Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1914-08-05
WHEAT HIGHER IN OMAHA
Cash Article Makes Two to Three
Cents Advance Per Bushel.
ON EXPLORATIONS
Atlantic and Gulf Ports Have Prac-
sicsIIy shut pOwn on OUTGOING
Grain shipments-Insur-
ance Prohibitive-

Omaha's cash grain market opened
with higher prices prevailing on all COM
modities, wheat selling OF cents higher
than Monday. the high being around 10
cents. The receipts were fairly large.
there being 107 cars OF wheat. thirty
seven OF corn ard twenty-elght OF oats
on sale. Stocks in the elevators showed
$4,000 bushels Of wheat in hand, 252 100 OF
corn ane $4,000 OF oats.
The advance on wheat sold on the
Omaha market followed a similar ad-
vance in CHICAGO. said 60 have been
brought about by a report that some %
the European vessels had agreed TO take
grain from United States ports and ac-
cept all risks of delivery.
At the present time. according to ad-
vices 10 the Omaha Grain exchange, all
Atlantic coast and gulf ports are closed
against the expectation OF grain. While
the embargo has not been officially or
dered. II is caused by the Insurance COM
panIes exacting 80 high a rate OF insur-
snce TO guarantee delivery that exporta-
ton has become prohibitive. At Atlantic
and gulf ports the rate is said to be 20
cents per bushel on wheat and practically
the same on corn.
Embargo on Exports.
The roads with gulf connections have
received notice that an embargo had
been placed on all export business going
out from New Orleans and Galveston
Local offices were notified not 10 bill
grain for export TO gulf ports until
further notice. Al New Orleans II is un-
derstood that elevators are filled to about
Is per cent OF their capacity.
In the harbors at both New Orleans
ard Galveston there are a number. OF
German and English vessels waiting 20
load out with grain. but orders have been
received by them from their home ports
20 delay loading until further notice and
sailing orders have been cancelled.
Advance mt Chicago.
CHICAGO, Aug. 4-Wheat advanced
sharply today as a result OF improved
prospects for a speedy renewal OF exports
20 Europe. The course OF the British gov
ornment In guaranteeing war risks on
shipments from this country was sup
plemented by similar action on the part
OF importing firms In Germany. Chief
announcement 20 buyers, though, came
in the shape of dispatches from WASH
ington that the bill TO admit foreign ships
20 American registry was only awaiting
the presidents signature 10 become a
law. The opening which ranged from nc
lower TO hdAc higher. was followed by
a rise Of 21tQsNc compared with last
night. September touched as high as 90c.
December 9lc and May 81 even.
Hot, dry weather. threatening serioun
crop damage. lifted corn. After starting
n@zc higher. prices continued TO ascend
and In some cases gained as much as
2skc. September reaching zoe.
Although oats opened lower under pres
sure OF hedging sales. substantial ad-
vance ensued. The cause was sym
patty with the bullish course OF other
grain.
Provisions rallied moderately from yes
terday's depression IL was predicted that
the decline In hog prices would cut down
receipts and lead TO a scarcity of provl-
slons, especially meats.
Reports that there was delay In the
navigation amendment bill going into
force led to a good deal OF nervousness
IN the wheat trade. The result was a
decline OF as much as cents a hushel
from top prices At the same time tho
volume of business was reduced to a
minimum.