Omaha daily bee., 1921-07-19
Market. Financial and Industrial News of the
Chicago Grain
By CHARLES D. MIcHAELs.

BY CHARLES D. MICHAELS.
Chicago TrIbune-Omaha Bee Leased Wire.
Chicago, July 18. = Additional
weakness as the session progressed
was witnessed in the grain markets
and the close for all grains save rye
was at lowest points. Liquidation
on large scale and further profit TAX
ing sales as we'll as hedging pressure
were features. A. private message
stating that the Department of Agri-
culture estimates the Oklahoma
wheat crop at 50,0O0,0OO bushels or
100000 to 100000 bushels more
than the last government figures, the
heavy movement from the interior
to all terminal markets, elevator sit
uation locally and forecast for cooler
weather in all parts of the belt furn-
ished the incentive for the selling
operations. Wheat at the finish was
3A@3Nc lower; corn, 1S@2Ac off;
oats 1@lAc lower and rye 4c off.
Provisions were irregular, pork show
ing a gain of 5@10c, while lard, and
ribs declined 171a and 221a@32Hc,
respectively. Shipping sales were
l25,000 bushels, including 100000
bushels to exporters; $4,000 bushels
corn; 35O000 bushels oats and 5000
bushels barley. Vessel room was
chartered for 100000 bushels wheat,
10000 btshels corn and $4,000 BUSH
els oats!
Wheat Prices Lower.
Lower prices were recorded in wheat.
There was a general disposition shown
on the part OF longs to aGs deaace
sion of values. Commission houses ap-
peared to- have good buying orders on
all setbacks. especially for the sept,
&c discount under the December. Trades
was impressed with heavy. movement
from the interior. receipts locally and md
in the southwest running well above st,,note Sote
being for 1880 cars. Cooler weather
forecast all over the belt also had ef-
feet in restricting new buying.
and there was no material change in the
basis Exports of wheat for the week
were 100000 bushels compared with
bushels year agn here
233,000 bushels shipped out Saturday via
the lake to Buffalo. r., r,,,a.
Germ Starts Firm. - ! ~ :.
Corn was inclined to firmness at the
start, but on subsequent trades the market
A good class of commission house buy
ing was in evidence early and this ac-.
counted for the upturn. However, on the
bulge local professionals took to the SELL
ing side, prices yielding readily to this
pressure. Receipts were estimated at 24o
cars.
After displaying Independent strength
during the early trade oats eased Oft
q Ia w
mission house buying absorbed the pit
offerings at the outset and prices gained
Locals continued to sell on the hard
spots and gradually buying powers
Cash started steady. Country offer
ings light.
rye sold at sl2S and No. 2. s12S@1.s3.
Exporters were reported after rye.
Pit Notes.
State Commissioner Holmberg of the
agricultural department Of Minnesota
says the rain that fell over large part
Of Minnesota Saturday came too late to
benefit oats and wheat crops in the south
the wheat yield will not exceed 60 per
cent Of normal and said oats crop is
poor. In northern sections OF the state
muggy weather will spread rust. he says,
hut clear weather might result in fair
yield. All yields, however. will be cut
down as result Of recent excessive
heat. Corn in splendid condition in all
parts OF state.
Private Paris cable said wheat cutting
has started in France and Belgium and
that good crops were assured.
Clement, Curtis & company had the
following from the east:
Several private cables intimated that
there had been very good export busi-
ness in wheat over Sunday with Ger
many"
Wheat Area Smaller.
The Washington department Of agri-
culture estimates wheat area of II coun-
tries for which statistics are available at
100000 acres against 155,000,000 acres
last year.
Government field agents summarize
crop conditions in Indiana as follows:
Another week of intense heat, with
showers, has caused considerable dam
age to all crops. Firing is general in
corn in the southern counties and all
fields are suffering from lack of rain
Winter wheat yields have been disap-
Oats cutting completely; yield
reduced and quality poor. In Illinois corn
is in critical PERIOD; firing in numerous
localities. General rains are needed at
once. Wheat yields not running as high
as expected. Oats suffered from heat
and drouth. Harvesting in the northern
section. Light yields are certain"
Seaboard clearances were: Wheat, L.
100000 bushels; flour, $4,000 bushels;
wheat and flour combined, 100000 bu-
shells. corn. 1900 bushels; oats, 10000 |
bushels. 1