Omaha daily bee., 1914-08-22
GRAIN And PRODUCE MARKET
Export Situation is Discouraging to
Traders in Wheat.
CORN is DRAGGED STILL LOWER
Market Rules TrActionaIIy Higher,
but Resting spots Were some
what Under Thursdays
Figures.

OMAHA. August q, 1914
Owners of cash wheat In different por-
tons of the west. southwest and east
were more or less discouraged yesterday
because OF the action of the market.
Losses were shown in futures OF lAd2hc.
In addition to the absence OF buying
power for the cash article. the sales
being only ie5,0OO bushels to millers, there
were liberal hedging sales not only here
but In the northwest against the wheat
that IS to come forward. NCT York re-
ported the CANCELLATION of twenty boat
loads, and on this wheat the exporter IL
said TO have had lnss. The export
situation Is disCouragIng at the moment
and Their Is little hlIel hood OF any inn
provement in the cash market In the next
week or ten days, II then. Russia is to
again become a shipper OF breadBtuffs to
Great Britain. and these shipments will
head off the wheat coming from farmers
Of the United States, and which has al
ready been sold to go abroad.
Many OF those who bought wheat fu-
lures recently In the market were on the
selling side In liberal way yesterday.
Whlle Liverpool was higher, the response
to the advance on Wednesday was feeble.
The spring wheat markets, which were
strong for several days, were weak yes
terday with sharp price losses for the
day. One message from Minneapolis said
that farmers were not selling wheat
freely on, the decline, while another re-
ported offerings as on the increase.
Corn FUTURES were dragged lower yes
terday by the weakness IN wheat The
market ruled fractionally higher at one
time during the session. but resting spots
were %qJac under yesterdays final fig
ures. There were general rains In the
corn belt, heavy In some places and
cooler weather prevailed practically all
over this territory. However, there was
buying yesterday by spectators who sold
spots wednesday, and IL was the popular
bellet that rams came too late in many
sections to help the crop. II was re-
ported that corn was being cut for fodder
In many Kansas countless and the Rock
Island report calls the Kansas corn crop
a half one with the blades drying up
without ears on the stalks
The disposition OF seRboard people to
back away from the cash oats after the
heavy business of Wednesday was one Of
the depression factors in the future mar
ket thursday. There was also further real
lzing OF an important sort and the weak
ness in other pits likewise had les effect
Resting spots were hc lower for the day
Cash oats were offered to the seaboard
at hc under the previous days figures
nut no local export business was reported
and cash sales totaled only l25 600 BUSH
els. Bids here for export were at stiff
prices but only immediate shipment was
wanted. Baltimore reported the sale of a
cargo of oats yesterday to Liverpool
Wheat was lc lower.
Corn was &c higher TO hc lower
oats were unchanged to hc higher.
Clearances OF wheat and flour were
equal to l,4l9OO0 bushels; corn 2S 900
bushels; oats, 242 900 bushels.
Wheat at Liverpool closed Nd lower;
corn, unchanged, nominal
Primary wheat receipts were 800 900
bushels and shipments i,173OOO bushels,
against receipts OF 1,0l5,O0O bushels and
shipments of $4,000 bushels last year
Primary corn receipts were 869 90 bush
els and shipments sos, 900 bushels. against
receipts OF $4,000 bushels and shipment
OF 223.COO bushels last year
Primary oats receipts were OF, 900 bush
els and shipments 1ll6,O0O bushels. against
receipts of l,l52,O bushels and shipments
OF $4,000 bushels last year.