Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-28
GRAIN

inward as reports from the country
continued to picture very pesSlmls'
tic outlook. Many advices had 1t
that corn would not mature more
! than half crop regardless of flu
ture weather developments. Outside
trade broadened in this grain, and
it showed an advance OF cents
at one time from the low point.
Wheat broke at the start, but raj
lied later. In fact all grains were
UP sharply.
Sentiment in the trade was in
cIined to undergo change. Ldqulda-
ton has been drastic and the eX-
port buying in wheat the past week
has been heavy. 1t is being felt
now that the technical condition or
the market is strengthened. The
break at Liverpool today was in
response to the weakness that pre-
vailed in the North American mar
kets yesterday.
The domestic flour trade is more
active. Mills in the northwest IN
some instances reported the largest
flour trade in their history. The
movement of wheat from the coup-
try continued large but the domestic
demand apparently is rising TO the
point where offerings will be well
taken. Back of the strength IN wheat
was the disposition to regard the
recent bearish crop report from
Canada as too optimistic.
The hot wave over the west and
southwest has led to complaints OF
firing, and, together with the re-
ports from the middle west that
the crop is averaging three weeks
late. attracted much better support.
Wheat closed rs to l 3-Sc higher.
September $1.21 Is to Ia; December
S1.26 to 1926 1-S; May $1.32 1-3 to 3-S;
July $1.23 Sd.
The feature of the corn trade was
the absolute lack of offerings aside
from profit taking. Cash corn re-
ceipts in this market are not show
ing any signs of betterment. The
short demand here easily absorbs the
daily arrivals.
The northwest reports that Iowa
is bidding for corn in that part of
the country. The demand for cash
oats is broadening. Perhaps the
scarcity of corn in the country is
forcing feeders to take oats.
Corn closed to 4 lac higher. Sep
TENDER $116 "a to 1.17; December
Sill 3.4 to IL; May $1.13 to 1.12
ga; July SLIP II.
Oats were steady at the opening,
but encountered q much better class
of buying and rose sharply with
other grains. Seaboard reported
ocean tonnage for oats was in de-
mand because of the scarcity Of cash
wheat.
Oats closed "a to 1 18c higher.
September 4S IL; December 81 IL
to SIS; May SIS 3S.
Provisions were firm in a fairly
active trade. The strength in corn
led to increased commission house
demand.
Lard closed 81 IL to 80 12c high
err. Ribs % IL to 35c higher. Clear
bellies Is to II 1-2c higher.
Local cash sales were 100000 BUSH
els of wheat, largely for export, So
600 bushels of corn, 125,000 bushels
of oats.
Seaboard reported export sales Of
100000 bushels of wheat and 500
bushels Of rye.
CHICAGO QUOTATIONS
The following We're the ruling prices in
the exchange today:
Prev
Open High. Low. Close. Close,
WHEAT
Sept. -. t.191a % 1.1s PTS POS
Dec -. 1.24A 1.27% 1.2sh 1.26 1.251s
May -. los Lily 1.O734 1.12M 1.0SM
CORN
Sept. -. 1.1S% lis / .13la 1.16% 1.1S%
Dec. =. 1.o7A LA 1.07 LIE 1.07A
May -. .os Linz 1.07% 1.12a4 .OSM
OATS
Sept. -. 47M 4sA 4 1917 473s
Dec. -. 5oa4 52a4 5OM 51h soy
Sept -. s2A 1914 SIS SIS S2%
RYE
Dec. -. s2A s5s4 s,9s s4M sa%
Dec. -. 81 9o% $3.50 s91s 1874
May -. 92A 95A 9ii4 94B 800.
LARD
Sept. -. 13. 10 13.47 1910 10. Is BE
Oct. -. 1910 49,. 80 1910 10. A. ID, 20
SIDES
Sept. -. 11.75 1195 1175 1875 II. 65
Oct. -. 11.s7 1900 11s7. 1900 1l.S0
May -. 49,. 49,. 80. $50. IL So
BELLIES
Sept =. 10 OF 1912 1907 IS. u los
Oct. -. -. 1885 1872 13. 80 IS. 20
RECEIPTS IN CHICAGO
Wheat ...... ...... .......... Csc cars
Corn 49, ...... .......... 80. SIS cars
Oats 80. ...... 49,. ........ PSI cars
Hogs ....., $500. 10000 head