Omaha daily bee., 1913-12-09
GRAIN AND PRODUCE MARKET
Market Prospects for Wheat De.
cidedly Bullish.
GOOD DEMAND FOR CASH GRAIN
Foreign Buyers at Chicago Are TAX
ing Large Quantities of Cereal
and Are Bringlns supplies
There Down Smaller.
OMAHA. Dec. s. 1918

OMAHA. Dec. s. 1918
The prospects are for a bullish set OF
statistics n wheat today. Worlds snip
lnents are likely TO De smaller than
looked for, with a good part destined for
the continent, q further decrease in the
amount on passage and there Is pos
sibllity of there being verS little change
in the visible supply. There are some,
however, who expect small decrease
1he condition OF the growing plant in
Michigan rs good. Farmers there are
marketing very little wheat.
There is still big open interest in the
December future at Chicago, and as the
owners of the December are also IN con-
troll of the cash wheat there, their po-
sitlon Is q strong one, while the position
OF the bears is anything but Pheasant.
The latter have only short time IN
which to even up their position and there
is a possibility OF their having to bid up
for the wheat wanted, as II Is Impossible
to secure the grain from the country IN
time for delivery on December contracts
mainly because of the high views OF hold
eTs.
There is likely to continue good de-
mand for cash wheat at Chicago ana else.
where. Foreigners are taking the no.
hard winter here in good quantities, ana
the stock Of that grain Is down TO much
smaller proportions. Conditions In Wheat
in Argentina are likely TO continue as
one OF the price makers. The news from
there is quite conflicting, and some OF
The items reflect the position OF the
sender of the message. The crop or tnet
country will doubtless be short OF last
year, but the best authorities there say
that the wheat fields are 50 seatteLeo y.
and many of them are so far away tnht
IL is impossible TO say as to the acreage
seeded or the probable crop. -
The big holders of corn in the Chicas o
market are disposed to secure avaiiaple sis
profits and get out of the market LOT
the time being These people reallze the
fact that manipulation is out OIL tne t
question, and that 1t is better 10 take
fair profits than to attempt 20 sauys.e a.Sia
the shorts and get themselves In trouole'
some of the shorts are said to nave set
tied privately with the longs IN Decern.
her. as the movement has been aLLnSs.
entirely cut off by wet ana uhiaVora"ie
weather throughout the belt.
The situation in oats is not as weak az
some Of the bears I'm that market nave
hoped for Chicago has had recotu e.s c
llveries OF the cash article on Soh.ihes, 49,,
and the strengthening factor mas n peen
thst most Of these oats are to be shlppeo
ont Of Chicago and that all sectiohs Vi
the country are to get them. .,,,a ,o
The provision market Will eontinue "a -
pivot on the demano ,, Ior - hogs at the
ieadtng western markets IL 70 se"s. =. 90 = !,
believed that the market Is no" =. /.
ovar-bouRht condition and that III a.
the longs attempt 70 ses r.ces changes
shorts attempt to cover Pi'
would be quite sharp: ,.,ohar '
S,, cory was 1k6b2c lower. .,o ooo
Saaaran Sasn nces; wheat and -four loOO'VV'
h,Ishels; corn, none; oats. none one highsr.
liverpool close; Wheat @u
COLI ,sTgso sTv wheat receipts were l,lVo.yvO
,,,,.hels and shipments 1.2S4. 600 ousne.s;
Sssinst receipts Of 2ls2,Oco eusneis ,ass vsaT sn
shipments Of 17T1ooo DSsneis %s9s 5000 700 bush
III Ina nna shipments 6s7. 900 bushels, agans.
sncsinss ~ 1.OS6, 900 bushels and ship"e"'1
81 $4,000 bushels last year. %, ooo h,,sh.
Primary oats receipts Up SO wsps srsheis, % against
sants elS ~ 100000 bushels and shipments
of bi1. 900 buhsels last year.
u 'AN' -.nr on uECTIPTS.