Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-23
GRAIN

Wheat bulls gained an advantage at
the opening of the market today and
then they had to fight most of the
day to hold the gain. Corn bulls
were not 50 successful as they were
on the defensive after the opening
i'll hOnorS of the bears. Oats showed
/ little change, being affected by the
action of wheat more than corn. Pro-
| visions suffered some setback.
/ a rush to buy at the opening of
the wheat market resulted in good
advance in prices because of the
paucily of offerings. Pressure de-
+; veloped after the start and thereaft-
er the movement of prices was in
! good imitation of an active see-saw.
| The bulls did their utmost to sup!
! port prices, but every time the mar.
| llet approached the opening level
! they were sWamped with offerings.
! There w&s no feature to the in
! dividual trading and the bulk of the
| business was among locals. Li3er-
! pool was strong and this was credit
| ed to unfavorabIe weather in the
| Argentine. Later advices indicated
! that surplus estimates were being
reduced and the weather had turn
J ed clear.
| Duluth reported an urgent demand
! from the seaboard for cash wheat
with bids lac better basis than yes
! terday. That market reported sales
| Of 100000 bushels of spring wheat
| and 1000 bushels of Durum lare
| yesterday. The seabOard reported
400 600 worked for export over night,
| which is largely for deferred ship
/ ment. Exports of domestic wheat
| and flour for the month of Septem-
| Der were officially recorded at 3d.
| 244, 900 bushels. This makes 8, total
, for the first three months of the
season of 1851 goo bushels com.
pared with 55,206,00G bushels a year
ago.
Corn started irregular on scattered
buying. On the bulge there was
some selling on resting orders and
| this was followed by pit traders.
Shorts took profits on the break.
/ Weather continues favorable for
| maturing corn. Shipping demand
was light.
Oats prices were a shade lower.
The market continues to follow the
trend of other grains. Cash demand
was slightly improved. New York
reported inquiries from five foreign
. SONS were lower. There was
a tendency on the part of recent
buyers to take profits and buying
power was lighter owing to the re-
cent substantial advance. Some buy
| ing by packers was noticed on the
break.
Wheat closed IL to 3-4c higher.
The strength in northwest markets
causing buying late in the day. De
cember $1.47 IA to $1.47 Is; May
$1.51 3-S to $1.51 Ia; July $1.33 Ia.
Corn closed 3-Sc to 5-8c lower. De-
cember $1O7 II to s1.07 So; May
$109 3-4 to $1.O9 SIS; July $1.10.
Oats were 1-Sc to lie lower. De
cember 523-Sc to 50 1-2c; May Sc 5-8c
to Sc 3-4c; July 81.
Lard closed 15c to 80 IL cents low
er, ribs % 1-2c higher to sc lower,
and bellies 10 to % 1-2c lower.
Local cash sales were $4,000 bush
els of wheat, IS, 900 bushels of corn,
$4,000 bushels of oats and IL, 200
bushels of barley.
The seaboard reported 100000
bushels of wheat and 100000 bushels
| of barley taken for export.
CHICAGO QUOTATIONS
The following were the ruling prices in
| the exchange today:
Prev.
Open. High. Low. Close. Close.
WHEAT
Dec. ....1.47 14s 1.4G1s l. 471s /. 46ss
May ..mt51h 1.52 1.5O35 1.51A 1.5Ola
July ....1.3314 1852 1.3a1a 1854 1.3244
CORN
Dec. ....1.OsH .OS1a ] .O6M 1.O7ls 1.OsIs
May ....1.102s 1.1oA /, 90 I.092s 1 .10Is
July ....1. 1OH LIS 1.O9M 10 1.1O1a
Dec. -. SO 1915 52M 522s 52M
May 80. 57% 57l4 569s 5G9s 81
July 5lA 533s "a 541S
Dec. ....1.S2 1.327S BOSS 1 sos 1.311s
May ....1.32 1851 1.313s 1.31%s 1.32
LARD
Oct. 80. $40. 1910 1856 16 CO 10 %
Nov. 80. 800. 1870 Is. 60 1910 10 90
Jan. -. 40 14.4O 14.2O 1927 H. ~
SIDES
oct. .'... ..... 1915 10
Nov. ..... ..... $50. 12.70 II. 80
Jan. n. 800 ..... ..... 12.45 II. so
BELLIES
Oct. 49,. 800. 49,. ..... 14.4O a 40
Nov. 49,. ..... 14.l0 397 1397 II. 20
Jan. ..... ..... so - 90