Omaha daily bee., 1921-08-24
Chicago Grain
By CHARLES d. MICHAELS.

Chicago Tribune Omaha Bee Leased Wire
Chicago, Aug. 23.-Wheat prices
were irregular during the greater
part OF the day, markets fluctuating
rapidly. Bulges met with good
selling orders and the buying power
was improved in all material breaks.
Toward the finish big rally was
shown and final prices were at the
best points.
Heavy sales from the local market
to exporting interests furnished the
incentive for general buying late in
the day, which resulted in the big
advance recorded. The amount of
business given up for export was
100000 bushels, and there was an
additional 100000 bushels corn sold
for the same account.
Domestic sales were $1,000 bushels
wheat, 10000 bushels corn and
$4,000 bushels oats, 100000 bushels
of the latter being worked via lake
and rail. Wheat closed A@lc
higher; corn, steady to nc lower;
oats, steady to 1sc higher; rye, un-
changed to Nc higher.
Sentiment Mixed.
Initial prices were higher, but a few
market worked lower only to rally again.
Sentiment was mixed and the trade in
general was cautious in making commit
ments. Outside interest was lacking and
this discouraged early buyers. Reports
from the east stated that cables were
disappointing, as the bids for wheat were
&C out of line and southwest advices in
dicated that many farmers stopped selling
dropped to below the 81 mark.
Subsequent to firm start, corn prices
displayed decided weakness. General in
terest shown in this cereal continued of
minor nature, particularly so on the
buying side. Local professionals were
sellers and the offerings were taken over
by commission concerns. Receipts were
fair. Expecta tons are for a let-up in
the movement in the near future as farm
ers are showing less disposition to sell
their grain to arrive.
Oats soon lost their opening firmness
under q little scattered selling and ruled
shade under Mondays close. The mar
ket displayed bit steadier undertone,
however, houses with country connections
appearing less anxious co sell. Shipping
sales of round lots were reported early
while lake shipments to Buffalo over
night were reported at 100000 bushels.
,hsssf Cash ISs,,,y rye was 1sc lower under more
L,
No. 3. CSC. and No. 4, 92@s2hc
Pit Notes.
Late reports showed that shipping sales
of wheat here were $4,000 bushels. which
included 100000 bushels taken by ex-
porters.
Foreign crop reports show a generally
satisfactory out turn for wheat in all
european countries with the exception of
nussa; Russ win Winter ,,., wheat in Spain was
andn barley. In England yield of 80
acres is expected. The crop average is
said to have been good in Scandinavia.
France has secured good wheat crop.
Current estimates of a 1900, 900 bushel
corn crop may have to be revised a good
deal. according to r. o. Cromwell of
that the late August corn factor is the
question Of filling. Fields may yet vary
10 bushels per acre. The corn condition.
as a whole. is spotted and overestimated
by the country.
Corn on, spot at Liverpool is reported
Corn futures trade at Liverpool is quiet.
The demand for distant shipment par
cells is slow in spite of the strength in
spot prices.
The wheat crop of the Canadian north
west provinces will be about the same as
Press. Drouth, hail saw fly and rust
cut down the early promise. which was
for a much larger crop than in 1920.
Winter rye was satisfactory. In Manitoba
about 60 per cent of the wheat has been
threshed. Labor supply is generally suf-
figures are as follows: Wheat, 24s, $4,000
bushels; oats. 357,00o.0Oo bushels; barley,
81 1334,O 900 bushels; flax, 6,099. 900 bushels
and rye. 10,S35,000 bushels.