Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-02
GRAIN REVIEW OF
THE PAST WEEK

whole quiet satisfactory Winter
wheat and oats were reported as need
ing rain In the central west and crop
views from this sections was less fav-
orable. Further damage by Hessian
fly was reported in central and south
western portions of Illinois and of less
extent in portions OF adjoining states
more particularly in Missouri. Spring
wheat seeding practically completed
and early sown wheat has made good
growth, but more rain Is needed In
small areas. The bulk of the corn has
been planted under favorable cOndi-
lions in the western section of the
belt, but there has been some delay IN
eastern districts owing to dry weather
which has also resulted in slow germ
nation in southern portions. Oats and
pastures are good in northern districts,
but are suffering from lack of moisture
in southern sections. Alfalfa good and
harvesting in progress. Wheat cut
ting in Texas has commenced, and ex-
pected to start in Oklahoma next
week.
The movement of grain from the
farms and interior elevators during
the week just closed was again OF very
moderate proportions, though some
what larger in the aggregate than re-
Gently reported. Receipts at the Lead
ing terminals in the northwest were
moderate, while marketing in the west
and southwest was slightly enlarged,
more particularly In sections where
field work is completed. Receipts at
terminals in the central west are In
creasing. Shipments of grain eastward
were very liberal, and arrivals at the
seaboard large.
! Claims of deterioration from fly and
dry weather In southern Illinois and
Indiana and parts Of Missouri, but to-
tai area affected only small proper
ton of the whole Market was stead
Ter for time by the strength in corn
and oats and congestion in the May
delivery, but later the tone became
quite heavy, with general liquidation
by longs followed. Crop news from
west of the Missouri river came in bet
ter. and cutting is now about to com
mence in Texas and Oklahoma. May
corn scored a sharp bulge early. with
"shorts" covering, while the distant
deliveries ruled relatively weak. The
best buyers of May corn sold July
freely, and there was enough pront
taking to weaken the deferred montns
considerably. Better weather IN Ar
gentina. with increased offers at lower
prices to Europe were among the DE.
/ pressing influences. Dry weather and
less promising crop outlook was the
chief factor in oats, the market ruling
strong and higher early In the week
| Predictions were for unsettled Weath
er over Illinois and Missouri, led t
4 considerable liquidation by longs
and most of gain lost.
! Wheat While there was lower
range in winter wheat at the opening
OF the week, a steady advance follow
ed. due mainly to speculative IN
fluences. Wheat Of the contract grade
or that which could be converted II
/ contract wheat. and &C I'd be run into
store in time for delivery on May
contracts was in good demand ane
followed the May delivery closely, bu
wheat to arrive was lower ana sucl
was based on the July delivery. a mod
crate milling demand existed, bit buy
ers were not inclined to purchase be-
yond their immediate requirements
and the cash transactions were SINAI
the past week There was no expor
business, prices being out OF line 10 dt
any business. The receipts were quite
liberal. and the greater part OF the ar
rivals went into store direct ana no
offered on the open market. They evi'
I IDENTIFY had been sold again in TIN
speculative market and were placed y
store for the purpose OF delivery OF
May contracts.
i Sprine wheat started In at the com
mencemert Of the week at slightly low
err prices, but later ruled firmer ant
advanced to top prices. So little bust
ness made public that prices are reall.
little better than nominal Receipts
light and demand OF a very moderat'
i character. Trading was entirely to sup
ply domestic millers and comprised tn
various grades. but mostly cEolc'
northern stock in store that is public
elevators, decreased $4,000 blu. AL
( fresh receipts were taken UP readily b.
either SPECTATORS to sell again In tn
speculative market, or by n1illers. Re
CENTS for week aggregated SO cars b.
rail. against So cars the preceding
; week
Regular wheat closed 1Ac higher TO
May, but 40 nc lower for the NOR
deferred deliveries. The principal nell
to the wheat market during the wee
lust closed was the strength in the Ma,
futures. That month was in small Offer
ing, and shorts were eager buyer
from day to day. They were slow, how
ever, to bid the price upward. as the,
believed that the principal "long" u
that month was likely to let the pric
down before the close Of the month
This was not the case however. Yet
was noticeable that the tig holder Q
the May future was not disposed
take the last cent from the shorts" q
; they were furnished with the grail
from time to time as they bid for i
Tile strength in the May was more 0
| cs of a help to The July and Septem
ber. Those months held up fairly we
: in price and there was general cover
ing Of shorts with the "longs" sci
ine in order. to secure profits. Had no
lholders teen willing to DISPOSE OF a
) least a part Of their lines Of the defer
? red months. the advances would doubt
less have been much larger. The cas-
!, wheat situation was also helm to tn
market on thu, whole. The old whea
held at Chicago ig mainly in tire hand
i OF one concern. and the market wa
strong to meet the views of these hold
: ers. AS a general thing the countr
millers were taking hold only in cor
!. sumrtive wav. and rs the receipts wer
small and the offerings light. the IN
). dcrc,rrent was one Of strength TIL
western country has been pretty we
cleaned up Of old wheat ane this, 1t
k1,x~ Wa