Omaha daily bee., 1905-07-24
GRAIN AND PRODUCE MARKET
September Wheat Booms at Close After
Easy Day.
s1AWPEDtD BY BLACK RUST AGAIN
Market still In Unstable Condition on
Account of Reports from Mime
apoIia-COrn Is Down n
Cent from Yesterday.
OMAHA. Julv q. 1eO5.

OMAHA, July o. 1906
After an easy tendency in wheat all day
the market was stampeded near the close
by rust reports and September rose to yes
terday'B close The opening was 90lSdS9Ssc
and the price declined to SIC near noon on
account OF disbelief by many traders Of
current rust reports An easy feeling had
been, created by the passing Of the word
by the Northwestern Miller that the re-
ports In the main had been started by
lnglis and Jones, both working for the
same bull interest. 1t did not take long to
change conditions toward the end. The
chief apprehension from rust Is that the
northwest crop Is ten days late. July was
at 9O}sQ9Okc and December at 9OZa9O4c.
Corn, cash and futures, was nearly 1c
lower July closed at 5I%c, old July at
5f1kc, September at 55hQ553sc, old Sep
TENDER at 559sd55ihc, December at 4Shc and
Oats closed with July at 31hc September
at 294to and December at 30kc.
Liverpool closed 1hd higher on wheat
and sd higher on corn.
Minneapolis has been the center OF the
rust excitement. The speculative ano eie-
vator interests were buying there yesterday
and the shorts were stampeded. Prices adj
been covering for two days and the bull
leaders are said to have increased their
holdings Friday night prices were up
12ssc from the weeks low point. Chicago
had advanced Sc frohS .he low point OF
Monday; and the July september spread
which showed disposition to narrow early
In the week and was 2kc, had wdened
to 3isc at Fridays close.
Inc Inter ocean, WniCn mas Deen lnNeSll-
eating black rust, reports on it's own ac -
count, says today: Developments in the
black rust scare in the spring wheat sec
lions Of the northwest were highly sensa-
tional and greatly exaggerated yesterday
The great combination of bullish interests
at Minneapolis. who are said TO be loaded
with high priced wheat, are flooding the
country with the widest kind of reports
about black rust There is no doubt that
there Is black rust in spots, as the reports
come from many good people, but they
do not send sensational advices. Every
nonspeculative source of information
says there is nothing yet in the black
rust. scare"
The Daily Trade Bulletin is out with an
wheat and 270,O00,00 bushels of spring
wheat, or total crop of 6S5, 900 bushels.
Australian wheat shipments this week were
$4,000 bushels. last week $4,000 bushels
bushels, compared with $4,000 bushels a
year ago.
has figured 1t out that the Armour interest
has 100000 bushels of July corn bought
through various commission houses. the
trade being handled in such roundabout
way that II has been difficult to locate the
real source from whence the orders came
This is supposed to include the large line
of corn taken in for the Pringle house
this month for Ames- Brooks. II the theory
of the trade is right. there may be sur
prise in the next ten days"
Omaha cash Prices.
WHEAT-No 2 hard. SsaS9c; new No. 2
hard, S11kdS2c; No. hard. S0qS5c; new No.
3 hard, SOqSlc; No. hard, 7OqTc; No.
CoRN~No. ?, 52e; No. 3, 511sc;- No. 4, Soc
no grade, 45G49c; No. ? yellow, 52lkc; No 3
yellow, SIC; No. . white, 52%c; No. white,
oATs-No. mixed, sOc; No. mixed,
291kc; No. mixed, 2S1f929c; No. 2 white,
S11ac; No. white, 311kc; No. white, SOc;
standard, SO%c