Omaha daily bee., 1914-06-17
GRAIN AND PRODUCE MARKET
Farmers Are Selling the Surplus
Wheat Rapidly.
HARVEST is STARTED IN SOUTH
Heavy Movement Results in Prices
of Winter wheat weakening -
Half Cent on Cash Market
Corn ~ Lower.
OMAHA, Neb.. june ls.

OMAHA, Neb. June l6.
In order to hold the price Of wheat UP
around the present level a bull leader
with money and backbone must come to
the front and give that grain the needed
support on the weak spots. Lower prices
are slated for wheat because OF the fact
that the new crop is being harvested In
many sections OF the southwest, to-
gether with the fact that farmers, gem
orally speaking, are anxious TO get rid
OF pert OF their surplus because OF the
knowledGe that an early and heavy move
tlnues favorable. The market at Chi
cago. as we'll as in other sections, is
oversold. Not only have hedging sales
or large size been put out in this mar
ket but the average spectators, with
the idea that prices are to sell lower,
have given the market a good deal OF
bear attention, and their sales have
amounted to many millions OF bushels.
The spring wheat outlook is as good
as was ever known. but the crop has
only started to account for itself. There
has been plenty of moisture in that SOC
ton Of the country. and there are some
parts Of the three spring wheat states
where 1t is said there is enough moisture
to garry the crop for several weeks,
while in other parts II is said that rain
viii soon be needed, There is one stat
istician in the Chicago market who re-
lieves that the combined spring and win
ter wheat crops will exceed NQOOO,0 900
bushels, while there are others who are
willing to wager that the 900, 100, 900 -bushel
level will never be reached
There was quite a controversy yester-
day over the condition Of a cargo or two
OF Argentine corn that was received at
Galveston. A New York house wired its
western correspondent that the corn was
out of condition. On this there was some
buying in the Chicago pit, but the report
as later denied, and those who bought
corn threw II overheard at losses. The
Kansas corn plant Is said to be IN oXcel-
lent condition, with some of It waist high,
Oats were firm all dag, particularly so
when the weakness in the other grain
Is considered. There was heavy buying
by local shorts and the selling was scat
tered.
Ribs were the leader in the provision
market and the demand was general.
The market made fair gains and closed
A large western packer sold on the hard
spots. The cash trade was reported as
some better, and the hog market was
without much change. Increases were
shown in the Chicago provision stocks
Cash wheat was ltc lower.
Cash corn was unchanged to JIc lower
Cash oats were h0D1ac lower
Clearances: Wheat and flour, 4sSOOO
bu.; corn, 5000 bu.; oats, 1000 bu.
Liverpool close: Wheat, unchanged to
Nd lower; corn, Nd higher to I'D lower.
Primary wheat receipts we're 31S 900 bu
and shipments 1880 bu., against receipts
Of $4,000 bu. and shipments of 902 900 bu.
last year.
Primary corn receipts were $4,000 bu.
Of l,ld,000 bu. and shipments of 100000
bu. last year.
Primary oats receipts were $4,000 bu
and shipments 704, 600 bu., against receipts
OF l,lSlO0O bu. and shipments OF $4,000
bu. last year.