Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1914-08-08
GRAIN And PRODUCE MARKET
Cash Wheat Heavy as Lead Under
Bearish Conditions.
CORN GOES TO HIGHER LEVEL
yellow Cereal StnI climbs In Price
and g. Being Helped In las
strength by the BuIginG
wheat Market.
OMAHA. Aug. !. 1914

OMAHA. Aus. Z. 1914
When the fact is noted that there were
heavy purchases OF hos and beef products
~ eSnnsd meats S mar arr V aeIlInS 70 tSs .oun
purpose Of feeding their soldiers that
there must be opened an avenue on the
seas through which breadstuffs and pro-
visions may be safely shipped.
There are bearish conditions surround
ing the breadstuffs situatlon, however,
That mast be overcome, Cash wheat is rs
heavy as lead. There was no new export
business in any position yesterday and
there were cancellations OF cash grain
make shipments OF grain to the old world.
The British grain trade, according to spe-
ciRl cables, feels more confident OF the
situation Flour In that market was ad-
The wheat market. while showing gains
of hi1&c yesterday, was quite errate
The opening was distinctly there, and this
was followed by a rally OF &c on the May,
And while all prices at the close were
higher, the deferred futures showed the
greatest strength. The Northwestern
markets were stronger than here.
a feature OF the cash wheat market
was the order 20 divert many eargoes OF
wheat TO Buffalo and New York and
which were intended for Montreal.
Prices for corn climbed to stin higher
levels, with closing figures ilsql}se higher
Rain In some sections OF the belt caused
a little selling at the outset and weak.
ened prices, but quickly rallied and
steadily advanced. Tho bulge In wheat
cash corn and continued unfsyorable
crops advices. There was much new
buying yesterday and offerings were
light all through the session. Tho east
was again buying cash corn here in larEe
amounts and shippers were torSed to cur
tail their purchases because the country
is sending In such light supplies.
Higher prices were also established IN
- Al. uFsaG
gains OF about cent over the previous
close but there was considerable reaction
from this level, There was y good gen
eral trade, with locals the best buyers
Longs were disposed 10 realise on the
pressure that the market owed It's re-
action.
Shorts in provisions we're in veritab,e
panic and forced prices UP sensationally
The absence OF offerings was compare
sale s ali through ugh the session. This. with
the sharply higher hog market. small
receipts and prospects of selling large
than s0fficien, 10 create buying scare. In
addition to the short covering the pack
ers were buying and there was more
mp mise sns outside eau Tor PSodoeti
closed $40 higher. The recent heavy de
clines In hog values have checked ship
ping and receipts at western point
totaled only $500. as compared with g.
800 year ago.
Wheat was unchanged to lie higher.
Corn was unchanged 70 nc higher.
Oats were " to &c higher.
Clearances of wheat and flour were
equal to 900 bushels; corn, 5000 bushels
oats, 81, 900 bushels.
Primary wheat receipts were $50, 900 blu
and shipments of LOTION bu.. against re.
ceipts OF 1.SS2,0OO blu. and shipments OF
$4,000 blu. last year.
Primary corn receipts were $4,000 bu
and shipments $4,000 bu., against re-
ceipts of 403 900 bu. and shipments OF 2e2,
coo bu. last year.
Primary oats receipts were $4,000 bu
| and Shipments SIS 900 bu., against receipts
| OF 1.i67. 600 blu. and shipments OF 464,0OO bu
last year