Omaha daily bee., 1891-05-03

rapidly. and corn planting commenced FARM
ers' deliveries, England, $4,000 quarters against
$4,000 last week Average price Ais Id against
40s Id last week
Logan & Co, to Toncrny & Bryan;
Commission houses generally had SELL
ing. orders in wheat this morning, the tone
weight OF offerings carried the market 20 n
bushel from yesterdays closing price. There
was moderate amount OF spring wheat taken
ported at Duluth about a half million fresh
charters. The close was at the bottom price
severe check IN the decline. | think they will
be conservative in taking hold, especially
The general impression prevails that the gov
ernmcnt report for this month will show at
least par on condition Corn was held steady
rains In the west is likely to stop receipts and
the demand for cash is encouraging holders
some May stun being sold on account or tho
dimculty in securing insurance. The market
closed steady at the decline.
Secretary Mohler aud Chancellor Snow. says
the Kansas City star after an investigation
OF the wheat area OF Russell county, Kansas,
report that the new insect which is found in
sickly condition OF the plant, hut that Il Is
due to careless farming. 1t was found that on
ground which had been properly prepared the
crop Is vigorous and shows no sign OF decay.
la many Instances the farmers simply drilled
the, seed on stubblc ground without plOwiny,
and IN all such cases the plant is schly and IS
turning yellow The little green bug. which
was supposed TO be the author Of the m ischct,
was found only in those fields which were not
titled before putting in the seed, though 1t
does not seem to be attacking the plant The
snow and ,he rain which benefited the wheat
on soil which was properly cultivated gath
cred in poo on the ground which was not
plowcd and rotted the roots ~ the grain. The
conclusion is that the bad condition OF the
wheat fields I'm Russell county is due to shift
less farming and the srnsclcss ambition to
cover blZ acreage or ground without the
labor required to insure the success OF the
crop,
kcnnctt Hopkins & Co. os. A. Nlcwhortor--
Easier cables where strong had been expected,
official denial OF insect rHvages in Kansas and
the report Of fair stocks Of wheat in Nebraska
by millcrs OF that state induced general sell.
ing this morning. The short interest had COW
cred SO Yesterday there was comparatively
little demand from that source and the pres
sure OF long stun carried the price down rap
idly, Bulls showed little inclination to buy
on the brCaE possibly plefcrrin- to wait until
Monday C9nsid%rahle wheat has been
More than half of Duluth stocks are reported
chartered to 20 out this month; lGN,OJJ cleared
from New Orleans today and 1900 % reported
chartered here today. The domestic move
has been rather encouragmE Tho visible
but the heavy lake shipments Will soon go out
of signt to Il comsd derablc extent and We look
to see the visible largely reduced this month.
Corn and oats have been relatively stronger
than wheat The long interest luuidatCd So
freely early in the week that but little more
weak stun remained to be used. The more
liberal receipts willhOwCvcr, have tendency
TO puil prices down II they continue as It
depressed early by the weakness in grain and
when Wright appeared as seller broke cas-
lily. ON the decline he market turned dun
and closed heavy
w. G. Mccormick & Co to L. c. Swart2 & Co.
Tho wheat market for the week closes with
the bears in complete control and the bears
discouraged. The features of today's news
have been weak and lower cables and the re-
ports of the very fine condition Of our growing
crops at home. A very bcarish influence was
exercised by the talk of beginning OF har-
vest in the southern states as early as June
which brought our bulls face to face with the
prospect of an early harvesting OF the finest
crop that this country has ever seen. TOdny's
decline was checked for while by stories Of a
good export demand from Uho seaboard and
that 10000 bushels had been worked from
here direct, but the reaction was only tenn
porary. The indications for next week are
for lower prices, the short interest having
been mostly covered and no outside disposi-
tion to buy unless we have further
points were 4c,OOj, shipments iOG, o.
The corn market has been decidedly weak in
spite of the effort made by the bull party to
advance prices. Their selling on the bulge
broke the market more than their buying had
advanced it. The cash demand today was
good and readily absorbed all OF the receipts
at about 2i.c for No. corn over the May
price. We consider the market as very week
and expect further decline. Oats have fol-
natural when we consider that the same bull
pool is working in them that is working the
corn deal. There seems to Us only one side in
this market when we consider the fact that
cent higher than this time last year. Pro-
visions have been very dull and the market
quite heavy. outside trade small and believers
in higher prices seem to be holders Of rs much
stuff as they care to own for the present. The
bears seem tim id about selling under Sl3 90 for
July pork, as they have been badly caught
Whenever they have done this during the last
month. Stocks OF lard and ribs show some re
duction, but not as much AS was expected.