Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-09-23
CORN RISES IN SYMPATHY, roo
Cash Quotations More Than Cent
Higher Than Thursday.
RESULT COMES AS SURPRISE
No Local Grain Men Report Having
Made Purchases.
ONE CARLoT SELLS FOR 80 CENTS
Merriam Expresses JOY on Exchange
Floor by WhoopinE II Up for
Canada and Buying Cigars
for Fellow Members.

Cash wheat advanced to cents on
the Omaha market Friday morning, due,
according to the grain men, to the clint
nation of the possibility of reciprocity
with Canada. One car of spring wheat
sold at SO cents, almost realizing the re-
cent prophecy of some of the grain men
that wheat would soon go to 81 a bushel.
Cash quotations on No. hard wheat
today are 80 cents TO 81, the highest ac-
tual sale of this grade being six cars at
81 cents a bushel. One man who Thurs
day refused 92is cents for his wheat sold
today at 9e cents
Corn felt the effect of the rising prices
in wheat and cash quotations on the
local market we're l to IL cents higher
than Thursday.
n. Merriam, who has talked and
dreamed anti-reciprocity for months. was
the happiest man on the Grain exchange
floor He would yell "Hurrah for Can
ada" on the slightest provocation and
bought cigars for everybody on the floor
Mr. Merriam says the decision Of Canada
at the polls Thursday will save Nebraska
farmers millions of dollars annually.
The man who could have plucked up
nerve TO buy wheat Thursday for sale
today could have cleaned up a fortune
If any of the local grain men did it they
are keeping quiet about it.
Prices Mt Chicago.
CHICAGO, Sept 22-Wheat jumped up
as much as S1ac a bushel today as
result of the defeat of reciprocity That
was the extreme rise for May delivery
Most Of the trading took place 81 a much
less advance, running down TO issc. Con-
siderable excitement was shown in oats,
the latter making a gain of lq11zc.
So lively was the trading that il was
impossible to follow individual operations.
Every foot of room on the steps OF the
pit supported wildly shouting brokers
and, looking down from the galleries the
crowd below seems more like mass Of
rapidly waving arms, the owners OF
which could not be distinguished.
May delivery Of wheat went to N.o51s
against Sl.0l% at the close last night.
May oats sold at 495se compared with
477sc at the wind up last night. Profit
taking on the part of lucky owners pre-
vented any greater advance, at least for
the time.
1t was general gossip that an increase
Of rs TO S5 cents barrel on flour would
be inevitable.
Four Cents in minneapolis.
MINNEAPOLIS, Sept. 22.-The defeat
Of reciprocity in Canada yesterday made
a wild opening on the floor Of the Cham
Der of Commerce here today and there
was an excited rush to buy wheat, with
few offerings. Prices jumped over 4
cents for both December and May De-
cember opened on a range Of llAc with
SlOS at the top prices. This was gain
of about 4 cents from yesterdays close
of SlO37s@1.O4. May opened at N.l1@1.12
against yesterdays close Of $1.O7%4l.O7S.
Prices showed a steadily rising tendency
and there was not g. sale made at less
than $10S for December and S1l2 for May
during the first hour. While supplies OF
wheat are large the demand for exceeded
the supply, although a large part Of the
buying was on account of shorts cover
ing. The millers bought only for actual
needs and made no hedging sales
DULUTH, Sept. 22.-Wheat at the open
ing of the market here this morning
made a violent jump of cents.
September reached Sl-104s. and closed
at 81 l01k, bid; December closed at $1OeX,
bid. and May at 81 1874, nominal
Three Cents in Kansas City.
KANSAS CITY, Sept. 22.-Wheat jumped
up three cents at the opening of the
market here this morning the sudden
rise being directly attributed to the de-
feat OF reciprocity in Canada There
was wild trading op the Board OF Trade
for half an hour followed by a gradual
subsiding
After the wild opening the trading in
wheat settled somewhat, but remained
fairly lively until the last hour. December
closing practically quiet at se7sc.
Prices Drop at winnipeg.
WINNIPEG. Sept. 22.-Thst Winnipeg
will not have for its wheat the market
that the reciprocity treaty. II adopted.
would possibly have opened up. was felt
bitterly by the local bulls today. October,
which closed yesterday at S1.OO opened to-
day at S9c and later sold at 9s7sc and 9Sssc
Flour Advances I'm st Louis.
ST. LOUIS, Sept. 2.--Flour prices ad-
vanced because of the defeat of reci-
proeity in Canada, % to 25 cents a barrel.
on the Mercants exchange today, soon
after the market opened Every sample
OF wheat on the tables was taken at an
advance of TO 8 cents a bushel The
futures market advanced in rapid
bounds. Traders said export business will
be stopped until the market can adjust
itself