Omaha daily bee., 1921-08-16
Chicago Grain
BY CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire.

Chicago, Aug. l5.-Wheat trad,
experienced the dullest session fol
many weeks. Prices covered range
of less than &c for the entire period
most of the day holding around the
previous finish. Close showed whea
lac higher, corn l-Sc up, oats l-2G
5-8c lower, rye unchanged and provi
sions irregular. There was a little
hedging by cash interests against
purchases in the country around
$l.2s@l.27 for September and De-
cember, respectively. Buying was by
local crowd, encouragement beng
derived from the big North Amer.
lean exports for the week and the
fact that the visible increase was
mainly at seahoard points. Limited
country offerings to arrive and bull.
ish news from the southwest also
attracted local comment.
The price trend early was narrow
but values were kept above the previ-
Gus finish. There was a little scat
tered buying in evidence at the i'm
mediate outset. prompted by the
heavy North American shipments
Good rains over the belt since Sat
urady were reported and this led to
the belief that arrivals would show
poor quality. The advance met with
profit taking, resulting in the elm
ination of most of the early gains.
Local interests reported country Of
ferings to arrive as light and south
west houses also told of the indis-
position of farmers to sell their wheat.
Corn Trading Light.
Trade In corn was Of mixed character
and rather light in volume. Prices were
kept within a narrow margin, a slight ad-
vance recorded early being supplemented
by dip. Commission houses were buy
ers on the firmness in wheat, wkile cash
interests sold on the advance. Liberal
receipts and tree offerings from the coun-
try were depressing factors. Crop indi-
cations are none too bright ana there Is q
possibility of further reduction In the
yield in the next government issue.
Oats started steady, but weakened un-
der selling that met with meager support
Liquidation of long stuff In a small way
was burden on the September delivery
while hedgins sales In the December
poor. Country offerings were reported as
light. Movement of grain, however
keeps up fairly good and consists mostly
of the new crop or light weight grain.
Cash rye closed steady. No. sold at
u ds% @1.osN; No. 3 at $1.07@1.Os, and
No; 4 at s1.os@l.o6h. Shipping sales 49,
900 bushels.
Guf premiums were advanced 1c from
Saturday. making the basis for this
months and September shipment position
lac over Chicago, September.
There was good deal OF selling OF
September oats against purchases of De-
cember by commission houses New low
prices were made for both December and
September.
shipment Of wheat from North Ameri-
ca last week at 12,567,o00 bushels. were
nearly SO per cent in excess Of expecta-
tion of the trade, as based on Bradstreets
estimate, and indicates a much broader
foreign inquiry tkan the business con-
firmed from day to day suggests" said
Stein Alstein. AT this rate 1t will not
American exportable surplus, even II 1t
should amount to 400. 100000 bushels,
which is the extreme limit that the most
optimistic have set as possible"
Temperatures were, higher in the Ca
madam northwest and before the next
danger period it is believed the greater
part of the crop will be in safely. Early
wheat is being harvested quite generally.
Indications are that the crop will be mar
keted as rapidly as on this side OF the
line.
Oats movement shows few signs OF abat-
ing and result prices in the pit sank
to new low levels on the crop. The trade
is carrying probably a larger amount of
hedged grain than ever before and the
slim until there is change in the coun-
try attitude.