Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-09
GRAIN

1
in wheat and closing prices were
TO 2 3-S cents higher. September
1.29 3-S to 5-S; December. 1.33 IS to
1.33; May, 1888 to 1,sS is
i Corn closed IL to 1 cent higher,
rallying with wheat. September
10S IL; December, 1.02 to 1.03; May
l1.03.
Oats weakened at the close under
selling by local longs and last prices
were is. to II cent lower. Septem-
Der, 81 81; December, 81 IL; May,
"a
Lard closed = IL higher to II
lower, ribs unchanged to 10 lower,
and bellies 10 to ID cents lower.
Local cash sales were $50, 900 bush
els of wheat, $4,000 bushels of corn,
10000 bushels OF oats, and 5000
| bushels of barley. The seaboard re-
ported 1000, 600 bushels of wheat
taken for export
There was a change in sentiment
OH the wheat market. Buyers
have been holding for over week
until the government report was out
| of the way and the time has arrived
for them to resume activity. There
was some reinstatement of lines de-
! spite the fact that the report would
| not be issued until late this after
| noon. This gave the market a bet
| ter tone. In corn, trade was light
! and prices fluctuated widely. Oats
were inclined to be stubborn.
| Wheat started higher because the
Liverpool market failed to follow yes
! terday's decline. There was some
l
and later advices from the seaboard
| indicated that over 100000 bushels
| of domestic wheat had been sold
| abroad overnight. This included
| 100000 bushels of durum and the
i balance Of hard winter. On the
| bulge realizing sales checked the
| advance and caused some reaction
| The movement in wheat in Kansas
| appears to be nearly over but the
! Nebraska movement is getting un-
! der way and Omaha is expected to
| be the leading market for a few
| weeks. Crop news was of the same
| caliber, MOSTLY bullish and from the
| caliber, mostly bullish and from the
! market was firm and the demand
was broader. There was less damp
| wheat in today's arrivals.
Corn fluctuated wildly, owing to
the failure of buying to develop on
| the bulges. There was an opening
rush to buy that caused a big adj
vance in prices in the absence of
i selling pressure. After the opening
moderate offerings disclosed lack
of buying and prices weakened al
most as rapidly as they had advance
| ed earlier. Some recovery was no
ticed when the market met with rest.
inn ny-6n To Ja,1x- ~
ter demand for cash corn and pre-
miu s were unchanged to IA higher
Shipping demand was light Indian
apolis and Louisville were undersell-
ing Chicago in sections. Country of
ferings to arrive were light.
Oats followed the trend in corn
| but Import orders were met around
the previous close. Sentiment is
| H. -e bullish owing to the strength
| in the cash market. Premiums for
cash oats were l cent higher today
with receipts exceedingly light.
: Country offerings to arrive were nil
! Wet weather in the last day or two
| has caused oats to lodge in certain
! section of Illinois.
| Low II corn and weaker hogs were
a combination hard to beat by the
provision bull. Selling was moder-
! ate in volume but the buying power
was conspicuc- sly absent.
CHICAGO QUOTATIONS
The following were the ruling prices -
| The exchange today:
| Prev
| Open. High. Low. Close. Close
| WHEAT
Sept. ..1.27 i 29h / .271N1 29as PTS
| Dee. 80. Il. y l 331a ,S1$s .33 81
/ May I'll. 361a / .3Sas .361a 1.3s 3GA
| Sept. ...1. 1875 1,15E 1,12A 1.f31a 1.12B
! Dec. ...1 OPS ! Obs 1.01 OPS OPS
! May .03M /. 041s LOIS 1.035s l.037s
Sept. -. 49A 1917 4sM 4sa4 40
Dec, go. 52a 52as 5lh 5lh -
May 80. 54l4 54h 537s ii 541s
RYE
Sept. -. saH a39s 90 9a2s a27s
Dee. 49,. 81 974 96as 97B 81
| LARD
Sept. -. 80 ~ IS. 60 49, so IS. so l3 90
Oct -. 81 50 10. 81 1872 1910
Jan. 80. Is. 81 1872 -. 81 1870 10. 20
Sept. >. L. 20 1920 10. 20 20 -. 20
| Oct 1247 24S % 12.25 II %
BELLIES
Sept. 49,. 49,. 1885 10, % 1925 10. 40
Oct 49,, Is. 45 13 45 10 50 10, 80 IS 45
RECEIPTS IN CHICAGO
| Today.
| Wheat ...... -. -. ....,..... 392 cars
! Com ....'.'. 49, .'..'.'.'''' l4o cars
| Oats ...... ....., ....,...s,,.. II cars
! Hogs ..... .............. 80, 900 head
CHICAGO CASH QUOTATIONS
| CHICAGO, Aug. 7.-Wleat, No. , red,
$1.30; No hard, S1.2SM1. 291a
Corn, No. mixed, $1.14@1,l5; No. 2 yell
| low, $1.l5M1.151a.