Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-10
Grain Notes

The Chicago Inter Ocean says:
Wheat traders were inclined to con-
strue the Government report as bullish
when considered in all its details. There
were number Of sharp operators, how
ever, who took a beaTish view Of Ii, and
talked lower prices. 1t is the general
wheat viii show around the same as last
year, which. with the carry over, should
make a larger supply than last year.
Corn specialists took the Government
IS tWO-tenths Of / per cent under last
year This was Offset by the condition
being the highest since 1900 The crowd
were regarded as short and the commits
sion house holdings nave been reduced
Of late
oats traders were surprised at the
showing of the crop report, it being
larger than expected. Most operators
TOOK a bearish view Of IT, and said that
with the crop Wilhln less than three
weeks of harvest they look for a yield
Of LOOo,ooo,o0O bushels.
Terre Haute. Springfield. Peoria.
Bloomington. ST. Louis, Kansas City and
Omaha an clear. So to IS degrees; rain
reported al Terre Haute yesterday aft
ernOon. Canadian Northwest, partly
cloudy. 80 10 - degrees; Swift Current,
rainfall .2S Edmonton, .46.
Buy September wheat and sell Sep
TENDER corn at present for substantial
profiJ-Bell.
@ General liquidation is on in oats and
this, together with pressure Of new
oats from the country, will. in my opin.
ion, carry the market several cents
lower.-Roycroft.
Bartlett Frazier Co. says Wheat
The country continues 10 market the
new crop of winter wheat very freely.
As long as Europe continues to buy
literally the effect Of hedging operations
is materially lessened We believe
there is a large outstanding short in
terest, and are inclined to look for a
fair rally.
Corn-This mornings map was gen
orally clear with some high tempera-
lures again in the Southwest The fig
ureS given in yesterdays Government
report indicate a crop larger than the
trade generally was looking for, but
there has been considerable scattered
liquidation and short selling during the
past few days. We are inclined to think
the report viii not prove a depressing
influence.
Oats-The Government report was
about as expected ard therefore will not
prove an influence New buying power
is extremely limited. but there has been
great deal of Liquidation. and while
prices may gradually work lower. We do
not look for any sharp break at the
moment
The Government figures Of indicated
crops. when properly analysed, furnish
no comfort for those who are antiCipat-
ing a poor crop year
The indications of July 1. when COM
pared with the same official indication
July l. last year, shows a promise for
corn OF l59 600 600 bushels greater than
year ago and winter wheat 1875 900 600
bushels more, while spring wheat prom
ises $4,000, 00O bushels less and oats 1OS.-
600 600 bushels less. Total wheat prom
Use is - 900 900 bushels more than fore
cast at this date year ago.
To compare the July report with final
results Of last year, it is necessary 10
figure on the basis Of the July ] condi-
ton being maintained untn harvest
Such a comparison would indicate
corn crop Of 3 .153, 0O0. 900 bushels, against
2l2S 600 600 bushels last year A wheat
crop of 73l 100000 bushels. against $780,
600 600 bushels last year. and oats 0g6,-
600 600 busehls, against l,4Sl 900, 600
bushels last year.
The only shortage from last years
phenomenal crop is in oats and this
crop promises larger than the average
for the last five years. In addition there
is a heavy CarTy-OveT Of Oats.-RyCrOft.