Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-08-04
Grain and Provisions.


CHICAGO, Aug ALL speculative markets
on the board Of trade closed the week with
strong rally. A tone much better than had
existed for weeks made itself manifest in
healthy active trade in most OF the grains,
and although the country side was not heavy
in the market there was much better business
with the bugaboo of July corners laid at rest.
Scarcity of contract grains for immediate mar
keting-wheat. corn and oats-made the shorts
feel uneasy all session and although receipts
I'm wheat still exceed those of last year the
excellent cash demand especially for corn
around. At the end OF the session September
and September oats %G%c September prov1s-
ions closed 5q1714c higher
Beartsh conditions were arrayed against
were one-hfth more than We're expected. the
weather was pleasant and talk was for good
spring crops Liverpool had a holiday, but
London and Paris were firm and September
showed only a slight easiness on first sales.
Contract arrivals were almost nil, four cars
today out of 337 received This started much
comment and gossip, which had a trend to-
ward curtailed receipts soon now that the
rush of wheat to market was supposed to be
over and caused scurry among shorts TO
cover. New York and leading bull interests
were buying September freely and in conse-
Liquidation at top prices brought slight dips.
but the local sentiment so bulish that
came from the absence Of free offerings. No. /
northern cash also was selling &c over Sep
TENDER The near option was bought more
literally than December and advanced over
the winter month from 1c yesterday to is at
the close. September opened 1kc lower to &c
higher at 697sQT01sc, sold to 707sc and closed
strong 9sq&c up at 70ss@70%c. Minneapolis
and Duluth reported 122 cars, a total FOR the
three points OF 459, against 461 last week and
4l6 year ago. Seaboard clearances eQualled
$4,000 bushels Primary receipts were ], B5l, goo
bushels, compared to $50. 600 last year
Corn receipts were only IS cars, contract.
With such scanty receipts as this the market
has had for the last week. and with still
smaller estimates for next week, there nat
urally was very little stuff to offer in the pit.
Private elevators turned out nothing The cash
demand was excellent, and, In addition the
fasteners who expected to be flooded by the
outpouring of cash corn that brought 10
market by July corner. found their stocks
so depleted that they had TO increase bids III
factor was the buying by the houses recently
heavily interested ins July oats. There was no
selling save near top figures for profits and the
result was a strong and steady advance. Sep
teTnber sold from 56lzc TO $50 and closed strong
1qlbc up at 57Aq5%c
Oats were in excellent demand and the pit
ruled firm and active The firmness in other
grains and the premium of 10c for some cash
grades over September options, with a good
cash inquiry for shipment, pushed prices up
sentiment ruled uppermost. September sold
from 321kc to 33lsc and closed firm skd%c high
er at S2%Q33c Receipts III cars. Crop pros
poets continue good
Provisions were fairly active and for a time
unsettled. The weaker hog situation and pork
selling depressed prices early, but a very good
demand for lard and the reduction Of stocks
during July Influenced late buying and prices
closed strong. September pork closed 15c up
at $3.50; september lard 15c higher at Sl092h
and September ribs 27Ikc up at S1O55.
Estimated receipts for MOday: Wheat 265;
corn 40; oats 100 cars; hogs 25 900 head.
CHICAGO QUOTATIONS.
=, The Following were the ruling quotations on