Omaha daily bee., 1920-12-13
Chicago Grain
Bv CHARLES d. MIcHAELS.
Chicago Tribune Omaha Bee Leased Wire

Chicago Tribune-Omaha Bee Leased wire.
Chicago, Dec. ll.--Irregular action
of the grain markets today kept trad
ers guessing as to which way 10
turn. Wheat was active and closed
NC to 4c higher. while corn closed
at the lowest of the week, with nett
losses for the day of a to &c. Oats;
gained "a to 3sc, while rye gained
i34c, and barley closed lc lower to
unchanged. =.
Provisions finished 75c higher fo-
pork, lard 7Hc lower to 7ac high
er, and ribs 5@l5c higher.
News of the day had more cross
currents than on any day of the
week, being considered bullish on
wheat and bearish on corn. The
statements of the New York and Chi
cago federal reserve banks were re.
garded as depressing factors and led
to selling and the declines at the
last.
Closing trades compared with those OF
the previous week showed losses on st az
grains except rye. wheat ,MS9,sc. Va o,.
faalss hisssr ~ PorT SSs' is si.1ah lower: lard,
47igW97hc. with January leauing: gn anu
Export sales Of 100000 bushels wheat
were made to Greece. presumably via
the Gulf, and other business was put at
around 100000 bushels. aithougm' ugorai,v oiiy
Showed tendency to advance. Cash
wheat at Chicago was active with sales
Of :I5Ooo bushels. nenaa1ns haan 81 afonr prise
understood to have been about GEMS
under the December. whereas that grace
is deliverable at Sc under Shippins ms
cluding $4,000 bushels to the sea noarn ara
and IS2, 900 bushels oats. including 2S,ooo
| bushels to the seaboard. Deliveries were
| 10000 bushels wheat and l'o0o oushe's
| rye. w.t.,
Premiums for cash wheat remained
| firm in all of the leading western ana
southwestern markets. but Nssnes,nepis We're ng Ie
| st. Louis was 2@4ci higher. Kansas Ci.y
unchanged to &c higher and Omaha &c
| higher. ,.,
| wheat, but broke on heavy general sell
| ing, and closed AROUND the inside after
| a drop Of III 01%c from the top. Coun-
| try offerings were larger, which offsets
| asaie OF SO, 900 bushels in the seaboard.
Oats had surprising strength. due TO
general covering andI the ADVANCE ttsr IN
grains Country offerings ,as ,,vhfeT were 0e''e''
Rye was bought by seaboard exporters eps
| and shorts. There were sales Of $4,000
bushels to arrive from the west anu
northwest. Prices were up Az @5c at the
| best. with a sharp break at the last.
Barley was slow. with prices un-
| changed.
| Grain traders are watching tie finan-
| ciaI statements closer than at any time
| in years For the first time In GOOD
many years the bank statements issued
| al the end of each week came in Tor un-
usual attention, offsatting all other IN
fluences. Sentiment on wheat was mixed
| with an underlying current OF bullish-
| ness owing to the continued export de-
| mand, while in coarse grains, particularly
| corn most traders were beartsE In expecta-
| titon OF a larger movement.
! Winnipeg December wheat was cents
| lower today, while the May gained sc.
| Cash premiums were said to be stronger
| as the result of the urgent dem3nd 70 ioau
| boats. as navigation closes at 1nidnigEt
| tonight A Winnipeg man here today SAID
| there would be good movement OF
| Canadian wheat, all rail, into the states,
| as the roads have plenty of cars.
| An interesting summary OF the factors
| which will influence May corn until that
| delivery expires has been complied BY Jo-
| seph Wilde of E. w. Wagner & Co.. and
| is now being distributed to the trade.
Statistics are given covering the percent.
| ages of the corn crop usually consumed
| BY the various kinds Of live stock. and
also the number of the latter on farms for
| a series Of years.