Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-13
GRAIN

ed cnecK To-Day, LlVerpO0t buyers
acted little more ependently
land the weakness in that market
yesterday and today damponed the
ardor of local bulls. Corn staged
a strong comeback after Il weak
Opening. Oats were more disposed
to reflect the action of wheat than
that of corn. Provisions had a
weak tone.
The sharp decline in Liverpool
prices over the holiday had de-
pressing effect on holders of wheat
in the local market. AS soon as the
bell sounded there was a wild rush
to sell by recent buyers and much
wheat was liquidated through the
execution of stop loss orders. There
was so much wheat put into the lit
at this time that despite buying
by the eastern houses and some of
the cash interests recovery in
prices was difficult to obtain. About
smid-session some of the locals who
| had been impressed by the char
acter of the buying and had accu-
mulated long wheat became tired
because the market failed to reflect
the steady tone in Winnipeg and
unloaded. The decline in Liverpool
and the weakness in foreign eX-
| change Handicapped exporters and
business with foreigners was of
moderate volume. Southwest mar
kets, however, claimed that gulf
! bids for export wheat were lac
better than Monday. A lot of 20
600 bushels of No. 2 hard now at
Montreal, was sold by local ship
per at II 1-2c over Chicago Deem
| Der. f. o. b. Montreal. Milling de-
mand was rather quiet. A few cars
of wheat we're booked to arrive on
/ offers from the country, but the
! buyers as a general rule refused to
bid for the wheat owing to a short
iase in storage space. Receipts con-
tinue of liberal volume in the mid
dlewest and Minneapolis stock are
accommodating at Il rapid rate.
Wheat closed near the best prices
of the day on buying by influential
commission houses and covering by
shorts. Strength in Buenos Aires
was given as the reason for the
buying. Last prices, however, were
| Il to 13sc lower. December 81. as
to $1.521a; May $1.593s to $1.5915.
July $1.391a.
Longs in corn were frightened
over the action of the wheat mar
ket and many of them sold out
their corn as soon as the market
opened. This caused a rather Sc
we're break for time. Eastern
longs and local leaders took advan-
| tage of the decline to add to their
holdings and this resulted in a
sharp rally later. The government
cror report of Monday was de-
cidedly bullish and this was en-
couraging to holders. Moderate
bookings of corn to arrive were re-
ported. Local shippers reported a
little more new corn sold to the
east and that distributors in that
part of the country were after big
lots of corn, but their bids were too
| low.
Corn also closed with a burst of
strength on reports of sales to Ger
many. Last prices were / sc tc
j21as higher December $1.12M to
Slips; May $1.17A to $1171s; July
l$11S1s to $11S%.
Oats also started much lower un-
der liquidation and stop loss selling.
| Prices had some recovery in the
later trading on buying to cover
short sales and some commission
house investment demand. Shipping
demand for oats remains quiet and
| the country is selling little to ar
| rive.
Oats weress to &c lower. Deem
| Der 5812; July Sc.
Provisions had a weak tone. Sell
ing of lard by packers and cash in
terests had a depressing effect. Buy
ing orders were enlarged on the de-
cline.
Lard closed 221bc lower to 715c
higher. No trade in ribs or bellies.
Local cash sales were $4,000 bush
els of wheat, including 20 600 bush
els now at Montrael; 1876 900 bushels
of corn; $4,000 bushels of oats, and
s 200 bushels of barley. The sea
board reported 100000 bushels of
wheat taken for export.
CHICAGO QUOTATIONS.
| The following were the ruling prices in
the exchange today:
Prev.
WHEAT Open. High. Low. Close Close,
Dec ...1.51 1.523s sos 52as / 39s
May lbs 1.J91a 57A .J93s go
July .,1.57 1.3914 81 1.394 1.39%
)oRN-
Dec. lilo LIPS / 90 1.12% Ill
May IL .14t5s1.17A 1874 1.1784 .15H
July ..,i.15 Las LIES 1.1S1@ 1.1G9s
OATS 80
Dec. =. SIS 52la SIS 521s 537s
May =. 57A 571a 5614 57a 57aa
July 547s Sc 547s SO 55A
RYE
Dec III. 81 1371s 1.35 /. 37la .371a
May .,.1.5d 1.Ss7s 1856 1,3s%4 .39l4
LARD
Nov " - - IA 20
Dec, =. ..... a. 20 14.i2 il. 20 "A. 50
SIDES
! Nov. 49, 500. 80. - 1890 10 GO
Jan. =. -. $50, 49,. -. so IL 50
BELLIES
Nov go" 49,. 49,. 1867 1876
Jan. 80. .... $50. u 40 IL. 60
RECEIPTS IN CHICAGO
Today.
Wheat ..,..,..,. ....... 500. 1872 cars
! u IIa ''''''''' ''..'''. ''''.... ~ cars
Hogs '...... .............. 49,. SO 600 head
CHICAGO CASH QUOTATIONS
CHICAGO. Nov. 12.-Whcat, Ne. l hard,
$l.52t2@ 1.534: No. > hard. 81 1884, a 81
G yeTIow N s. ,i,. %IGa S.l1@l12'4 No.
Oats. No, white, 52@5212c; No. 3
! Rye. No ,. St.34GI.35.
{ BARLEY. IS6iSSc.
I Timothy seed, St.S506.50.
/ Glove rSeed, SlS,C0@29 GO.
! Lsrd, Sl4.S2,
/ Ribs Sl3 80.
! Bellies, $l42J.
KANSAS CITY QUOTATIONS
! KANSAS CITY, Nov 12-Wheat Ne .
/ hard, S1.42G i.54 No. > red. $l.52@1.57.
/ Corn, No, > yellow, $1.06GLoIil; No. .