Omaha daily bee., 1915-11-30
GRAIN PRICES UP
ON CANADA'S MOVE
Local Dealers at Sea as TO What Ef-
feet Will Be on the General
Market.
LITTLE NEW WHEAT MOVED

The communicating OF 20,000,0OO
bushels of Canadian wheat by the
Canadian government had an effect
upon the Omaha grain market, Civ
ing Il bullish upturn for short
time. II sold wheat up cents, but
later in the session prices dropped
back cent, so that on the whole
there was about a cent net advance
for the day. with 149 carloads on
the market, the sales ranged between
SIS and 99ih cents per bushel
Corn felt the advance that cane TO the
Wntat ami went up couple OF cents. the
forty-th er cars of new selling at 20 to
63is cents. the top price attained by the
new crop since II became marketable
commodity. There was not enough old
corr to make a market.
cats gained rom one-half to a cent.
selling at 20 to SO cents, with offerings OF
thirty-three carloads
Opinions Differ.
The effect the communicating OF
wheat by the Canadian government will
have upon prices In the United States Is
rrohlematic, so far as local grain dealers
are concerned. There are about as many
opinions as there are dealers. and all OF
them assert that whatever they may say
Is guess, one man putting II this way;
1T IL simply n guess. and if you viii
! rive me the correct dope | will buy you
n mighty nice Christmas present, for IL
! you can guess right there is $l,000,tOO I'm
It In short order"
Said President Swearingen OF the Omaha
Grain exchange;
] The whole problem Is a guess and one
man IL In just as good a position to guess
ss the next one. There may be men who
ere lucky. but mono are experts in the
! guessing business"
| w, j. Hynes former president OF the
exchange: 1T looks as IL the SELLING of
this wheat would create a bullish market
but you can't tell"
Takes wheat from Market.
Elmer Cope-"I think this means higher
prices for wheat. for the seizure OF 10000
700 bushels Of wheat takes just that much
off the market"
Nathan Merriman-"My Judgment ~
that the advance in wheat prices today is
due to fluctuation and that prices after
the first excitement Is over. will get back
in line. still. l don't know and I don't
think there is anybody who does."
John Cavers--"My guess is that wheat
will be higher. but / don't pretend to
know. l have an idea that the command
cred wheat will be shipped at once and
viii be converted into flour TO be made
into bread lor the soldiers at the from"
Il. =. Peck--'The man don't live who
can tell what the advance I'm wheat pricas
means. 1t may be a justifiable advance
and 1t may mean fluctuation OF ths
market. Then, too, II may mean that
Canadian dealers hedged In Chicago and
that when Iney caine TO cal lJr their
wheat at the prices at which Il wa,
bought the Dig advance came. To tall
about permanent effect would simply -.
guessing and one mans guess on tn,
wneht iharAet Is as god as another 5.
Nebraska Crop Not sold.
Whatever effect the seizing of Canadian
wheat will have upon prices. Omaha
grain dealers assert that there Is still
unsold and In the hands Of producers ths
major portion of Nebraka's crop. There
is more OF the grain in storage in Omahs
elevators than week ago wnen &C.
count was taken, but the quantity II
more than 100000 bushels less than OF
the corresponding date last year Dat,
= constitute the biggest item. with wheat
and barley next.
List year there was an abnorma
amount Of barley. while this year It hal
been shipped out nearly as rapidly a.
bought.
Stocks in storage in bushels in Oman,