The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-10-31
Chicago Grain
by CHARLES D. MICH,EIs.

Omaha Be. leased Wire.
Chicago, oct. 30.-Graln values held
within relatively narrow limits with.
out getting very far In either diree.
ton, Local traders were disposed 70
be bearlsh on account OF light spec.
ulatiye trading but breaks found good
support, and toward the last. there
WAS covering by shorts. which made a
strong finish.
Al the close whent was kqiAc
higher. corn, unchanged 10 &c lower:
oats. unchanged to &c higher and
rye, up hG nc.
The greater part u the news on wheat
was Of bulllHh character Liverpool
worlds shipments and a much smaller
quantity thpn expected 10 the United
Kingdom March wheat there has gained
gsd on Chicago pecemto r 10 a week. and
and has also gone 90 wider premium
over Winnipeg A decrease Of I SOS. 600
huAhels In the visible supply was a sur
prise 10 the trade and had some infu.
once on values toward this last,
No Cash Pressure.
while thero were prospects Of a larger
movement IN The sbuthwest material pres
Aufa % cash grain Was reported. omaha
H0ld l0,f00 bushels hard winter 10 export
Hs mills and exporters were good buyers
q winnipeg Sales abroad IN all positions
we're estimated Vt 900. 600 bushels by tn.
soaboard but the days business consider
ably exceeded this figure
Corn showed heavy undertone good
part Of the day with the highest figures
made a. the start In sympathy with
wheat Local traders we're on the selling
side early, but covered toward the last.
Dgtnflber vent 10 Il under Mat at the
laat. the eHser tone In cash corn being
"A factor Demand ff0n IN ta
Improved with sales ~ 49, 900 bushels
here and Illinois and Iowa points reported
the gulf outbld1ing Chicago. Receipts $50
cars oats showed stubborn resistance 10
pressure. and averaged higher Cash
houses were fair buyers of the December
with 100000 bushels sold TO exporters
country offerings small Receipts OF I73
ears found demands less active and the
basis was easier
Exporters and cash Interests were free
buyers or rye. and II WINS reported that
large buslness had been put through
with Europe. Sales Of 1850 900 bushels
were claimed AT the seaboard but the
luylng suggested a much larger total. Tho
Two northwestern markets had 1I30 cara.
TIT Notes.
A constructive feeling exists among the
Hfhin Traders although a number expect
to see wheat sell off n few cents before
there IL coed advance. Light outside
Duying IN measure offset tho effect OF
bullish statistics
Locals were tho best sellers, and COW
cred toward the last, making the ad-
vance, few Of the stronRcst traders
took the offerings on the break. They
believe that there In to be demand for
All The corn that comes in, feature Is
tho competition fer the interior offerings
Tor shipment 70 New Orleans and tho
southwest at / TO 4hc over Chicago the
latter market Tong relatively toe low
10 nttrnct big run.
Lowering OF cash premiums on all grains
II Is believed by cash handlers would i'm
prove tho demand from supporters and
curtall arrivals from the country. and in
all, make n better market. A local corn
trader says that within six months, in
stead OF scarcity Of boxcars there will
be scarcity OF grain to load them. He
Ia backing this belief by buying corn fu-
lures on all good breaks.
Grain Offerings Taken.
Weakness and lower prices for stocks in
Wall Street was used as an incentive for
selling OF grains but offerings were well
taken and prices advanced after the sell
Ing subsided
Western Canadian farmers marketed
100000 bushels wheat last week COM
pared with Is.s50.00O bushels the previous
week. and l0.SOo,0O0 bushels last year.
For the season TO date, there has been
around l76.000. 900 bushels, tho largest on
record. Winnipeg prices averaged higher
but failed to hold the full gains, although
exporters were large buyers there.
Fort Worth grain man wired that
there Ia more OF a demand for grains than
they can I'll. Mlllers want wheat, and
feeders are after corn and oats for feed.
feature In the southwestern situation
is that there IL a demand for corn and
oats from sections having surplus last
year
II was claimed by close observers at
the last that the short interest has been
reduced and should Liverpool come lower |
they expect lower prices for wheat. the
market being strained as they saw It.
Chicago Live Stock.
rhioago Oct 40 --(tTnitpd States De, |