Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1914-08-09
GRAIN AND PRODUCE MARKET
Many Spectators in Wheat Abiding
by the Bull Side.
CORN Is RULING STRONG
OeteriOrRtiOns of Growing Crop of
yellow Cereal Helps Boost the
Price on All Future
Options.

OMAHA. Aug. S, 1914.
For a long pull, the most successful
spectators in the trade make the stand
that the bulls in wheat market is the
correct one. As viewed from an impartial
standpoint, however, the writer believes
that 1t will be an uphill fight TO estab-
fish higher prices until such time as the
exports increase to 100000 bushels of
wheat or more. Those who look for high
prices point out the fact that the countries
engaged In warfare will be unable TO
seed crops and that they will not only
be forced TO make large purchases froiu
America during this crop year, but that
this buying will have TO be kept up dur
ing the next crop year and possibly dur
ing the two succeeding crop years.
Those who view the situation surround
Ing the wheat market from the standpoint
of bear say that England will have to
import 2l00Oo,0Oo bushels wheat during
this cop year, and that while our spring
wheat will commence TO move in fort
night the condition wheat will be ready
Tor shipment in three weeks And that
II is well known fact that England will
give its possessions preference over the
wheat raised in the United States.
Corn was the principal market Of the
day and ruled quite strong under short
covering, because OF the unfavorable con-
dltions, and advanced 12sc for the day.
Enormous reports of corn deteriorating
rapidly met confirmation in the govern
ment report yesterday. This estimate
showed a shrinkage Of nearly 100000, 900
bushels In July. and coming on top of q
short crop last year, is liable to bring
about tight situation later in the sea-
son.
More activity was displayed in the oats
market yesterday than IN any OF the
other pits. Prices steadily advanced and
closed with net gains OF 1qlAc. There
was large volume OF ney buying from
the outside, based on the belief that oats
are. zoo cheap as compared with other
grains. Cash oats are selling ct almost
double their usual discount under corn
and tho general feeling is that this diff
ference should narrow up materially,
A material Improvement in the demand
for cash product was the most encourag
day. This demand is entirely domestic
in character and IL there is any foreign
buying tho packers are keeping the fact
we'll concealed. Prices in the future mar
ket we're again sharply higher, although
the disposition to realize ON the bulge
cost values a good part of their gain.
Hog prices were 25c higher and there
was a sensational advance in Liverpool
spots. Bacon there was l0Gl9 shillings
higher. hams L higher and lard 49,
Wheat was 2kd3HSc higher.
Corn was 11z92ac higher.
Oats we're 1q1hc higher. -. -
Clearances on corn were 26,OOO DusnelS
oats 5000 bushels and wheat and floul
equal 10 5000 bushels
There was no market at Liverpool.
Primary wheat receipts were l,9OVg
bushels and shipments 1,595,OOC bushels
against receipts last year of l.6l5gN
bushels and shipments of 1No,OOO Dusheis
Primary corn receipts were 4O5,WO bush
els and shipments S7l'oo0 bushels egalns,
receipts last year OF S9l 600 bushels and
shipments Of 10000 bushels.
Primary oat receipts were 2,Oll,O bush
els and shipments $4,000 bushels agains
receipts last year of i,276,000 bushels am
shipments Of $4,000 bnshels;