Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-09-22
GRAIN REVIEW OF
THE PAST WEEK

l
generally regarded as more seasonhble
and favorable for agricultural pursuits.
! In most portions of the corn belt tenn
perature ranged higher than last week.
and beneficial rains fell in many of the
important producing sections. While
the rains came too late to be of much
help to corn, pastures were helped
and conditions were more favorable
for plowing and work in the fields.
Rains in the northwest the closing
| days OF last week were reported as
doing considerable damage to wheat
in shock and threshing operations
were delayed Better weather prevail
ed later, but quality OF the grain said 70
be impaired. The bulk OF the corn
crop Is now apparently safe from frost
and cutting has become quite general.
In the winter wheat sections the soil
continues in good condition in nearly
all portions, and blowing and seeding
are progressing satisfactorily, with as
surance OF sufficient moisture for
! termination, and some early sown
wheat is already up.
The movement Of grain from the
i farms and interior elevators during the
past week was of enormous proper
tons. Receipts at the leading terminals
in the northwest were unusually large,
and still includes considerable winter
, wheat, while marketing in the west
and southwest continues quite free.
In the Canadian northwest deliveries
were heavy and receipts of grain at
the leading terminals immense. Re-
ceipts of coarse grains were fairly
1ov = 49, y os hn
arrivals were fairly liberal, though re-
ceipts of corn decreased. Shipments
of grain eastward were liberal Oats
going forward freely, large percent
age OF the same being destined for
European markets.
The leading speculative markets on
change were greatly unsettled and
prices very irregular during the week
just closed Fluctuations in values
were sharp and volume of trading In
all the leading articles considerably
improved. Outside interest In the ce.
real list was more pronounced and
trading on local account broadened
preceptibly. Fluctuations in wheat
were sensational, and one time were
21%c lower than two weeks ago
Prices were depressed at the start and
sharp declines submitted to owing to
general liquidation by holders and lack
of speculative support. The better
prospect of comparative early set
Element OF the European war, enor-
nous receipts OF American and Can
adam wheat and lack of material ex-
port call all counted heavily against
the market, and weak longs" unload
1 x II tai q a - tho YS1Q
ket reacted. Buying on resting orders
and general covering by Shorts" at
the decline brought about substantial
rally In all deliveries. Rains and ad-
verse crop news from Argentine helped
bring about the upturn, also the i'm
proved export demand from abroad,
and the late tone was steady. Corn,
too, was unsettled Offerings were lib.
eral during the early trading and mark
ct was under considerable pressure,
more especially the case with May. De-
mand was moderate, though on the
break there was good buying by coun-
try houses and general covering by
Shorts" which resulted In sharp re-
coycries all around. Cash situation
was healthier and receipts fell of con-
sidcrably. Oats were excited and price
changes most sensational. The early
break was due to heavy selling by
longs and pressure from the bears, =
owing to the decline in wheat and re-
ports that part OF the German army
had surrendered. Buying on the de.
cline was on the belief that there has
been break enough and on claims Of
large export sales. The late tone was
firm.
An excellent trade was reported In
cash grain during the week just past.
Consignthents continue liberal, while
purchases to arrive were fair of wheat
and moderate OF coarse grains. None
tary and shipping conditions are stead
lily improving and helped the trade
considerably. Demand good for all
descriptions. Wheat was in good re-
quest on milling and shipping account,
and export. sales were fairly large.
Prices changed sharply with those Of
futures. Corn fair sale at irregular
prices. Offerings smaller Oats sold
readily
Notwithstanding in prices for
winter wheat were again quite severe
the past week There was decline
Of 6@Sc early In the week, then rally
of some 3@4111, followed by slight re-
action later. The changes in cash
prices were only reflection Of the
fluctuations which took place in the
speculative markets, cash prices being
based almost altogether on the De-
cember delivery. A good demand has
existed, with sales both to millers and
exporters. Rather more business on
foreign account than there was during
the preceding week. Unusual quaint
ties OF wheat going to mills. many OF
which are running night and day. The
receipts are holding up well, and there
is more wheat being Used up in the in.
terror. The receipts for the week
were 1887 cars.
There was d decline of about Sc early
in the week and then rally Of &c. fol.
lowed by an easier feeling. The re-
ceitts show slight increase-high
prices being an encouragement for in
terror shippers to get their wheat to
market. However, the receipts were
not general, consisting of scattered
cars Of the different grades, and this
,no5e ~ difficult to stah1jsh nricoo