Omaha daily bee., 1922-05-14
Chicago Grain
By CHARLES D. MIcHAELs

Chicago. May iJ.-GenefAi evening
up for over Sunday was on In the
grain markets, With relatively light
trade prices iluelua,ed rapidly withia
lair range for wheat with the close
y-sai J-se lower. iw,h May leading,
Cora and oats were dull and easier
with both grains OFF j-8@i-2e At
least, Rye was strong and J-sa J-4e
higher.
lnereasing congestion was noted in
May wheat the las, week. With free
covering by shorts prices advanced
rapidly, Though closing on q mod
crate reaction from the top. May
,howed nc, gai OF @ s-se. The de-
ierred deliveries were up l@l l-2e
as compared with q week ago. Out
side interest IN coarse grains Is limited.
Corn closed lac lower 10 i-se high
er and oats unchanged 10 lac low.
er. Exporters were good buyers OF
July rye. J lie and May 2 lie high
er. Provisions showed fair activity.
with lard of Sc and short ribs 7 IL
M2sc higher as compared with the
previous week.
MAY wheat In Esids~es.
Long May wheat came out freely on
al, tho buifes. and while there was = fair
advance at one tins. scattered evening
was under way toward tho last and
the finish was within a fraction OF the
hottom. The bulk ~ tho selling on tho
advances was credited 10 the leading bull
Interest. whiis the shorts have made fur
,hsr purchases OF cash rrain 20 come
hFfc far Heltgsfk MaN MtiIiHR
demand shows ii'lis or no Improvement
for winter wheats
A house with s-abosrd connections was
free buyer Of September at the start
and " showed relatively moro strength
than other deliveries. but wssa-ehd even-
Ing up made a reaction 20 around the
closing figures Of the previous day. Crop
reports continue generally favorable. Ex-
and the general run OF foreign news was
rather favorable 10 holders. with Liver
pool Sund higher.
Coarse grains were dull and easier.
scattered selling being mainly responsible
for lower average. Strength In wheat
early made n small advance at one time
but II was quickly lost and the lack Of
support more than ngrrsssivs selling was
an outstanding feature at tho last.
weather conditions remain favorable for
field work. and tho trade iooas for In
creased receipts of corn In tho imme-
diats future. Selling demand was only
fair.
Houses with seabosrd connections were
on the buying side OF rye and found Of
ferings rather light May was duh.
Pit Notes.
Wheat was put on .he market today In
way that satisfied the shorts. par
close tame. at the lowest of the day.
There was May wheat on'tap all day. par
ticularly on the strong spots above 3l.<bh.
Apparently II came from the ieadinE hold
ers. half dozen Of the bi. commission
houses having Il to sell. The buying was
scattered and attributed TO short cover
inx. Trade was large and general. wltA
buyers disposed TO back away at the
last.
There were inquiries for round lots OF
hard winter wheat here today from mills.
but no trades were closed. The seaboard
reported $4,000 barrels OF flour sold for
export. The trade reports had II that
large export business had been done
to heavy buying Of July and September.
particularly the latter. by export houses.
This was confirmed after the close by
a New York message saying that 10000
bushels Of new wheat and 100000 bushels
for nearby export has been sold.
Cash houses were active buyers Of May
and sellers Of July corn at SIC differ
encc. A few OF the big commission
houses are bullish on corn. Exporters
were buying oats In large volume.
Of corn and oats TO Buffalo. in addition
10 $4,000 bushels Of corn late Friday to
Montreal.
Worlds available supply Of wheat on
May 1. as compiled by the Daily Trade
Bulletin, was 223,4s0000 bushels COM
pared with 2so.24s.0o0 bushels April l..
and 2l6.5so.ooo bushels May I. last year.
The largest reduction last month was IN
United States and Canadian stocks. which
are lll,8o3. 900 bushels, against 133.01S,o0e
bushels . month ago and 7l,63o,00o bush.
els last year. Foreign supplies decreased
Ella less than last year.