Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1916-02-18
Continued Heavy Liquidation and
Short Selling Caused the Decline

CHICAGO, Feb. 17.--Assertions by leading
crop expert that hesslan fly had spread further
west in Kansas was the case last year and had
infested a big wheat producing territory gave
an upward swing today to the price OF wheat
Samples from Osborne county, Kansas, were
declared to show that serious basis existed fol-
a crop scare. The bulls took advantage also
of reports of continued scarcity and urgent de-
mand in Great Britain, Opening prices here
at 81. 8O% to 1.31 and July at s1.2s% Q1.241s
were followed by slight reaction and then oy
decided fresh gains
Subsequently, forecasts Of much larger ship
ments from Argentina and Australia brought
about bearish reaction IN wheat. The close
was weak Is to 1Ac net lower with May al
Corn rose with VIII at. Offerings were light
until there had been a substantial advance:
After opening &c off to b@he up the market
ately under profit taking by the longs.
Corn fell back when wheat turned weak. The
close was heavy at y to %@%c net aecn ,Is.
oats. The action Of prices, seemed to depend
chiefly on the course Of other cereals.
In provisions, selling by packers operated as
an offset for higher quotations on hogs Early
CHICAGO QUOTATIONS
The following were the ruling prices In the
exchange today;
open. High. Low. Close. Close.
May 1s1 1919 1881 129 1904
July 124x@12S% 124h 1221s 122ss 12s1h
May. Ts4 a7eh sOM 1875 7sH 1885
July 7sA@7sB 79h 7s% 1885 70
May 4o% a4o1s 4s1 ASH 4s% 4sA
July 49,. 46& AZ ass ass 4ess
Nav 20 .s7 ao.s7 20 .97 o.7s 20. sS
'q lard. -V''O -i." -
July 80 10. so 1910 10.4o 10 &C
May :. .65 IL 65 1850 11.5O IL. 80
July II. rs III. IL go 80 III "a
ST. LOUIS CASH QUOTATIONS
The following we're the cash quotations on grain
and the previous close:
WHEAT
No. 2, red :. =. =. :. :. 1ss 1s3@1s4
No. g. red. .. 49, 24 124@132
No. 2, white. :. :. :. Nominal. Nominal.
Nc. z a.. white :: :: 7to7.@ s
OATS
No. ?. =. ). :. :. :. 1914 4sh
No. ., white :. :. :. :. Nominal Nominal.
CHICAGO CASH QUOTATIONS
=, c salt AS Feb. I7-whest s No: red;
hard, 81 80; No. 3 hard, $1.35@1.sO.
Corn, No. 2 yellow, nominal; No. yellow
7315c; No. white, 72@7J14c.
Oatss 4NV. . WHitcJ Fo7AVaaSs 1o77
@50c.
Barley, 6S@7sc.
Timothy, $5.506S.00.
Clover $40 O061S50.
Pork, $19.oO@20.50.
Lard, $10.92.
Ribs. $10.75@11.2 Is.
KANSAS CITY CASH QUOTATIONS
KANSAS CITY Feb. 17-Wheat: No. = hard,
s1.22d129; No. 2 red, $L23@1.29.
Corn-NO. mixed, tic; No. ? white, 716
1119c; No. yellow, 72h@73c.
Oats-No. white, 4S9JOc; No. mixed,
s6GD47c.
sHEARsoN, HAMMILL 4 co. PROVISION
LETTER
NEW YORK, Feb. live believe the time
ties of the provision market warrants a def
mite position. As regards ribs, all the evidence
clearly shows that visible and invisible supplies
and their corresponding cuts at point
burdensome and unless Accommodations increase
proportionately during the next few weeks than
has been the case during the winter to date,
we enter the spring cotton planting season with
very little supplies. At this level fairly wide
price fluctuations may De expected, but believ,
the general trend will be upward for some weeks
to come, eliminating prior to the gap in hogs
which is expected in March. This month ought
to end the considerably large hog receipts, the
spring bring a better cash demand. Lard is al
end OF the war Investment and continues to ac-
cumulate very rapidly and be a drag on the
market, but there Is quite a large short inter
est and with any good speculative demand, will
do better. We believe that the long position
on ribs should be very profitable and In fact
should watch an opportunity to take long
pos tinn on the entire provision list.