Omaha daily bee., 1920-03-11
ChicagoGraiin
By CHARLES D. MICHAELS.
Chicago Tribune Omaha bee Leased Wire

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Chicago. March l0.--Grain prices
| had wide range and closed
at intermediate figures. Net gains
were ) l-2~ to 4 lac on rye
which showed the best of all on ex-
port buying. Corn was | to ! lie
higher, and oats l-S to lac higher.
Lard was 2 lie, short ribs l0c and
pork Is to 45c higher for the day.
Persistent buying by seaboard
houses on the breaks was a feature
of the grain trades, at times today
with several sharp attacks by the
bears, who were forced to cover
after the first break. but succeeded
in getting another in the last hour.
The late decline was attributed to a
report that the United States treas
urer would not allow the allies more
credit. This statement has been sent
out many times the past few months,
but comiag today from Washington
with the claim that the peace treaty
was dead, had depressing effect.
1t caught the trade long with the
short interest we'll in and caused
recession which ended in close at
intermediate prices with gains of
to l LAC in corn futures, while cash
corn was 3 to &c lower than yester-
days sales, the extreme decline be-
ing figured from the high point Of
that day. Cash corn is working
closer to the May, and bear houses
are advocating selling of July and
September. as May is too easily con-
gested. Oats gained 1-8 to LAC de-
spite the reported cancellation of l.
100000 bushels the past few days.
Canceleled Oats and Corn.
The east cancelled 10s, 900 bushels oats
at sSc over and $4,000 bushels corn at
&c to exc. over
Light offerings Of ,,,a futures featured the
sharp breaks the close was at inter-
mediate figures with fair net gains. The
leading s,,s, long in March sol sold freely, hay
the east at 202Ac over May. March
finished sl.5a; May at sl.47; July at sI.Ii
and September at s1s7.
the Withdrawal % q shippers H from a' the a mar 70
ket led to decline in futures at one
time, but there was excellent buying in
break. and the loss was fully recovered
Toward the last reports that no more
government credits would be extended to
the allied countries and that all hope of
passing the peace treaty had been aban-
Wet Weather was was forecasted fore u for for the the
west and with higher temperatures coun-
try roads are breaking up. Shortage Of
ns whe chesso h.ndel.
eastern roads are not furnishing cars
either. The big foreign demand for rye
is attracting considerable attention. as Is
corn in the United Klndom following
the removal Of the maximum. Corn re-
ceipts, 166 cars
Advance Bids on Wheat.
seaboard exporters advanced bids 4c on
No. hard winter wheat to 32.65. prompt
10000 bushels. Winter wheats here were
nominally s@sc higher and spring un-
changed to Sc higher with No north
Chicago cash oats handlers who have
been heavily short the actual grain to
sales as fast as possible. 1.oOo. 900 bushels
in the past few days Domestic sales Of
eseS at ssss 10 wsts cent. cysr sag
ment was the main reason. Futures
ana Closed frm with n corn rsnfs wts May NJ At
ssHo and July at 75Xc. Premiums in |
the sample wheat market easier with
receipts 90 cars.
Foreign governments were after rye.
Chicago house having request for an
offer Of 3,750,000 bushels direct from |
Spain. Export sales at the dashboard |
were estimated at 100000 to 1000. 1000 |
bushels, reflecting sales Of like quality |
in the west to seaboard exporters. Bids !
track Baltimore, latter for guaranteed
for shipment. Efforts were made at New
York to charter vessels to Antwerp, Rot |
was that Germany and Austria were the |
buyers. |
No. on track sold at $1.73H. Receipts |
five cars.
Barley was in keen demand and 3@lc |
higher with spot sales at $1.4601.60 |
Receipts, II cars. |
BY Updike Grain Co. D. 1927. March 10. |