The Omaha morning bee., 1924-11-29
Buying of Wheat
: Lifts Prices but
Gains Forfeited
Market Acts in Healthy Man
ner, Responding Well;
Corn Gets Active Sup.
port; Oats Irregular.
BY CHARLES j. LEYDEN,
UTuIvarsaI Sarvfee staff Gorras non a N

Chicago. Nov 2s.-Aggresslve hnyin &
OF wheat on on the early dip today lifted
forfeited at the last under profit taking
sales. The. market acted in healthy
tho volume of trade. TO stabilizing devel-
opments Frost reports from the Argen-
tine. fair strength In the domestic cash
situation and indications that the French
import duty was about to be elmina ted
We're the stimulating factors.
Wheat closed unchanged to Il higher
corn was is n1%sc higher oats We're lsc
lower TO Nc higher and rye ruled 4 @ ne
Commission houses sold Nay wheat
every time it got above sl63 IN the way
OF realizing. Cash interests were free
buyers of the December and sellers Of the
! May at Sssc difference in shifting hedges
Wlnnipeg interests rests were Gsca ouains wheat
A moderate export trade in wheat was
effected over the holiday the seahoard
confirming 600. 600 bushels. Liverpool fu-
lures were 4 al SD lower than Wednes-
day.
several prominent commission houses and
shorts rushed to cover. The colder
weather over the belt seems to haze aye
cash article. Pessimstie crop news from
the southern hemisphere attracted nn-
usual attention in corn. The basis was
unchanged to slightly easier at the close
Oats finished irregularly Liquidation
in December oats carried that delivery
down, but the later months were wanted
December liquidation in rye was APP
parently over and this this month showed
good buyers of rye. and the No. grades
spot sold at the December price com
Provisions were strong and fairly ac-
tive Lard was 10mS5e higher and ribs
were zoe higher ~.
Houses with eastern connections were
among the most persistent BUYERS OF
wheat today. In view of the fact that the
export demand WAS only fair it was de-
Quoted that the Argentine adsices were
The influences back of this absorption.
wire from New York said that Liverpool
cables claiming that half OF the
wheat crop in the south of the Argentine
Was ruined. Frost was confirmed over
the south and west districts OF that coun-
try with damage possibilities serious.
peratures according to Broomhall.
+ Duluth noted an active demand ,I Ior
seaboard said that premiums on export
wheat stronger all around: ihese
messages rather belied the talk from the
other side that large stocks of grain were
pressing for sale. At Duluth there were
over 1000. 900 bushels spring wheat being
deducted from the stocks in that market.
Minneapolis wheat stocks for the week
apease ef 500 BUSHES the week Prev
Gus and an increase of Oo,oQO ousnels
two weeks ago 1t looks 49, a th9ugn ,onf dnf
over. In fact, line elevators in the north
west have. II that there remains put So
pc clearances Of wheat and flour from
North American ports for the week were ere
9r 51sbes ssIsaoag assinst is1s'ooo Bushels last
year. Clearances since July total dsd
t-0.s42000 bushels, or about so; 300, ooo
same time. The November shipment OF
wheat and flour are likely to total abeu.
domestic clearances up to 100. 900, 900
bushels as of December ]. Our surplus
is generally estimated at 10000, ooo
bushels by interests well posted on tne
=tuation. World shipments Of wheat
for the week promise ITO total between
A4.sAAeAes eaA 1s,sso.ooo bushels
CHICAGO PRICES. ''s'a@|'
BY updike Grain company. Atlantic eSlz.