Omaha daily bee., 1914-07-10
GRAIN AND PRODUCE MARKET
Farmers Holding for More Money
for Surplus Wheat.
CORN CLOSES W1TH ApvANCE
yellow Cereal, In Face OF Heavy
Cash Demand, Takes Flight 60
Higher Level on Most All
Important Futures.
OMAHA. LnlY 9. 1914

OMAHA. July 2. 1914
Farmers OF the winter wheat belt are
refusing to let go of their surplus wheat
around the presen price. The large
handlers OF cash wheat, not at Chicago,
but in the southwest. claim they are un-
able to fiji the orders held by them, OWNS
to the Tightening grip on the now crop
being held by the producers. This Is the
case not only in the winter wheat country
but the small surplus In the northwest IL
being held for higher prices When the
fact Is considered that this country has
a promises of 990O0O.O0O bushels Of wheat,
and OF this amount 655 ,OOO.0OO are credited
TO the winter wheat states. II would seem
that there would be more wheat than
could possibly be taken care Of
IL must not be forgotten that foreigners
are in need OF the surplus wheat In this
country and that they have bought a
great deal more wheat on this crop than
Ing the same period. Some In the trade
believe that 65, ,OOO, 600 bushels have already
been sold to go abroad but the general
estimate of wheat sold Is not placed above
500O,000 bushels.
The wheat market at Chicago closed
with losses of 2s61bRo yesterday and rest
ing spots were at the lowest price seen
here. The trade was prepared for bear
ish government report, but Il was q little
more bearish than some believed II pos
sible.
News from the spring wheat country
was OF about the same kind as that re-
CeiVed for several days, with scattered
but unCOntirmed reports OF DlaCh rust
In the country There were many reports
of red rust. but no damage was claimed
by either except In scattered districts.
One or two of the best crop experts now
i'm the spring wheat country says that
the plant is too far advanced to be hurt
20 any extent by these plaques
Corn closed at advances OF AubC yes
terday. Special strength was shown in
the July, which was difficult 70 secure
while September ruled relatively urmeI
better cash demand and this helped the
situation more than did the covering OF
shorts. Reports from west OF the river IN IN
dicate decidedly greater interest," from
feeders Cash markets were higher. 40
vices received from Philadelphla say ,Ia,I tnaS
a parcel OF corn received Sne enepdition'
Cash sales of corn were $1,000 bushels.
Oats showed gains OF hq9sc TOT nearby
futures, while the deferred were &c loMeI.
Realizing transactions ON the advance
was the feature. Crop reports from In
nois were less favorable and country OF
ferings were lighter. A..
Hogs at the yards were higher and the
provision market was stronger. Pat
Cudahy, the well known milwaukee,
packer, was at Chicago yesterday and
was quite bullish on provisions. There
brokers who generally act for the pack
ing interests.
Cash wheat was unchanged.
Cash corn was AG1L3c higher
Cash oats were &c higher.
CleArances were 1000 bushels OF corn
1900 bushels of oats and wheat and flour
equal to 10000 bushels.
Liverpool closed Sq%d lower on wheat
and AGasd higher on corn.
Primary wheat receipts were lO02, ,O0l
bushels and shipments were 643, 900 bush.
els, against receipts last year OF 791, ,O0
bushels and shipments of 46l 600 bushels
Primary corn receipts were $4,000 bush.
els and shipments were $4,000 bushels
against receipts lost year of 405, 900 bush.
! els and shipments of Dos, 900 bushels.
Primary oats receipts were 45S 600 bush.
els and shipments were $4,000 bushels
against receipts last year of 5t5, 900 bush.
els and shipments of 700 600 bushels
CApJn u ISfsITTI1u-S