Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-07-21
The Courier's Complete Markets of the World

sentiment Of late would at least give
way to a healthier feeling.
There will be an enormous distribu-
ton Of wheat during the next few
months, as word comes from the south,
west that 1t will take railroads at least
a year to make an impression on the
enormous crops raised in that section
of the country. When the big crop Of
Kansas is considered, 1t will take
heavy buying power to absorb 1t. 1t is
said, however, that large quantities Of
that wheat was sold for fall and win
ter shipment and that farmers are now
stacking 1t and will allow 1t to pass
through the sweat, and that they in
tend to thresh and ship 1t at their leis-
ure. Producers Of this grain have been
able to see that If large quantities were
offered to the railroads at one time they
| would simply create congestion at
terminals that would take some time to
, clean up.
| CORN--Irregularity and sharp price
changes were the features of this mar
ket the past week. AS in wheat, corn
| became oversold, and when shorts" at
tempted to cover their outstanding
contracts the corn was not to be had in
the pit, and buyers were forced to pay
higher prices>for it. Prices were un-
|
er for the week. The Argentina corn is
receiving no great amount Of attention.
and at the present time 1t Is not a
great price factor either in the markets
Of the United States or those of the old
world. The corn coming out of the in
terror of Argentina and arriving at
Buenos Aires Is soft and unmerchant-
| able. and 1t will have to pass through
dryers in order to be in shape for feed
Ing purposes. A great deal Of the corn
In that country Is said to be spoiled and
that 1t will be used only for distilliza-
ton. There has been big trade In corn
at Chicago, and the countryman has
taken hand in the making of prices
Generally speaking, the prospects for a
good crop are said to be at least fairly
favorable. The government report
which was issued early in the month,
was changed somewhat. and this caus-
ed some buying in the market. The
east has bought some corn. Primary
receipts of this grain as well as re-
ceipts at all markets. have continued
on small scale, although farmers have
sold fairly we'll when crop conditions
are taken into consideration. The aver
age producer Of corn generally holds on
TO his surplus until the coming crop Is
assured. when he will dispose Of his
holdings no matter what the price may
BE- This year the producer has been
!
curb, and he has sold his corn quietly
and only on the hard spots to develop
in the market.
h.rbefo owa1s a %%@%AA
OATs-Good trading with a fair
range OF prices was on in the market
during the past week. A feature was
the unsettled feeling in July which
broke &c at one time on selling by local
traders. On the decline the largest
| shorts %Lo ~
prices were sc lower than the pre-
vious week. Other futures were only
moderately affected by the weakness in
July, and at the finish were Ac off
crop news was mixed. Cutting Of the
crop now extends over a larger part of
the leading area, and Is advancing rap
| idly to as far north as the southern
part Of Illinois. Yields are irregular and
the impression among the trade is that
taking the oat belt as whole there is
prospect of less than shown by the
government report. The new oats are
beginning to move earlier than the av-
erage as weather conditions have been
nne for harvesting. Shipping demand
was fair and offerings in the sample
market not large.
RYE-The market was quiet all week
put closed up very firm and about &c
higher. The receipts have been light
and the demand was good. What little
rye was offered met with ready sale,
and there were also purchases to ar
rive A few cars of new rye were re-
celved, but no general movement of the
new crop expected until next month.
The few cars Of rye received were taken
for domestic manufacturing purposes.
| BARLEY-The main part of the
trading the past week was in the way
| of sales to feed dealers and mixers. The
! peter cars which they got We're really
1 n 4 Il
! masters have not cared to purchase.
There really was no materially differ
| ence In prices, the best taken for feed
and the cheaper mailing grade. Very
little demand has existed from NAL
sters. They were positively Indifferent
about buying any barley. Some of the
houses are closed down and others are
preparing to do so as soon as the little
old barley on hand is worked up. There
was not enough old barley coming to
keep the plants agoing. There are
| plentiful stocks Of mailing and it is go
ing out slowly. Operators were willing
| to wait and take their changes on the
new crop, the promise Of which was
favorable, even if the reports were not
unanimous along that line.
TIMOTHY-A firm feeling prevailed
in this market A strong tone was APP
parent--in spot or to arrive and in fu-
lures Cash sales were over range Of
$4.60@5. Sellers reported having Sc
cured better prices, 200D40c advance
being quoted. There were orders on
the market. Different parties had them
so there was little competition. There
were daily bids for and offers to sell
new crop deliveries. Usually buyers and
sellers were too far apart for trading,
yet some sales were made.
CLOVER-This seed has remained
inactive. 1t also was nominal. All that
was heard about it was at times offer
Iings Of October at $14.75 and Of De-
cember at $14S5. There was no bid
Some clover was reported received;
some also taken out. Movement appear
ed as larger than year ago. None
whatever came on the market. About
the crop all at present Is guesswork
HAY-Receipts for the week were
3,542 tons, against 1880 tons for the
previous week. Shipments for the week
were 446 TONS against 470 tons the pre-
vious week. A very firm market for
both timothy and prairie hay was ex-
perienced during the past week. The
receipts were light and good local
demand existed. There was also some
{pf frNy rIt