Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-01-13

tendency Of values abroad and accu-
mulating stocks in this country. Local
shippers claimed Milwaukee was under
selling them in the east and there con-
tinued free offerings of low-grade corn
to arrive. Argentina corn arrived freely
at Atlantic and gulf ports and likewise
exerted a "beariSh" influence on values,
Cash values here and elsewhere broke
sharply and also had a depressing ef-
feet on futures, the No. 8 for February
shipment selling 6h @6&c under the
May. January sold &c under the May,
and was also regarded as a "bearish'
feature In addition to heavy aggre-
gate volume Of selling for scattered
owners, there was a great deal OF SELL
ing by larger commission houses which
looked like the liquidation of larger &C
counts and more or less shorts sell
ing. The heaviest selling, both OF May
and July, during the early part OF the
week was by warehouse interests.
More than the usual comment was
heard about the offerings Of Argentine
corn at the seaboard. New York report
with more due the last of the week, and
April shipment Of the Argentine corn
was offered there at 63c. Danubian
corn was, offered in New York at 67kc.
February shipment, which led seaboard
exporters to believe that cash corn
would have to sell much lower to COM
pete with the Danube abroad, as Eu-
rope is being supplied from that coun-
try. A lot Of selling was also induced by
the heavy addition to the domestic Wis
ible supply and large increase In local
stocks. Before the decline was checked
I the May touched S5x 064&c and July
6S1sc which represented decline OF
7@7hc from the high point in Decem-
Der. Shorts were good buyers around
the above figures and there was new
buying for Investments under which
the May rallied to $3.50 and July sold
to 64Ac. Liverpool ruled weak and low
err all the week. Stocks there decreased
81. 900 bu to 3,672,O00 bu, and are 1861
900 bu larger than one year ago at this
date. Argentine corn offered c. |. +. Liv-
erpool at 65c March-April shipment;
SAC April May. and 63c June-July. Gal
weston reported arrival there Of 100000
bu Argentine corn on Monday. World's
shipments were 2,501 900 bu, against g.
345, 900 bu last week and 4,693,O00 bu in
1913.
Visible supply increased 4,2os,ooo bu,
against $4,000 increase same week in
1913: now totals 12126,ooO blu. or g.
247,000 blu larger than reported a year
ago. Local stocks increased last week
2.746.000 bu and are now 6,7S5,00O bu, or
4,s92,000 blu larger than reported one
year ago. Local contract stocks were
enlarged by 7O5,0Oo bu last week and
are now 100000 bu, or 1,395.0OO blu
larger than reported same date in 1912.
OATS-An easy undertone prevailed
| in the market for oats most Of the week
, and prices averaged lower. There was
free selling on all the sharp bulges,
and covering on the breaks. At the
close sales We're at net losses of u ole
| for the week. There is comparatively
little new speculation coming into the
market on either side. Country holders
are not pressing sales, but there Is
! enough moving to take care of the de-
mand and a little more. Shipping de-
i mand from the east was fair and Can
! adam oats are said to be on a parity.
Supplies in the sample market were
| ample and the range Of prices lower.
Receipts for the week were 1881 cars
against 1,492 cars last year. Export
clearances from the seaboard were 202,-
| 900 bu as against $780, 900 blu last year.
| In local stocks there was gain of
| 5000 bu. making them 11.3s0,000 blu,
against 100000 bu last year. Contract
! stocks decreased 100000 bu and were
| $4,000 bu against 100000 bu last
year. There are $4,000 blu Canadian
| oats afloat that are not counted. In the
| visible supply there was an increase of
| 145,000 blu, against a decrease of ISL
| 600 bu last year. The total supply was
| 26, 900 blu, against s,457 900 bu last
year.
BARLEY-There has been nothing in
| the way of important trading. The
most important transactions was $780,
900 blu to arrive. This sold on Wednes-
day and was for April and May deliv-
cry. What the prices were in these
transactions could not be learned.
| There was done aside from this a mod
| crate car lot business. Trading was
mainly in ordinary to good mailing
goods. Real high grades were scarces In
fact market almost bare, and the lower
mailing kind, at one time SO plenty
was only sparingly offered. Masters
while fair buyers were in no case anx--
ious. Usually they reported liberal
we'll taken UP. Demand and supply
were so proportional that about every
thing was taken. A firm feeling prevail
| ed. Prices were somewhat improved
| @2c for most mailing grades Since the
first Of the year good weight, good
color, clean, mellow barley, comparing
final value with the average Of that
time, appears to have improved s@5c
The fancy grade has undergone no es
sential change, and the lower grades
have improved about &C. Such changes
have come in a very gradual way
Mailing grades had final range as
follows: Low grade, 5305Sc, depending
on< quality and shrinkage, inside fol
very seedy and black oats mixed. Fail
to god mailing barley, depending or
I shrinkage, 58@63c, good, mellow, clean
| 61@6sc; choice, 68@73c; fancy about
75@77c, none Of the latter was offered
I'm the feed kind there was only a small
business. Offerings were small. This
at the same time ruled easy as the
usual buyers did not care much to pur.
| chase.
TIMOTHY SEED-There has been &
dull, easy market for the kind Of seet
that has appeared on sale the pas
| week. 1t has been seed of fair quality
! to poor as a rule. The little bushes.
done was over a range Of $3.50@4.50
Few of the regular buyers came on the
4 market. No one seemed really to care
to purchase ordinary and common
grades. High grades which perhap.
would have bene taken were not offer.
ed. On contract and fancy country seet
prices were not changed to any marked
/ degree. Other grades at the same tim,
were lower-25 40c. On some held lot!
tn, bids, compared with bids reserved
when the seed came In, we're at {
greater reduction than that noted. II