Omaha daily bee., 1922-04-26
Chicago Grain
By CHARLES d. MicHAELS,
OsAAks Nee issssS Nns.

oAAhe nee bSoesS WE
Chicago. April !s,-Rumefs OF
private settlements having been
made in May wheat combined with
heavy selling By eastern aud western
longs, These rumofs more than
offset strong foreign markets and
an active export demand and the
close Was al net Losses OF l-saie on
the deferred deliveries. and s7-se
on the May. Scattered liquidation
Was on IN corn and oats. Corn
closed iai l-se and oats l-t4S.ss
lower, rye was OFF i-eMi 7-se,
hlshss, prices for wheat we're made
May issilhs as the result of al uptafh
OF IA 10 Ia IN iissfPssl, fAFss
sslllha orders made their appearance snd
prices started downward rapidly, iessl
we're uncovered in May on ths sss down
and 70 MAS hard 20 execute orders at
limits ~ the inside May was st,ioa.
% sse under the hish of ths pfsyisus
Hu,,ns Jul, Wheat.
july sni September met with sead
support on the break with houses siIl
.ssbesri connections Eeod buyers Of the
july, hsdslns against sales OF new crop
Nthfrfs abfudI,
sales in all positions were reported al
more than i,pbo,ooo bushels. Including
aufums and Mahltabas for nearby ship
nlents Tho Msy.Juiy difference narrowed
10 is.e at the last. The Juiy-sspiember
per,s rsm.n ,sa ,,sn ,a,s. re-
southwest ~srs better. heavy rains In
Kansas.
Liquidation In Nay.
Liquidation was In May corn and oats.
with scattered holder. letting so freely,
With the decline In wheat, a lower range
easily was established. Reports OF a
liberal export demand for corn at the sea.
board and OF marked Improvement In
tho domestic cali for oats had littls ef-
feet Field work has been suspended Ia
The weather forecast was for general
showers Traders arc commencing TO
anueipats an increase In the movement
Of cash corn. although corn planting has
not started IN tho central west. Ship
ping sales here were iso.oo bushels.
corn, including 100, 900 bushels TO tho sea-
board. and 10000 bushels oats. Receipts.
los cars corn and So ears oats.
An active export demand prevailed for
rye. liberal business WAS put through
at the seaboard, while Chicago handlers
sold 5000 bushels TO go east. The east
and the senbosrd were good buyers OF fu-
lures while the northwest sold.
Pit Notes.
Eastern, western and local longs wero
the leading sellers of May wheat Those
who do not care TO take In the cash wheat
next week are being advised by COM
mission houses, IL Is said. TO get out.
A lot OF this class OF selling was on.
At the low point, prices were off shc
from Mondays high. As this In not q
market for any one not interested In tho
cash grain, II In said more liquidation
Is expected from time to time.
The pig thing in the wheat market
was the private rumor that settleme nts
had been made on 5000. 900 bushels. The
report went the rounds OF all markets
and. came back. 1t brought In selling by
longs In general and was the main fac
tor In forcing the break.
II was the gossip today that the lead
ing local SHORTS in May wheat have no
interest in that delivery, except against
the cash grain held which is to be de-
livered. Vessel room for $4,000 bushels
corn was taken here today at 1Ac to
Buffalo and $4,000 bushels went to
Montreal This will assist in making
storage room for wheat which is to come
here from the west.
Chicago Leads Break.
While May wheat went in Chicago broke
SIC, Winnipeg only dropped &c In the face
Of reports that houses that were short in
were selling freely in Winnipeg.
Canadian mills ground 125,o0o. 900
bushels wheat this season to March
against 1ol. 900, 900 bushels last year.
wheat is being Apld to Minneapolis. G.
f. Lewis & Co., ofNinneapolis wired that
two or three cars OF Manitoba grain had
arrived consigned from Winnipeg and the
shippers took a chance that It would
grade No. 2 northern. No great profit
was made by the transaction.