Omaha daily bee., 1921-08-18
Chicago Grain
BY CHARLES. D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire.

S'.S"ev AhAUuiC.o"nu0 ADeo A<hStu W Ire.
Chicago, Aug. 17.-Final prices in
gram markets were around extreme
low points. Late in the session
prominent commission concern af-
filiated with eastern interests became
heavy seller of December wheat
and this led to general liquidation and
lowest price levels of the day.
Corn and oats again recorded new
low points for the season. The un-
favorable situation existing in indus
trial circles is having a depressing
effect on the local trade and longs
IN general are showing an increased
desire to liquidate their holdings,
while the bearish element is operat-
ing more extensively on all bulges.
Resting spots for wheat were 2H@
IN lower; corn was off M@Mc and
oats 3sc lower. Rye declined lM@
@c. Provisions recovered a good
part of the early losses, but at the
finish showed a decline of 25c on
pork. 25@35c on lard and 22H@30c
on RIBS. Wheat premiums were lit
tie changed, though showing firm.
ness. Corn basis also ruled firm and
oats were h@lH higher, relatively
on No. 2 whites.
Wheat Prices Drop.
Wheat prices continued to pursue
placed in the selling side by local bears
and they operated with more freedom.
h;dditional LIQUIDATION was in evidence.
ionss generally reducing their lines There
wa. fairly good buying of the September
delivery on the break by cash concern
Identified with eastern interests and this
served se,S to hold non the decline in check
night locally for export account and ves-
sci room was chartered for 200 bushels
at 2 cents to Buffalo. which showed bet
estimate today was placed at 2?5 cars
Corn also exhibited an easier undertone
and values established new low points on
the earliest part Of the session, while
profit. taking by shorts later in the day
served to rally prices moderately. Volume
commission houses fairly active on either
side. Farmers continue to sell corn to
arrive freely and the present movement is
large. Estimated receipts were for 42s
Oats were lower on renewed liquidation
and moderate hedging pressure. Shorts
displayed Stsps s,as tendency s.a to cover on the
wheat firmsd. Country offerings OF oats
continue to be offered lightly. Farmers
In the country. according to many re-
cause of the poor price they are getting
for it. Overnight shipping sales CT oats
were $4,000 bushels Receipts for today
estimated at 160 cars.
Cash rye closed cent lower. No. 2
sold at $1.07h @l.o7N. There were $4,000
bushels sold to 60 to store. Receipts, IL
Cash bar,ev unchaneed hut firm Malt
ing sales ranged between 669s6c. Re-
ceipts, four cars.
Pit Notes.
Country offerings of all grains generally
were reported moderate to light. wheat
and oats acceptances being small as
rule.
A New York message said: There
10 a rumor here that plans for giving
shnn, the 10 ,Ist of is ssid
there 10 possibility that q lot Of Ger
man property held by the alien property
department may be released. It is esti-
to $1,000. 100000 of such property and
there Is a possibility that the credits plan
may be connected in some way with
this"
corn and oats today and some buying Of
wheat was credited to the same interest.
Other shorts were fair buyers ana there
was g. little better investment buying Of
and a better shipping demand.
Eastern interests were credited with
buying September and selling December
wheat moderately at lhc difference.
There was some profit taking by local
traders who spread the same way some
time ago. g..
The grain trade was considerably in
fluenced by the estimate that 100000
people are out Of employment in this
country at the present time. This report
in conjunction with the adverse devel-
opments in the stock market. tended to
change sentiment to some extent in wheat
and there were more Of the local pit
traders who were inclined to keep off the
buying side. being of the opinion they
would receive but little outside help.
Contrary to expectations. cash wheat
prices at Minneapolis are holding excep-
tionally under the much larger receipts.
A wire to Thomson -McKinnon said that
the cash demand was strong and buying
Of good character, with premiums un-
changed to cents up.
Continued wet weather may check the
movement Of corn and spring wheat to
some extent. according to receivers. The
receipts Of oats here showed a marked
drop the past two days.