Omaha daily bee., 1921-01-08
Chicago Grain
BY CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire


Chicago, Jan. 7.--Lower prices for
all grains featured the market today.
There was a good volume of trade
and news was largely favorable to a
decline. The dip was no more than
natural after the advance of the pre-
vious days. AT the last wheat
showed losses of 24 to.2Ac. corn
5s to Bc. oats q to &c, while rye
gained 3sc and barley 1sc for the
day. Wheat receipts were "a cars.
Corn had support from influential
interests on breaks and came out
fairly on the few hard spots. Traders
were mainly bearish. Export buying
was lighter with around 100000
bushels sold and some claims of
more. Cash sales were $4,000
bushels. Car lots were unchanged
to lc lower, with arrivals of 292 cars
and seaboard exports for the week
$4,000 bushels. Argentine ship
ments were lighter.
Futures Off.
Hedging sales were enough to satisfy
the buying power at times. At the In
Deliveries were I5, GEO bushels.
A feature IN pats was the selling by
the same, commission houses who have
of a gaod sized line to cover shorts
Nest of the trading in May was around
4S4c. while the range was ASH QSHc
Cash prices were weaker.
Houses with New York connections
bought rye futures against sales for ex,,
rort. Offerings were not large. Local
interestA reported 500 600 bushels sold nor tor
export in all positions. 40c over May
track New York being paid for immedi-
ate shipment. Al.
Wheat was the leader of all grains,
with break of 4c from the extreme top
of yesterday and finish y to. &c above
the low point. The lowest prices were
made on selling by New York interests,
day. Their sales were based on re-
vival of an interview with Julius Barnes.
former wheat director. in which he was
auoted as opposed & to the imposition 9rhnsn os 81
fertngs were taken by exporters. who sold
1000. 600 bushels, mostly to Germany. and
prices reacted. There was also some help
from the export clearances OF 10,sS5,0oo
bushels wheat and flour for the week.
as given by Bradstreets, compared with
6,609.000 bushels last year.
garding report that Argentina and Aus
tralia have 261.00o,oo0 bushels for ex-
port. These figures are regarded as too
% ersliy ~ IN 'ssee Excess s Of last rp'S yssrs ' '
Export sales Of wheat at the seaboard
were reported by Russells News at 1,000.-
600 bushels wheat, mainly to Holland and
Germany; 10000 bushels corn. and 1885,
600 bushels rye. In the west sales Of rye
were estimated at 100000 bushels:
Domestic shipping sales at Chica go
were IL, 900 bushels wheat, $1,000 bushels
corn. and $4,000 bushel oats, Deliveries
on January contracts were $4,000 bushels
corn.
Premiums on cash wheat remain very
firm, with dark No. l northern spring at
lhc over March at Chicago while No. /
hard winter brought l4@15c over. At the
gulf. No. l hard, last half January load
ing. sold at 27c over March and Feb
ruary at 26c over. Milling demand was
rather slow. There were plenty Of in
duiries but very few sales.
i Cash wheat prices in the southwest
were strongest. with st. Louis / @2c high
or or and m Kansas City Qsc higher. A car
apois sold at 25c over March. Millers
were after wheat there and premiums
were unchanged to 1c higher
CHICAGO CLOSING PRICES