Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-24
GRAIN

d
price-making factor in the grain
trade today. 1t is evident from the
estimates received from local crop
observers now travelling over that
country that recent rains were of
little benefit to the growing crop.
r. G. Cromwell estimates the crop
of the three provinces at 100000, 900
| bushels. Last year the yield was
454, 100000 bushels. George M. LIE
Count estimates Alberta's crop at
40,000,000 bushels, against 166, 000,-
GEO harvested last year, and r. w.
kinyon estimates Alberta at $4,000,
600 this year. Sir Henry Thornton
president of the Canadian National
railway system estimates the crop
| of the three provinces at 100000.
Wheat started lower under liqui-
| dation, but the market quickly re-
Versed itself when the first of the
Canadian crop estimates was given
the trade. This happened to be that
of LeCount.
Prices moved up rapidly because
of the desire to buy both by longs
and shorts and little pressure was
encountered even on the advance.
| Early buyers took profits on the adj
! vance and caused some reaction
Country Sold cash wheat to arrive
heavily over night and cash houses
reported best bookino of the sea-
son. News on European politics is
bullish, especially that relating to
! the progress made in the adoption
| of the Dawes reparations policy.
| Weather continues favorable for
spring wheat, and it is now general.
! ly believed that the United States
! wheat crop will equal and possibly
exceed that of last year.
! Wheat sold at the highest prices
! on the crop during the last hour
| and closed with gains of 6 Ia to
| Z IA cents. D. w. Snow report Sc
| rious black rot in sections in south
ern Manitoba and spreading into the
| northern part of the province. This
| caused another wave of buying. July,
| 1872 IA; September, 80 to 1870 Is;
| December. .33 Is to SIS; May,
1877 IL to SIS.
| Corn followed the trend of wheat,
| Better crop news caused the early
setback. When wheat rallied shorts
! became frightened and covered and
the advance stimulated recent hold
ers into reinstating their lines. Cash
corn was in a stronger position and
bids early were lie better premiums
| than yesterday. Sales of $1,000
bushels of contract corn were made
to 60 to store. Shipping demand
was only fair.
! Corn closed IA to A 7-Sc higher.
July, 1.08 3-3; September, LOS 1-2
| to SO; December, 80 IL to SIS; May,
| SO IA to 3-S.
| Oats followed the leaders, and raj
lied after an early decline. Coun-
! try offerings to arrive were light.
Shipping demand slowed up and To
! ledo offered new oats for August
shipment Ia under the lowest of
| fer by local shippers. Sales of 20
600 bushels of contract oats were
! made to go to store
| Oats were l 3-4 to 3-Sc higher.
| July, "a Is; September, AZ IA; De-
cember, 40 3-S; May, 81 Is.
! Provisions were higher in in
| creased commission house buying
because of the hog strength. Pack
ers sold on the advance
| Lard closed 50 IL to 35c higher;
ribs, Is to soc higher, and bellies,
So to soc higher.
| Local cash sales were 5000 bush
els of wheat, $4,000 bushels of corn,
| and $4,000 bushels of oats.
CHICAGO QUOTATIONS
The following were the ruling prices u
,he exchange today:
Open. High. Low Close. Close.
WHEAT
July .1.2fh .32& "a 132A 125
Sept 1.23 sos .225s 80 I2315
Dec. II rs .33h .251a 325s l 2G3s
| May .30a .3S4 .30A 37ss 131 a
| CORN
July. . .1Ot 90 1.O4 1.os% /. o5
Sept. . .1.0l 1.05M 1.O01a 1. O5A 1 .O11t
Dec. SSM 1915 s9A 92H S97s
May E. 9o3s 93la 90A 93A 81
OATS
July .,52G 54h 50 5tH 51sl
Sept. . . 40 ass 44& 47A 45k
Dec. ,47A 493. A 1875 AN
July 500 81 so 81 so15
Sept. .s2H ssM sl% s614 s2ss
Dec. .S55s 9oh s53s 9OA s63s
July $50. 49,. 80. 12.S7 - %
Sept. .12.97 1910 80 13.O2 u. 20
Oct. ,1S.O l3. % 100 1917 II SO
| SIDES
July .'''''. go. II 90 10. s.
sept. ...... 80. ..... 1l25 lilo
Oct. .1l.2o l.55 Ills 80 II ~
BELLIES
July $50. 800. 80. 80 II 81
Sept. 800. II. ~ 1907 12.45 II "a
Oct. .12.o2 12.55 IL. 40 IL. SO - 20
RECEIPTS TN crErcscn