Omaha daily bee., 1922-04-06
Chicago Grain
By CHARLES d. MicHAELS.
Omaha Nee isSs~d Wire.

umshs Nee lsaA~d wire,
Chicago, April s.-TheoFies as 10
an ultimate scarcity OF cash wheat
apparently were abandoned by longs
today and liquidation started IN the
May, which declined nearly Je from
the finish OF the previous day and
closed with a net loss OF : JHse,
July showed stubborn resistance 10
pressure and lost only 5-se, while
September was off s-se. Corn was
lr4Mlr2c lower. oats unchanged 10
i-se lower aud rye Lac higher Tor
the May.
Houses with wire connections
with a leading New York stock hrm
were free sellers OF May iFoW the
start and there was also good selling
OF May and buying OF July by other
interests. The May-July spread nar-
rowed until at the last Il was i J-+e
difference. the smallest so lar aud
compared with ise Monday.
July Well Supported.
ON all the breaks July received slssl'
leht support and surprised the trade by
opening ls9ie higher in the face OF .
decline Of y gid In Liverpool, only 10 ssss
Oft later. Reports on the cash demand
were OF q depressing character and IN the
past two days $4,000 bushels hard winter
has been bought 10 come here from ~
Joseph, Mo-. and Omaha and 100000
bushels sold 10 go 10 store. Export de-
mand was fairly good, with numerous
orders somewhat under the market. hut
only Msnitobss were taken. Crop reports
continue 10 show dseidclly mixed eondl'
tons in the southwest.
Corn showed fair strength early. but
when wheat weakened the support was
the low point. was rather heavy The pres
sure OF cash grain continues TO he the
main besrish influence, Bulk OF the
trade In oats was with spresders and
elevator interests. with the latter buying
May snd selling July at .hs difference.
and tho reverse. Wet weather continues
TO have some effect on sentiment but
despite this oats futures Al tho inside
were within sole OF the lowest figures
on the crop. Domestic and export demand
light. Receipts were i3s ears corn and
~ cars oats.
Reports that Russia was in the msrks,
for rye with sn increased offer over
cargo for shipment 10 that country 70.
Gently caused futures TO show independent
strength. Final trades were about the
top
Tit Notes.
Pressure OF wheat from the Missouri
river with $50. 900 bushels bought at oma-
ha and 81. Joseph the past two days. with
and most OF the rs cars shipped from
Omaha Tuesday destined for Chicsgo.
brought liquidation by holders OF May
wheat. as well as short selling.
There was also heavy selling around
81 30 and under for the biz holders in
New York who have been hIuidating Tor
several days.
The impression at the last was that the
heavy sellers OF the two previous days
we're taking profits on the break under
81. so for May. Selling OF July and buy
ing OF September at So to &c difference
wes quite popular. but the big interest
OF the trade is being centered into July
wheat.
All the news was bearish and a few
traders remarked at the last that pos
sibly they were too much so as on most
occasions when the news Is so one-sideu
the market has a habit OF reacting when
least expected.
Transferring OF cash wheat from Mis-
souri, river markets does not make any
more grain than heretofore. and makes II
more accessible for the eastern exporters,
among traders in general. although close
students Of the market say 1t is done
for effect. They regard the foreign sit
uation as favoring holders and the weak
ness and decline abroad for the DAY as
n. B. Updike OF Omaha, who was here
today enroute east, talked bearish and
was credited with selling wheat and corn.
He has also sold $4,000 bushels cash
wheat at Omaha to come to Chicago.
New York. Cotton.
New York. April 5.-The cotton mar
ket was quiet and steady early. but lost
ground in the late afternoon. Prices
We're advanced some to 3 points with the
opening gong. but before the end OF the
first couple OF hours the market went
to about a level with Tuesdays close and
in some cases slightly below; -
erpool interests and the trade: 1t was
very much Of a professional waiting mar.
ket but sentiment was bullishly affected
by the firmness of securities and ex-
change. :,
Market movements continued small and
meaningless in the later business. In
creased Wall street liquidation and selling
for spot house account. based on revised
NOTED a decline of 10 to 20 points in the
last half hour The market closed at its
low. . to 20 points under yesterday.
Spot market was quiet; % points de-
175Oc, 10 points decline; New Orleans,
1675c. unchanged: Savannah, 17.13c. un-
changed: Augusta, 17.O0c, unchanged; !;
i7a5c. 10 points points decline: Little Rock
1915, unchanged
New York Sugar.
New York. April 5.-The raw sugar
market was a little more active and prices
were firmer, spot Cubas being quoted at
2hc cost and freight, equal to 4.11c for
centrifugal. with second half April at
s-16c, cost and freight. equal to 4.17c.
There were sales Of about $1,000 bags Of
Cubas for prompt shipment at quoted
prices and $4,000 bags Of Cubas for second
half April shipment at 2hc. cost and
freight. with rumors that 2s-16c. cost
and freight. was paid by operators for
second half April shipment.
The raw sugar futures market was
firm. but orders were pretty evenly di-
vided and there was little variation In
prices, final quotations being unchanged
from the previous night. May. 2.61c;
July. 2.7sc: September. 2.s7c: December.
3.01c
There were no changes in refined sugar
with fine granulated listed at 525c to
$500. The demand continues Of fair pro-
portions. principally at the inside prices.
Refined futures were without transac-
ton. Closing: May. 5.s5c; July, S0oc:
September, 6.10c.
New York Coffee.
New York, April 5.-The market for
4.A -