Omaha daily bee., 1914-06-15
GRAIN AND PRODUCE MARKET
Grain Houses Financial Difficulty
Clouds Markets.
SPECULATION HAS BEEN HALTED
Report of La ssIIe Trust COmpany's
Failure stops Traders Until They
Got Favorable Word from
other banks,

OMAHA, June Is, 1914.
The financial difficulties surrounding
the La. sale Street Trust and SAVINGS
bank and the consequent failure OF sid
ney Long 4 Co. to meet their debts In
the Board of Trade clearlng house was
against the grain markets. There was
a feeling OF unrest and many were anN-
ious TO throw their grain into the pit
and walt until tho financial cloud hRd
passed before making new commitmohts'
The fact that g, u. Munday, wee presl-
dent OF the La Sale street bank, was
reported as the controlling interest IN
the grain house which was In financial
difficulties proved to be the principal
factor favoring the bears,
The open interest OF sidney Ions
Co. In the market was not large, ane
the suspension Of that concern was halo
to have been because OF their inapllty
TO meet the debit sheet in the ChiSaSO .D
Board OF Trade clearing house, their
money being tied up In the La Sale PAIN.
There was partial halt In speeulatoh
In the various markets Following the ~ ~
nouncement OF the financial aiiIiSo,,,S5 ar,ed
OF the bank and the grain house relerISu
to above. The announcement tha' the
banks OF Chicago on the whole are IN
healthy condition steadied the markets
little The rains in kansas over lis s,o no
caused some buying of wheat durlnk tne
early hours. as 1t was feared by snoESs
that wet weather would cause nai' ~
the harvesting and that the eNpeeteu TO
ceipts void fail to put In an appeaI allue {,
purchases of new wheat in the south"est
yesterday and this was fully ottset ps
the sales to 60 abroad, hNport oius, hVN w,
ever, were reported out of line AZ Cm-
cago, but the seRboard houses claimed
there was fair business being done not
only in our own new and old wheats' out
in Canadian wheat as well
The corn market was weak ana lower
yesterday. Sentiment was bearish, which
was the result of more favorable eondi-
tions in Argentine. The cash sales here
We're small. Longs in July corn at Liver
pool were free sellers in the belief that
the receipts there during the next month
will be on a larger scale than for some
time.
oats suffered losses In sympathy with
the weak spots in wheat and corn. The
market was active and the best prices
of the DAY were reached early. On the
hard spots there was liberal selling by
longs and the buying was led by shorts.
Rains over part of the oats belt combined
with the weakness in other grains had a
depressing effect.
The provisions trade was confined to a
few interests and business was only mod
crate in consequence. Hogs were up 53l0c,
which induced some investment buying.
The selling was largely local and was
In part influenced by the weakness IN
grain. Picked meats reported as fairly
active, but other descriptions as we'll as
lard were slow sales.
Cash wheat was h0D1c lower
Cash corn was unchanged to Nc lower
Cash oats were h@14o lower.
Clearances Wheat and flour, $4,000
bu.; corn, 1000 bu.; oats, $1,000 bu
Liverpool close: Wheat. sd lower;
corn, unchanged to I'D higher.
Primary wheat receipts were 267, 900 bu.
and shipments 627,000 bu,, against receipts
of 6S80O0 bu. and shipments of 66S, 900 bu.
last year.
Primary wheat receipts were 733,0O0 bu.
and shipments 4l5.000 bu., against receipts
OF 1,S71,000 bu. and shipments of Sl2,0OC
bu. last year.
Primary oats receipts were 5000 bu.
and shipments 695,0o0 bu,, against receipts
OF Loss, 900 bu. and shipments OF 0o4,00t
bu. last year.