The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-10-29
Chicago Grain
by CHARLES u. MICHAELs.
Omaha Bee Leased Wire,

'aHt b'e t&orfu wire.
Chicago. oct. 2s.--Graln markets
developed feactionary tendency. due
mniniy 20 the lack Of speculative IN.
tersst than 90 anything olse. There
was considerable evening up for over
sunday on the part ~ local longs.
who found support less aggressive
than On the previous day AZ the
last, wheat showed l,4u3.4c lower.
corn Of SsQ7sc oatB, l14lf2e. while
rye was unchanged 70 i.2c higher.
Wheat prices fiuctuated rapidly
within a relatively wide range for
the week, being lowegt early, highest
toward the last and closing at net
gains Of G.sWB i.4c. compared with
the previous week. December leading.
Corn was / isc higher 10 lsc lower.
The hitter on July. while oats
we're i6N34e. and rye 2 1903 s4c
higher Lard clogod lOmi5c lower for
the week, with ribs nominaly un.
changed.
Modernt. Response.
liverpool made only moderate re-.
hr0nHe 10 the strength IN North America
W friday Wheat closed u 70 I'D higher,
milieA holding or IN that market. m.
ttoDaiinR increased shipments 10 tho
United kingdom There were reports Of
some roAellinK ~ Mauii0baH AZ the sea,
hoard, while claims ~ % the export de-
mana wff" mixed nth soma fresh busi
Bffa 10 hAhlt0bsa
BufinK ~ Nay wheat here against sales
n WMnlrfH ~ floHq spreads had some a.
faEt On values. the undftt0Ba WaH not
weak ana ~ fho main the break was re-
Fhrdfd - only natural IN view o. tho
recent sharp advance. Private cables In.
dltaifd an AuttrsSan surplus u 5000, :
eo0 Dasbfla white Br0omhail reiterated his
estimate ~ G7.0gp. 900 bushels Good rains
were reported ia Nov South Wnlos whore
they were must nefdfd Political cOndi.
t9na IN Iihly had some effect on senti.
mcHt bocembtr sold Al 20 over May 81
mo time.
Coarse Grains Easier.
CaqfHe Frafsa showed an easier under
tone, especially corn, Which was sold by
pf@let gneln fary ana later there
ns Dfpsauff on account " break OF
~ 10 pfeWttmH IN the hT'r9ie market
whore fhe demand Was rather low out
faarsea onib'd Chicago down state
for both corn and oats.
HpnrfH Win eastern connections bought
Dfcouber aud My rye the December go
ing 10 premium Of nc over the May at
the last The most effective selling was
W TOMS No 2 on spot sold ~ We over
December fbe two northwestern mar
bois had I0s cars
Pit Notes.
The setback IN corn WAS attributed 10
prrftt fHEinK Jocai EG1ng BY num-
bnr - he iHr2s traders was less favor
able 70 the buying side.
fHr0rlers have taken around 2OO0,Dop
hHfhals cash rye thi8 week, mostly from
luth Germany was the principal buy.
ff,f.s.a .,ftb f.,,na oopnoe,fo,s ,var.
TpOd buyers ~ Nay corn on the break.
They have been picking Up eatD and
wheat for several days ard q mess ige
fronu there raid 1900 bushelg NJ wheat
had been. sold there TO mills oats ere
selling ~ slightly better than Chicago
prices tn that market
a lcaboard mfBsaRe said that l106f Of
the exporters were long corn ana fables
reported Argentine corn offered cheaper
than American.
TIE down state markets reported larger
purchases Of corn from farmers. ons sta
lion buying - 900 bushels during The day
n viii be no surprise to see larger run
u corn ny the middle Of the week
Charters were made 81 Dulufh for SOW
O00 bnshels corn 10 Georgian Bay, which
VIII take out tho bulk Of stock there
"The visible supply Of wheat ~ not er-
peeted 20 show asIy material increase ~
MONDAYS report" says Thomson hcklh-
non "ard IL IN not unlikely that for
sieuafs wiIl agaln be in evidence In the
way Of export business II seems 10 ns
that Tho trend Of wheat prices Is NO
ward and thai there Is also merit IN the
coarse grains
gonthweyt whore moisture is badly peedfh.
Ilqerpool cables said the wheat lnarkel
IN tho United KINGDOM continues TO DIS
play firm undertone, owing TO hsn.r
shippers offerings ana Improvement N mo
demand for nearby parcels. owing 10 ae-
"a val RhtffufufA from America