Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-30
GRAIN REVIEW OF
THE PAST WEEK

Climatic conditions in this country
and Canada during the week just clos
ed were, In the main, favorable. Crop
news from the Canadian northwest
was quite favorable. Press reports
show conditions in western Canada
very promising. Recent rains were
beneficial. Advices regarding spring
wheat In the American northwest were
highly satisfactory outside Of excessive
rainfall over sections of Minnesota.
Outlook for coarse grains very good.
In the winter wheat belt the weather
was favorable for harvesting, which Is
now we'll under way in southern sec
tions and has begun as far north as
Iowa and Nebraska. The yield Is sat
what less than was expected In Texas
ceeded general expectations, and the
secretary of the state board Of agri-
culture places the crop at 180,000,000
bu. Conditions were mainly favorable
for corn, which has good start. Rains
in some sections delayed cultivating,
but area as whole Is in good condi-
ton. Reports on oats were quite ir-
regular. Dry weather earlier in the
season caused considerable deteriora-
ton. Many fields In the drouth area
too short to cut Conditions this
week hire, on the whole, little more
assuring. Hay crop fair in western
and northern districts, but short in
south and east.
The movement of grain from the
farms and interior elevators during
the week just closed continues Of very
moderate proportions. Receipts at
the leading terminals in the northwest
were only moderate, while marketing
in the west and southwest were some
what larger, the new wheat commenc-
ing to move. Yields liberal and quality
excellent Coarse grains In smaller
supply. Movement of coarse grains in
the central west was also quite mod.
crate. Locally receipts were moderate
in the aggregate.
A very fair trade occurred in cash
grain during the week just closed.
Consignments were moderate, while
purchases to arrive were of a very fair
size, great deal of new wheat being
bought to arrive in July and August.
Demand good for all descriptions.
Wheat was in moderate request on
milling and shipping account, with lib.
eral export sales. Prices lower, follow
ing futures. Corn sold well and rang.
ed lower. Oats continue to meet with
ready sale, and offerings continue to
clean up closely from day to day.
Prices comparatively weak. Rye was
quite and steady. Barley trade mod.
crate and market continues easy.
Seeds attracted moderate interest and
prices ruled a little lower on most des.
criptions. Hay was in good demand
and market firm. Receipts were lib.
eral.
WHEAT-In winter wheat prices de-
clined some to 51k the past week.
Trading was quite active on domestic
account, and there were large sales
for export mostly now wheat in the
deferred months. The stock of old
red wheat is about all cleaned up,
millers taking the offerings to replen,
ish their supplies and have wheat to
carry them along until the new crop Is
available. The rapidly diminished
stocks led holders to tighten up some
what on prices, and red wheat, while
following the decline, was held rela-
lively stronger than the hard wheat.
Even the latter showed some resist
ance toward the close of the week, and
stocks have been greatly reduced. The
few cars of fresh arrivals on sale met
with fair demand. Receipts were
small. Advices are to the effect that
old wheat Is well sold out at the points
tributary to Chicago market.
In spring wheat decline Of 3M4c
occurred the past week. There has been
fair demand on milling account and
the offerings have been comparatively
small. The meager receipts, of course,
prevented larger business, but more
or less Of the stock in store was with
drawn to supply the milling require
ments. Stock is well reduced, and this
enables holders to gain good premiums
over the prices ruling for winter wheat.
It will be several months before new
spring wheat will be exhausted
In regular wheat price losses have
been quite heavy during the week just
closed, as the market has been under