Omaha daily bee., 1921-08-12
Chicago Grain
BY CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire

Chicago, Aug. 1l.-Grain markets
reversed their action and closed we'll
towards the top, with gains of 2A@
2Ssc on wheat, H@lc on corn, ssc
on oats, lH@lMc on rye and 13c@
lAc on barley. Buying support was
better and offerings lighter. Export
buying of cash and futures was an
important factor, as were the reports
of low temperatures in Saskatchewan,
the reports showing 26 degrees above,
which is low enough to catch the
late wheat.
A better feeling was noticeable in
wheat and the buying was of good
class, while selling was scattered.
Houses which have been short for
weeks were large buyers of Septem-
Der and December and houses with
seaboard connections and the south
west were active in absorbing the Of
ferings. Higher cash prices in the
northwest, with outside millers buy
ing and paying Sc more for the best
wheat and with flour 10c higher COM
bined with the Russian news, were
the main Strengthening factors. Large
quantities of wheat and rye will be
needed for Russia, the quantity de-
pending upon how much can be had
rather than how much they will
| want.
Markets Irregular.
Southwestern cash wheat markets were
| irregular Kansas City declined, 1c to SC,
the latter on dark variety. while Wichita
| reported southwestern mills running full
time and breaking records weekly on their
output, with largest mills sold up so to
SO days on domestic and export business.
There has been a record breaking early
run of wheat in the southwest for export
SO far this season and around one-thrd
| posed Of Winter wheat receipts are falling
off and the southwestern markets had
627 cars today against 1,0s1 cars week
ago. Chicago had 221 cars and export
$4,000 bushels to mills.
Corn traders who believed that there
was to be large export sales were active
on the buying side and there were 200, 900
bushels September said to have been given
| up against export sales. Some of the
| cash handlers said they could sell all the
shipping and export sales aggregated $685.
600 bushels, mostly export Strength was
created by the bidding of &c over septem-
per per for NO white and yellow, shipment
out over 5000 bushels to one house and
the price dropped to 1.c at the close
Aside from changing from September to
December by cash and speculative houses,
there was little in the oat market.
strength In wheat and corn helped to ad-
vance prices.
fair demand from the seaboard strength
ened values and they finished at the ton.
Ihe Russian demand was a factor and
Is expected to be. Arrivals were 13 cars.
Pit n les.
There is feeling in the grain trade
tom ana an irregular upward movement
Is ABOUT due, as they see it, One of the
trade leaders does not entertain the same
views and while admitting that the peak
or the winter wheat movement has been
| passed, he looks for a free movement of
| spring wheat. In western Canada they
are talking receipts of 1000 to 1900 cars
of wheat daily from September Is for
Two months or more, depending upon
There is a disposition to buy grains
on breaks with any announcement in
| the way Of increased outside support.
! Commission houses tell of traders who
| have not been in the market for months
| taking hold in a moderate way.
For the present, the markets need close
watching. Export demand is taking
of wheat reported sold for export during
the day included 100000 bushels resold
by one exporter to another In corn over
100000 bushels were sold for export
Wheat has more friends than corn and
| oats but both of the latter grains are
regarded as about scraping the bottom.
| The mercantile exchange where butter
and eggs are traded in for future de-
| livery resumed it's call. The facts are
| that one speculator was involved and O
| pool had to be made up of clearing
| house members to take over 120 cars of
eggs. They were brought in on the call
/ ha how M hao Oiv
an even break by the action of the clear
| ing house, members say.