Omaha daily bee., 1912-09-18
GRAIN AND PRODUCE MARKET
There is Good Fighting Element
in Local Wheat Trade.
CORN RESERVES ARE UNKNOWN
The Expert Oats Demand Has Given
Out and Stocks Are Now Ger
tain to Accum ulate--Fea-
lures of Trade.
OMAHA, Sept. II, 1912.

OMAHA. Sept II. 1872
There is good fighting element in the
local wheat trade which believes In
some further hardening of prices based
on later demands from the other side OF
the ocean because of the serious damage
OF both the United Kingdom and the
continent from wet weather at harvest
time. This argument loses some of It's
force by the fact that the export de-
iiiand at present is slight. Local bears
are the most confident. believing that
the continued heavy marketing Of spring
wheat and the accumulation of stocks
Will sooE cause important hedging sales
In the Chicago market and give the
trade more OF load to carry. Certainly
II is reasonable to expect Canada and
Russia to offer wheat cheaper to Europe
from this time on. Cash wheat was un-
changed to 10 lower.
the extent OF old corn reserves In the
territory Of Chicago and whether or not
the present heavy receipts can continue
The feeling seems to favor steadying
Of the cash market at the present level.
This theory leaves the trade to fight 1t
out In the new crop months strictly on a
weather basis. The weather map is
largely cloudy, although much lower
temperatures are reported In some quar-
ters Of the west and southwest. 1t 10
not expected that there will be any frost
scare, as the weekly forecast indicates
warmer weather
A safe finish of the big crop naturally
causes bear1sh feeling. but traders con-
tinue to advise a conservative buying po-
sition In December corn because Of Its
great discount. under September and old
cash corn. Cash corn unchanged to Nc
higher.
The export demand for oats has given
out and stocks are sure to accumulate
fast. Except as steadied ky other mar.
kets, the tendency should be lower fol
the later months. Cash oats AGp1ac higher
Clearances of wheat were 81 900 bushels
corn 10000 bushels and oats $1,000 bushels
Liverpool closed with wheat unchanged
TO hd higher and corn unchanged to %d
higher.
Primary wheat receipts were 2.742,Oo
bushels and shipments OF 1,S07 coo bushel,
against receipts Of l06e,0OO bushels ant
shipments Of $4,000 bushels last year.
Primary corn receipts were 1.03S0 00t
bushels and shipments Of 1,062,0O0 bushels
against receipts of $4,000 bushels anc
shipments Of $4,000 bushels last year.
Primary oat receipts were 1,24s,o0O bush
els and shipments OF 1070.000 bushels
against receipts of $4,000 bushels ant
shipments Of $4,000 bushels last year.
The following cash sales were reported
| Wheat: No. ? hard winter, 2 cars, Sc
| Nc. hard winter. cars. $50; car
@&c; 6 cars, SAC. No. hard. SIC; car
SIC; car, Sic; l car, soc. No grade, I
car, Sic; car. 7sc; car, Tee. No.
mixed durum. / car, Sc No. / spring.
car, s2lsc. Corn: No. white, car, SIC
No. yellow, cars, 67Ac, No yellow
4cars. chic. No. mixed, / car, SIC. No
2 mixed, car, &c; / car, 66Ac. Oats
No. 3 white, car. 3lhc; 7 cars, siNc
No. white, 3 cars. Slc.
| Omaha Cash Prsces.
! WHEAT-No. 2 hard, S41kRsshc: No.
hard, ShQsSAc; No. I hard, 795x9S4c.
| CORNING. white, roc; No. white
6SH@eshc; No. white, 66h@67c No.
yellow, 67Ac; No. 3 yellow, 67K6s71kc; No
yellow, e6h@s7c; No. 2. 6sNa67Ac; No.
661tGD67c. No 1. 65lsg66i4c
1 0ATs-No. white. 3l%@32c: standard
3fisfsi&c; No. white, 31AQ8112c; No.
white, 3OAQSic; No. 8 yellow, SO%9S1c.
| BARLEY-Maiting. 6O985c; No. / feed
i35GEaBc.
| RYF,-No q e7c. No ea67f1c