Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-03-31
GRAIN REVIEW OF
THE PAST WEEK

ILL fA0x w ALIN
Weather conditions in this country
during the week just closed were gem
orally regarded as favorable. Tempera-
lures over the principal producing sec
tons were seasonable with general
SHOWS the first of the week through
the southern and southeastern por-
tons Of the country. Fall sown grain
is supposed to be in very good condi-
ton. though scattered complaints were
forwarded from the west and south
west of the ground being dry and rain
needed. Rains were quite general the
hast Of the week. Reports from the
Pacific Northwest and California were
highly favorable. Oats seeding made
good progress and reports from Texas
were more favorable. Spring work Is
well advanced south and southwest.
Corn area expected to be large. Re-
ports on soil condition in the north
west We're favorable, also in the Can
adian northwest.
The movement of grain from the
farms and country elevators during
the week just closed was again quite
liberal in the aggregate. Receipts. at
the leading terminals in the northwest
continue to make an excellent showing
Marketings in the west and southwest
both of small and coarse grains, were
also rather good, and receipts at term
| inals in the central west quite free,
| duo in part to the enhanced values
prevalent. Farm activities, however, in
the near future are calculated to cut
down deliveries. Shipments of grain
eastward were moderately liberal, and
arrivals at the seaboard continue fair.
Exports of breadstuffs were very fair,
but new bookings smaller than earlier
in the month Corn clearances contin-
ue limited. According to official Wis
! iblc supply, as compiled by the secre'
| tary of the Chicago board OF trade,
| there was decrease in wheat, corn,
oats and rye and an increase In bar
! ley.
| A fair amount Of interest was mani
tested in the leading speculative mar
kets on change during the week just
closed Coarse grains were more &C.
tive and the interest in provisions was
rather more marked in fact, the trade
in hog products was of more liberal
proportions. Wheat was fairly active
and closed a little higher than last
| week for the more deferred deliveries.
July and September. At the outset
the market ruled rather dull but easy.
The market finally took on little &C.
tivity and strength in reflection Of the
excitement that was prevailing In corn.
Early selling was little bit overdone
and shorts" were anxious to cover
later. The decrease In the visible sup
ply was about the same as that OF a
year ago. There was little in the crop
situation to encourage either buying
or selling as the reports received were
of the same character as those coming
forward for week or more. 1t is
quite generally believed, however. that
the favorable crop reports thus far at
hand have been fairly we'll discounted.
The oldest wheat trader cannot recall
the year in his business life where
crop prospects were as promising for
a bumper yield as now indicated. The
northwestern deliveries by farmers
and country elevators show that hold
ers up there are willing to sell their
surplus around the present price lev.
els The corn market was active and
| excited most of the week. AS hereto.
fore, the strength early in the week
originated in the southwest Feeders
in that section were again in the mar.
ket despite the higher prices. Mean.
while sales by farmers showed no in.
crease in either Iowa or Illinois as the
result of last weeks gains. The weak
ness later was due partly to the de.
cline at Liverpool, where prices were
affected by the good weather for gath,
ering corn in Argentina. Oats were
not as active relatively as corn, but
were decidedly more active than wheat
May delivery was liquidated at the out.
set in rather persistent way by
"longs' who IN the meanwhile, took
more or less July. The latter future
! w:dened out its premium considerably
The trade in cash grain the East
| week was reported of moderate vol.
hume Consignments continue rather
| light. due to some extent to farm &C.
| tivities, and purchases to arrive more
moderate. Demand for wheat was mod.
crate and sales not up to the recent
average Offerings fair. Prices steady
early and easier later In the week
! Corn in very fair demand and offerings
were more moderate Prices we're
higher following futures. Oats were
a little unsettled. Demand was fair
and supplies moderate Rye ruled
quiet and prices somewhat frmer.
Barley was in fair request--that Is,
mailing grades, and the offerings only
moderate. Seeds were rather quiet and
steadier in tone Choice hay was
ouatably firm. Offerings only fair and
demand rather good. Low grades
steady. Supply liberal and demand
moderate.
! WHEAT-Tn winter wheat the mar
ket was fairly steady during the past
week. within q narrow range Of prices
Fluctuations were slight and no i'm
portant change developed. Business
was light on domestic account. millers
wanting but little. and there were no
export purct.aayA Trading was in q
quiet. slow way The wheat taken by
domestic millers comprised the various
grades. There was nothing to specially
| influence the market, which followed
| the fluctuations Of the speculative
market, at the premiums or discounts
established for the various grades. The
receipts for the week were small and
show a falling off as compared with