Omaha daily bee., 1921-01-04
Chicago Grain
Chicago Tribune Omaha Bee Leased Wire.

Chicago, Jan. S.-General buying
of wheat on reports of better flour
and wheat demand in the southwest,
combined with the passing of the
bill reviving the war finance corpora
tion over the veto of the president,
made higher market.
Closing trades were at the top with
net gains OF 7A@8Ac. May lead
ing. Corn advanced 1zs@23sc, oats
| S@7sc, rye 414c and barley lAc.
Milling demand for wheat was
much better in the southwest and
hard winter at Kansas City ad-
vanced 2@4c, while red was 2@5c
higher. st. Louis was up 207c on
red and &c on hard. No. !, demand
5@6c higher. Premiums were firm
in all markets, with No. hard at,
Chicago sold at lac over March,
gaining about lc No. 2 hard was
t10@l3c over. Receipts 81 cars.
Premiums at Minneapolis were lose
higher.
Strength in Wheat.
Strength in wheat and buying credited
to the leading bull interest advanced corn
prices rapidly with the close within
, fraction of the top. Outside trade was
not large. Early there was free selling
by local professionals who believed that
st. Louis reported 100000 to 800 600 BUSH
fls bought on overnight bids, Export
demand was brisk with loo, 200 bushels
sold from here and $4,000 bushels from
st. Louis. There were 100000 bushels
ordered shipped from Chicago on old
sales. Sample values were 1Q2c higher
with receipts 559 cars.
Buying Of May oats by Wagner abb
sorbed the surplus in the pit. early ami
with other grains strong an advance was
Sample values unchanged to I've with
receipts 12S cars.
Closing of spreads between wheat and
the latter being soush n tha furnished
grain. Exporters were fair buyers early.
No. on track brought 13@13hc over
May. Receipts 10 cars;
Barley was in fair. demand with prices
practically unchanged. Export bids were
out of line.
There was limited pressure on wheat
from the start and the local element was
much more friendly to the buying side. A
local elevator interest was credited with
saying that they did not care TO sell any
more wheat for fear of difficulty in
handling the March futures in the way of
hedges Some stop-oss orders were caught
on the way UP, and there was also buy
ing by houses with eastern connections
WHICH was attFlputeu " eNeHiuS up loT d
New York trader
Cash wheat premiums were stronger in
all markets, while country offerings were
smaller.
No. / hard here brough II cents over
March with receipts 81 cars. Export de-
mand was slow, the only business reported
being cargo at the gulf to the French
government. The British failed to take
grain.
Sell Winter Wheat.
cargo of hard winter wheat was sold
at the gulf to the French government, but
export demand on the whole was SLOW
Late January loading at the gulf was
quoted at so cents over March. and first
half February at % cents over. There
were bids at Chicago Of q cents over
March, track Baltimore for No. northern
but no sales were claimed.
Domestic shipping sales at Chicago were
$4,000 bushels wheat, 1900 corn, $1,000
bushels oats. Sales to the seaooard were
100, 600 corn and 10000 rye, corn bringing
IL hc over May track Baltimore with II
cents bid at the last, while the rye was
worked on the basis Of 80 cents over May,
track Baltimore for shipment by January
TO-