Omaha daily bee., 1921-08-25
zet. Financial and Industrial News Of the Day

IT Is the general opinion there will bs
liberal shipments of durum wheat for
export from Duluth. A large part Of the
wheat crop was durum wheat and usually
a big percentage OF this finds It's way
for export. Consequently the big receipts
at northwest points may not prove at all
burdensome.
Traders have disposed TO raise up a
bugaboo, but our prices for wheat are
still at attractive discounts under both Ca
madam and Argentine wheat and with
this difference in our favor. continued
buying from all countries but the United
tion but what Canadian wheat will move
in volume and some of II may be hedged
in our markets. 1t is generally under
stood that Canada is in a less favorable
ers than the exporters OF this country.
wichita Kan, reported the smallest
receipts Of wheat In many weeks. The
leading dealers said they were unable to
buy wheat In the country last night.
High prices for wheat In India. where
the grain is said to be selling at twice
the price prevailing last year. do not
from that country. The indian government
is understood to have been asked to in
tervene In regard to prices.
Heavy rains have fallen in Australia
and the general promise for the crop IL
good.
Trading in May delivery wheat started
today and there was only moderate
volume Of trade with marrow fluctua-
tions early. The opening price was $1.23.
This was about &c over the December.
Corn is beginning to reflect the big ex-
port sales which are placed at 5000 900
bushels so far this week. As result
the market has shown a stubborn under
tone. Local shipments were heavy yes
terday at $4,000 bushels.
New York Cotton,
New York, Aug. 24.-On the opening ad-
vance OF 10 TO IS points on cotton prices
this morning, there was a good deal OF
unloading by old longs, which with CON
of about 10 points. Early offerings were
absorbed on reactions to within 2 or
and the market showed increased strength.
Texas estimates the condition Of the crop
for o thst at state at 81 and the yield at only
Loo 900 bales All months made ,ts new new
tober selling at lac and December at
1850, and the general list showing net
advances Of % to 80 points before noon.
from the best during the early afternoon:
under realizing and there was talk Of
increased southern offerings on the basis
Of lac for October. This gave the mar
ruling around 14.25c shortly after 2
o'clock. or about points net higher.
New York Coffee.
New York, Aug. 24.-The feature in
the market for coffee futures here was
further evening up Of September con-
tracts. in preparation for possible notices
on Friday. Much Of this was in. the way
of switching from September to late
months. but later opening at decline
Of 2 to IL points. September sold off to
S6.29, or 13 points net lower. There SEEM
ed to be a better demand at this level
and the price later rallied to $3.50 on
covering December sold up from 3s.75 to
s6s1, but rallies were not fully main
tanned. with the market closing at a net
decline Of to II points Sales. includ-
ing exchanges, amounted to about 1885,
900 bags, according. to estimates. septem-
ber. s6.31, October. $6.47; December, $3.50:
January, ss.ss; March. s7.21; May. $40;
July. s757.
Spot Coffee-Market was quiet to slow.
er. 6N @6%c for Rio Is, and 10 to 10Xc
for Santos is
New York Dried Fruits.
New York. Aug. 24.-Evaporated Ap-
ples-Market firm.
Prunes--Scarcc.
Apricots and Peaches-Steady.
Raisins-Quiet.