Omaha daily bee., 1922-05-02
Chicago Grain
BY CHARLES D. MIcHAELS.
Omaha nss IssssA Wire.

Il NHss9os hay it-NluH uncertainty
over May deliveries out OF the way,
the trade gave more attention 10 other
factors IN the grain situation. The
markets showed q firm under,one
throughout the day. closing well to-
ward the top st net gains ot ! J-S4
] 7.se on wheat, J.4a7.se on corn
and J.e@l-e on rye, while oats were
unchanged 70 5-8e higher,
Deliveries OF wheat on May con-
tracts were about as expected. They
went into strong hands. Sentiment
generally WAS more favorable 10 the
buying side and while the trade was
light 4 good part OF the time there
was sufficient July taken by houses
with seaboArd and eastern eonnee-
tons TO remove the surplus from the
pit. Short covering toward the last
found offerings limited.
Expor, demand for new crop wheat
was larger than the trade believed.
Sales in all positions were around
100000 bushels. in addition TO
good quantity Of old crop Mani.
TOBIAS. Private crop reports showed
an abandoned area above the aver
age. with the suggested crop some
what smaller than last years harvest.
The decrease OF 2l2,000 bushels in
the visible supply was smaller than
expected, due partly TO an increase
OF over 100000 bushels at Chicago.
Corn Market strong.
Corn showed surprising strength. A. no
time were prices lower than Saturdays
finish. Local traders sold early, but
covered toward ths last on the decrease
ply. Elevator Interests bought May and
sold July At 3ae difference on a broad
scale. each demand showed some I'm.
proyement with sslss here OF aoo.ooo
iy in parts Of lows, but is greatly de-
isysd in Kansas. Receipts. 2is cars.
The Msy.Juiy oats difference was mar
rowsd to ~ 70 &c. due TO buying by
only fair. Private reports sugsest .
good decrease In the acreage. Bulk OF
the oats are seeded In Iowa and In parts
Of Illinois shipping sales 100000 BUSH
Deliveries OF 100000 bushels rye went
into the hands OF exporters and the lat
ter also bought May rather freely dur.
ing tho day. Export demand was somo-
what less active.
Pit Notes.
Nay denNetlcs were huseut eApeStcu.
They were rapidly taken care OF. the
wheat going largely to Jackson Brothers
CO., while the corn and oats
went TO commission houses ana TO cash
handlers. wheat deliveries were I.3sS.-
900 bushels. corn ?.oS6.ooo bushels. oats |
f.oco. 900 bushels. and rye 100000 bushels |
or two-thirds Of the stock here.
Big changing orders were In ths mar.
ket to buy May and sell July corn at
the operators absorbed the offerings and |
made the close at the top. In oats there |
was changing both ways. between May |
and July at 2Hc difference for cash
houses
This Santa Fs roads crop report shows
improvement In winter what tho past |
week. Corn and kaffrs is to be planted
In parts Of tho western Kansas in the
abandoned wheat acreage.
decrease of only $4,000 bushels, which
led to selling for time. but offerings
were well taken. Houses who led the
selling last week were the best buy
ers.
Wheat acreage in European countries
that have made official reports SO far
this year show total Of around a6.00o.0o0
acres or about II per cent less than last
year.
Contract stocks Of wheat in public
elevators In Chicago Saturday night az
sregated 2,082.000 bushels. corn. 4.735, 900
bushels. and oats 6.651.0o0 bushels. For
corn decreased Sss.ooo bushels. and oats
It il expected that Fort william ana
Port Arthur will ship between 100000
and 100000 bushels oats within 10
days, which will materially cut down
stocks.
"Thers Is no considerable stock Of corn
in country elevators now" said II. l.
Baldin 4 Co. Of Decatur, Ill. "Stocks
Of oats have been gradually reduced IN
thu mast few woeks"