extent by the movement and
, reported supplies in sight the world
| over, the weather and crop news at
home and abroad also being dominant
factors in shaping the trend of the GER
| cal list. The receipts of produce were
fair and the lower temperature early in
| the week should insure freer market
ings in the near future Shipments OF
grain We're moderate. Domestic demand
for feeding stutfs little If any improved,
J but rather little demand for wheat on
: milling and export account
Foreign crop advices this week were.
a.. in the main, very favorable. Reports
| from the United Kingdom were general
; ly satisfa ctory and weather of late sea-
i sonable. The outlook for the new crop
in France is favorable. except where
| damage was sustained in vermin. Offer
! ings of native wheat are on a liberal
scale, but much of the quality is defec-
tive, necessitating renewed purchases
Of foreign. Weather at the present
time is seasonabe. Prospects in Ger
many for the crop is normal, with the
weather very cold and general snow
protection. Offerings Of native wheat
are comparatively moderate. in the
! United Provinces of India in the irrl-
gated area the crop is doing well. but
holders are firm and stocks moderate.
| The weather generally continues dry.
The crop position in Russia continues
generally favorable. Arrivals at the
ports continue very small owing to the
| Christmas holidays, which are now be-
ing celebrated Weather is more sea-
sonable with plenty of snow. In Rou-
mania and Bulgaria some complaints
are heard of irregular growth. Wheat
supplies are reported large, weather
cold and part of the grain area unpro-
tected. Moderate SHOWS and cold wealth
| err reported in Hungary Crop prospects
in Italy are generally favorable, but
quality of native wheat rather poor and
buying Of foreign sorts has been resum-
ed. Beneficial rains fell in North Africa.
Wheat yields in Australia not as large
as anticipated. and eXportable surplus
now placed at 50,0O0,0OO. Corn in Ar
gentina is doing well, but wheat yield
/ uneven and surplus now placed around
| rs 900 900 bu.
| Weather conditions in this country
| during the past week were more WIN
! try, temperatures at the outset falling
! to the lowest point of the season over
a good portion Of the grain belt, but
moderated later in the week. The alb
sence of any snow protection of "onse-
| quence caused growers some little I'M
| easiness in certain portions Of the win
ter wheat territory, but the crop as a
| whole is not supposed to have suffered
! t, any extent as the weather was not
severe enough. Reports from tn west
| and southwest show prospects most
favorable, and advices from the central
| west as well as the eastern districts
also highly satisfactory. Wheot outlook
on the Pacific coast is also promising
and in the Pacific northwest the best
il many years. The colder weather
was most favorable for conditioning
corn and Smelling operations were re-
sumGd over wide orea. Feeding de-
mands were enlarged owing to the more
wintry conditions and live stock gener
ally reported in good shape.
| The movement of grain from the
| farms and interior elevators was again
moderate during the week just past.
Narketings in the northwest. both sides
the international line, showed consd
| cradle shrinkage, and arrivals at the
| leading terminals were much smaller
| than during the corresponding period
on year ago. In the southwest wheat
deliveries also fell off though corn came
forward quite freely. with further i'm
| portatiOns from Argentina via Gulf and
| Atlantic ports. In the middle west and
| west the movement of grain was only
fair. Locally the receipts were moder-
ate, considerable wheat coming in from
| X1- sl,t
moderate and arrivals at the seaboard
| fair.
| WINTER WHEAT-The market for
! cash, both winter and spring. the past
week was relatively not as strong as the
market for futures. and as prices for
| the latter advanced. the premiums on
red were reduced and the discounts on
! hard wheat were wider Trading was of
i a moderate character. with more doing
! for export. Some round lots of No. 9
| hard were sold. and it was claimed
! that all Of the purchases were not
| made public The export business had
some influence on the market more
| particularly the speculative market.
| MiIlers have taken little wheat, but
some secured their requirements near
! err home from first hands. The receipts
| were moderate and mostly of the hard
variety and generally Of good quality.
Larger receipts would have admitted of
| a larger trading, with the demand fair
and all offering taken readily. That Of
! the receipts not taken by millers met
with sale to spectators. There was no
| competition among buyers for the Of
ferings and hence no price changes, ex-
cepting those on basis with the May
delivery. on which cash transactions
were based the past week. Stocks in
public elevators did not change any to
| speak of, with a slight decrease in hard
! wheat. Receipts for the week were o11
cars. as compared with 316 cars the
preceding week. There were taken out
| of public elevators 293,179 blu, and out
of private warehouses 264 cars and no
| bushels.
SPRING WHEAT-RuIed a little
easier at the start and frmer later in
| the week a moderate business was
| transacted. There was not much outside
! trading-only few orders being re-
ceved, but in local way the demand
was fair for all grades, especially choice
and the limited receipts prevented more
! ,,aine- 1nna a II offarinqG met with ready