Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-06-09

which were said to re going more or
less damage. Those in the trade VINO
| put out short lines with the eXpecta-
ton of taking down profits on declines
were more or less disappointed by the
action Of the market, as they were
| forced to meet with losses. Inc taet
| that the cash situation Is a strong one,
as the cash wheat is held by the same
people who are believed to hold the
July future, there were many or the
houses who were advising customers
to act with cautiotf In putting out
short lines. 1t Is believed by many IN
the trade that the movement or the
bears" and place them In a position
where they are likely to suffer losses.
It is believed that great deal more
wheat has been sold for export than
the trade generally cares to acknowl..
edge, and that there is possibility or
exporters experiencing some trouble IN
securing the new wheat for shipment
abroad. The first car Oklahoma new
4 wheat was bought to come here, snip
ment to be made by June 16. Exporters
not only in the United States but In
Canada, say that bids for old wheat are
close to working basis and that the
old world is in need Of grain OF last
years growth and that millers Of the
importing nations are how looking
|
| CORN-There were advances or IA
@2Mc for the week Just closed. Those
in the trade who were impressed with
the idea that corn is likely to sell to
a lower level and to be unable to again
display strength. have beer more or
less disappointed. and some OF them
have lost money by putting out short
lines Those who have sold corn
short" have been forced to cover. and
in nearly all instances the bulls" were
the ones to take down the profits.
Farmers In this country have not been
selling a great amount Of corn Of late
and the receipts show a falling on, and
those in position to know. say that
they are likely to decrease still furth-
err This has been one Of the "bull'
helps Of this market. 1t Is well known
that eastern buyers refused to take
hold of the western cash corn some
time ago because Of the cheapness Of
the Argentina grain. but the latter is
in small Offering and those wanting
corn east are obliged to come to the
west to secure their supplies Argen-
| tina corn has been sold only in small
way c. l. I. the eastern seaboard OF late,
4 and it is given out on good authority,
that there will not be any further good
sized shipments from that country UNI
til after the first Of next month and
| then the movement Is not expected to
be heavy. Argentina corn has cut quite
a swath in the matter of price making
in Chicago. as well as the smaller
! markets Of this country, but many of
the cash handlers say there Is no like
/ lihood Of any great pressure being
shown from that country, even after
the passing Of July. The receipts at
| Chicago the past week were liberal, but
this corn was purchased some time ago
to come forward and the shipments
from here were sales that were made
some time ago. The trade In corn has
been on a liberal scale and the old
time "bull' crowd has been in control
OF the market
tOATS--Good trading and Il fair
range of prices was on in this market
the past week. and the close showed
gain Of "a &c on July and loss of Vac on
September. A feature was the liberal
buying Of July by the leading shorts
The May went out week ago At SOC,
or M@Nc under July. The main pres
! tered traders who were inclined to be
! "bearish.'' New commission house buy
/ ing was fair. Weather and crop reports
are mixed. There are many complaints
Of damage from army worms In this
and adjoining states. especially in Mis-
souri,. There were scattered rains over
parts OF the leading oat states. The
|
given out Monday made. the condition
91.7, aeainst 81 reported by the govern
ment in June last year. The acreage Is
| reduced 100000 from last year to 3D.
$4,000 acres. Indicated crop is 1,203,-
100000 bu, against 1,100.o0000O bu last
] year. The condition is the lowest in
/ states where there has been the great
est growth, and highest in states where
the growth has Just started.
| "a init ~ l,o
past week and there was not much de-
mand. Buyers picked UP few cars but
sellers generally had to meet buyers
views to effect sales. In some in
| stances cars were carried over day
] or two before they were sold. The lit
| tie business doing was on domestic ac-
count
BARLEY--More barley came in the
past week. Arrivals were 1877 cars, COM
pared with 1928 cars the previous week
and 131 cars two weeks ago. A good
previous sales, leaving the offerings
very moderate. All grades met with
good sale. Masters have worked up
their stocks Of barley pretty well, SO
| they were in position to take hold. The
arrivals have not been up to expecta-
lions. 1t was thought that with seeding
over barley would come forward more
freely. It has not done SO, and that set
| the demand In motion The f1rmness
shown week ago was again present.
During the week under review prices
for mailing barley advanced &c.
| TIMOTHY-A firmer feeling came
over this market In prices there was a
tendency toward improvement Little
business was done. Cash seed was
sparingly offered. In the case OF futures
buyers and sellers remained apart. The
I Nolr
In some sections. notably in Missouri,
there was some complaint of dry
weather. For contract spot seed there
/ was only a nominal quotation, and that
remained steadily at $5.25. For Septem-
her delivery new seed the bids were
raised from S5.25 to $40 The asking