The Omaha morning bee., 1922-12-02
Chicago Grain
~ CHARLEs d. MICmAEIs.
OInahe Nee Ic...d VIC


\ Chicago. Dec. i.-Grain markets
were unsettled and while the greater
part OF the news was Of bullish
I character there vas an undercurrent
of bearlsh sentiment and the best
prices we're not maintained. Decem
ber wheat acted tight and went TO
3d. over May nj one time, closing at
aAc over. gaining nc for ths day
while the deferred futures we're off
Ag.c. Corn finished NC lower. oats
&c higher 20 sc lower and rye sW
| &c lower.
Liverpool wheat was iniNd high.
er as compared with Wednesdays
finish. and there we're bull.sh cables
from Argentina with private estimates
making the surplus i2s 100000 bush.
els or 1000 900 bushels less than the
recent government returns. Austria.
Ian crop was estimated NJ l05,0OO.0OO
bushels or In line with the trade
Ylows, while the Canadian crop at 3si,'
900 900 bushels with the three western
provinces having 3640000o0 busheln
was smaller than looked for.
Sentiment Miscd.
Thoss was persistent buying Of December
eBu selling ~ May by strong commission
Hnuser With local ssniimsnt fsthsf mixed
rhs pit tfadsrB were generally long over
he holiday and went out Of Their holhinss
IN an safly bulge. A. t1.is for May llD-
erai resting orders 10 sell were encounter
II which checked the advance. Cash prem.
iIms on spot her. were firmer. Export
demand generally was slow. with sales OF
around 400, 900 bu1hrls maniiohss
Decsmher corn sold up % f2he, new
hiah FOR the season. in the early trading
but ilauiiatiOn Of a long line through
broker. combined with pressure from com.
miTsion bnurcs erused reaction toWMa
ths last and the finish was heavy New
SO. 4 grades Of cash corn weakened sharp
y toward the last. going 10 lW2e under
he December compared with hWle OYER
recently. Domeatlc cash demand was fair'
With receipts $50 carr.
Nearby deliveries OF oats sold Al equhi
% IN. highest figures Of the season early
on abort covering, but weakened later with
other grains December finished Nc over
May against Nc over on "Wednesday De.
1iyeriep were not heavy. Receipts III ehrs
with shipping saies $4,000 buBhelA
There wss a good clnsS of buying In rye
| asrly. but MS soon an II ctaHen Vsln'D
yeakencd and the finish WAS about the
bottom Deliveries Of 74i. 900 bushels went
| 70 cash hOusts.
! Many Of the PIT operatorr In wheat ana
| corn favored saI-s on bulEss vhlls close
| Observers said they saw nothing weak in
| the situation ami believed that the weak
ness developed from time 10 time will only
be Temporary.
Yorelsntrs were large buyerF Of wheat
and corn futures here early which absorb-
ed surplus offerings and assistsd In maxi
Ing tho highest prices large quantity
| Of long wheat and corn camo out on the
| bulge which checked further apprecia-
I lions
Efforts on the part Of the sdnninistrat ton
A. Washington 10 rush the move for farm
credits IL having n strengthening effect
on holders OF corn In the country. Re-
ports from Illinois and fows were Of o
slight increase In offerings from farm
ers and elevators
Winter wheat acreage for tho United
states this season IL 4I.777 900 acres. COM
pared with HsI7.oO0 scres last year.
according ~ rspor, by the National
Ginhers' association. Conditions 81 Agsinft
s2.2 last year.
Many feeders ass netting u byahsI
for their forn marketed IN tho shape
OF cattle. according 20 estimates made
By an Omaha man.