Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-02-26
GRAIN AND PRODUCE MARKET
Wheat Rules Steady After an Initial
Bulge.
FIRM ON SMALL AUSTRALIAN SHIPMENTS
Corn Is Firm Throughout whole Ses-
sion. Mainly on Favorable News
in Cash situation-Oats Adj
vance Nearly HaIf-Cent.


OMAt1A. + CO. - wv
Wheat ruled steady. after rescting from
the initial bulge which was influenced by
a ~sn4zC advance at Liverpool. The hTtn-
ness abroad was on smaller Australian
shipments. The map this morning showed
rams throughout Illinois, Kansas and Mis-
souri,, and the forecast for generally fair
and colder weather tomorrow. The news
lacked feature. Heavy shipments OF noGr
from Minneapolis attracted some attention.
Corn was firm throughout the session.
Aside from the opening influence Of strong
cabes, the Favorable news was chiefly in
respect to the cash situation. The Chicago
sample market was from to l1zc a bushel
higher with good demand. Inc seaDoard
was In the market for corn. Inc weather
conditions have been bad for the move
inent and the grading of com. The situa-
ton is clearing. in some respects. and
hrmer, broader market Is promised.
Oats were very firm throughout the ses-
sion. advancing sc.
There was no pressure TO speak Of on the
market at any time. and the relative posi-
ton Of the futures and the cash market
does not encourage short selling of the
former. Sample market was strong
Clearances were a2.0IJ bushels wheat, L.
0O barrels hour. SS4vlp bushels corn, $50, VD
bushels oats Primary wheat receipts were
5eS.Uu0 bushels and shipments 2ll,Vo bush
els. against receipts iast year OF 5Ds, 90
bushels and shipments of 16s.vG0 bushels
/ Corn receipts were o6O"00 bushels and snip
ments 694. 20 bushels against receipts last
year Of o44.eO bushels and shipments Of
Z13U1e bushels.
Liverpool closed asa5kd higher on wheat
ana i4u higher on corn.
BroCnhau estimates the worlds wheat
shipments Monday at ~. iOl,Vyy bushels,
against l-5l-,Cyt bushels last week and
| . NsS,VO bushels last year.
Mlnnea ool:s reported shipments Of flour
I yesterday At Ss,ii6 barrels, which shows a
-Ood demand.
Australian shipments this week were
/ 9so.p1 bushels. against .536 01D bushels last
week and l.0is,0cV bushels last year
! Minnes polls message to the Tribune
! We have been wondering how with the
4 reported poor flour demand, our mllers
| could grind and ship much each day,
/ sometimes 5000 barrels q day. We learn
the true inVardness OF the matter. They
are obtaining high prices for feed. and
/ md by grinding and selling their feed and
then storing their -four at Duluth which
/ costs them nothing. they are in good posi-
ton to take advantage of the opening OF
naViga ton sale and to do much better On
I feed than likely 10 do II the weather gets
T warner
From the Inter Ocean: Cash oats are
selling higher than futures and commits
: sion houses are advising their country
. customers who have the cash stun to sell
I it now and buy May. July or September. II
. carry the futures and IL there is going "a
be any advance from a possible delay ~
seeding or a reduced acreage or crop dam
age futures will advance The position 20
corn futures is the reverse of oats. Cash
is selling at a wide discount under fu'
lures. The country has been selling "a
winter shelled corn rapidly as possible
and has lost heavily the past two weeks
owing to the decline in prices and the fail
ure Of the corn to grade No. or better
The local range Of prices