Omaha daily bee., 1914-05-03
GRAIN AND PRODUCE MARKET
Belated Shorts in May Wheat sched-
uled for Squeezing"
OPTION Is SHOWING STRENGTH
Heavy Deliveries Are Received and
Paid For by one of the strong
est Concerns I'm the Chi
cnEo Trade.

OMAHA. May ?, 1914
Belated shorts in May wneat arc TO re-
bulls in that month No corner is in
tended. because Il would break the RUE
on the Board Of Trade TO attempt any /,
thing of this kind. but general
squeezing" OF shorts is certain.
Those who own the May wheat viii no.
be obliged TO exert themselves IN tne
in the matter Of forcing shorts TO cover
as they may sit down and look on and
have easy money poured into their COZ .
fers. The most conservative ana pes
posted speculators in the Chicago market
toners 10 stand out and hope aeain-t
hope for something TO turn up 10 aloN
them a smooth road for evening up theU
position.
Those who have stubbornly remained
out are the ones who will suffer. Ihey
doubtless expected that with ideal crop
reports coming forward from every nook
and corner OF the winter beft farmers
and elevator men would dispose or every
pound OF wheat they owned and that u
would be an easy matter not only to buy
the cash article at lower prices. hut TO
get hold OF the May future In the pit.
When the crop prospects In the south
west and the official reports received
during the last few days are considered,
there Is no room whatever for an ad-
vance In wheat prices. The strength,
however, is to be seen In the May
future, and there is but one loophole
left for the shorts, and that is to 20 into
There were $4,000 bushels OF wheat de-
nvered on May contracts In the Chicago
market yesterday, and this wheat was
taken In and paid for by one OF the
stronger concerns In the trade, and IL
was reflected in the strength shown by
the May future
The May future was a feature in the
corn market also and while that month
closed &c higher, the deferred months
were ha4sc lower. There were small casa
tales or corn at 10000 bu. Part Of the
strength IN corn was a reflection OF the
sold corn Thursday we're buyers yester-
day. There was little pressure in this
market from Argentine, although the
weather there is favorable for movement
and stocks are increasing at ports
Oats were fractionally lower along with
other grains and the volume OF the trade
was fairly active. There were 1000 bu.
primary markets compared with $4,000
bu. last year.
May longs In hog products were again
on the selling side of the market, with
shorts and carriers the buyers
The opening advance was largely due 10
the buying OF May lard by packers and
commission buying the July and Septem-
her, The offerings were liberal especially
or lard; cash trade was still light and
Cash wheat was unchanged.
Cash corn was hc lower TO ic higher.
Cash Oats were unchanged.
Clearances: Wheat and flour equal TO
n, 600 bushels.
Liverpool close Wheat. unchanged TO
sd lower; corn, I'D higher.
Primary wheat receipts were 40 900
bushels and shipments l,52s,0O0 bushels
against receipts of 5000 bushels and
shipments Of $4,000 bushels last year
Primary corn receipts were 396 600 BUSH
els and shipments 467 600 bushels against
receipts OF $4,000 bushels and ahipments
Of $4,000 bushels last year
Primary oats receipts were $4,000 BUSH
els ana shipments $4,000 bushels against
receipts OF bl6,00 bushels and shipments
OF bll,o00 bushels last year.
CARI,OT RENvETpTC