Omaha daily bee., 1921-08-13
Chicago Grain
Bv CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire

Ih1caEO Ir1Dune-Omaha bee Leased Wlre'
Chicago, Aug. 12.-There was not
enough good buying in the market
and shorty after midday locals who
had bought wheat early discovered
this fact. Commission houses filled
up pit traders with wheat on the
bulge, but when the latter attempted
to sell there was no one to take the
wheat off their hands. The close
was 34c to 1Ac lower. Corn finished
%@Bc lower and oats were 4@Bc
off. Rye declined 7Sc and barley
closed unchanged to 6Hc lower.
Pork closed 40c lower, lard 2Hc
higher to SC lower, and ribs lO@l5c
lower.
Price changes were of little con-
sequence. September gained a little
on the deferred month on buying by
carriers who sold the December
against these purchases. There was
a little buying for eastern account
early, but aside from this locals were
the principal buyers. At $l.25 for
September, resting orders to sell re-
peatedly turned the price back from
that level. There were buying orders
for September at $l.24, which pre-
vented any downturn from that
level. Exporters were again bidding
Sc over September for No. 2 hard
wheat and some business was
worked, but details were lacking.
Seaboard reported the export de-
mand there slow, but it is presumed
that the early decline in prices
caught some resting orders, later
reports telling of 100000 bushels
worked.
Canadian Estimate.
The Canadian government officially es-
Inmates the wheat crop OF that country
at 2Ss. 900 bushels compared with
1853, 900, 900 harvested last year. This es-
innate is based on the condition OF the
crop July 81. While the country is re-
ported to be holding it's wheat back, the
movement holds up fairly well.
In corn, little interest was displayed
early. The market was easy in tone. tone
but september held fairly well, meeting meeting
export business absorbed what little corn
trade offered. Country continues to or
fer corn freely to arrive.
Oats started steady on buying by
local commission house. Locals took the
edge off the market on the upturn and
scattered selling by commission houses,
which looked like liquidation. carried
values off Trade on the whole was not
large and simmered after the first half
hour.
cash rye was unchanged to Ac lower;
No. sold at s1.1oQl.loa; No. at Sl.os
GLOSSY. Shipping sales, $4,000 bushels.
New York reported 100000 bushels rye
taken for export the last few days. he
ceipts, 21 cars
The dominion bureau of agriculture
provinces at 2Ss, ,4s3, 900 bushels July 81.
against 234,OOO,O0O bushels year ago.
Oats crop estimated at 3O0,00O.Oo0 bush,
els, against 314,000,000 last year. ana
barley, 100000 bushels, against 4o''oo'-
900 bushels.
No. l Manitoba wheat f. o. b. Mon
treal was quoted soc over Winnipeg oc-
tober wheat.
The English royal commission announces noes
that the sale of government reserve stock
of wheat has been completed. rms IS
taken to mean that the wheat trade Is
practically all in private hands. o
Early corn sales were placed at eoo,,
900 bushels for export at the seaboard
and there has been considerable buylng
of September the past two days, pre-
sumably against the heavy export pur-
chases
frost of consequence in the Canadian
northwest Temperatures were close to,
the danger point in some sections.
Local sentiment on wheat is bullish, out
in spite Of the good CASH demand, both
for milling and export account and firmer
cash wheat premiums the outside demand
is slow. seaboard interests were credited
with buying September and this month
was relatively firm in all markets. In
spite of the fact that new wheat has
been running on fair scale to Minne-
apolis for some time, the premiums for
milling grades hold strong and new
wheat received at Winnipeg sold at old
wheat prices.
Australian wheat shipments for the
week were 1,52S,O00 bushels and 1t is
estimated there is 100000 bushels sur
plus left to ship from that country.