Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-05-12
GRAIN REVIEW OF
THE PAST WEEK

tions in this country during the past
week were generally regarded as fairly
favorable, whlei low temperature in the
Canadian Northwest delayed seeding
operations. Rains were quite general
again this week over certain sections
of the Grain and Cotton belt. Advices|
from the West and Mountain states
were rather less favorable, vegetation
being retarded by the rains. Farming
operations were also delayed In the
southwest. Good rains fell over most
Of the corn States. Spring wheat
seedlings are delayed by cold weather
and scattered rains.
The movement Of grain from the
farms and interior elevators during the
week just closed continues very mod
crate, being restricted to a consider
able extent by farm activities and al.
verse weather conditions. Receipts az
the leading terminals in the northwest
were light, while marketing In the
west and southwest, both OF small ano
coarse grains, were also restricted ana
receipts at terminals in the central
west were comparatively small. Ship
ments Of grain eastward very fair, ana
arrivals at the seaboard moderate. En-
ports Of breadstuffs were moderate,
and new bookings were liberal of new.
Corn clearances continue limited.
A very fair speculative business was
reported in the leading speculative
markets on change during the week
just closed. Outside interest was less
marked but trading on local account
quite active. Wheat was somewhat un-
settled, but closed about same as
week ago. Acute congestion appeared
in the May delivery at the outset ana
gave shorts" fright. It's erect was
to nullify the influence Of the excellent
crop outlook and the heavy sales OF
western and southwestern wheat now
arriving that will go to store Tor deliv-
were generally regarded as quite
publish" and weather conditions IN
the spring wheat country too cold ana
wet. Foreign markets were firm ana
European crop conditions less favor
able. Realizing sales followed the
bulge and most Of the gain was LOST.
Resumption Of rainy weather IN Argen-
tina made a higher market for corn
here, as well as in the South American
and European markets. Decreasing
stocks also proved bull" help. Fart
of the advance was held to the close
Oats started stronger. Cash houses
and delayed shorts bought early, but
their wants were soon supplied, ana
later the market ruled easier. Weather
a little more favorable for the growing
crop, but seeding a little late IN the
northern districts.
The trade in cash grain during the
week Just closed was again reported
only moderate. Consignments con-
tinue meagre, due to considerable
extent to field activities and unfavor-
able climatic conditions, and purchases
to arrive were limited outside wheat.
Considerable wheat bought IN the west
for immediate shipment. There was
further sales Of new wheat for August
ri Prices
irregular following the trend OF specu-
lative values. Corn in somewhat bet
ter demand and offerings were very
moderate. Prices were higher following
futures. Oats were also firm and high
er.
Winter Misunderstanding has been Of
rather limited character during the
past week. but, in sympathy win tne
speculative market the feeling has
been firm and higher range Of prices
was established, but the outside fig
ures were not fully maintained. Quite
a little contract wheat has been taken
out, Of store partly on previous sales
to supply interior millers; but during
the week the transactions have been
rather light, due to the higher prices
asked. The advance cut off the ex-
port business, and nothing was done
In this market on foreign account for
Immediate delivery. Domestic millers
made some purchases and some may
have purchased little ahead Hof i'm
mediate requirements In the BELIEF That
possibly prices might be higher during
the month Some round lots of No. 2
hard wheat were bought in the inter-
Tor for May delivery, and there were
sales of new wheat August shipment
to exporters, but not to the extent OF
last week The receipts for the week
show some increase. interior dealers
wishing to take advantage Of current
prices.
New wheat shipped by July 90
Some bids with No. Red Nc over
July priced and No. Hard also Nc
over July price. All July shipment
same as July price. August shipment
was quotably same as September to
NC over.
Spring Whest-A higher range Of
prices was established the past week,
and firm feeling existed, but only
on relative basis with the specula-
tive market. Receipts light and de-
mand Of very moderate character.
The trading was entirely to supply
domestic millers and comprised the
various grades, but mostly choice
northern Stock in store, that is public
elevators, increased 100000 bu. COM
, prising mostly wheat brought in by
up readily by either spectators to sell
again in the speculative market, or by
millers.
Regular Wheat-The strength In the
May future was the sustaining power
in the entire market. With that month
out of the way the selling pressure on
the deferred or new crop months
would doubtless have been pronounced
with a probability of price losses Of
liberal proportions. AS it was there
were gains OF INC in May, while the
more deferred or new crop months
were unchanged to Nc higher There
were exported takings Of old crop win
ter wheat which helped the situation
but little Besides the abnormal
strength in May wheat at Chicago that
month was as much as 10Ac over the
July in the st Louis market. A well
, known exporter from Canada says that
the wheat recently delivered on con-
tracts at Winnipeg was taken off the
market and that the export business
has been on large scale, :, notwith-
standing reports to the contrary. There
are now 100000 blu. Durum en- route
| to Montreal from lake ports, and much
!! of this will be transferred to ocean
| going boats upon arrival in the Canadi.
an market.
The general absence Of selling pres