Omaha daily bee., 1921-08-19
Chicago Grain
BY CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire

Chicago, Aug. l8.-he price decline
taking place in grain markets was un-
checked in today's session and final
levels were at the extreme low points
recorded since the downturn COM
menced. Apparently liquidation has
rot spent its force in the leading
cereal, while heavy portion of the
selling in coarse grains was of this
nature.
Commitments in the shape of short
selling were extensive in all pits and
stop loss orders were numerous on
the way down. A lack of speculative
buying was one of the principal weak
ening factors, though the economic
and financial conditions existing at
present counted strongly in the ac-
ton of the markets.
Resting spots showed wheat 3@
sac lower than yesterday. Corn was
B@l sc lower, with the December
delivery losing least, owing to pur-
chases by strong commission houses,
causing the spread in that cereal to
narrow to &c at the finish. Oats
ruled B@lc lower and rye, 3A@Hc
lower.
Trade was featured by additional SELL
ing by commission houses with eastern
clientele. Local bears were more ag
gressive on the short side of the market
and there was a disposition on the part
of some of the recent bulls to put out a
business @ es % " Rhere was evidenee
Of further liquidation, but it was be-
lieved that the outstanding long interest
is limited. Support was meager and the
only buying appeared to be in way of ac-
cepting profits of former sales, All
tulges met with increased selling pres
sure.
Corn Hits Low Mark.
Corn again set new low marks for the
season. Commission houses operated on
both sides of the market ana there was
quite bit of pressure from the bears.
Crop news was mixed, but reports gen.
orally were of an unfavorable character.
December corn was picked up by strong
interests and the difference between this
month and September was narrowed to
NC at one time. Shorts covered on tho
break, causing a slight rally. Country
offerings to arrive continue in big di-
mensions. despite the fact that farmers
are being paid the lowest price for their
product since 1908.
during the first hour. but eased slightly
later when wheat gave way. me un-
d-rtone of the market looked better, now,
buyers on the dips. Cash oats bass was
strong, with No. 2 white oats selling at
&c under September and No. white at
Cash rye, 2@sc lower. No 2 sold at
s1,O5. No. g. at $1OO@1.O2, and No.
at S1Oo ESxport demand. slow.
Pit Notes.
Sioux City wired; The corn crop In
northwestern Iowa. south Dakota ts,, aFu ara
vancement toward maturity during the
week, Hot and generally dry weather
was favorable to the ripening process ana
| viii be practically safe from frost fy the
fairly satisfactory weeks flour bust
ness is reported by the Northwestern n
| Miller in its weekly review. Bookings OF OF
their capacity. The past day or 3d. now
ever. the demand dropped off to some
some extent. Southwestern flour prices
are still, sl@s1.5O below the nprihg wheat
New York wired 'One we'll posted
authority estimates wheat shipments al
| ready made on new crop ana saies sag get "
be filled at S0,0oO,0OO to s9'ooo'UVy, pas os
shells This includes hour DIS "ei
The weak feature of the grain sltna
| ticn according to some trad"rs, Is ina
the short covering whien en- mas ,y,thent peen AM
| material effect on the fallyiES prices.
Snorts apparently have been a Die 10 COW, covei
| ad lihitum without changing Inc Nv, va
ward trend of the market Corn anu
oats have been bought freely for several
davs by the leading shorts and stiil the
market dragged lower today. ~ ,ooo
Corn prices are the lowest since nin r'pS, hy
but this does not prevent free sei,.ns nas,n ny ,
| tha country and receipts are increasiiis s
teo div with the crop practically maus % s
in ei many sections the farmers are WILING
| to sell their old corn. c.s,,, vheat
| A heavy movement IN Ca1au.aw tavn wceks,
Is Eastern export interests have been beer,
j good buyers of wheat futures , ;ns Isen pas,
two tive or three days and there ere, ma nns sales,
| ,,,,,ch r,npsing for cash to I'LL o'd saie,;
| HUH hnnnrain% 70 New York the om"unt OF
new new business booked has been moa'Fa'e'