Omaha daily bee., 1912-08-02
GRAIN And PRODUCE MARKET
Big Demand for New Wheat is Mani.
tested in the Eastern Ports.
STRENGTH SHOWN IN CASH CORN
Immense Oat Crop VIII soon Be
Moving Mt Rapid Rate-LOwer
Prices Are Then to BE
Looked for.

OMAHA, Aug. l. 1912
with the present remarkably demand
Ior cnoiee new wheat on the part of ship
pers. with exporters selling from fifty to
q hundred loads daily at the seaboard
the indications of a falling off in the
movement Is shown by the drop of car
receipts to this market and the concen-
trated holdings Of September wheat by
the bulls at an unusual discount under
the level Of the cash prices. The only
reasonable conclusion is that the market
may sag or work gradually little lower
uhoer the most flattering northwest re-
ports, II they are received. Leaders see
niue chance for anything in the nature Of
an important break Such situation en-
coarages buyers on the depressions
caused by profit taking on long wheat
or local bear pressure. The July option
closed with one of the widest trading
markets seen in years. that option break
ing from $lO to 92lac. Cash wheat was
unchanged.
frlmary receipts of wheat were LASS, 900
pu' against receipts last year of l.O32, coo
nu. and shipments were Sl5,09O bu.
against $4,000 bu. last year; corn re-
ceipts were $4,000 bu. against SO 900 last
year and shipments of $4,000 bu against
"5s'W@0 So @ bu. last year: oats receipts We're
4OS.Gco bu. against 6S2,000 pu. last year,
and shipments Of 2Sl,0O0 bu. against 3t3,O 900
ou, last year.
Inc Key TO the speculative situation in
corn Tor the present appears to be the
strength IN the cash property. With July
out OF the way the cash level is so much
over the September price and holdings for
th9t month IN such strong hands that
sellers will fight Shy under condition
changes. The situation may get even
more bullish for the early months II good
cash demands still exist For the De
cember and May options the influences
are different. depending almost entirely
on weather and crop reports. The dry
weather scare of few days ago appears
to be modified a little because of better
temperatures. Much Of the corn belt
needs rain badly. Cash corn was I'M
changed to &c higher.
There is no new feature in the oats
market. We have raised an immense
crop and 1t will soon be moving to the
market in large volumes, and 1t Is thought
that prices will work to a lower level.
Cash oats new. &c lower; old, unchanged,
Clearances were corn. 5000 bushels;
oats, 1900 bushels; and wheat and flour
equal to 100000 bushels.
Liverpool closed with wheat I'D lower to
!sd higher and corn sGhd higher.
Omaha Cash Prices.
WHEATmNo, 2 hard, s7@sshc; No
hoi tNO, ' ndiu, opqcue'
CORN-No white 7s1aQ77c; No. 8
white, 1sa7s]ac; No. white, 7tq7Asc; No.
yellow. 74c; No. 8 yellow, 7SAq73%c; No
yellow. ssq72c; No 2. 7sAa73Ac; No. 5,
1SG7shc; No 4, 70G7lc. no grade. 6947014c
OATs-No 3 white, 32@44c; No. white,
M044c.
BARLEY-Malting, 6O@7oc; No. feed.
34345c.
RYE-No. 2, 6oa7ac; No. 8, s7aSoc.
the following cash sales were reported: /:
Wheat; No hard winter, car, dark.
sSEc; car, SiAc; 6 cars, Ssc; cars. 87&c;
car, &1ac. No. 8 hard winter, l car.
6&c; cars. SIC; car. rough mixed,
S6hc. No hard winter, l car, SEC. Corn:
No white, car, TIC; car, 7s1sc. No,
white, 8 cars, 76l2c; 8 cars, 76c. No. 4
white, ! car, 7411c; car 74c. No. color,
car. 7214c; No. 2 yellow, car. 74c; No,
yellow, car, 73a4c; 10 cars, 731hc. No.
yellow, Q cars, 72c; car, T1ac car.
poor, 7sc. No mixed, l car, 7S1ac; l
car, 7SAc; car, 73c; car, Tic. No
grade, 7O4c; car. soc, Oats: No. 8
white, l car, 44c; cars, new, S5c; l car,
33a4c. No. white, car, 44c; car. 4oc.