Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-29
GRAIN and PRODUCE MARKET
sharp Decline in Dull Wheat NAIkst AitsT
Strong Opening.
USUAL SATURDAY LIQUIDATION ENsUEs
Proht Taking sales and Few COmmitt-
ments over sunday Cause De-
cline, Although Crop Com
ditiOns Are Unchanged.
USUAL SATURDAY LIQUIDATION ENsUEs
OMAHA. Anrll q, 1907.


The market had another wild opening,
but the usual Saturday liquidation ensued
and prices declined under heavy realizing
and closed weak. while the close In wheat
was nearly at the low point for the day.
Receipts were moderate and there was no
change in the condition of crops but cables
responded TO the sharp rise Of yesterday.
Wheat opened strong and higher on ac-
sount Of the continued absence Of rain IN
the southwest but the gain was not held
and the market sagged under proht-takina
sales and little support offered. The mar
ket was quiet and dun after the opening,
as investors preferred to hold on and local
traders sold out long lines In fear OF rains
ever Sunday; Slight showers were reported
IN Missouri but precipitation was predicted
only for Nebraska. Iowa and Missouri. IL
was believed that damage reports have
peen exaggerated and that the Kansas crop
Is only two weeks late and In fair condi-
ton TO respond well to heavy rains. Sales
OF 40O,l0O bushels OF wheat at seaboard for
export were reported.
The Chicago Inter Ocean said: cash
people who have been bearish on wheat
are now talking very friendly. The adj
forced them into line. Now that the price
Is up into the eighties more people are will
Ing to buy wheat than when Il was drag
glng around 76c. There were bids here
from eastern millers yesterday for two car
goes OF No; red at July price, c, ]. Il
10000 bushels Of No. 2 red here the last
two days and the steamer Armour loaded
It yesterday for Detroit"
weather In the northern grain belt. Aus
tralian wheat shipments were As, 600 BUSH
els this week, against $4,000 bushels last
week and lOOS,OO0 bushels last year. Indian
shipments were 664 200 bushels, as compared
with 10000 bushels last week and 10000
bushels one year ago. Weakness character
lied the close and the undertone was heavy.
strength was shown only in July options,
which closed Nc higher.
corn opened firm and, after a slight
reaction, closed slightly higher. Trading
was light on moderate receipts, but 10000
bushels were reported at seaboard for ex-
port. All options closed frmer at an adj
vance OF &c
Oats were weak and in poor demand al
though early sales caused an advance of
&c, put the close was practically at the
opening figures.
Primary wheat receipts we're $4,000 bush
els and shipments $4,000 bushels, against
receipts last year OF 100000 bushels and
shipments OF $4,000 bushels. Corn receipts
were $4,000 bushels and shipments $4,000
bushels against receipts OF hSS, 900 bushels
and shipments of 306 900 bushels last year
Clearances were $4,000 bushels corn 1000
bushels oats and wheat and flour equal to
$4,000 bushels.
Liverpool closed 5ha1d higher on wheat
and I'D higher on corn
Broomhall estimates the worlds ship
ments of wheat this week at II 600 900
bushels against u, $4,000 busheis last week
and 100000 bushels last year.
Local range Of options: