The Omaha morning bee., 1925-01-21
Early Break in
Wheat, but Gains
Moderate Later
World Conditions in Trade
Regarded as Stronger; Corn
Rallies Frequently; Oats
Get Support
by CHARLES J. I.EYDEN,
Universal Service staff Corresponden

chicago, jan 20.-Free profit taking
break the market encountered fresh sup
boil. AT the outset prices moved to new
crop highs. the May touching s1a1A. but
at that level toppy pit. situation devel-
:, wheat. closed Is TO sc higher; corn was
TO &e lower; oats We're Il to &c
World conditions by the wheat trade
are generally regarded as becoming
stronger strapges inasmnch as foreign countries
The breaks such occurred today are
explained exp best by technical conditions in
improved undertone today. Around sfsSIs
Tor this month aggressive buying through
commission houses was met which per
the day.
The seaboard confirmed export sales
bushels rye with Germany taking the
Tvs and Italy much of the wheat. Liver
hhq9I Pool. closed a,n.sd 4 pence higher. Buenos
Corn had frequent rallies during the
gay. gay largely In sympathy with wheat but
house selling, and prices worked irregu-
larry lower. Corn has had stiff advance
me .ne last week and may be entitled to
from the country are Increased some but
i u doubtful whether farmers would Of
Ter on falling market
oats have been getting little better
class OF support at times during tho last
week, as was the TODAY. However.
keatlered realizing sales on the hard spot 5
has been an offsetting Influence.
rye encountered excellent buying. con-
siderable of which was in the way OF lit =
ing hedges. Offerings were fairly liberal
on the rallies but they We're all gradually
Provisions finished Irregular. Lard wa
,,1s to II Nc lower. and ribs were 17Ac
Fit Notes.
:, The tenor. of foreign news indicates that
the need of supplies abroad is such thai
an surplus grain viii be we'll cared for
during the next six months Broomhall
allows for a world carryover eG"ma' Of only
16ooO 900 bushels. and some In the trade
sssia1ad .sasi1 this estimate as too optimistic.
liable advices had it that the recent Ger
man buying of large amounts of Arken-
Iine wheat was for the purpose OF filling
f ffrour' orders that were recently taken
:, The run of wheat from the farm, in
ms ms country might show some increa Sc
aurlng the next month. but 1t is hardly
possible that farmers have even normal
reserves left. Marketing during the first
mendous. Red wheat sold at ss'os a
bushel in Kansas City today. a new high
fremlums sii,, on wheat at Minneapolis were
The worlds available supply of wheat
ana fiour for the week increased 2057 900
bushels against 246.7s2 900 bushei. a 80 Year ear
ago The increase in the visible is nat
tbs f1si .an,bn at tnis Tine when the crops from
consumption of wheat in Europe spnar-
ently Keeps up on big scale. Late in the
cay New York wired that there were in
qniries in the market for Atlantic and
Sult cargoes Of wheat to so to Mediter-
Condition OF the growing winter wheat
Ssop Is regarded as generally favorable
IN the southwest. but otherwise in the
centfal west Ice and sleet covers wide
areas OF the belt and while the eron NAV
not be smothered. IT is not irnproba biz
anat considerable damage has been done.
GUS period OF growth. and much can han
pen either way To 1t during the spring
~ hardiy possibly. however. that the
comestic yields this year will be a. boun-
titni as last year. even though the acre
age Is slightly increased.