Omaha daily bee., 1920-12-12
Chicago Grain
BY CHARLES D. MIcHAELS.
Chicago Tribune Omaha Bee Leased Wir,

Chicago, Dec. ll.-Irregular action
of the grain markets today kept trad
ers guessing as to which way to
turn. Wheat was active and closed
INC to &c higher, wlMe corn closed
at the lowest OF the week, with net
losses for the day of ID to Hc. Oats
gained Il to $50, while rye gained
1Ac, and barley closed lc lower to
unchanged.
Provisions finished 75c higher for
pork, lard TIC lower to 71zc 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 op 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. ...-.
Losses General.
Closing trades compared with those Of
tho previous week showed losses on az
grains except rye, Wheat vas vas ,tdt or
6Q71ac, corn 4Wbt2c, oats ~ " ~,
4TK@s7hc. with January leading, and
short ribs 571sc lower thai than week ago. ago
were made to Greece, presumably via
the Gulf and other business was put at
around 600, 900 bushels, although only
partially confirmed. Premiums generattSS rasS
wheat at Chicago was active with sales
Of 5000 bushels, inGludIns afonna ri.o
understood to have been about cents
under the December, whereas that grade
is deliverable at SC under; shipping
sales of corn were $4,000 bushels, in
Guiding $4,000 bushels to the seaboard
and 10000 bushels oats, including $4,000
bushels TO the seaboard. Deliveries were
10000 bushels wheat and l'ooo pusheis
rye.
Premiums for cash wheat remained
firm in all of the leading western and
southwestern markets, but were were l9;Se ;.
st. Louis was 204c higher, Kansas City
unchanged to &c higher and Omaha 1c
higher go
Corn had its most strength early with
wheat, but broke on heavy general sell |
a drop Of IL @13c from thc, top. coun-
try offerings were larger, which offsets
a sale of 0,000 bushels in the seaboard.
Oats had surprising strength. due TO |
general covering and the advance In
Rye was bought by seaboard exporters
and shorts. There were sales of 6o,oo0
bushels to arrive from the west and
northwest. Prices were UP ~ @5c. at the
best, with a sharp break at the last.
Barley was slow, with prices un-
changed.
Pit Notes.
Grain traders are watching the finan- !
cial statements closer than at any time |
in years. For the first time In good |
many years the bank statements issued |
at the end Of each week came in for un-
usual attention, offsetting all other in
fuences. Sentiment on wheat was mixed |
with an underlying current of bullish-
mand, while in coarse grains, particularly
corn. most traders were bearisf in expecta-
titon of larger movement.
Winnipeg December wheat was cents
lower today, while the May gained Ac.
Cash premiums were said to be stronger !
as the result of the urgent demand to load
boats, as navigation closes at midnight
tonight. A Winnipeg man here today said
there would be a good movement of
Canadian wheat, all rail, into the states,
as the roads have plenty Of cars.
wheat by lake during the week
and cargo of 100000 bushels came in |
today for the B. A; Eckhart Milling Co,
ceipts There were shipments of grain
from Chicago durng the week. |
An interesting summary of the factors
which will influence May corn until that
delivery expires has been compiled by 10,
seph Wilde of E. W. Wagner & Co. and
Is now being distributed to the trade.
Statistics are given covering the percent,
by the various kinds of live stock, and
also the number of the latter on farms for
a series of years.
today on account of the slow demand for
flour and will remain closed until Tues
day.