Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-10-27

cember, while May gained $@3Nc
Former delivery rested at zoe and lat
ter at 72A@72Ac. At the outset the
situation was somewhat mixed, the
December ruling easy on the more fav =
orable weather conditions, while the
May was relatively firm. Argentina
markets were reported strong and
higher. and there were claims Of scat
tered export sales which encoura ged
interests with bull" views. Speculative
offerings at the outset were light, while
there was fair miscellaneous demand,
under which the December sold up to
$3.50, while the May rallied to TING.
Around these figures there was con-
siderable realizing by longs" as well
as selling for short" account, and the
market worked lower. The sharp de-
cline IN wheat was one Of the principal
weakening factors, and before the
break was checked the December sold
off to 67hc and the May !. to 70Ac.
Shorts" accepted profits around these
figures, and in addition there was good
buying for investment, while there was
a marked shrinkage in the speculative
offerings. Advent of rough weather,
covering western part Of the belt,
coupled with reports Of disappointing
husking returns, helped to bring about
the change in sentiment. as also did
the sharp advance in wheat and oats
Buying by cash and warehouse inter-
ests was feature, and on the upturn
which followed the December touched
70hc, while the May sold to 72Ac.
While there was a little increase in
farmers sales this week. current re-
ceipts are expected to continue light
and proved one of the bull helps. Dis
appointing husking returns likewise
impaired strength to situation. st.
Louis reported adverse returns coming
in, mostly from southwest Missouri.
Kansas City claimed that wet weather
were causing Shorts" there consider
able uneasiness. Soft, wet weather in
Argentina was calculated to retard the
shipments from there, still New York
claimed Argentina corn has been in
better demand recently. with sales c.
i. f. New York around 64c. Some sales
have been as low as SIC, and 64@65c is
named as the current market While
some of the recent arrivals have been
tinued to show the effect Of the bad
weather.
OATS-Increased activity and higher
prices were the features in this market
There was no great selling pressure
and advances early in the week were
easily attained. Buying was more gen.
eral, especially by export houses who
TOOK december winch they eXchanged
for the cash property. Export business
was heavy and prices paid we're better
France and Italy were large buyers and
in fact all countries that are in a posi-
ton to have oats shipped them. were in
the market for supplies regardless of
prices. At the close sales were at net
gains for the week of 1 sc. 1t Is the be-
lief in the trade that the big movement
for the season is over, and that all the
offerings that come in from now on will
be wanted. At the same time there was
an increase of 2,133,oo0 in the visible
supply last week, against decrease of
6,000 bu last year. The total is now
81, 1853, 900 blu, compared with 31755,0O0
bu last year. Local stocks increased
96S, 900 blu last week and was 11,893, DOC
bu, against 1925, 900 blu last year Cons
tract stocks increased 100000 bu, and
are 4,126,O00 bu, against 6,256,000 bu
last year. Country offerings were
slightly enlarged on the advance, as
sales were made closer to December.
Domestic demand was good and the
supplies in the sample market liberal,
but all taken at higher levels. Winni.
peg prices have advanced sharply of
late and receipts there are running
light The crop in Canada was small
and it is not expected that they will be
a, competitor this side Of the interna :
tional line. -r.Hsy9 ~
RYE-Sold off about 1c early In the
week and then advanced ! lac. The re.