Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-09-11
GRAIN

| i ne aclIOu OF IllC III an IItti httS N"9
! disappointing to almost everyone in
the trade. There seemed to be no
definite trend to prices. Early de
cline met with good buying, but the
orders failed to keep up after the ad
vance once got under way, ProVi-
J sions were equally lifeless and no
! change in prices was noticed.
| The wheat market was one of the
surprises throughout the morning.
| Everyone looked for lower open
| ing because the total crop of S31, :
| 600 900 bushels, indicated bv yeSter,
| days crop report, exceeded the most
! optimistic of private estimates. How
! ever, exporters bought the wheat as
! soon as the market opened ana
! prices were slightly higher instead.
| A dip followed under pressure of a
scattered character.
Exporters again were good buyers
| of December around $l.27 IA and
! this together with a rally in Winni-
peg caused shorts to cover Prices
advanced sharply but after shorts
bought their wheat the market
seemed to shrink under its own
weight. Liverpool market was weak
owing to reported rains in Argentine.
| BuenOS Aires market was off l to :
l~cents at the opening. A newspaper
f.; cable from Paris said that import
requirements there will be 10000 600
! quintals instead of 100000 as
earlier estimated. This is approx
mately 10000 600 bushels.
| Movement of wheat at primary
markets was less than q week ago.
| Seaboard advices said that CONT
mental and Mediterranean ports took
some wheat on overnight offering.
Wheat closed 5-S to 3-4c higher.
September $1.22 rs; December,
$1.2S 10; May, $1.34 3-4M1.34 IS;
July, $1.25 IA.
Corn disappointed it's admirers to-.
day. There was Il break al the OPEN
ing on selling, mostly local, because
esterday's government crop figures
were greatly in excess of what the
trade had expected. A local bull
leader became aggressive in the
break and with the assistance of
some bullish crop news forced shorts
| to run to cover.
AS in wheat buying power gave
out after the shorts eVened up. The
Illinois weekly weather report was
decidedly bullish and reported 40 per
cent Of the crop in the dent or roast
ing ear stage, 35 per cent in the milk
and % per cent in the fodder or Bills
ter stage.
Cash corn basis was unchanged.
country offerings to arrive are still
above the market
Corn closed IL to l 1-Sc lower
September, $1.19; December $1.13
1-S01.13 ID May. Sill 1-8@1.14;
Julv $1.14 Is.
Ootc 1,yoro
some recovery with corn but the
buying power was light. The gov
eminent crop report figures were
bearlsh according to local trade con-
struction Shipping demand was
good. Receipts continue large.
oats were unchanged to 1-8c low
er, September, Al 3-8Gt47 lee: De-
cember, 81 5-8c: May, 55 rs to sec.
Lard closed IL to ~ 1-2c lower
and ribs unchanged. No traHo in
bellies.
Provisions remained stationary
Moderate commission \ house trade
was noticed on both sides of the
market.
Local cash sales were 100000
bushels wheat including 800, 600
bushels to exporters; $4,000 bushels
or corn, 100000 bushels of oats, in
cIudln& $4,000 bushels of exporters
ana $1,000 bushels of barley. The
Seaboard~ reported 100000 bushels
wheat and 100000 bushels rye take
FOR export. Vessel room was char
tered for 100000 bushels of wheat
to Port Colborn.
CHICAGO QUOTATIONS
The following were the ruling nricos in
the exchange today.
o, nj, rev
| oP'"' nlS"' Low. close. Close.
"hEH -
, p' aZ1s ! 'Z5Ia ~ Fps 221s
zee '''2'A l,2S12 1.27ll .2S8s 277S
May Il 331s 80 / .33M 31$5 IA
tOp\