Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-09-06
GRAIN
nv cEoRGE C. sCHNACKEL
Snerial Leased Wire to The Joufhal-N'PS
riwht 1924

,speriaI Leased Wire to The Journal-Copy-
right, 1924
CHICAGO CThursdayl Sept.
Oats made a bid for leadership IN the
market today. Wheat and corn We're
nervous and choppy and indicated
an overbought condition as a result
of Yesterdays late bulges. PROVISIONS
were lifeless. Oats were stronger
and higher from the start.
The bull factor was the report MISS
Cora E. Hind. crop expert of the VIM
nipeg Free Press, in which she told
of frost damage to the Oat crop III
the western provinces. The Cana
dian crop is already much reduced
as a result of the prolonged drought
during July and August, and tfls
is expected to decrease the total har-
vested.
Hedging sales on the bulge pre-
vented any undue congestion.
Exports demand for oats was not so
keen as Yesterday. One broker told
of offering oats to the Seaboard with
out obtaining any return bid. An
other had requests for offers, but
oats offered on the basis of yester-
days selling price were rejected.
Wheat was exceedingly nervous
and prices changed their trend fire.
quently. Offerings on TIE bulges
ouently. Offerings on the bulges were
liberal and slipping orders were called
upon to prevent a material setback in
price. Liverpool failed to enthuse
over yesterdays advance in North
America, and this caused the open.
ing break. There was more or less
hedging on the upturn. Export de-
mand was not near as broad as yes
terday, and the bulls attributed this
to the lack of cargo space. Local
export brokers were unable to OBJ
tain bids from the Seaboard.
Wheat closed 100 7-8 lower. Sep
TENDER 1928 rs; December / % 7-8 to
-.29; May 1876 1-4@3-8; July 1926 IL.
There was a request for offers Of
C. i. f. Montreal wheat but vessel
room for this port is Fard to get
Cash wheat premiums were firm.
Argentine cables told of rains in the
south but they were insufficient to
relieve the drought. Australian crop
advices were favorable and Broom.
halls agent estimates the surplus Of
old wheat remaining for export at
18,O00,000 bushels compared with 5 :
100000 bushels at this time last year.
Oats lost some of the early adj
vance under profit taking sales.
Closing prices were 1-8c lower to SIC
higher September At 81; Deem
Der 50 IA; May Sc -.
Corn also acted overbought and
prices were subjected to cratic fluc-
tuation. The trade was little more
bearlsh in it's views because of the
rising temperature over most of the
corn territory. Most of the selling
was by longs. Forecasts for cooler
weather over many of the surplus
states caused some buying on the
break. Country offerings to arrive
were more liberal but the corn was
held at prices over buyers views.
Corn closed 1-803-8c lower Sep
TENDER liz; December 1.13 3-8; May
LA 54MI-S; July lis IA
Provisions eased off in sympathv
with corn early. Packers bought on
the break, causing some recovery.
Lard closed - to SC lower. ribs
unchanged to 2 1-2c lower. No trade
in bellies.
Local cash sales were 47O.OO6
bushels wheat, 1O5. 900 bushels corn
228,000 bushels oats and 10000 bar.
ley. The seaboard reported 500 900
bushels wheat and $4,000 rye work.
ed for export.
A local house had an inquiry from
Iuns, North Africa asking for Of.
fers for both wheat and corn.
CHICAGO QUOTATIONS
The following were the ruling prices in