The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-11-20
Chicago Grain
y 'HNsTIN ID, WIIHNFIN.
Omaha Iirs Leassd Mire.


Chicago. Nov IA broader trade
With advancing prices % the highest
" the season for all grains was on
last week. with the gains well held at
tbe last Net gains on wheat were
rs 10 slice. corn "a 20 Q rs. oats
10 &C and ryo Size. Advances
we're made in the face ~ liberal re
alizing sales By large holders who
were tnking profits Eastern specu.
lators ns well as the country traders
were more largely represented on the
buying side than for long time. The
feeling ia more cheerful throughout
the grain trade and the agricultural
sections and general business has i'm
proved
Tint constructive leadership can &C
complsh nm Immense amount of good
Tor the producers and for the business
and financial interests IN general has
been demonstrated by the action OF
the grain markets, values having nd |
vanced irregularly since the middle OF
September IN wheat and the middle OF
August FOR coarse grains. AZ that
time tho outlook for higher prices
seemed hopeless by the rank and file
~ the grain trnde, while those most
vitality Interested here and IN the east
sized up the situation and by their
stahillzing efforts succeeded In turn.
ing the mental attitude Of the trade
from pessmistlc TO optimistic chan.
nos md Improvement has been
steady.
Futures Advance,
Wheat futures have advanced 81 70
.29.c coln ~ 20 zoe onts, ~ 70
snaron's lowest with December leading IN Z
al grains II hss been evident 20 those
who bought when The markets needed
sisblllzine. that with grains selling be-
low production costs. nm advance was IN.
tqiiable ~ tho present level Of values
tho impression ~ trade leaders II thht =
they come more nearly representing real q
values ana nrs oxpeeted 70 20 higher be. y
fura nfxt spring For the present sharp b
fluctuations are TO be expected ana the
markets are more tYGssided, with tho pun o
llr looking for shll further apprecia. d
Recently wheat vas hoped ~ corn y
Sow whoJt Is said 20 DO assisting IN giv-
ing strength 10 corn. All reports from Z,
abroad Indicate that tho demand for 4,
an the surplus WhsBt and rye that lead. "
lnE exporting countries have. VIII be
NJ cdod 70 feed Europe and that the money
supplies are needed Foreign stocks have ca
boon allowed 10 run down and need re- a.
~
Corn Prices High. ~
Corn prices arc 0t Tho highest ~ the ~ :,
,Cns0n and trade expectations are that y,
hey have not reached the top. Farm %
re and country holders Of corn have -,
ieeu gpeatly benefited by the advance ~,
u prices IN tho face Of the largest move a.
nent during tho past two months the hs
fade has known IN years. Urinary re- Ike
cipts aggregate s0,55s,000 bushels. with NJ
6 $50 600 bushels last year Isl
The corn situation 10 most unusual an
no Grain that usually comes to chi
ago from western Iowa X moving to the sp
vest Nebraska In also shipping corn to ?5
'aaas Colorado New MeAico, wyoming, rs
'tah points and the Pacific coast. Feed I'M
~ operations are the largest In years.
he south IL taking more corn than usual,
lille the east is buying very little. Elk
ort demand has fallen off, yet clear Pr
noes continue large and cash corn brings 70
premium In the local market ~
Two months ago the trade believed an 'u'
dvanco in oats impossible because of the
inlted interest on the part OF tho out
do trade The advance shows how easy
IL for the trade 10 be wrong and what
an be accomplished with a little con-
ructive work by few operators who be-
eve that grains have real value and es-
scially when they ae below cost OF pro-
1ction. tin
Farmers are getting 55c TO CSC for their 70
Urn In the country, or 2bc to 30c moro 50,
ian last year as year ago prices were
round the lowest OF the season.