The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-10-24
Chicago Grain
BY CHARLES -. MICH,fIs.
Omaha Isee I~aped Wire.

Chicago oct 23--Grain value
moved IN an erratlc manner with I
reduction IN the December MAY
spreads, particularly In wheat. Tho
difference al the last was "a 10 use
Al the last wheat was ! sc higher
10 bssc lower, the latter on July. Corr
vas lsN e. higher. oats iSml.ic
higher and rye : Sc higher .s
Local sentiment IN wheat was mixed
early, but on the breaks there was q
good class Of buying. especially IN the
December which showed stubborn re-
slstanco to pressure throughout The
day aud finished within a fraction Of
the high point Future buying Of
May at Winnipeg aud selling Of May
and July here served 10 keep The lat.
ter Two deliveries within moderate
bounds, aud upturns, while frequent,
were not maintained.
Frost reported in Argentina with
! damage 10 wheat and fax feared, but
/ had little lasting effect on the market
Liverpool WIS of | 2 10 SD. falling
To fully reflect the decline IN America
on SATURDAY Supplies on ocean pas
sage decreased over 1000 900 bushels
for the week while the domestic Wis.
ible increased $4,000 bushels. Re.
ports on the car situation were spot.
ted, with a little Improvement In some
sections. n
Corn Trading Light.
A bfgak Of around iAg In cash
premiums took the edge on the bull
market but IN the face Of this. December
showed more strength than the dofafre
deliyefies aud Bf the last, w1s only ~
under the May. Trade on the whole whl
light with some Of the local bulls dis
poscd TO add TO their holdings on the
breaks while the most effective selling
was by pit traders. No. 2 yellow corn !
sold down 10 3Ac over December against |
7hc over at ono time last week. Re
ceipts b23 cars.
Trade in oats was largely Of local
character with buying OF December and /
selling OF May early by compassion
houses ct Nc difference. cash trade was
fair with receipts la cars. Basis IN the
sample market showed litlle change
Reports " large export business
with Germany, with sales Of $40.
900 bushels now IN the east TO exporters
BY a local house. had strengthening 81 /
icet on rye sales to Germany since |
last Friday were reported AZ lt50,0OO |
bushels NO on track sold at 1Ac |
over December, with receipts 80 cars
Pit Notes.
The heaviest selling or December and
May corn was by Joseph schriner with
iellman the largest individual buyer.
December corn, which has been the
weakest Of late, showed tho most strength
WIN q gain OF Nc az compared with
Msy There was good buying OF Decem-
Der and selling Of May at lc difference
Al times
feature IN the wheat trading was
the buying OF December and selling Of
May which strengthened the December
he spread was reduced to VI 10 Nc at the
f'nlsh. Buying Of May In Winnipeg and
telllng Of July at Chicago was on an
decreased scale. At the close Chicago
July was &c over winnipeg May
Tightening Of the car situation down
state was reported after a few days of
AIR supplies OF cars The surplus Of ears
there has been loaded and the ears NAV
not be available fora week Buffalo re-
ports better car supply there, railroads
furnishing 800 cars day and expect to
give grain shippers 700 cars soon. This
Z expected to clean up the congestion
there ere long.
The situation at Buffalo Is better Grain
Elevated October II and 20 was 2s9 600
bushels; afloat, 1891 900 bushels. I'm tran
'it 1,SI6,0 600 bushels; loadings Tor Mon
real 10000 bushels: Erie Canal, $1,000
bushels, railroad loadinRs $40 cars
Cash corn premiums In the sample mar
tet here have dropped sac n bushel from
he high point OF Friday to SIC. over De.
'ember for No, yellow and 3 he over for
No, mixed and white.