Omaha daily bee., 1922-06-03
Chicago Grain
By CHARLES d. MieHAELs.
oa.h. h~s Issss.i Wire,

usshs n~< issssd Nsss
Chicago, June a,-Laeal traders
made numerous attempts today "a
advance wheat values an spPTesen-
slons al crop damage from rust in
parts OF the winter what bell, bu,
failed 20 secure any assistance and
eommissien house selling toward the
last caused a break, with the finish
i4Mi.e lower. Corn was off sc.
while oats were ile higher aud rye
4M ise higher,
Numerous messages were re-
eeiysd from the southwest and the
Ohio valley indicating that the
wheat outlook was less favorable,
due TO the rapid development OF rust,
and government agents confirmed
reports OF black rust IN Texas
Harvesting IA OF in the latter state.
however. and no material damage
was anticipated. Some oi the local
professionals were good buyers Of
July early on the rust reports, which
more than Offset a break OF 5sMl id
IN Liverpool and At the top prices
were up ii@ie over the previous
days finish. On all the bulgeS
wheat came out through commission
houses and the close was easy.
SPOT Premium. -t,ishsr.
Mining. demand shows Improvement
ana premiums on spot here were 10 se
higher on red with thieaso about the
ehsspss, market In the west. Maysmsnt
has fallen off materially, Exporters ga.
changed futures here Tor the cash sfaln
ana the seshoafi reported 900. 900 bushels
sold abroad. Local houses bought ieo..
900 bushels new No, red or hard winter.
shipment by August Is, At July price,
There were aneansirmSd reports Of hsr.
ssstinx having started In Missouri.
Corn and oats held within a range OF
sbou, isr. with trade mainly Of local
character, Sentiment va. mixed. Re.
nnoyai OF hedges against export sales at
tho ssabosFd was a factor in making an
advance In corn early, hut the finish was
within fraction OF thu bottom due 10
pressure from commission houses. Eir-
yator interests sold July oats and the
country offered new No white for
August shipment at equal TO ic under
september. track here. crop reports on
pats were rather pessimistic. Receipts
,orn relatively &c better as compared
With July.
Buying Of July rye by houses with sea-
board connections offset the hresk in |
Some export business was put through |
~ the seaboard.
The grain trade IL mixed with most |
operators favoring the selling side on |
,ulges. This Is especially the ease among |
he wheat traders. few locals are |
TO the buying side on sharp |
.reaks. but meet opposition on bulges. |
Bearsh local professionals say they see |
title In the market at present. Those |
who have tried TO secure buigss on bad |
'rop news meet with no announcement |
n the way OF outside help.
Cash handlers were divided in their |
opinions as to the demand One large |
exporter who made good sales OF cash |
wheat on Thursday which made him feel |
friendly TO the buying side then said |
onight that he was unable TO sell wheat |
broad Friday. which made him bearish. |
Another cash man said he had bids for |
wheat from all sections which he refused |
o accept. Red winters are hard TO buy |
md local miller paid sL23 or ASc |
'ver July for choice car.
"A conservative trader, after hearing all |
he market gossip. said at the close that |
he trade in general was too bearish |
o get very far in the way of lower
ng prices. As to wheat he said there
light changes In wheat to make him |
'e1rish As TO corn he was friendly and
believes that consumption in the country
fas been larger than claimed.
SesuiHs OF spring wheat In tho Canadian |
northwest is completed and that of coarse |
'rains is nearly finished, according to the |
weekly crop report OF the Bank OF |
Montreal Hay promises q large crop in |
Ontario.
Crop through this territory uneven"
wired George NJ. Lccount 10 Stein, AIstein |
Co. from Anthony. Kan. Some light, |
MIN fields, but general condition salts.
factory"
corn planting in Indiana Is nearly COM
,letcd according to the semi n,onth,v ro
bort o: George c. Bryant of the Depart
merit OF Agriculture. Nearly all fields
rcedy and stand irregular. Acreage con-
idcrably short of last year.