Omaha daily bee., 1913-12-18
GRAIN AND PRODUCE MARKET
Pit Talent Asserts that Market is
Being ''Pegged."
CORN CLOSES AT HIGH POINT
December Delivery is the strongest
Spot, Followed Closely by the
Options for May of Next
OMAHA. pec. n. 1sia.

OMAHA, Dec. IL. 1913.
The talent in wheat were complaining
again yesterday of the market being
''pegged" between certain levels and OF
the bull interest securing profits above
and below stipulated figures. They also
complain that II is an lEpossibilty to
mead off these people, as they own enough
OF the futures as well as the cash to be
able to control the price from day to day.
The wheat market again narrowed
down to disgustingly narrow limits. and
the volume of business was confined al
most wholly to the room traders These
spectators are satisfied with following
the larger traders in the advances and
declines, not being willing to sci or buy
line and stand on It, These dull seasons
are seen from time to time, but they are
seldom as dull as at the present
There is little on which to bull wheat,
and while there is considerable on which
TO bear II. there is no one in the trade
with the necessary backbone 70 put out
a big short line. John Barrett was the
big bear for time, but he is now In the
camp Of the opposition, and, really, he
looks out of place, his face presenting a
woe-begone appearance. Unless there Is
change for the better this old time spec
ulator is more than likely to be seen
again leading the bears in wheat. He
has following, not only in Chicago, but
In the smaller markets of the country.
because of the fact that when he at
tacks values he goes at II in a hammer
and-tongs fashion and gets results.
message from --innipeg said there
were big sales of wheat there yesterday.
all rail to the seaboard, and that the
purchases of foreigners during the last
TWO days were on large scale.
Corn closed at the high point OF the
day and surprised even it's friends by
reacting from the early low levels. The
December delivery was the strongest
spot but Il was closely followed by the
May. outside markets reported a bet
ter business in cash corn. One of the
surprises for the day was the message
read here by Shearson HarmiT. giving
the eXportable surplus of corn in Argen-
Tine at S00.OOO,O0 bushels. cargo of
argentine corn was offered c. l. r. the
eastern seaboard at 70c JANUARY ship
ment, while the last sale was at 73c.
AS IN December corn, December oats
We're strong, and II looked as IL there
was lingering short interest in that
future. The difference between Decem-
Der and May narrowed somewhat yes
terday.
While the provision market averaged
higher yesterday because OF smaller Of
ferings and covering by shorts, in addl-
tion to this the volume OF trade was
much larger. Many of the larger hold
ers, especially the grain men, Huuldated
early In the week and the offerings were
small yesterday.
Cash wheat was unchanged.
Cash corn was 59d2c higher
Cash oats were Isc higher
Clearances were: Wheat and fio,,r
equal to s2&OoO bu.; corn, 1900 bu.; osts
5000 bu. '' No's'
Liverpoor closed with wheat Jhd higher
and with corn %dSsd lower
Primary wheat receipts were Sse 900 bu
and shipments of $4,000 bu., against re-
ceipts Of 1,32S, 900 bu and shipmants 90
517.o00 bu. last year VI
Primary corn receipts were 2,13s,0OO bu.
ana shipments were $50 900 bu, against
receipts OF 1,S29,0O0 bu. and shipments Of
Al,O00 bu. last year "a
Primary oat receipts were $4,000 bu.
and shipments $4,000 bu, against re.
640OOO bu. last year. "