Omaha daily bee., 1914-06-16
GRAIN AND PRODUCE MARKET
Weather Conditions Closely Watched
by Market Sharks.
BEARS CLAIMING ADVANTAGE
New Low Prices Made Last week for
wheat and Cash Handlers Are
Predicting Further Im-
mediate Declines.

OMAAtAt dhNt ~ WV
The wheat market at Chicago, as well
as elsewhere. will from this time forward
be governed entirely by weather condi-
tions throughout the southwest. Later
the weather in the northwest Will prove
help in the making Of Lsses. With
favorable conditions In the winter Nheat
country the movement OF that grain VIII
sR nave sssb Ss made as 81 wheat
to come to Chlcago. as well as to the
markets of the southwest. This grain
will be felt in the pit and It VIII be a
they attempt to hold prices UP around
the present level. II would be an IDLE
claim to say that there is but one side
TO the wheat market at present, as there
Is likelihood OF a change in conditions.
The weather has been entirely too favor
able In both the great wheat belts 70 con-
tinue, and any change will be Tor The
worse.
The Oklahoma wheat crop will, It is
said, total S0000,000 bushels and a very
shipment outside Of that state The gulf
ports will be able to secure a good oeal
OF this grain for shipment abroad and II
is now said that large Gales have been
handlers Of wheat reported the offerings
from all OF the winter wheat belt as large
as on Satul day, with sellers willing TO
meet the views OF buyers.
New low prices for wheat were made
last week and the cash handlers are ad-
vancing the opinion that further declines
may De looked for during the coming
week. An old time bear In the wheat
trade says that in his opinion the produc-
ceed all previous records by $4,000, 900.
This, he saws, will make record sur
plus, permitting the expectation OF pos
sibly 800, ,0V00O0 bushels out of the country,
A set of bullish statistics are likely to
be seen today. Indications point TO Q
heavy reduction in Chicago stocks.
The mouthpiece of James A. Patten, In
referring to the wheat situation, says that
a market which has been so depressed
| as has Chicago for the last eight days is
naturally slow to recover. especially az az
one which is likely to be free u favorable
weather conditions prevail. This author
ity says that the entire wheat crop is not
expected to move at once. or TO be hedged
! in single week or a month, and that The
first movement OF the new crop Is likely
to be wanted to fill milling and expert
will not be the weight on the market that
| speculative short sellers expect
The apprehension because OF diy
weather in sections Of the corn belt early
last week were partially relieved. 1t has
been popular, however, to stand on.
line Of corn and refuse to be dislodged.
the oats belt and this has been some
what against the price. The business
has been mostly professional and those
with profits have eagerly secured them.
Increased receipts of hogs at the west
ern markets are expected this week, but
this, 1t is hoped. will be fully balanced
by improved conditions surrounding the
market for salted meats. Lard, however,
is expected to continue slow.
These sales were reported: Wheat, NO
hard winter. 3 cars SIC; No. 3 hard win
ter, 1 car S61lc; No. spring, car Hhc
OATS Standard, l car SS1c; No. white,
10 cars Sskc; No. white, cars SSc, 2
cars S7%c; no grade, / car SIC. Corn: No.
2 white, cars 6e1kc; No. white, cars
6eILc, cars 6oc: No. white, cars 611c;
No. 2 yellow, n cars CSC, car 67%c; No.
yellow, le cars 671sc, 1 car 67Ac; No. 2
mixed, 6 cars SIC; No. mixed, cars
(near white) SIC, car (near white) 6o&c,
II cars 661zc; No. mixed, car 6c, cars
66hc; no grade, car &c.
Cash wheat was &c lower.
Cash corn was unchanged to &c lower
Cash oats were unchanged to Nc lower.
Clearances were 5000 bushels of corn,
none Of oats and wheat and flour equal
| to 26l, 900 bushels.
Liverpool closed unchanged to Nd lower
on wheat and hGfStd higher on corn.
Primary wheat receipts were 429,OOC
bushels and shipments were 900 bush
els. against receipts last year OF 104O, ,oOt
| bushels and shipments of 100000 bushels
Primary corn receipts were Loo, 90,
| bushels and shipments were b96, 600 bush
| els, against receipts last year of 0,OOC
bushels and shipments OF 10000 bushels.
Primary oats receipts were T4. 900 bush
els and shipments were 7A,0O0 bushels
against receipts last year of 1,2S,0O0 bush
els and shipments of 699, 900 bushels.
- NJ aWnTy yWsVW