Omaha daily bee., 1921-04-05
Chicago Grain
BY CHARLES d. MICHAELS.
Chicago Tribune Omaha Bee Ieased Wire

]
Chicago, April "A better tone
prevailed in wheat which also al
fected other grain and brought les
sened selling pressure and more
substantial buying OF the nearby
deliveries The close was at inter
mediate figures. with net gains of
lc on May wheat, while July was
off lc. Corn finished 1-8c TO lac
higher, oats up 3-Sc to 1-2c. rye
unchanged to lac lower, and bar
ley lc lower.
Provisions had weak tone and
closed with pork off o5c, lard y lie
to AZ l-2c and short ribs 81 l-2c
lower for the day.
Export buying OF wheat was
heavy, with 100000 bushels sold,
largely at the gulf and for July
and August shipment at premiums
the same as Saturday. Selling by
the southwestern holders was Of
fair volume, but the buying OF May
against export sales helped to make
stronger market and although
prices were off lac from the early
high. there was an advance to
1873 SAC or Sc from the low point
early, with the close l-2c 10 sac
from the top,
July Under Pressure. u
July was under pressure on expectations
of rains over the southwest and while
days finish, the finish was at s1.15. or
&c over the inside of the day. Buying of
May and selling of July depressed the lat
ter. especially at the last.
Corn and oats did better, with an ad-
vance of over lc on corn from the early
break TO 60i4c, and finished nc to ssc
under that figure. while oats moved up
1sc to 81 nc and closed at 37Ac TO S7&c.
Buying was by the sellers OF last week.
while the early selling that made mod
crate break was by local interests and was
mostly taken back later. Cash demand
was slow on domestic account, with 50O,-
600 bushels corn and 125,O00 bushels oats
sold Mt prices unchanged to 1c lower for
corn and Ac to Nc on oats, with arrivals
1876 ears corn and 1o9 cars oats. Chicago
has 13,4140Q0 bushels corn and 1886
900 bushels oats, an increase of 426,000
bushels corn and a decrease of $4,000
bushels oats. Damage reports are COM
ing on oats. from central Illinois and OF
some plowing up in Oklahoma owing to
green bugs. but only affect the shorts.
Pit Notes.
decrease OF 2,2sS.ooo bushels in the
visible supply of wheat was bullish fac
tor, bringing 1t down to 1S.464,0O0 BUSH |
els, the lowest at this time In 80 years |
with the exception of 1918. |
There is more scld to go out than there |
is in the visible. Chicago stocks in |
creased $4,000 bushels last week and are |
], ,00s 900 bushels.
Numberous good and a number OF bad |
reports came from thu southwest and |
west. Montana complained of dryness ard |
light snow IN the mountains which fore |
casts a droughty condition. but for the |
the trade regards the crop pros
poets as good.
liberal export business was under |
way at the seaboard. with 275,000 bushels |
old wheat sold to Germany and central |
Europe and 10000 barrels flour to Scot |
land. Exporters were heavy buyers oe |
July against speculative sales for deferred |
with estimates ranging from |
!, 100000 bushels for July-August loading. |
At the gulf premiums on new grain were |
with 21c over May for July. |
and 1914 125c over for August loading. |
April loading was 2Sc over end May 231a q |
csc over Germany and Spain were
ported the best buyers There was also |
900 bushels corn and 500, 900 bushels
rye sold abroad. 4
Domestic shipping sales at Chicago
were H. 600 bushels wheat, $4,000 bushels |
corn and 125.000 bushels oats, with o.
900 bushels No red winter wheat sold