Omaha daily bee., 1921-08-14
Chicago Grain
By CHARLES D. MICHAELS.

Chicago, Aug. l3.-Strength anc
higher prices for wheat, with a con
tinued active export and milling de
mand and weakness in coarse grains
with December corn and September
oats selling at new low levels fol-
the season, featured the grain mar.
kets today. The close was easy or
the coarse grains and strong or
wheat, the latter being SAC higher
for the day, while corn showed net
losses of l-8c to lac and oats 3-8c
to 1-2c. Rye was easy and lac to
3-8c lower.
Despite the liberal selling of wheat
by local interests, hardening cash
values with reduced receipts of win
ter wheat made the close, as com
pared with week ago, lac to
4 80 higher. while corn is off 1-Sc
to 5-8c and oats lc to | lie lower
Rye gained &c to 2 Sac and barley
| l-2c to 5 l-2c, as compared with
week ago. Provision losses were
$l.05 barrel on pork, 81 1-2c to
o2 l-2c per 100 pounds on lard and
OoC 10 /oc on snort RIBS.
Low Temperatures Reported.
Low temperatures in North Dakota and
In western Canada, with considerable
rain and fears of light frosts for northern
North Dakota and western Canada, COM
hined with strong cash premiums and
higher prices for cash in all markets.
were the controlling factors In wheat.
Premiums were fully maintained on all
good wheat and bids at the gulf were 1c
Dh har Mt qn
Export business was large. 1000, 900
bushels at the seaboard. while Fridays
sales were above previous reports. being
1,300,0 900 bushels. Sales here were 400, 900
Milling sales at Chicago were $1,000
bushels.
Russian relief is taking flour, wheat
and rye and is expected to be big
factor In absorbing surplus offerings Ct
the United States and Canada. Mnne-
apolis millers were active buyers in the
southwest ...
Speculatively, the trade was light, with
commission house orders scattered. Of
ferings were greatly reduced and evening
up for the week advanced September to
s124h and December to $1.26h, with
the close at &C in the top.
December Germ Drops.
December corn dropped to 55c early in
the day, selling at the lowest OF the
season. but buying orders at that figure
were only partly filled. The finish was
a to &c above the low point, while
the days range was only SC. September
was strong, having support from cash
houses, while December was offered free
ly by the same interest
Hedgers in oats bought 100000 bush
els September and sold December at 3Ac
premium for the September. The selling
was mainly by the leading cash interests
who are evidently spreading September
touched 35Ac and closed u to nc above
ttx-t 1Nou 90
3S1ac. Cash prices were Nc lower.
Rye futures were picked up by sea-
board exporters and sold by spectators
here and in the northwest and prices
broke y to hc. Shipments were $4,000
bushels more than the receipts.
Pit Notes.
Wheat is showing better tone and
with a letup in the selling pressure
that has been so conspicuous of late.
local traders generally believe the mar
ket will do very much better. The
letup in the winter wheat movement
more encouraging to investors. 1t is
only a question Of time, however, be-
fore northwestern farmers will sell free
ly, as they are in the same fix as those
in the southwest, all needing money. In
Canada 1t Is the same way
There was white frost at Moose Jaw
and temperatures of AZ to A through
out western Canada were creative of the
usual fears OF frost damage Wnlcn come
around this season.
Recent rains are being reflected in the
arrival Of increased quantities of poor,
wet and sprouted wheat and light weight
and badly stained oats, which are ex-
pected to be offered more freely for the
next few weeks. The poorest OF the sam
pie grade wheat sold today at 95 TO
97c. and ranged up to sl.17. while ls-
pound oats sold at 19c. 1t is question
Of getting buyers for this poor stuff
rather than the price. The farmers get
a bout 8 to &c on the poor stuff bases
on the price received here. .
In coarse grains, the principal busi-
ness Is hedging. Elevator people through
,ut the country are loading up their houses
with oats and selling futures at good
profits. A.
The Nebraska state report makes the
,orn crop 21S, 100000 bushels. 36,00O,00o
bushels short of last year. which is prac-
tically the same as given in one regular
government report issued last TUESDAY.
The various state reports are now prac-
tically the same as the government, ex-
rept Kansas, where there Is always var
iation. The cooperation between the
government and the various state asrl-
cultural bureaus make the figures prac-
tically the SAME. although the reports are
issued at different dates, the government
coming out first.
While sentiment in wheat Is moderately
bullish, it is mixed on corn and oats,
but there is not the disposition TO press
The short side Of the coarse grains. as
there is not much prospect Oh large
profits.