Omaha daily bee., 1921-08-17
Chicago Grain
By CHARLES D. ,MICHAELS.
Chicago Tribune Omaha Bee Leased Wire.

RldlllS S!SIoui dSSu HoiuSio VI "HS"''
forcing them to liquidate their lines.
Hedging and liquidation, together
with insufficient support, were fact
ors in corn and sellers of bids were
compelled to protect themselves.
Resting spots showed wheat levels
2 l-4@3c lower than yesterday;
corn declined l-2@l SAC and oats
ruled l lac off, while rye was off
] 1901 3-8c. Provisions were Csc
lower on lard and u l-2c off on
ribs. No trades were made in pork.
Export business in all positions
were reported at 100000 bushels
and 5000 bushels corn. Vessel room
was chartered for 100000 bushels
wheat and 10000 bushels corn to
Georgian bay and 100000 bushels
oats to Buffalo. Sales of 2O0,OO0
bushels oats made to go to store.
Cash wheat premiums were easier;
corn basis was lowered slightly and
oats displayed betterment.
Wheat Prices Easier.
An easier price tendency prevailed In
the wheat market. There was no par
ticular selling pressure in evidence, nor
was the news trickling in from the out
side of bearish tenor. The lack OF SUP,
stantial buying power, however, appeaTe,d
| to be the chief factor in curbing bullish
sentiment Volume of business transacted
was larger than yesterday. but this was
entirely local in character.
The start was firm with a little buying
| by cash concerns being noted. but there
after the support dwindled and values
eased off Changing from September to
December and vice versa composed faif
hn fro n 40 n n
| were made mainly at difference OF
l1hc. Weakness in stocks had some ef-
| feet in the way of increasing selling later
the day There wa WAS no ey,denee esr2
! while some inquiry was said to exist at
the Gulf. Receipts were fair. the esti.
mate calling for 265 cars. Cash market
| started out relatively unchanged. Cloudy
| weather was predicted over the bigger
portion of the belt ard M decided change
In temperature was forecast.
Corn Eases Off.
| Corn eased off in sympathy with the
decline recorded in the leading cereal
| Limited interest was shown in this pi,
| and transactions In general involved light
| quantities. Crop news has ceased to have
effect on this market and trade is in
wheat. Crop Expert Snow, who is travel
| ing through Indiana; reported conditions
there unfavorable. Crop Is irregular and
| much below average in fields and worm
Continued liquidation of long oats. COM
bined with hedging pressure, forced oats
Sharply lower during the early hours.
Both September and December oats sold
Der oats are at the lowest price at this
| time in nine years. Outside Interest and
lack Of an incentive to support the mar
ket are the weakening factors. Cash
started easy.
s1.oah; No. at s1.osh @l.osx. Ship.
ping sales. 10000 bushels. Receipts today
With corn and oats both down to the
lowest point on the crop, there was not
much buying apparently outside of the
| support which came on buying against
bids and some short covering. 1t was
understood that one or two good-siZed
lines of long corn were slipped overheard
of leading shorts, but the market did not
show much resistance to selling pressure
as a whole.
A change in the position of country
Lincoln. saying that bank near there
was trying to loan money to the farmers.
In that section the farmers have sold
wheat freely and the bank now has money
to loan. Farmers are trying to buy hogs
to feed, but are having some difficulty
Charters were made for 100000 bushels
of oats to Buffalo this morning.
Winnipeg No. l northern wheat was
9l.Sl Ildt, OF dDOut SIC over oC-
tober, while No. was 32c over. and No.
3. 34c over October. .....
Since July ls, l.7ss.ooo bushels corn
has been posted as out Of condition in
According to RussslI's News of New
York, there has been 1900. 900 bushels
more wheat ground and exported to date
on this crop than a year ago and Al 0o0,-
600 bushels more than in the same period
two years ago.
Decatur. I'll. wired that wheat and
oat threshng in that section was about
finished The quality of both wheat and
oats was said to be poor.
In a report covering Lake, Carroll and
Clinton counties, Indiana, B. w. Snow
states that corn has Jared badly on
thin or sandy soil. but is good on the
close examination shows more than ap-
pears from the road
One Of the best features of the wheat
trade was the relative strength in the
Sertemher.
The government estimates the carry.
over of wheat in the visible supply. mill
stocks and farm reserves on July l at
sS,7s6,00o bushels compared to los, s74'ooo
bushels last year on the same date.
e. F. Leland & Co have the following
from Minneapolis: 1.-THE harvest in the
northwest is we'll along to conclusion.
Minnesota wheat generally Is OF very
weight averages about bs pounds or over
and 20 to 80 bushels to the acre FOR
Lecount wires Stein. Alstein & Co.
from Sioux Falls, S. D.: Through
South Dakota oat belt about half the
crop is in the stack. balance threshed
Crop Is very disappointing. Corn crop
early and looking fine.
New York. Aug. 1s.-Prime Mercantile
Paper-6@6Ac.
Exchange-Weak.
steriing-Demand. ss.s4h; cables. S3.6b.
Francs-Demand, 7.72hc: cables. 7.7Sc
Belgian Francs-Demand 7.S7hc;
cables. 1850.
Guiders-Demand. 3O,a7c: cables,
31.O3c. ,,,,
Marks-Demand. Lore: cables. lo7 NC.
Creece-Demand. 5.4sc.
Sweden-Demand. 2ls2Sc.
Norway-Demand. 13.00c.
Argentine--Demand. 2s.SIc.
BraziIian--Demand, 12.25c.
Montreal-10 3-l6 per cent discount.
Time Loans--Firm; go days. 30 days
and six months. 6@6A per cent.
Call Money-Firm; high. s.; low. 3;
ruling rate, 6: closing bid, SIC: Offered
at s; last loan, 6.
Foreign exchange rates We're irregular
later, some remittances rallying and others
Ste-ling-ncmand. ss.64: cables. $3.e4h.
Guilders-Demand, 3092c; cables, 80. soc.
Marks-Demand. l.11hc; cables, 1.l2c.
Greece-Demand, 5.53c.
New York Dried Fruits.
New work. Aug. .--Apples-Evapor-
- quiet.
NJ "a