Omaha daily bee., 1921-08-01
Chicago Grain :
By CHARLES d. MIcHAELs.


Chicago Trbune-0 Omaha Bee Leased Wire
F, chicago, July S0.-There was the
worst mixup on the July rye mar.
sket today that the trade has known
The Hanson Produce company oi
New York, which has rye bough,
against export sales. was selling the
Ugly and buying the September al
, lE5c difference. This let the shorts
IN for July, but many did not care
10; be short the September, fearing
there might be. repetition OF the
conditions prevailing in July. There
were plenty OF sellers of July at the
last, but the price advanced from
$l.29 to $l.52K, where it closed.
September moved up from $l.1l15.to
81. ) and closed there, gaining 2Mc.
Deliveries for the day were 335 5000
bushels apdy there were said to be
liberal defaults, which will have to
be settled by committee. For the
month of July deliveries were
l,025,000 bushels. No. 3 rye was
taken by eastern interests at 7c un-
der No, ?. aid The No. 2 sold largely
at l@2c under.
Wheat Closes Higher
In the grain markets generally there
was n ,ftshtG -tsade. with andf irregular
mowement7'pf prices. July wheat closed 1c
higher and distant futures were unehang-
ed to. &c l9Ses September leading, July
ccrn was Of 20 and distant futures were
up 40, WHITE oats lost u to $c. 'Provi-
stons were stronger and to 7iac higher
on lsrd and 10 to l2he up on ribs. .
small affaiA. There was July on track
early. but IL was wanted later and the
price :advaTted &c. Distant futures were
weak, with smoderate pressure. The leadi
ing. interests3 bought September at times
and there Nas considerable general liqui-
kets for, tho week OF 23.197 600 bushels,
or nearly "a, 100000 bushels more than
last year, he'd depressing influence.
= :s: soSJnly Corn Breaks.
July. CsrA.' was uhdcr pressure from
leading interests and broke from Go to
G2 sc. Withsthe close at the inside. Dis
tant furures5 had fait support and closed
hisher's Ttna weather. pap showed scat
teEed rain over corn belt states, ';but more
is; sneadea.;; Cash prices were u to &c
Grading in. oats consisted Slargely in
changing. from September to December
att, sc for the local interests and with
orthwest arnSpeople doing the business.
The. CLOSE was lower, with July leading
at afouhdstha inside OF the week. Ship
ping, sales were 10000 bushels "".'. +.
II : = PitaNotes. >, : =
: July rye at 1oei over the price of wheat
was. SOM sthinS the ira le has not known
before. 1T was a peculiar situation. Orr
sells at material discounts
under Wheat, but at presen- seaboard ex-
porters have changed positions of the two
bsb sSsor,s sdsysry Ga ow SSy
about fulfilling. The latter has sold rye
and bought wheat and lost on both ends
Of the spread: A big llIe, Of wheat was.
sold out and rye was bought in. which was
said to be for Jack Shreiner' early today.
The deliveries Of rye were in car lots
and the clerks, were badly mixed up In
their accounts. so that up to o'clock
they had not strafghtened them out and
thore seemed no Possibility Of doing $50.
How much rye, was d.ef&ulted on, no one
so' 900 S bushels coni6& Some, Of the late
deliveries We're refused on the claim they
were not sent ont at tho proper time. 1t
will take a ruling Of the directors and
There: was a mixed sentiment in the
.rade, with, an uhdetcurrent of bearish-
ness. The read{ustHaent from, July to
September trades 3leayes the operators
freer to make new commit: enl5. IueTe 10
/ large shortage in September corn, on the
part of those who have been long, July.
to. pitt estimates. The local
raiders are moderately, short September
wheat and the oats market Is bscomlng
argely a changing affair. !.
The 'Capper-Tincher.b bi4l has been placed
IN the calendar OF the ut nate and is ike
y to come up the latter part of next
week. Active efforts are sbeng made to
lave changes made. partic ulagly the plac-
ng Of limits. on ind{viduai trading, the
erential clause in REGARD to memberships
N the exchanges, Which gives represen-
atives of the farrnerg association per
mission to do things that. other members
;an not.3 -" Az,