Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-17
GRAIN AND PRODUCE MARKET
scalpsrR Market and Trading Light at
Slightly Lower Level
SHARP SLUMP OF ONE CENT lNMM WHEAT
lower Cables, Report of Rain I'm
Kansas and Large Primary RE-
ceipts Cause weak
ness I'm wheat.
OMAHA. Anril 1s. 1907.

OMAHA, April 16, 1907
Opening prices were lower on account Of
Ffd sleet IN Kansas. Extreme liquidation
~ May wheat caused a decline OF / cent
fsnd other grains showed sympathetic weak
ness. Trading was light and Il developed
into scalpers market, with the decline
retarded by dentals or Kansas precipita-
lion. Much bullish news was received and
prices hardened near the Close but the
market was nervous and promises to con-
tinue 50 for several days, until weather
conditions become more settled and the eN-
tent Of the damage in the southwest can be
accurately determined.
Cables opened slightly higher on wheat,
put the close was on nc. May wheat
opened weak and declined 1 cent while
July options suffered a slump Of Nc. Rain
ma snow were reported in Kansas, but
his condition was denied from Wichita.
Inc weather predictions we're for fair
weather with rising temperatures generally
ana was regarded as favorable to the grow
hB crop: Northwest receipts were very
arge and caused much liquidation in May
Nheat by scalpers Bug damage reports
we're received from Kansas, Oklahoma and
Nebraska, which checked the rapid de-
Zine IN prices. Extremely bullish news
was received from kansas, where the crop
" reported to be badly damaged by bugs
ana drouth, with the crop turning yellow
IN patches. The seeding In the northwest
= said to be from three weeks to a month
ate. The market was very unsteady and
responded easily to any new influences
brought to bear. The close was unsteady.
With recovery Of NC In May wheat which
closed. however, Of a net loss Of &c.
Poor support was given to corn and the
market was weak on light trading Gables
we're off nc and July options suffered a de-
cline Of a like amount.
Corn receipts were only moderate, as the
heavy primary movement recently wit
messed has abated considerably. The close
was steady at the opening prices on May.
but with loss OF &c In the July options.
Oats were weaker at the opening and
sold on small fractions on later trading.
Little news affecting the market was re-
ceived, except that IL was reported that
Kansas oats were making no growth. The
cash demand has receded and traders were
few; Closing prices were steady, a loss of
&c being sustained in July and September
options, while May options were quoted at
opening figures.
Primary wheat receipts were 59SOOO BUSH
els and shipments $4,000 bushels, against
receipts last year OF 26S,OOO bushels and
shipments of 2lS,000 bushels. Corn receipts
were $4,000 bushels and shipments $4,000
bushels, against receipts of 292, 900 bushels
and shipments of 912O 900 bushels last year
Clearances were 1900 bushels of wheat,
= 10000 bushels OF corn, 5000 bushels Of oats
and wheat and flour equal to 342, 600 bushels.
Liverpool closed Nd lower ON wheat and
lsq1ld lower on corn.
BCadstreets estimated Increase in the
visible wheat supply was SOL 900 bushels,
against a decrease Of 206 900 bushels last
year. The estimated corn decreased 921, OOU
bushels and oats increased $4,000 bushels.
Local range OF options: