Omaha daily bee., 1914-05-28
GRAIN AND PRODUCE MARKET
May Futures of Wheat, Corn and
Oats Somewhat Congested.
SHORTS ARE AT LONGS MERCY
Many VIII Have 60 Go Into the Pit
and Buy Mt High Prices or
Else settle with Holders
of the Option.
OMAHA. May q. 1914

OMAHA, May ~, lSlA
The one word congestion" places the
May future OF wheat, corn and oats be-
fore the reader who will easily under
stand the conditions and circumstances
surrounding this month.
There are many shorts In these htree
cereals who would be pleased TO even up
their positions without suffering losses
but IL seems that those who are short
any OF the May grains will be forced TO
go into the pit and buy or settle privately
There are always two sioes 10 any Ques-
tion. The shorts In the various grains
put out the lines with the expectation
that they would be enabled to even up
their position and secure profit In
this they have been mistaken, They ex-
pected that there would be goodly
movement OF the various grains and that
this would permit them TO secure Il and
make deliveries. instead of being forced TO
take losses.
Some of these shorts are complaining
bitterly OF present conditions, but there
Is little room for them to censure those
who accumulated the lines and who now
have the best of the bargain. IL must be
remembered that in wheat the May fu-
ture is an old crop month and that II
Is worth a great deal more money than
the new crop month.
G. A. Neninga, a we'll posted grain man
| OF St. Louis, who was here yesterday
and appeared before the membership
commit tee, advanced the opinion that the
receipts of new wheat will not be as lib
eral as generally looked for and they will
not be as early as expected. He says
that great deal of the new wheat will
be absorbed by millers whose elevators
are down to bedrock and that this de-
mand will cause smaller receipts to be
seen at the larger points OF distribution.
In speaking OF the crop damage in Mis-
souri, he said that he had carefully ex-
amined great many wheat fields and
that the losses in that state will be Sc
we're. But that the losses In Missouri,
as we'll as In Illinois, were confined TO a
territory that could not be called small,
and yet IL was not OF any great size
that he expects a bumper CROP taking
the winter wheat belt as whole. ana
the losses in various sections will hardly
be noticed.
There were many reports from the oats
belt of crop damage, and there were buy
ing orders not only from Chicago, but
from the outside world because OF the
| crop deterioration. Texas advices we're
of damage by rust.
Proviions were lower and the market
was tame affair. The hog news was
bear1sh and their was pronounced weak
I ness in lard. The liquidation by longs
was servere in most Of the products.
There was some buying early OF July
pork. but II closed lower with the rest
of the list Cash trade Is small
Cash wheat was lc lower.
Cash corn was unchanged to 1o lower.
Cash oats were unchanged TO &c higher.
All grain markets will be closed Satur-
day, May 30. Memorial Day"
Clearances on oats we're 5000 bushels,
corn, none and wheat and flour equal
to 1926 900 bushels.
The close at Liverpool was Nc to %o
higher on wheat and kc to sc higher on
! corn
! Primary wheat receipts we're $4,000 bu.
and shipments 100000 bu. against receipts
last year OF $4,000 bu. and shipments of
sol, 900 bu.
| Primary corn receipts were 800 900 bu.
and shipments $4,000 bu. against receipts
| 1877, 900 bu.
Primary oats receipts were S41 900 bu.
and shipments $4,000 bu. against receipts
last year of l116.oO0 bu. and shipments OF
| 634 900 bu