Omaha daily bee., 1922-04-18
Chicago Grain
BY CHARLES d. MIcHAELS.


Chicago, April lT-suiiieient long
wheat came out on an early bulge
not only TO cheek the advance, but
temporarily relieve the tight situation
which has developed in that delivery,
After a range oi 5 Ia. the close ior
May wheat was ~ net losses OF &c,
Deferred deliveries were oil J l'sA
lac.
Corn closed easy with loss OF
s-s@S-+e. Oats were l-ia5rsc low.
er: rye unchanged.
Stop loss orders were uncovered III
MAY wheat early. with an advance TO
Si.4s. prices varying l.id -2e be-
tween trades. Above Sl.4A there
was persistent selling by commission
houses. While shorts were free buy
ers throughout the day, the pressure
continued and made a good reaction.
BUYING OF May and selling OF July
Widened the difference TO Ia cents al
one time. A, the last the difference
was around Is sac, against 10 liza
lie Saturday. The market was a big
broad affair throughout the day.
Change In sentiment
Some change In sentiment was noted
In tho deferred deliveries i,Snss svIa
had hs.s advance enough, NJ change IN
crop conditions was noted IN the south
west. Export demand was slow because
Of the holiday abroad busno. aHss
expected IN grain 10 ocean passage ior
the week. owing 10 light world shipments
which aggregated around 100000 BUSH
els or nearly 100000 less than the preNi'
GUS week,
Early In the day corn and oats were
flrmer with weat and on continued Wet
weather over the grain belt Later thry
eassd off sharply on profit taking by com.
ment buying Of July oats by houses with
country connections. Longs In May corn
transferred their holdings 10 the july;
Cash demand was slow with receipts OF
III cars and iit cars oats.
Houses with seabonrd connections were
good buyers OF rye while the selling was
mainly OF q local character ana Tor pa-
luth. No export sales were reported
Pit Notes.
A leading cash man expressed the View
that with present premiums prevailing
for May wheat there would be plenty OF
wheat In many places where now thefe
was supposed 10 be little Moreover. ne
stated that there would be plenty or
storage room available. contrary TO the
view OF some traders who were long
May on the theory that there would be
no room for wheat. 1t was evident that
shorts who threatened to bring wheat
here from outside markets were being
forced TO make good on their threat.
More wheat, about 10000 bushels, was
bought after the close Saturday TO come
here nnd today 1t was understood that
more wheat had been also AZ Kansas
City snd other Missouri points. Thefe
was but little export business.
The firm OF o. T. Anderson a Co.
holding a board of trade membership, is
in the hands OF receiver. the Centfal
Trust company OF Illinois. The firms !
business was mostly In stocks and its open |
trades on the board were small and un-
Important with no losses sustained.
Minneapolis reported cash wheat reia-
lively lower and said that the flour trade |
could not be worse. -
Winnipeg reported an active trade there,
with the market tight Cash prices were
relatively steady.
Des Moines reported a heavy snow
there. with farm work further retarded
by weather conditions ,,,,
The scmimonthly crop report Tor iili-
nois says that floods caused some crop
loss in several southwestern counties I
About 10000 bushels more omsha
wheat was sold to come here SATURDAY.
Shipments OF wheat and corn from
here over Sunday by lake were small !
aI5 600 and 427 900 bushels respectively. |
II is unusual to see opening OF Navigation
shipments as small as this.
Nav York Cotton,