Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-02
GRAIN

: out OF july QeIV6cieS oats FURNISHED
the feature. July oats sold within
! a five cent rance in the last ten min
iute sand closed 5-S lower. In wheat
! and corn there was less excitement
! and July wheat was l to l IL cent
! higher and corn l Is to L 3-S higher
: The wheat market lost much of It's
early advance due to profit taking
iby early BUYERS. There was some
! buying late in the day on a report
; that the allies had accepted the
French proposal. Last prices were
! rs to cents higher. July SIS
September $1.32 "a to SIS; December
$1.36 to- $1.35 rs; May $1,41 tc
| 81 400 "a.
/ CHICAGO Thursday, July 81
1t was double feature day in the
grain trading today. The closing out
of July deliveries furnished some eX'
element, especially in corn and oats,
and July corn made a new high for
the season. OF greater Importance,
however, was the black rust reports
received by B. w. Snow from the
most important sections of Manitoba.
These told of black rust found in its
; final form of ruptured postules on
the head stem. There were also re-
west of black rust, mostly in NORTH
ports from our own American north
Dakota and Minnesota. This re-
vived interest in the wheat market
and the trade was expected to reach
the biggest volume of the season.
May wheat sold at a new high level
for the year.
Wheat started higher on buying
induced by the strength in W1nnl-
peg. Commission house reallzln2
sales caused a setback but the mar
ket developed breadth and strength
later on the black rust reports as
related above. Northwest houses leo
the buying early and then some OF
the big eastern interests forced
prices up. Realizing sales were
heavy on the bulge but they proved
inadequate in checking the advance.
There was evidence of heavy eX-
port trade with the United Kingdom
taking hard winter and Manltoha
and the continent bidding for soft
winter. Figures mentioned were as
high as 100000 bushels. Milling
demand for cash wheat was moder-
te and spot offerings were slightly
easier in tone. Weather conditions
are believed to be unfavorable for
the spread of rust.
Trade in corn was light. The mar
ket broke sharply early under the
commission house selling prompted
bv the break in hogs. The rally IN
wheat, however, stimulated buying
by locals and prices worked higher
Shorts in the old crop months were
the best buyers, July making new
high record and September equallnS
the old mark Cash corn was IN
ready demand from carriers who are
paying delivery price for contract
grades.
Corn closed l 3-S higher to SIS
lower. July 81 IL 81 to $1.13; Sep
tcmber $1.07 IL to "a; December
81 IA to S-S; May SO SIS to ga.
Oats followed the trend Of other
grains, the outstanding feature be-
ing the strength in July as a result
of short coverings. Cash oats basis
was easier.
oats were SIS lower; July 81;
December 81 rs; May 81 3-S.
Provisions were under pressure at
the opening as result of the weak
ness in the hog market. The
strength in grain, however, stlmu,
lated buying and prices recovered
more than the early decline.
Lard closed 1-2 to 10 cents high
er; ribs unchanged to 45 cents hlSh
err. and bellies II IL to 25 higher.
Local cash sales were 5000 bushels
OF wheat, 33 900 bushels of corn
and 5000 bushels of oats.
CHICAGO QUOTATIONS
The following were the ruling prices Is
The exchange today:
Open. High. Low. Close. Close
WHEAT
July ....1.a41s 1.37M 1.s4h 1875 1.S41&
Sept. ...1.31% 1.3412 1.31 1.323s 1.3l Is
Dec. 30 1.3S 1.34 1851 1.34&i
Nav ....1.394 1.43 13S1a .40A 1.39
CORN
July ....1.n La III liz 1.119s
Sept. ...1.07& 1.O9A 1.O714 1.074a 1.OSH
Dec. $3.50. 9712 9sM 96M 97H 977s
May go. 80 100 /9s 1915 99@
OATS
ruly -. 5378 557s 5a5s 81 1875
Dec. 49,. % 1915 51A 5l1s 5l%
May obs oo9s o4Fs of2s 'f7s
RYE
Sept. -. aG1s 9s5s 95& a6% 96ls
Dec, .. 998s 1 % 991s 1.O01a 995s
LARD
Sent. 10. 90 10 As BIN 40 1887
Oct . Is. 80 Is u IL. 20 1880 1916
Jam. . 1912 1856 1887 1855 IS. %
SIDES
Sept. -. -. 49,. $50. Zoo IL ~
Oct. 80. $50. go. I%'V L. ~
BELLIES
Sept. -. 10 so 1910 1907 12.9O
oct 80. H.. 10 1915 12.7 1915 1901
RECEIPTS IN CHICAGO
Today.
What pa cars
t,nrn 142 cars
ooNS ....,.. - cars
Hors .......35 900 head