Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-11
Ir'1\A%QyMarktt Reports
GRAIN

F.! CHICAGO (ThursdaN), Oct. .. -
The wheat market today was in a
highly nervous state. Prices 1luc
/ tuated so much that at times it was
! difficult to know the trend. Corn
and oats followed the leader, but
their fluctuations were not so cratic
| as wheat. Provisions were irregular
| The biggest surprise of the day
came at the opening when wheat
prices broke nearly a cent from the
! previous close in the face of an ad-
vance of Ia to Sd in Liverpool 1t
was evident that the local trade be
| lieved that the advance in the Eng
! lish terminal was too strong to be
n natural one, and, therefore, placed
selling orders in the market for the
opening. Commission houses bought
freely and caused a sharp rally. On
the bulge, though, there was more
wheat for sale than the market could
absorb Locals covered short wheat
about midday, and caused another
! bulge.
The foreign demand is not 1fearly
so good as Of late, and overnight
sales were reported at 100000 bush
| els. Local shippers are feeling the
|
That port is embargoed because OF
| the shortage of elevator room, and
they are forcing sales to the sea-
beard by making concessions in
prices. Late yesterday Duluth sold
a cargo of wheat at 3 cents over De-
cember elf. Buffalo. This was half
a cent under what local shippers
were bid early the day before. They
| had no bids from the seaboard this
morning.
! Trade in corn was largely local.
! Prices were bid up early because Of
the wet weather, but the market sag
Ged with some heavy selling by com
mission houses. Prices broke again
under local pressure, but about mid
lday the buying power improved and
la better tone was noticed. Ship
!ping demand was light. Only a few
small lots of corn were booked to
arrive on overnight bids.
Wheat closed / 4 to 4$5c lower
Selling by longs was a depressing
factor late in the day. December
81. 1873; May, $1.54@1.54A; July,
S1.347s Obs.
Hedging pressure and realizing
sales depressed oats, but the rally in
corn pulled prices up.
in corn. The market closed NC
higher to &c lower. December.
1,13% @1,131@; May, $1.16@1.157s;
July, $1.16A @1.162s.
Oats closed "a to 1c lower. De
cember, 56056B; May, COZ @60s5;
July, 5S7s.
Packers bid up nearby deliveries of
lard. Deferred futures were under
pressure, but recovered in sympathy
with corn.
Lard closed 2hc higher to 15c
lower; ribs unchanged to loo lower
and bellies, 10; higher to 10c lower.
Local cash sales were 10000 bush
els of wheat, including 100000 bush
els to exporters; 40, 900 bushels Of
corn 100000 bushels of oats anG
5000 bushels of barley.
The seabOard reported 1000 900
bushels of wheat and $1,000 bushels
of rye taken for export.
Vessel room was chartered for
800 900 bushels of wheat to Buffalo
and 10000 bushels to Montreal.
CHICAGO oUoTAT1oNs
The following were the ruling prices IN
Tie exchange today:
Open. High Low. Close. Close,
WHEAT
Dec ...151H / .511a 1.471s .4o1a 1.5o5s
81 1.5G@s .525s 81 1.55%l
July ...1.3S 1.3S4 .331a .377s 1895
CORN
Dec. ...1.133s Lax 1.12A 1.133s 1.13h
May Lille 1.1Gai 1.15H 1.151s lie
July ...1.16H 1.165s 1.1514 1.1GA LICK
Dee. .. 57qs 573s SO 5G1! 81
May -. G1M 6la1 COZ 6oH G1A
July -. -. 504 5s2s ISIS 500
RYE
Dec. Lag 1.32H | ,aos 311t 131zs
May LIB 1.35l4 1927 .53as 80
LARD
Oct. e. 1907 OF 1906 LOS 1902
Nov. -. 14.S7 1892 1t.S7 1870 IA %
Jan. -. 1910 14.12 1880 IS % IA 10
SIDES
Oct. $50. 1880 1925
Nov. 49,. ~
Jan. $40. 12.33 y. 90
BELLIES
Get. =. ..... ..... .,... 100 14.55
Nov. -. go. 80 II - II 80 II ~
Jan. =. 12.s7 13.0o 12.S7 80 10 90
CHICAGO CASH QUOTATIONS
CHICAGO, oct 9.-Wheat: No. ) red !