Omaha daily bee., 1921-07-27
Chicago Grain
BY CHARLES D. MICHARLS.

Chicago, July 26.-An unsettled
feeling prevailed in wheat Toward
the finish the market rallied on good
buying by commission houses with
seaboard connections. Exporters
were after wheat here, as we'll as
at interior points and sales from the
local mart aggregated 100000 bu'
shells. Late advices from the sea-
board indicated 100000 bushels
worked in all positions.
Southwest markets were higher un-
der a brisk cash demand. Closing
prices were little changed from yes
terday The more deferred futures
ruled Ac up and July finished lc
higher. Corn was weak, due to lib
eral selling by cash interests and ia
vorable crop news. Prices were s
@Ac lower and oats H@Mc Off.
Rye ruled Ac higher. Provisions
scored moderate advance.
Final shipping sales were placed at
2o5,000 bushels, including the amount
sold to exporters; 100000 bushels
corn, $4,000 bushels OF which was
for export account; 100000 bushels
oats and 10000 bushels barley.
Spot wheat here ruled shade
easier for red winter and Sc higher
for dark northern, while hard varic-
ties held unchanged. Corn and oats
were a shade easier relatively.
Bull Interests Active.
Wheat market at the outset showed
firmness. but this tone was of short dur
alton. a fair decline being recorded later
Local bulls were buying early, as they
were attracted by the attitude OF exporters
who are inclined to make purchases on
all breaks. This buying movement was
met with free selling of September above
si.2% by commission houses. Trade was
confronted later with A report from Of
fieials Of the Canadian agriculture de.
partment that they expect the crop Oh
Canada to be a bumper one This created
increased selling pressure and a good set
back. The movement of. wheat con
tinues to act as bear Influence Re-
ceipts in all markets OF wheat continues
TO act az . bear influence. Receipts IN
all markets were below those OF yester
day, but nevertheless they were heavy.
Local estimate was for 500 cars.
Undertone In corn was an easier one.
Additional rains in sections OF the belt
and forecast for generally unsettled Anu
cooler weather were depressing FACTORS.
Trade was featured by good selling OF tne
September delivery by commission houses,
which close observers were disposed 10
credit to a big elevator concern. Shipping
demand was broader, with sales OF llo,ovo
bushels being reported: heeepl's Feee "u1 the
estimate was placed at ESQ cars.
No. 4 white oats sold a, SAN @35c, or DC
under september Overnight sales were
1872. 900 bushels. A. so,a
at si.2sA @12s% Exporters were in @ tne
market. but their bids were out or ihe'
Pit Notes.
Cash wheat at Kansas City was uh
changed to &c higher and wichita a9o'ee
to Sc higher TINS was sSs ,setion Which
would naturally be most depressed py ai
snormous receipts. Kansas CITY wireo:
There IL q good milling demsnn nstI, ipi pigbsr
prices. while the ordinary hard "heal 10
about unchanged, ,, ,v
Not much attention Is being PAID by
the trade here to the Argentine So
Argentina now figures about sl.S
ci against Gulf wheat to the united
Kingdom at sl.57. To the eohtlnent, taII,
Argentine wheat is now approSxi,naaeetts appS aoat
33c a bushel higher than our gull wheat'
difference practically unknown hereto
Exporters were said to be oiddihs
strong on wheat to interior points WIN
out getting any to speak or =,
MINNEAPOLIS wheat stocks showed a oe
crease Of l25.e0O bushels for today ana
also for last .ass year whide oe SS asooS bushels
Al
which was for three days. oats on ine1easea shs,s
sc, 600 bushels. rye increased le.9ov ousHeis
and barley decreased $4,000 bushels,
Export brokers have had good-sihhea good hni
owing TO the scarcity of offerings for near.
by shipment, there has been no great
position to offer wheat are having no no
difficulty in disposing of it and the gen.
eral impression is that sales from mere @
have been larger than reported: me
seaboard reported Belgium. Germany ana
Holland in the market for wheat It ana
Greece also will take considerable wheat'
Belgium was credited with buying 24o'-
600 bushels. A.. ,..,v
receipts confirms the idea that sales
abroad for July shipment from the coun
try are large and that the wheat Is
simply in transit. to Europe." said Freq req
Babcock of Thomson & Mckinnon. ~
is generally thought that Europe will take
the entire surplus Of North America ana ana
still want more. The domestic trade VIII
soon realize that supplies are not ac-
cumulating and the competition from eN-
porters is in the market. Clearances from
export ports will increase and receipts
from the country decrease. Values Will
strengthen in proportion.