Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-08-11
Grain and Provisions.


CHICAGO. Aug. s-Calamy overlook the
bulls in the provision pit today; me doWhi, mn
course of al grains during the attack ana ana
taken all the faith from holders in all the
speculative pits. AS further argument against
This was too much for the provision crowd and
an avalanche of stop loss selling orders orders
Swan Soc ' hut other products kept company
While a stampede was working havoc IN pro
visions the grain crowds came to the penei
that bottom prices had been peached. Cover
ing on q tremendous scale took place, Corn
shorts covered by the millions. The bearlsn
conditions of weather and fine crops WORKED
against rally but in the end everything on the
floor reacted. September corn closed 1sQNc up
September wheat a shade lower and Septem-
Der oats &c down. Provisions closed 7lsqloc
lower. Provisions we're demoralized until late
in the session; There was great selling press
holdings and selling of short Of Janaury and
May. Pork was the product raided and the
was Offering stun At times January pork was
offered zoe under the market with no takers:
The bottom was reached at decline of about
soc Lard had been hrr1est OF the products and
turned strong on support The hog market
which had been lower on only six thousand re-
ceipts turned up late withoa view to attracting
more stock to market next week. Corn, the
weakness Of which was the primary influence
severe break there was reactive tendency and
the days losses were much less than at one
from SIC IS down to Sis. Is ana Closed weak, I5c
off at S16.S5; January sold from S14.S5 to Sl5.SO
as 1880 and closed TIC down az, $40, d14;
September ribs dropped from $40 20 to 500
s so weSk eaIly that f. csTsed weakness IN
everywhere else on the floor After slumpiing
over : cents In one week an additional t nal
few remaining bujls into renewed liquidation.
The weather was favorable and crop re-
ports bearish.. Texas was asking for bids
for corn for immediate shipment. Although
II appeared that soon there would be a big
movement from the southwest. The decline.
M som hr0 npnf nafn 20 which
was considered too profitable to the shorts
C. last long. Covering had been going. on
that had sold September short around co cents
as a hedge against the corner ~ July GOV:
turned buliish but the recent depression had
been so great that 1t was hard TO over
rallied to 5l%c, but closed only trine irmer,
hGhc up at 5l%951he. December siunped
ic to sec and closed easy HaAc OF at Ss%a-
Wheat made new records for low prices
for the crop There was temporary firm
spring harvests but the drop in corn and
the subsequent depression in oats became
excellent and ali reports Indicated big yields
both for winter and spring wheat. Stop loss
and there was e oSly seanty s eoveTins late m
the day on more rains predicted northwest.
Receipts were very heavy, especially south
Liverpool, but the continent was weak. Sep
TENDER opened quarter up to unchanged at
a shade off at s7t@esc. December sold down
to 66hc and closed &c UP at 66%d66Bc; re-
ceipts 262 cars, one contract; Minneapolis
and Duluth reported us cars. a total for the
points Of $50 aginst 45s last week and AS
year ago. Primary receipts were 1si1,O 900
ciearances equalled 6ss 600 bushehis Corn
weakness brought slumps IN oats; trade was
fair but the crop reports were too bearish
to allow much of a rally when other grains
reacted May ruledd relatively strong but
liquidation in the near futures caused dips
Of 1c. September sold from 81 to 80 and
closed weak &c off at s0hc. Receipts 244
cars
Estimated receipts Monday: Wheat $40;
corn So; oats 310; hogs $4,000.