Omaha daily bee., 1914-06-19
GRAIN And PRODUCE MARKET
Foreigners Purchase Much Wheat
on the Chicago Market.
RAINS CHECK THE OFFERINGS
Precipitation In the Southwestern
wheat Belt Has Done Much To-
ward DiscouraEinE Sale
of Futures.
OMAHA. June. Is. 1914

OMAHA, June, lct lsAN
The purchases Of new. and old wheat
by foreigners at Chicago yesterday
amounted to 75Oo 90 bushels In all posi-
tions. 1t has been said right along thet
importing countries were taking only
moderately OF our wheat nut their recent
purchases demonstrate the fact that they
are in the market right along on laIHe
scale. The wheat that changed hands
yesterday was not only new, but old as
we'll Conditions In the pit reflected the
export trade and also showed that do
mestic demand exists for the cash article.
Besides the cash wheat sold here to mill
ers and others, vessel room was char
tered for shipment of 50O,OOO bushels TO
Buffalo at nc. Millers east of Chicago
bought $1,000 bushels here yesterday,
which shows that these millers are not
depending on home supplies at the mo-
ment
1t is known that while the Oklahoma
wheat received here was IN a condition TO
be ground Immediately, the grain now
being harvested and threshed in Kansas,
Illinois and some other states VIII have
to pass through the sweat before It is in
condition to be ground into flour. Kan
sas City and st Louis reported fair
hedging sales yesterday Most OF these
sales were against the actual wheat now
being harvested in the sunflower state.
message received by Noyes h Jackson
from Kansas City said that on a farm
OF 625 acres the average yield was thirty
two bushels.
Recent rains in the southwest have
checked the offerings OF wheat from that
section and the selling yesterday was
free from Illinois than any other state In
the winter wheat belt. The promise is
for largely increased receipts of wheat
in the southwest and in case the spring
wheat crop promise continues ideal
farmers and country elevators will dis
pose OF all their grain in order to realize
on IT. as well as to make room for the
new crop that will move earlier than
usual
The wheat market was under more or
less selling pressure during the entire
session The buying of July was consid-
cred much stronger than the selling, and
II was led by one or two Of the old bull
concerns in the trade
The declines OF 1sQhc in the nearby
corn futures were based on weaker sit
uation at Liverpool and Buenos Ayres.
The improved weather conditions in the
southern hemisphere and the cheaper Of
ferings of corn from that country caused
many longs to sell out and take the short
side OF the market
The longs threw overheard good uuan-
titles of oats. and while prices showed
gains of hdAc the situation could NOT
be called a strong one. There was a
good demand on all weak spots, and this
| buying seemed to come from the same
interests that have given the buying side
attention for some time Crop reports
were generally favorable.
The larger packers were liberal buyers
yesterday and this movement caused
shorts to cover and carEied prices up.
ward, Much OF the ground lost Tuesday
was regained yesterday. The selling was
| scattered and was largely speculative
Cash wheat was unchanged to kC
| higher. Cash corn was unchanged to Lax
higher. Cash oats were NC higher
| Clearanoes: Wheat and flour, l27,OO0 bu
| corn, 5000 bu.; oats, 5000 bu.
Liverpool close; Wheat, kQhd lower
| corn, unchanged to 1d higher.
Primary wheat receipts were 2sS,OOO bu
and shipments 1885, 900 bu., against receipts
Of $3.50 bu. and shipments Of 6O1, 900 bu
last year.
| Primary corn receipts we're 5O1, 900 bu
and shipments $500 bu., against receipts
of SS7 900 bu. and shipments OF $4,000 blu
last year.
Primary oats receipts were $4,000 bu
and shipments $4,000 bu., against receipt
of S9S,OO0 bu. and shipments of $4,000 bu
last wear.