Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-06-23
Grain and PROVISIONS.


CHICAGO June 21-Weather map argument
was the pivot which grain speculation
swung today, but II was fair weather and
promise of more of II rather than the soak
ing rains that Influenced wheat most OF the
week In consequence wheat slipped down.
Corn and oats had good arguments OF their
own to sustain prices. Therefore, when July
wheat closed x9%c lower July corn gained
s6c and July oats stood &c higher. Provisions
gained much attention because OF their strength
and closed with net gains Of "a TO 1hcqlOc.
WHEAT-Clearing weather and lower Liver
pool cables brought sharp decline In wheat
at the opening. Paris was little higher ana
there seemed to be conflict Of opinion as 70 the
real conditions and tendencies in that market
England was having fair weather Americans
easy in spite of rains and the promise was
for clear weather on this news july y op sTsI
rallies dipped to nc. Traders VINO nad oeeh
consistently bullish for a week turned sellers
Commission houses liquidated freely ana many many
stop loss orders were executed for bulls VINO
came into the market as buyers only yesterday
September was subjected to some sharp selling
Very good seaboard ciearances helped in rally
about the close of the week. July on the rally
sold to 7S9sq7S%c. but closed ssg NC GOVT o as
contract grade. Minneapolis and Duluth re-
ported "a cars. making total Tor the three
sss a wear ago. Primary receipts were $4,000
bushels against AL, 900 bushels last year Sea,
board clearancss In wheat ana noIr s
taken for export. Locally 100000 busneis were
worked. l.. . IT,
etnR manner. After the excitement OF the nrSI
~ fhs week today's quiet seemed abnormal
The tone however, made up somewhat Tor the
narrowness of trade. In spite OF the oearlsh
weather conditions and the wheat slump, cOLi 4
held firmly. There was considerable selllns @'
times and July was well taken. 49, !,
Deferred options were also in good ueIha IN
and were taken whenever offered. GOSSIP on tne
floor was to the effect that farmers were great
lv tempted to run their corn through hogs pc
cause Of the high prices OF PROVISIONS rathsI
than TO ship in the stuff July still seems cOns
gested This option today sold between % anu anu
S5ibc and closed firm &c up at b05sc. hecelPss -
have Improved a little of late, but contracs
stuff Is very small. Today 271 cars arrlVeo' Ol
which only IA were contract. - -
OATS-Oats ruled pretty steady. IneIe 49,
.sTi,, aims on the wheat break and the better
weather. but the briskness OF the cash ue-
mand and the frTnness OF corn Influenced
change OF sentiment and slight adVance,
Profit taking during the week, induced 20 s9nle
extent by improvements in receipts, helo P.icsss
down somewhat Today the crowd was ouIdIsil'
though quiet and July, which sold al Ss1 az
closed Arm nc up at 401sc. Receipts were 1VO
cars -, III, fatrlv
NEUTRALITY-SUSPICIOUS., while only ialry
octiva attracted considerable attention from
tine fact that TOP prices for the year again ruleu
in the pit With the bullish tone OF tne SOI.
nit a strong hog market and with PackeIs
buying ali products offered very good aavaHScess
ays ,ssgstered Traders say the pit has reached
point where 1t is almost Impossible % seo ths
stun without bidding considerably over c,os seS
market July pork sold at SlSOO ana c,9sSV t
strong &c up at 81. 92la; September PORK SOY az
sis 50: Julv lard sold at S1055 and closed %
higher at S1O.5O; July ribs touched SiO'o' anu
closed 21zc to sc higher at slO.SO. wheat q
ESTIMATED receipts for MONDAY: Wheaog ooo
cars; corn $50 cars; oats lSO cars; hoss' '0'OV'
head. hogs for the week. 16S. 900 head
CHICAGO QUOTATIONS. 49, -,