Omaha daily bee., 1903-04-05
wEARE GRAIN COMPANY.
Omaha Branch 1IO-111 Board of Trade
d

CHICAGO, April A-WHEAT-Last week
we told you wheat was a scalping affair
unless an export demand DEVELOPED, IN
which case we looked for an Improvement
in values. The daily sales abroad have been
large and the effect is an advance OF about
2kc. Now as to next weeks actioh. we
dc not attempt to forecast daily huctua-
tions, but with the data at hand we are
frequently able to Judge tendencies with
reasonable correctness Tne STOCKS Oh
York annot even move out. this weeks
sale without outside help. and other term
inal points are in a similar position, as re:
cannot be met by promises OF a new crop,
but requires the actual grain and where
wheat Is scarce 1t takes q good price 20
buy II. With all the bullish features well
in mind and their possibilities considered,
we do not believe, there Is to be a run
away market. Rather, we look for q cesSa-
ton in the foreign demand, temporarily at
least. and We suggest selling out wheat on
Just such advances as this weeks Atten-
ton is rapidly centering on the new crop
and while, as we have said before, new
crop prospects do not I'LL cash contracts"
II Is nevertheless a fact that we are near
ing the time when nature takes a hand In
shaping the course OF the markets, and
with warm weather a bearish sentiment
will develop, as It has In almost all other
springs, n values will shrink.
CORN-The market has been quiet ana
almost without a feature The large inter-
over TO the July, forcing a premium for
the latter of about / cent. Cash trade has
Deen oeaooned py tne SlTike OF Nessel en-
g~iheers and the speculative end has been
without leadership. Talk is current OF
cheaper corn ana cash buyers are very
conservative.
oATs-Thls market in every feature re-
sembles that Of corn, with about two ex-
cepuons-frst, the May is still largely held
by Patten and his followers, and second,
the spot cash demand, while not so good
as recently, Is still sufficiently strong that
even on grades are bringing premiums
over the May. Still, withal the navigation
strike Is more than liable 90 kill on this
Demand and In this direction bring around
some weakness. The May as now held Is
most dangerous, while the July at present
prices might suggest a good selling point
IL our trade Ii satisfied that IL 10 not too
late TO plant the new crop. stin' however.
II wet weather continues much discretion
would be necessary and for the present II
would be we'll to work on a scalping basis,
viz: by buying on weak spots and selling
on even moderate bulges.
PRoVISIoNs-Provislons turned easier
again anticipating a heavy run of hogs in
the near future, caused some liquidation.
We point 20 the remarkably light stocks OF
both meat and lard, which indicates that
prices must go higher later on, although
at the moment there has been some soft
spots In provisions. A year ago. when
| stocks were some heavier and prices creep
ms upward, the talk was that consumption
would be iessened II prices kept going up
ward; yet prices advanced steadily and
II wolld not be a surprise II history re-
peated Itself. The worlds stocks OF lard,
2,2SO uerces April l q decrease OF 22,7 Isl
terces during the month of March. Pack.
ing last week, $4,000, against $4,000 the
same week last year. ohiciai report OF
stocks in store April l: Pork, 2A;tS2 bills.
WEARE GRAIN COMPANY.