Omaha daily bee., 1914-07-16
GRAIN And PRODUCE MARKET
Short Interests in Wheat Largest
Ever Known in Chicago.
CORN SUFFERS SOME LOSSES
Trade switches over co Rear side
OF Market. with Liberal offers
aud the BuyinE slow
and Cautious,
OMAHA. July l5. 1914


The short interest in. wheat is the
largest ever known in the Chicago mar
ket And to make matters more binding
values without a thought. seemingly. OF
a day OF reckoning. There Is an end 70
all proceedings, however. The present
upon sooner or later TO even up their uo-
siton. Many shorts will be enabled TO de-
liver the grain sold, but there Is an army
OF shorts who must 60 into the pit and
buy enough grain to place themselves in
an easy position,
suppose there is a rush OF shorts to
cover. WIN the wheat be Rvailable2 That
is now the question that the long or
"bull-tor- a-scRlp is giving more thought
than Is the bear shorts. There are huge
quantities OF wheat to come forward ana
II will be received some time, but Will it
be In position for delivery either IN
July or September? There are many IN
the trade who believe shorts In wheat Will
encounter a few stumbling blocks In the
way OF short supplies before they are
out OF the speculative woods. The dyed
in-the-wool bears have made money on
trouble in changing their paper profits
to real ones.
curb last night and the talk centered
in the shortage in wheat in this market
The more daring bears volunteered the
opinion that wheat Ia still sale on all
the hard spots aud one may infer from
these opinions they intend to put out short
lines. one OF the larger concerns In the
wheat trA0o ANNlHeu lnelI NuhluHlNNS laEA
night to continue TO sell on the advances,
while another equally large and conserNa.
tive firm advised against selling around
present prices, following the Ions drawn
According to the last trade bulletin
In its annual statement the movement OF
wheat from the farms OF the United
States during June was S,O0VOO bushels'
Total wheat now in the hands OF farm
ers is 80. 2S6,0O0 bushels, compared with
IS. S.5l5,Oo bushels one year ago. ..,...
Corn suffered further losses yesterossy,
the closing showing declines of SQlc Tor
the day There were many influences that
we're against the price. The trade seemed
to have changed to the bear side OF the
market almost completely. There were
liberal offerings for the day. while the
buying was slow and cautious. The only
rain in the corn belt was In Indiana and
Ohio, but 1t was cooler in Illinois and
Iowa. The North Dakota corn crop is
estimated at SS,500,000 bushels, compared
with 100000 bushels for q nVe-year aV-
erage
price of July oats yesterday, and SHARP
declines were RlRo shown In the deferred
deliveries. The poor demand for cash
oats and extreme weakneSs In that mar
ket, coupled with the increa5ins arrivals
OF new oats and good grading OF same
threw the holders OF July oats into
despair and nobody wanted the grain.
A reaction in both prices and business
featured the trading In provisions, a
break in hog values at the yards and the
more liberal hog receipts caused early
selling and prices weakened
Wheat was 1tc higher.
Corn was unchanged to lc higher
Oats were Nc lower
These sales were reported today-Wheat'
No. 2 hard winter l car, 72tSc cars,
72Ac; car, 72c cars. 7litc; l car. 7l%c.
No. hard winter. ] car dark, 7Sc;
car. 7lhc Oats: Standard, / car, 5c. No
8 white 4 cars, 3414c. No. white, cars
s4Ac Corn: No white, 1 car, I4hc;
car, 74c. No. 2 yellow, 5h cars, Csc. No.
yellow, ! car, CSC; 1 car 6hc. No.
yellow. ! car, 661sc No. 2 mixed. cars
67Ihc / car, SIC No. mixed, 1 car (neaI
white), tic; ? cars, SIC. No. mixed. \
car, 68Aac.
Ciearances were: Wheat and floul
equal to 6l5, 600 bushels; corn, 5000 bush
| els; oats $1,000 bushels
| Liverpool close: Wheat se6GAd higher
corn 7sG1d higher.
| Primary wheat receipts we're 2.694,0o
! bushels and shipments 1,4l3.O00 bushels
| against receipts of 1,32s,oO0 bushels ane
shipments or 650000 bushels last year.
Primary corn receipts were 4ol,VO
bushels and shipments $4,000 bushels
against receipts of $4,000 bushels anC
shipments of 2S1,00 bushels last year.
Primary oats receipts were I67,0O
bushels and shipments $4,000 bushels
rgainst receipts OF $1,000 bushels and
shipments OF 1900 bushels last year.
n