Omaha daily bee., 1921-09-02
Chicago Grain
BY CHARLES D. MIcHAELS.
Chicago Tribune Omaha Bee Leased Wire.


Chicago, Sept. l.-Pronounced
strength featured the wheat mart
and prices at the finish were 3N@
+Ac up, the biggest gain for many
days. There was considerable
broadening out in the trade and free
purchases were stimulated by bull
ish reports issued by two of the fore
most local crop authorities. indicat-
ing big reduction in .he spring
wheat yield. Corn at the close was
2s@21sc higher and oats A@lBc up.
More optimism was shown by the
trade in general and the issuance of
crop report by a local authority,
which was construed as bullish, fur
nished an incentive for a good wave
Of buying. According to early
,hreshing returns, spring wheat
shows a yield of nearly one bushel
per acre below the official estimate
of last month. indicating a crop OF
only l95,000000 bushels. Commits
sion houses with eastern connections
were good buyers before the report
was made public and there was
little hedging by cash houses against
purchases made in the country.
News Conflicting.
Little activity was displayed in the local
prices evidently curtsiling interest. News
from the seaboard was conflicting In re-
gard to export business. While some
messages claimed that nothing was done,
trkt
setback IN prices. some business no doubt
would be worked. A private wire re-
ceived by a local concern stated that it
was believed that the Greek order calling
for 100000 bushels Of wheat was put
through today.
Corn exhibited strong undsrtone, with
the current delivery showing tishtness.
Trade wa stairly active and good por-
tion Of 1t was IN the way Of buying Sep
tember against sales Of December. There
was good buying by strong commission
concern. which was believed to b for
short account SHOWS report placed tho
condition Of the crop at S3c, indicating q
crop of 3.145,O00,000 bushels. Better
weather conditions and crop improve
ment was noted in central valleys, but
heat and lack of rain caused further DAM
age in the southwest
Oats Prices Firm. .
Oats displayed a firmer updertons from
the start. under limited trading, The
CopttLuucE IdH lHlo tdlLoE hcufy oOiliha
on the opening advance, but moved up to
1c over yesterdays close. following the
appearance of the Snow. w.Bartlatt Frazier
September crop report, showing tnreshinS
returns Of only 24.i bushels per acre and
an indicated total yield Of 100000, 900
bushels.
Cash rye was 1c higher. with No. 8
selling at 81, Illinois proportional billing.
There was none OF the better grades on
tho market. Deliveries on september
contracts this, morning were 10000 bu-
shells No. 2 was quotable at the Sep
tember price.
Some export houses reported being un-
able. to buy wheat in quantity In the
selling any for export. as they refused
to take chances on selling short for ship
ment without first buying. the wheat.
Italy was reported In the market and tho
Greek order for 100000 bushels went
into Canadian wheat through London.
Winnipeg reported a good demand for
all grades of wheat, with exporters ac-
tive. Considerable business was done
overnight. Cash wheat prices were 1@3c
lower. with No. l Northern 17c over the
October.
An Argentine cable said: weather con-
ditions clear; more rams are needed for
pear anxious to market their holdings at
present prices and foreign buyers are not
willing to pay present prices. Forelsh
demand for corn Is less active and clear
ances are expected to show further do
creases." r .'s
Deliveries on September contracts were
$4,000 bushels wheat, no corn. 1,bss,Oo0
bushels oats and 100000 bushels rye.
Sh:nners as a rule took in the oats Pro-
visions deliveries were $50 barrels pork.
A. coo, 600 pounds lard and 100000 pounds
ribs.
England is buying Canadian wheat on
the basis Of tina reduced premiums. both
foI prompt and deferred shipment. The
English buyers have been out Or the
market for some time. They are usually
the largest buyers Of Canadian wheat, tax.
ine The bulk Of the fall exports from that
country