Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-12-09
GRAIN

pant and shorts were on the run.
Sensationally bullish news from Ar
gentina and the strength in Liver
pool were factors in both these
grains. Oats scored sood gains al
though prices are still below the
highs established earlier in the year.
Provisions continued TO stay i'll the
record making class.
Wheat started sharply higher, De
cember making a new high for the
year at the opening, Another up
ward movement got under way about
mid-session and this carried all de-
liveries to new high points for the
year. The strong close in Argen-
tina Saturday and the strength in
North America caused a sharp adj
vance in Liverpool this morning and
this was encouraging to the bulllSh-
ly inclined operators. The fact that
primary receipts last week were
much less than the shipments led
the trade to look for a substantial
reduction in visible supply totals to-
day. This is also encoura ging to
holders and tended to undermine the
morale of shorts. Strength in ster-
ling exchange in conjunction with
the higher Liverpool markets was
expected to broaden the demand from
foreigners but early news from the
seaboard did not confirm this theory.
A private Argentine cable estimated
the carry-oVer of old wheat at H.,
900 600 bushels and the surplus Of
the new crop at 10000 600 bushels.
Wheat closed 12c to / 7Sc higher.
December $1.5S "a to $1.5S rs: May
$164 to $1.64 Is; July $1.44 rs to
$1.45.
Corn made new high records for
the year at the opening and these
marks were again passed in the lat
er trading. An advance of 5-8 in
Liverpool futures was a big factor
in the market. y private Argentine
cable estimated the crop as only
half a yield and also stated there
was only 1S,000.000 surplus of the
old crop remaining in that country.
Buying was general and offerings
were limited TO realizing sales. East
ern interests bought May and sold
July. Country offerings to arrive
were practically nil and this was
attributed to the wet weather over
the weekend which interfered with
hauling from the farm. Shipping de-
mand was light.
Corn closed 2 1-Sc to . 3-Sc higher;
December $1.21 "a; May $1.26 81;
July 1.27 to $1.27 is.
Oats scored material gains. There
was good general commission house
demand in evidence and the bulk Of
the pit trade was operating on the
long side. Bullish feeling was in
tensified by reports from the coun-
try indicating heavy substitution of
oats for corn on the farm. The bull
ish Argentine news also had some
influence, Shipping demand was
light.
Oats were 3.Sc to 1 7-Sc higher;
December 81 5-Sc; May 81 7-Sc; July
81 lie.
Provisions were higher and again
new high prices for the year were
established. Cash interests and in
vestment buyers competed for the
meager offerings from longs who de-
sired to take profits,
Lard closed Toe to zoe higher; ribs
10c higher and bellies sc lower,
Local cash sales 1000 bushels
wheat. 10000 con, 5000 oats and
20 900 barley
The scaboard reported 35O000
bushels Of wheat and 200 900 barley
taken for export.
CHICAGO QUOTATIONS.
The following were the ruling prices in
The exchange today:
Open. High. Low. close. Close
WHEAT
Dec .,..1,5sE 1 .5aa. 1.5s& 1,5sa 1.57
May ....1,c3}i Leo G31t GA Lees
July ....1.4lls lbs 1,44lS 1.ll7s 1.43%
CORN
Dec. ....1,2o 1.2l4 20 1.21M 1.1ogs
May ..,.1.25 1.27 1.25 268l 1.2t,A
July ...1.25# l.27l 1,252s u 1.2l7s
Dee. -. 5GH 80 5ch 574s 554
May 49,. G2H Gas G1ai G2H 61M
July -. Go9s Gl94 oo9s Gl]4 co
Dec. ..1.354 1.87 1855 a513 /. 349s
May lilo 1.4GA 1.39l2 1.4oA 1.3SA
LARD
Dec. -. 80. 1906 1857 1881 1917
Jan. go. 1910 1913 Is 50 1897 is
May 49,. % 1850 1G. - 50 10 OJ
SIDES
Jan, -. 80. go. 80. 1895 1875
May 49,. 49,. ll.6o 4.45 14,45 1885
BELLIES
Jan. 49,. 49,, $50. 49,. 1857 1876
May $3.50. 49,. -. 15.32 1877
RECEIPTS IN CHICAGO
To-day
Wheat ACKNOWLEDGEMENTS. ~ cars
torn Observation-Disclosures. lS6 cars
p ,I '''..'.''....'''' OF cars
Hogs ACKNOWLEDGEMENTS. $4,000 head
Naval Stores
SAVANNAH. Ga, Dec. $ -Tnrpentne
Rosin, firm; sales, co.; receipts, LIE;
shipments, 1895; stock S4.52S. Quote: f.
y, Z, T. c. II, |, $d17l2; X, S6.25: NJ
$3.50; \, $6,G5; VIC. $7f5; WV, X, $50
Sugar Market
NEW YORK Dec. S.-The raw sugar
market was unchanged early today with no
sales reported. Old crop Cuban was quoted
at Gl1 duty paid on the spot, while the
nearest shipment new crop Cuban was Of
fcred at 5.Sf. \ leading statiSticiau esti-
mated the l92t-25 Cuban crop at 4 .G2U. rs
tens, as against last years outturn Of
t,0a2,5I1 tons.
Renewed liquidation and hedge selling in