Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-06-09
Grain and Provisions.

CHICAGO June T-Excessive rain was the
cables also told Of bad weather abroad. In con-
sequence little support In dull market was
sufficient to bring strength and July wheat I.
oats shade down Provisions closed shade 10
2Mc W.
Wheat took strong grip on the market early
and worked Its prices somewhat higher on
cables and wet harvests. The market was ad-
yancing on the theory that the wet weather
hurt the crop much worse than drouth condi-
lions, Additional rains after the earlier down
pours started good support. Bulls argued that
the present low prices could be justified only
on the assumption that the yield was TO be
exceptionally large. There was very little sell
ing pressure on the market early and good buy
ing came from commission houses. July opened
AHhe higher at 72h@72%c and sold at 72lzc.
Gradually the support OF the larger interes9s
being done In the southern part OF this state
and that the wheat would be on the market
within week led to some selling ana July
slid on 70 7l7kaT2e. After that the market sag
ged narrowly with a small upturn on liberal
seaboard clearances OF wheat and hour, Which
amounted to $4,000 bushels. The close, was
Arm, July &c up at 72472 i-5e. Local re-
celpts were cars, one of contract grade
making q total for the three points of 25l
cars, against ss2 for two days ago and 4SS a
year ago Primary receipts were $4,000 bushels .
compared to 470, 900 bushels last year. The
Seaboard reported IA loads taken for export
Corn was dull but arm all day. The wheat
nuenced an upturn, as did the talk OF poor cyl-
tivation Of the growing plant because OF th e
support and ST. Louis bought July fairly.
Prices held we'll. but there was DECIDED reel reel
ing that with the possibilities of $500 Vo 900
bushels harvest prices were too high: MOST
Of the day the crowd was guessing az the at
titude OF the leaders. July sold between o57s
and 625kc and closed firm M4Ssc up at oo7sc.
Receipts were liberal at 237 cars.
Iiuuidation took some of the strength out OF
oats. Almost every influence in the pit favored
the bulls. Samples are at a premium over the
futures the cash demand is still very good
and there is a dangerous possibility OF damage
BY wet weather. Receipts also are light with a
small percentage OF contract stun. Today com
mission house business was fair ana July open
was active Covering shorts accounts brought
strength, but buyers Of new July around SOC
realized their profits and after the bulge prices
eased on an absence Of support. july closed
barely steady a shade down at S91saSS14c. ne
Provisions had a dull and artificial trade.
The hog market was slightly higher on a
smaller run OF hogs. This gave the packers
reason for manipulating prices little hgner
for the purpose of unloading on the OUTSIDE
Conservative traders say prices OF all provls-
ions are much too high. particularly In the light
Improved receipts OF hogs OF better quallty.
january products are now selling on tne pass
that hogs will cost 646hc. Outsiders, under
standing the manner in which packers are
manipulating the market, are staying out.
July pork closed steady Gao up at sit'4E1a
July lard shade higher at ylO.zO@loH1s ana
July ribs 2hc higher at S1OlI1R. a,
Estimated receipts for Monday-Wheat. - ~
ears corn. 425 cars; oats, l3O cars. noss' Ao'VVO
mead; hogs for the week. $4,000 head.