Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-21
GRAIN

CHICAGO Wednesday, Aus. 20
! Wheat was an up and down affair
the greater part of the day, with
the market averaging lower most
of the time. The easiness at Liver
pool and favorable crop reports from
| he American and Canadian spring
| wheat territories made bulls wary
! and scattered liquidation and con
! slant hedging kept the market reac.
| tlonary. The movement of winter
wheat continued large to primary
! markets.
| Export demand for hard winter
grain has been slack the past few
u3>ys The favorable crop news
! from Argentine and Australia. com
blned with the more cheerful sltua-
tiCn IN North America, has made
foreign buyers feel more easy. One
Of the prominent grain men in the
southwest had advices that the
yields in the American spring wheat
territory would probably exceed the
government August l estimate by
Do, 100000 bushels.
There is q better flour trade 60
ing on in the northwest. Minnesota
has been shipping flour out daily in
large amounts. Domestic millers
admit that supplies have not beer
obtained in full, and and with any
possible let-up in the primary run
of wheat the cash situation is likely
10 strengthen.
Spring wheat is being cut in the
D5kotas where there is danger of
further rust development. The crob
will be d big one this year. and
prominent leaders claim that the
United Stat visible supply Will
reach S0,0000G0 before there is any
sign of it decreasing. Commission
house selling in wheat was a little
heavier during the last hour
Wheat closed easy, 5-S TO SO
lower. September $1.27 3-S to S1.27
IA; December, $1.32 - to $1.32 3-S.
May, SIPS -; July, $1.2S7S.
Corn displayed very cratic
trend The market showed firm
broke badly. Good buying through
a house with eastern connections eff
fccted a midday recovery, but it was
not held. Weather conditions over
the belt give signs of. clearing. How
PERSIST from wide sections of the
country tend to keep the market
firm at times.
Corn closed Is to sac lower.
September, $120 IA; December.
$1.15 rs to $1.16; May, SLY IL to
SLY SIS.
Oats showed resistance to pres.
sure, The opening was higher, but
he break in wheat and corn attract
Cd enough commission house realiz-
ire to take the edge off the market.
Later on prices steadied. Oats in
shock are being spoiled by rains,
and the harvesting of the crop is
late generally.
oats closed is to CSC lower. Sep
TENDER, So 3-4;. December, 81 to-
81 Is; May, 60 II to 60 SIS.
Provisions were firm during the
first hour. but reacted. Commission
houses sold while packers gave the
market some support. The exports
of lard from this country to Europe
remain liberal, and on this account
the market runs into good buying on
the dips.
Lard unchanged to 1-2c lower;
ribs unchanged to 12c higher, and
bellies to II IL lower.
Loc1l cash sales were 215,OO0
bushels of wheat, including 100000
to exporters; $4,000 bushels of corn,
So 900 bushels of oats.
Sales of 100000 bushels were made
to go to store. Seaboard reported
500 900 bushels of wheat and 100000
rusnels of barley.
Germany is reported buying rye,
10 figures given.
CHICAGO QUOTATIONS
The following were the ruling prices in
the exchange today: