Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-04-09
lRAlN AND PRODUCE MARKET
Sensational Crop News Causes Strong Bull
Movement in v heat
WHEAT AND OATS STRONG, CORN FIRM
Reports of More Extensive Damage by
Green RuGs, Chinch Buss and
Dry weather strengthen
Market.
WHEAT AND OATS STRONG, CORN FIRM
oMAHA. Aprl 5. Ia.

q
Sensational crop news carried a violent and
sustained advance in prices after an OPEN
Ing which aus dred for a strong bull mar
kcL wheat led the upward movement al
nOugh OaJs were strong and corn was firm
n sympathy with the general market tone
Countless reports Of crop damage IN the
southwest from green bugs Cnuch bugs
ana dry weather caused tue sharp advance
IN wheat ana the damage was reported to
oe greater than apprenended Inc bugs
were reported To nave practically destroyed
the crop In Texas and we're extending their
raVaSes In Kansas. 1t was also reported
that the pest had advanced into Nebraska.
The situation In Oklahoma is generally re-
gaEdeu as very bad. The weather ia the
wheat belt is cold ana there has been
the need Is greatest The, month Of April
VIII MAKE OF unIuaHe the wheat crop and
the precarlous condition now evident slim
ulsted much buying by outsiders. Short
lines nave been covered pretty extensively
ana the advance today was not due to
covering by shorts, but by substantial buy
were reported in the northwest and the
xl i,iole supply increased slightly. Even
win the weaker statistical situation and
lower cables, with only moderate foreign
demand, the advance was not retarded, NJ
ihe market suffered a genuine crop scare.
July wheat was stronger than May options
ana the close was strong. May wheat
closed at 10Ac asked, net gain OF No, and
Guy OF " wheat closed at 7a%0 BID an increase
Corn opened stronger, but trading was In
active, as interest was conferred in the
changed and the general tendency was to-
ward a higher level In prices on account
OF the damage reported to wheat and oats
May corn closed Arm at nhc asked, and
other options we're steady.
There was active trading In oats, which
opeend slightly higher the September CD.
lions being particularly active. Receipts
were light and extensive crop damage by
chinch bugs was reported, but not verified
May options advanced hc and then de.
clined Ac, but the close was steady II
lMc asked. September options closed al
&c bid, an Increase OF Nc over the close OF
Saturday.
The worlds wheat shipments we're 9,s24
GOO bushels, against 10, 1900 bushels las
year. Corn shipments we're S,il5,OOO bush
els, against 3, 76i, goo bushels last year
The worlds visible wheat supply increased
2,45l,O00 bushels to 40, 664, 900 bushels aRains
4oSI2OOO bushels last year. The visible sup
ply OF corn increased 1900 bushels L
12,Bl,O00 bushels, against 100000 bushell
last year. oats supply decreased 1880
bushels to 1925, 900 bushels, as compared
with l9,673,oOO bushels at the corresponding
time last year.
Primary wheat receipts were 800 600 bush
els and shipments $4,000 bushels. agains
receipts last year OF 200 bushels anI
shipments OF 10000 bushels. Corn receipt
were ~ bushels and shipments 772, eco bush
els, against receipts OF $4,000 bushels anC
shipments Of 373 900 bushels last year
Clearances were lS2, 900 bushels wheat
$4,000 bushels corn, none OF oats anC
wheat and flour equal to 81 900 bushels.
Liverpool closed I'd lower on wheat AM
corn was unchanged
Local range Of options: