Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-25
GRAIN

!
! lations of wheat longs and were re-
! sponsible for the weakness in the
market today. Corn also had a
downward trend largely because of
! the extreme weakness in wheat and
oats followed the leaders. Provi-
Sions had weak tone in sympathy
with grain.
There was Wild rush on the part
of local holders of wheat to unload
! as soon as the opening bell sounded
today. Most of the locals went
home with long wheat on the be-
lief that Liverpool would come back
strong this morning. TO the con-
trary, that market was off IA
to 2 314 because of the rains in
North Argentina. These rains were
reported as insufficient but afford
ing temporary relief.
There was some buying Of May
for investment account on the break
but the volume of selling was too
great to be readily digested. Deem
Der was under pressure from tired
longs. Seaboard exporters reported
no demand for nearby shipments
from abroad and also a iet-up in the
demand for deferred clearance.
However, local shippers found eX-
porters moreanXious to buy wheat
and cargo of $1,000 bushels was
sold out of here at cents over De-
cember, c. j. f. Buffalo, or a cent
better than was paid yesterday. Mill
ing demand for wheat was quiet.
Wheat closed near the low point,
/ $50 to 2 1-2c lower. December
$1.44 81 to $1.44 SIS; May $1.49 Is
to $f.49; July $1.31 "a to $131 rs.
General selling and lower prices
featured the opening in corn. This
selling was prompted largely by the
break in wheat. Some of the ag-
gressive local traders supported the
market on the break. There We're
reports of fresh export inquiries,
but no business was reported. Do
nestle shipping demand was also a
trifle better. Country offerings to
arrive were light.
Corn closed l lac to 2 1-Sc lower.
December $105 3-S to II; May
$1.OS IA to $1.OS; July $1,OS 5-S to
S1.0S ga.
Oats were under pressure from
commission and hedgers. Buying on
resting orders checked the decline.
Oats were IA to 7Sc lower. De-
cember 81 5-Sc to 81 TIC; May Sc
to So 7-8c; July SO 3-4c.
Weakness in grain caused selling
of provisions and lower prices were
recorded. Some buying of October
bellies was noted and prices for this
product were higher.
Lard closed Is to 25 cents lower;
ribs Csc higher, and bellies % lie
HIGHER 10 10 % 1oWnr
Local cash sales were 295 900
bushels of wheat, all to exporters,
including 105, 900 bushels now at
corn, including 100, 900 bushels to
exporters, and $4,000 bushels of
oats.
The seaboard reported 100000
bushels of wheat worked for export.
Vessel room was chartered for 1907
600 bushels Of wheat to Buffalo and
$4,000 bushels to Georgian Bay.
CHICAGO QUOTATIONS
The following were the ruling prices Ia
the exchange today:
Prev.
Open. High. Low. Close. Close.
WHEAT
Dec. 49,. 1.46 1.46 1.44h 1.44M 1.47A
May DOES l.30"s l. AZ 40 ii y,
July 1925 1.32$s 1.317s 1919 1884
CORN
Dec. -. 1.oeM 1.oGsl 1.o59s o5as 1.o7la
May -. 100 100 los 0S 109%
July ;. 1904 1.099s LOSE .oSM 10
OATS
Dec. -. 517s - 5ll4 51la 522s
May -. 56% 569s 555s 55M 565s
July 5SM 1874 5312 5a@4 "a
RYE
Dec. 1.29A 1919 1924 1904 3oh
May 1.31 1924 1904 1914 1919
LARD
Oct. -. 1910 1916 1922 1927 1862
Nov. -. 1850 1910 1J.40 1870
Jan. 1870 1920 1902 1910 1927
SIDES
Oct. -. -. 49,. $500 1918
Nov. -. -. go. 80. t270 lo70
Jan 1910 II, IA
BELLIES
Oct. -. 1455 1866 1850 1862 "A 40
nov. 80. 1897 1897
Jan. 12.75 1872 1867 L.. so
RECEIPTS IN CHICAGO
Today.
neat .............. ......... l02 cars
urn ''..'.... ......... 500. ITO cars
D'ts ..'.'.... ........ ...... los cars
'7' '.''''''' ......' ''.'... .ol ,GUU head
n ArrT