Omaha daily bee., 1921-06-25
Chicago Grain
BY CHARLES D. MICHAELS.

| Chicago, June Z4.-lhere was con-
siderable action in wheat during the
last 50 minutes. There was persist
ent commission house selling during
that time, credited to the account of
a big LeSalle street trader. At last
nights close there was heavy buy
ing by house with eastern connec-
tions, but the trade believed this buy
ing was for local long. The mar
ket was unchanged at the finish.
Corn closed 5-8@lc lower and oats
were 1-S@3-8c off. Rye was SAC
higher to 1-8c lower and barley un-
changed to LAC higher. Pork closed
unchanged to 10c higher, lard, IL IL
@15c up and ribs, l0@12 1-2c higher.
Local cash sales were 5000 bushels
of wheat, $4,000 bushels of corn and
$4,000 bushels of oats. One local
broker said that he offered corn to
Buffalo all day at lower prices than
yesterday and failed to get any re-
ply. Cash wheat premiums were
firm for choice, but low grade wheat
was heavy. Cash corn basis was lac
better and oats unchanged. Ship
ments of 100000 bushels of corn
yesterday made additional room for
carriers, which accounted for the
broader spot demand for cash corn.
Vessel room was chartered for
$4,000 bushels of corn to Buffalo.
Seaboard reported 250,000 bushels OF
Manitoba wheat and 100000 bushels
of corn worked for export.
Bullish Crop News.
Wheat prices worked higher, but some
Of the more ardent bulls expressed dis
appointment over the market failing to
respond more fully to the bullish crop
news. There was good buying by the
locals, while commission house buying at
the start also was of good character, but
after the rise outside buying orders talled
to come in. The market acted httie
''toppy" with the balance swinging a ut
tie. too heavy to the long side. Fessi-
mism was the general tone to the crop
news. LeCount continues to find bad
spots in South Dakota, while Snow found
Yankton, S. d. Inglis had advices from
Oklahoma Of the wheat sprouting in the
shock because of the wet weather me
weather map showed further precipitation
cast was more favorable weather over
all parts OF the belt. Seaboard adv1ces
continue bullish. reflecting the oplnlons
of those interests on the market. Early @
in the day New York wired that they
expected export buying of futures be
cause Of their knowledge Of wheat being
worked for export over night.
Corn was inclined to drag. Prices were
fractionally higher at the start, but proke
only to rally back to the previous closs
In sympathy with wheat. There was as
a leading elevator interest Local shorts
were the principal buyers. There were
reports of threatened chinch bug damage
to corn from different sections ana some
of the board of trade agriculturists We're
com mplaining of hot weather. The cash
situation remains weak. The estimate
was for. receipts Of ssb cars; Inets was
while export bids Of Shc over July G.
/. +. Montreal for mixed corn were not
high enough to attract business; LIVER,
lower, futures u @3d higher and Antwerp
"A franc lower.
Oats Trade Light.
Trade in oats were of light volume ano
prices covered a narrow range: Inc toue
was firm in sympathy with the strensth
in wheat Commission houses We're noteo
on the buying side and there was a con-
tinuation Of profit-taking sales by longs
on the upturn. Crop news was mixed.
one authority wiring from South Dakota
that crop is suffering from drouth and
there was no indication of rain, whlle
another expert sent message from an,
other part Of the state claiming ", iarse ,,ss
acreage and bright prospects There was
a slight improvement noted in the snip
ping demand. Receipts were larger, the
estimate calling for 16o cars, Country 5nn nl,
SPOT oats held unchanged, while Ant
werp ruled "A franc lower =. o.
Rye was firm. Cash No. 1 sold at &c
over July, or SIPS: ,,. .o,a
at 62@67c and screenings at 4oc. snip
ping sales were 5000 bushels.
Pit Notes.
The Kansas state report as wired by
King of Toledo makes corn conu1tlon oo'',
against 1872 a month ago, and SO.2 year
ago. Acreage, 4.560,0oo acres' as"iH''
5,250,00O a year ago -.
A st. Louis wire to Bache & Co. SAID
first car of new wheat had been receiVeu,
which sold at $1.46 at auction. me %hea' red
was from Arkansas and graded NO. req.
Kansas wheat crop this year is est-
mated at 112,s14.000 bushels in the
monthly crop report issued today by j. y:
Mohier secretary OF the aNS s.ate ssbe1s less
than indicated in the boards May report
but 10, 900, 900 bushels more than the June
1 government report.
Private reports showed heavy rains an
through Oklahoma, northern Texas, great
er part of Kansas and Missouri, and the
official map also showed heavy preclplta-
tion. The area of rains Is working NORTH
and east and already covers large par,
of winter wheat area being harvested
now, John Inglis had a report from
| Oklahoma saying some sections had nao
rains for 16 days and that wheat was
snrouting in the shock in some cases.
| Naturally. with the present weather con.
| ditions, there is little country seiing VI
| wheat
Report Black Rust.
| A closer approach was made to black
rust scare northwest today, with the re-
! ports of Snow confirming earlier claims
| Of the presence Of this crop scourge. =.
| r Marvin. chief of weather bureau at
| Huron, S. D., said he had reports OF black
! rust In Charles, Mix and Yankton couhtles
| Spencer Neb., reported wheat damaged
| by black rust with favorable conditions
| rust spreads rapidly, but harvest Will pe
| early in most of the spring wheat
country. u.,
Crop conditions in Russia are reported
| In bad shape, especially in the eastern
| provinces Production of all grains last
| wear was extremely small compared 10
| nrewar standards and it Is feared the
| country will be an importer of both wheat
| and flour this year.
| Missouri corn crop made rapid progress
| last week and was well cultivated. Wheat
| harvest in this state is in full swing and
| will be completed within a week, fields
\ ranging from fair to good.
| Minneapolis Grain.
| Minneapolis, June 24.-Flour-un-
! changed.
| Wheat-Recelpts. PSI cars, compared
with 26s cars a year ago. Cash No. /
. northern. s1.424 @l52a; July. $1.S2E !;
1