Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-09-16
GRAIN

from its fright Saturday, Judging
| by the action of the marker today
Strength in wheat had a supporting
| influence on all grains, but it was
not sufficient to prevent a decline
! in corn Provisions were neglected
| and easier.
I Wheat started up with a rush a.
| the opening. This was due largely
! to heavy buying credited to foreign
| account. Throughout the remainder
of the session this same buying was
noticed, and it was estimated thai
| 100000 bushels were taken out Of
the pit.
Northwest houses and locals solo
on the upturn, and there was more
/ or less realizing by early buyers
| The export demand was broad, ant
one local shipper sold 100000 bush
! els to the SeabOard and had bids fOl
! 1000 bushels more which he die
not care to accept.
/ Liverpool ignored the break ir
| North America Saturday, and gave
| for a reason the good local and con
| tinental demand, and the improved
| Argentine exchange.
Cash wheat premiums were un
! changed. Mills continue Indifferent
buyers. Receipts were less than {
week ago at primary points, bul
were far in excess of last year.
Wheat closed l Sd to = 1-2c high
er. September 1.28 IL; December
134 IA to 1.34 3-S; May lao rs to
1.41; July 1.31 IA.
Corn acted 'groggy." 1t was be
lieved Saturday that liquidation ha(
run it's course, but the action of the
market today suggested that it was
not over yet. Selling was heavy
in May, and this was participated
in by most all the eastern houses
Locals pressed other months for
sale and pressure on September was
mainly by exporters.
Corn closed 3-S to 7-Sc lower. Sep
TENDER 1.19 3-8; December 1.13 5-3
to 1.13 IL; May LA IA to LA 9-S
July LA SIS.
Weather conditions were not espe
cially favorable for curing corn, but
at the same time, they could not
be called unfavorable. Shipping de
mand for corn Was moderate. Cash
corn basis was unchanged.
Oats were influenced by both
wheat and corn. There seemed to
be good buying on all the soft spots
crate rally. There was commission
buying influence by recognition Of
"a bullish crop report to be given
out, by Winnipeg Free Press tomor-
row. Shipping demand was fair.
Oats were 1-4c lower to 1-2c high
err September 40; December SO Ia
May, 81 IL to So.
There was little. activity in pro
visions and business was confined
mainly to lard. Disappointing eX-
ports caused pressure and eased
prices despite the strength in hogs.
Lard closed 20 to 80 cents lower;
no trade in ribs or bellies.
Local cash sales today were $780,
600 bushels of wheat, all to export
ers $4,000 bushels of corn; 10, 900
bushels of oats; &c, 900 bushels of rye,
and 900 bushels of barley.
The seaboard reported 1000, 900
bushels of wheat and 100000 bush
els of oats taken for export. Vessel
room was chartered for 600,0 900
bushels of wheat, $50 900 bushels Of
corn, and 100000 bushels of oats.
CHICAGO QUOTATIONS
The. following were the ruling prices in
the exchange today;
Prev.
open. Hsh. Low. Close Close.
Sept. go. 1.o7M LESS 1.271s 1.aS1s 1.269s
Dee. go. 1.32A 1.341a 1874 1914 1.52
May -. 40 la 1.39 1.40B 1.3S12
CORN
Sept. zee. 1.19% 1.19% 1.1S 1.192s 1.2O
Dec. 80. LBS 1.141. 1.12H 1.1512 1.14ss
May 49,. 1.l5 1.152s LBS l.14as 1.15A