Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-09-18
GRAIN

needed, and this same sort of buy
ing also was missing in corn. The
slump in both grains was attributed
more to the lack Of support than to
the amount of selling pressure. oats
were affected by the action Of the
leading grains. Provisions developed
weakness after q strong start.
| Wheat had some good rallies dur
ing the day, but they proved to be
not of the lasting kind.
Liverpool showed unexpected
| strength today, but this failed to
bring in any buying power. The
start was lower. After a break of /
cent there was buying through eX-
port houses that caused all the To-
calls to switch to the bull side of the
market. Later, when they attempt
ed to take profits they found no one
could unload. Export business over
might totaled 400 900 bushels. There
were bids here for a cargo of wheat,
but the prices indicated were 5S
rent under sellers views. Domestic
demand for cash wheat is improving
and this indicated that from now on
foreign buyers will encounter compe-
tition. Winter wheat receipts are
decreasing, but spring wheat move
ment continues to enlarge.
Wheat weakened with corn and
| closed 1 IL to Is cents lower.
September, $1.26 ga; December,
$1.31 "a to IS; May, $1.3S to Is;
| July, SIPS II.
| "A lack of buying caused sharp
decline in corn. Market broke badly
at the opening. On the decline To-
cal bulls bid UP prices, but as soon
as they ceased supporting the mar
ket values slumped materially. Some
new incentive is needed to attract
outside buying. Market is in an
| overbought condition, and bullish
sentiment is too unanimous. Wealth
err conditions are less unfaVorable,
| and the crop is making a little more
| progress. Cash corn is in a strong
| position, and another half cent ad-
lyance was recorded in premiums.
| Country offerings to arrive were
! fair, but at prices above the market
Liquidation and stop loss selling
| featured the late trading in corn.
| Combined with d lack of support this
caused a sharp break in prices, and,
| at the close, losses of IA cents were
recorded. September $1.14 S4;
j December, $1.O7 SIS to 3-S; May, $1.0S
IL W pIOo, uIy P1.OO o-t'
| Oats followed other grains. There
was a fair volume of business, blu,
much of it was local. Shipping de-
lbuyers are impressed with the heavy
stocks, and are not disposed to an
| ticipate future needs.
Oats were rs to 14c lower. Sep
TENDER 81 ga; December, 81 3-8 to
IA; May, Sc.
Provisions started higher under
good buying by packers and cash
| interests. About mid-session the
break in corn caused some pressure,
and early gains were wiped out.
| Lard closed % IL to Soc lower,
| ribs and bellies 15c lower.
| Local cash sales were 1,09O,O
| bush els of wheat, including 1,0S0,000
| bushels 20 exporters; 1886 bushels
! of corn; 10000 bushels of oats; 49,
| 900 bushels of rye to exporters, and
| $4,000 bushels of barley to exporters.
} The seaboard reported 100000
bushels of wheat, 100000 bushels of
| oats, 10000 bushels of rye and 300,-
| 900 bushels of barley taken for ex-
| port, Vessel room was chartered for
| 100000 bushels of wheat to Buffalo
and 100000 bushels of wheat to Geor-
| gian Bay.
| CHICAGO QUOTATIONS
| The following were the ruling prices in
! the exchange today:
Prev
| Open. High. Low. Close Close
| WHEAT
Sept. ...1.2s9s 1.o9 / 26M .26M /. 2sH
! Dec. ....1.3t 1881 1914 1.31M 1872
Nay ..,.1. 39M l. 40& 1.37@s .SSls HOS
| CORN
Sept. .,.1.19A 1914 1.14S 1.145s 10
| Dec ....1.13B 1.13B /. OTIS l OTIS 1895
| May ....1.14 III los los 1.14h
| OATS
| Sept. =. 4s,s 1875 AZ AK 4s5s
Dec 80. 90 53 SIS 519s 50
May 49,. 81 571s SO So 57s
! RYE
Sept. ...1.01h LOSS 1.Ol o2 1.o1
Dec. ....1,O4s 1.05A 1.O3% 1.039s 1.o4
May III .091a 1.10h los 1.0sla /. 90
| LARD
Sept. e. go. IS so Il 90 IL 90 IS 81
| Oct. so 80 1892 12.97 IS. -
Jan. 49,. 1872 1325 12.7o 12.72 Is.
| SIDES
Sept. 80. 800. 1905 l., 10
Oct, -. 12.1O 12.1o 11.92 1872 Il. OF
! BELLIES
! Sept. ..... 1925 IS. 40
Oct. 80. $40. $40 1925 1925 Is. 40
| RECEIPTS IN CHICAGO
Wheat NEUTRALITY-SUSPICIOUS.. 81 cars
Corn Observation-Disclosures. 1876 cans
| Oats ACKNOWLEDGEMENTS. 1888 cars
| Hogs Observation-Disclosures. Is, 900 Lead
CHICAGO CASH QUOTATIONS
! CHICAGO, Sept 11.-Wheat No. red,
S1.52l2 No. . hard. $1.30l..
! Corn: No. mixed $11S@1.201&: No. .
yellow, $1.171a GL1204.
Oats: No. white, 4o14@5o1ac; No. 5
white, Az 14S14c.
| Rye: No. . 81 03.
| Barley, T2@SSc.
| Timothy seed, $5.O067.00.
| Glover seed, $11.50Q21.50.
Lard, $3.50.
| Ribs, $3.50.
Bellies. $13.62
| KANSAS CITY QUOTATIONS
| KANSAS CITY Sept. 17.--Wheat, No.
! hard, $1.19@1.3l; No. . red $1.S1@1 "a.
| Corn, No. yellow, $l.12; No. mixed,
! S1.07dI1.10
/ Oats, No white. 49hc.
GRAIN MARKET OPINIONS
| Lamson Bios: Favor purchases on breaks.
Stein, AStein x Co.: Dips encounter sup
| port.
| Clement, Curtis & Co.: General situaticr
! not much changed.
! jackson Bros: In view of the news, the
| market holds remarkably well.
| tor EDo oYOT ATTONc