Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-09-22
Grain and Provisions.

CHICAGO. Sept 2O.-Manipulation abetted by
rains worked for advances in grains today. Re-
CARELESS of injunctions against corners and hc-
titlous prices the shorts in September wheat
became frightened and put the price upon them
selves. other commodities felt the influence OF
heavy wheat demand and in sympathy ad-
vanced. Higher prices were attractive to some
holders and there were recessions from top fig
ures, but nthe end the close was strong with
September wheat lie higher, December wheat &c
up, September corn Ac up, December corn &c
higher, September oats &c higher. and Decem-
Der oats unchanged Provisions closed "a to
wheat-In contract with recent business in
wheat the opening showed strength about which
there no doubt. Whereas advance of late
has been hating today the sentiment was
strongly bullish from the start Inc cash mar ,
luth Offering nc bushel for cancels. The
stocks everywhere were small, there was
premium for cash grain and an excellent eX-
port business was developing Added to this
were the rains northwest and predictions OF
more to follow to retard the spring movement
that has only just got under way. Offerings
were scarce and small purchases had tell
ing effect on prices. The amount of bread
stuffs on passage Monday was expected to be
decided although shipments were fairly bear
ish and cables were easy until local oulllsh
news improved them. The shorts were fright
ened into covering September heavily in the
opening half hour. Six commission houses
Jointly took in 2. ZOO. 900 bushels. New York was
taking September freely Grading was poor.
Business was broad and active all session.
but some stun came out at top prices. Even
the leading elevator which Is conceded the rul-
titles in order not 10 let the market run away.
September opened unchanged to NC up at 1875
to 74A. jumped to 75iAc. slipped back to 75c and
trade largely sympathetic, the price open
ing to NC up at 69h TO 69sc, advancing to
69% and closing firm &c higher at 69ssc. Local
receipts were 200 cars, only five of contract
grade; Minneapolis and Duluth reported 925
cars, making a total for the three points OF
LIPS cars against 1862 cars last week and lap
last year. Seaboard clearances in wheat and
flour equaled AIS. 900 bushels. Primary re-
ceipts were 1887, 900 bushels, compared TO 1,I16
900 bushels last year.
Rains which would retard movement acted
bullishly on' the market, as did the bull activ-
ity in wheat. There was fair covering at times
in spite Of big receipts; 446 cars today with llS
Of contract grade. After the early upturn
there was some realizing. which took of much
OF the gains. The sentiment was quietly bull
ish. October made the best gain closing nc
higher at 54kc. September was Ac up at 5si4c.
After selling at 1850, December closed firm 1sc
up at 441c.
grading, together with a fair demand from
commission houses kept oats somewhat frmer
today. Offerings in September were small and
December and May by commission houses. the
trade turned dull and prices held only slightly
better September closed sc up at 32hc; De-
cember was unchanged at SO1sc; receipts $50
cars, IA of contract grade.
provisions were quiet, but showed marked
strength. Small receipts of hogs and steady
prices were the incentives. Floor traders and
brokers bought fairly at times and covering
in October products brought a sharp rally from
the slump early in the week. October pork
closed 40c higher at 1855; January pork Sc up
at SIS O5: October lard zoe higher at s.. IS; jan
uary lard 12Ikc advanced at $3.50; October ribs
221sc up at s10.37h and January ribs sc higher
Estimated receipts for Monday: Wheat 30
cars; corn $40 cars; oats, 100 cars; hogs. $4,000
head.
Chicago Quotations.