Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-16
GRAIN REVIEW OF
THE PAST WEEK

and Canada during the past week were,
on the whole, more favorable. Bene1l-
cial rains occurred in many portions
where moisture was much needed ana
dry weather prevailed In Texas ana
Oklahoma where, on account or too
much rain, opportunity for planting
and cultivating had been greatly lack
ing In the principal winter wheat
states the weather continued FAVOR
able growth and development con-
tinued satisfactory, and damage from
fly appears not to have increased. Gov
eminent report indicated crop OF
Gas. 900 900 bushels. In the spring
wheat region the weather was excep-
tionally favorable and all vegetation
made rapid growth. In some sections
the rainfall was excessive. Wheat
yield estimated at 262,000,000 bushels.
In the principal corn growing regions
rains over the more western and north-
ern portions were favorable, although
too much rain in the northern part OF
the belt interfered with cultivation.
Drouth still continues in southern Iowa
and over much Of Missouri and por-
lions OF adjoining states, and more
rain would be beneficial over large
portions of the eastern section of the
belt. Oats crop estimated at 1,216,OOO,-
600 bushels, and rye condition 936 per
cent.
farms and interior elevators during the
week just closed was only of moderate
proportions. Receipts at the leading
terminals in the northwest were some
what smaller, while marketing in the
west and southwest was somewhat en-
larged, more particularly in sections
| where field work is completed. Con-
siderable corn moved through the CEN
trail west and locally receipts were fair
in the aggregate. Shipments of grain
eastward were very liberal, and ar
| rivals at the seaboard continue heavy.
Exports of breadstuffs We're quite
large, and bookings moderate OF new.
Corn clearances continue limited. Ac-
cording to official visible supply as
cago Board of Trade, there was a
further decrease in wheat, oats, rye
and barley, and an increase in corn.
| !. Harvesting general this week In
Oklahoma and expected to extend to
North Missouri this week Soft win
ter sections are anticipating that the
harvest will be general over winter
| wheat country in the next two or
| three weeM The trade apparently as
sumed that the crop Is practically
made, while the government figures
| showed that trade reports have been
correct. Corn was active and decidedly
| higher early, last weeks sellers COM
peting with new investors for the
scanty offerings. Latter were from the
comparatively few bulls" that car
| ried corn over from last week. shorts
| were nervous and made more so by
the report that some Of the cargoes OF
Argentine arriving were heating. Re-.
alizing sales by many Of the longs,
| together with the fact that Iowa Of
fered corn more freely to arrive and
that Chicago is the most attractive
point for shippers, caused a sharp de-
cline from the top figures. The oats
market was strong most OF the week,
influenced by the strength in corn and
by continued dry weather. The trade
paid little or no attention to the gov
eminent crop report. as many private
reports told Of the crop not doing well
| in few sections where there is too
much drouth.
Quits good business was reported
| in cash grain the past week. Consign-
ments were quite liberal and purchases
| to arrive Of considerable size Demand
| good for most descriptions. Wheat
was In moderate request on milling and
| shipping account, with scattered ex-
port sales Prices lower, following
| futures. Corn sold we'll and ranged
| higher. Oats continue to meet With
ready sale. with offerings cleaning UP
| closely. Rye was quiet and steady.
| Barley trade was good and market
steady. Seeds attracted moderate in
terest and ranged higher on most
| descriptions. Haw was in fair demand
and market firm. Receipts were
larger.
WHEAT - In winter wheat lower
range Of prices was established, with
| the most marked decline occurring after
the government crop report was made
public. There was decline of 4@4Rc
from the top figures current at the
opening Of the week. There has been
d good milling demand, but buyers in
view Of the very liberal crop to come
forward were not buying beyond their
| natural needs, taking only such quan-
titles as required to meet their wants,
but there have been some liberal sales
Of wheat of the new crop for export,
the lower prices coming within the
limits Of buying orders. The few cars
Of fresh arrivals met with fair sale,
but there was less competition and
they lost 1c OF the premium over the
July delivery that was paid early in
the week. The receipts were light and
most Of these went into store direct
| on purchases to arrive and did not
come on the open market for sale.
Only occasional cars were on sale. Ad
vices too are to the effect that the old
|
tributary to Chicago market.
! In spring wheat the market was
slightly easier Az prices declined
about nc since the first Of last week
A fair demand existed on milling &C.
count, and choice wheat was taken up
readily and prices held UP relatively
better than winter wheat or futures in
the speculative market However
prices were little better than nominal
Receipts were very light and there
would have been more doing but for
the scarcity Of supply. Stock in pub
lie elevators also very small, and OF
choice wheat show material reduction
OF the under grades there has beer
some increase, there coming some ar
rivals by lake from the north Re-
ceipts for week aggregated sixty-four
cars by rail and 1869 bushels OF
spring wheat received by lake, COM
pared with sixty-tw two cars and 1850
bushels mixed spring wheat received
by lake the preceding week
Regular wheat closings for the week
were at declines Of 2%M2Ac. With
| the promise Of wheat crop Of 900,
100000 bushels, and with the new win
ter description already moving in the
southwest, the weakness displayed UNI
der this combined pressure is not to
be wondered at. Advices received from