Omaha daily bee., 1903-03-29
wEARE GRAIN AND ELEVATOR co.
Omaha Branch I1O-II1 Board of Trade
Building.

CHICAGO. March &.-wHEAT-The con-
sensus of pit opinion Is that the long
that shorts seneraliy have absorbed the
offerings. that the future action Of values
Is now dependent on new conditions. Values
have declined to an exporting basis 10
nestle buyers can and are taking hold with
more confidence and there has been a mod
crate revival in demand from shippers:
There Is a very small stock Of contract
wheat available for May delivery here. The
short in May is In a dangerous position.
This does not necessarily mean tnSt may
can be and might easily congest itself.
The fear OF this has been an influence upon
May shorts the last two days, but the situ-
alton II not DEFINITE enough to warrant
bullish advices on this alone as a basis. III
nothing new develops In cash situation or
manipulation or concentration OF May hold
ings this wheat market can be probably
sold on rallies. We reserve the right to
withdraw this ndy TGs. 4 o either ,n s lo6 6sy ;iSp
ment TO await advances before taking sell
ing side. as we have had material decline
and open interests In the market are now
very limited and action narrow and OF
CoRN-As yet nothing has occurred to
allow very much more than scalping ad-
vances on corn. TIL price Is satisfactory
and with better weather and q chance given
TO shippers 70 move corn N better shape
able supplies except at advances In values.
The views Of m~erchandising trade are
movement at this decline and the liberal
ciearances from the s~eaboard. In fact, the
only important bear feature Is the keSpins
ing period; the bears will use this as a
club on May contracts, but values are
getting to a point likely to discount any
permanent effect, Large trading interests
nave gone into July contracts on account
OF this and this option Is firmly and largely
held and should do 70 buy on mateTiai or pr
the market will likely meet free selling
until confidence is restorted In the keeping
quality OF a crop when mas ,he co Ii :
grade in q crop OF 2l6O0, OOO.e 20 "a
OATS-Have been going through an even
held for 4Oc May oats, sold out TO the
people who had enough confidence in their
judgment OF legitimate values 10 sell at
plenty high enough II not too high, the
argument of previously light stocks was
worked too hard. The decline PROBABLY
a natural reaction on covering of short
lines with a hrmer sample market an in
nuenee. Further advances now depends on
7 wet weather delaying seeding and Increased
speculative interest. Such possibilities can
occur and therefore the selling side should
only be taken on fair advances, but until
such conditions do develop no permanent
advances can be maintained and We taVor
selling side on rallies with pronts TO bs
secured on speculative breaks.
PROVISIONS-The hog receipts for a few
days have been a little heavier than antlel-
pated, although compared with other years
the ran IL light. Provisions. however, are
holding nrm, a strong factor for hisher
prices being the very light stock OF both
meats and lard throughout the COUNTRY.
ency for stlll higher prices, as products are
considerably too low compared with the
Ppr prize ~ hoss ps snG hos s prices q 70 any
extent. Packing last week, $4,000, against
$500 last year Private estimates OF stocks
IN store Pork, eASo bos ARD h'S heroes
WExRE GRAIN AND ELEVATOR CO.