Omaha daily bee., 1914-07-04
GRAIN AND PRODUCE MARKET
Influences Surrounding Market is
Mainly Of Bullish Character.
WHEAT SHOWS SOME ADVANCES
Cereal Climbs Higher when sup
ported By Buying from the
Large Concerns HandlinR
the Product.
OMAHA InlY 3. 1914.

OMAHA, July 3. 1914
There was a strong desire on the part
OF many In the wheat trade TO see an
advance in values following the long drawn
out price recession They were helped
materially by shorts covering because OF
the approaching holidays. The influences
surrounding the market were mainly
bultsh, but some of the reports received
from the likelihood OF deterioration In the
spring wheat country were far fetched
indeed. There were half a dozen reports
telling Of deterioration because of red
rust and black rust was reported from
Wilmot S. ID.
Charles e. Lewis, the Minneapolis grain
man, in a message says there IL no black
rust In that country; that the weather
has been unfavorable for the develop
ment OF black rust; that II was nearly
down TO the frost line every night in
June, and that In Manitoba there. was
frost every week daring the last thirty
days.
The price Of wheat at Chicago showed
advances of 1h@1kc. and the continued
buying OF the July future made the close
observers take to the bull side, not only
Conditions suggest the wheat market at
the present time are abnormal. Only
big scalp is intended but larger concerns
now to be seen on the bull or long side,
and there is a likelihood that the short
will be forced to cover at losseA The
strength shown at Minneapolis yester-
day was help to the markets OF the
entire world. Liverpool was up 3fdlNd
and this was on a lack OF deliveries there
and the covering by London shorts The
continent was a buyer OF wheat at Liver,
pool with fears OF the present political
complications between Austria and Servia
being frightened.
Corn was irregular and unsettled. with
the nearby futures nc higher and the
more deferred months unchanged to lc
lower. Tho room trading element In
corn sold II freely and there were recess
sions two or three times during the day
on this selling. The inspection question,
which gave so much trouble TO re-
ceivers and shippers on Wednesday
seemed to be less confusing and the grad
ing was more in the old basis than that
was only fair, total sales being 100000
bushels. Local sentiment was still bear
ish and there is little doubt but what the
market win again become oversold.
A much better tone was apparent in the
oats market, with offerings we'll absorbed
by a strong local elevator interest. The
grain to come out was scattered inter
ests. Rust reports from Iowa and Ne
braska mere numerous and more in-
sistent.
The western packers were on the buy
ing side of provisions early and this
bought freely and there was some buy
ing on short account.
Cash wheat was unchanged to hc
higher.
Cash corn was unchanged to Ne higher.
Cash oats were unchanged to hc higher
Clearances: Wheat and flour 606OO0 bu
corn, mono; oats, 1900 bu.
Liverpool close: Wheat, k9bc higher;
corn, No higher.
Primary wheat receipts were 557OOO hi
and shipments 1.O16,000 bu.
Primary corn receipts were $40 900 bu
and shipments AZ, 900 bu.
Primary oats receipts were 200 bu
and shipments $3.50 bu.
L y ON