Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-18
GRAIN


more confidence among bears and
! caused bulls to hesitate over making
purchases.
Corn was a weak market all day
with the exception Of a moment at
the opening. Oats were influenced
by the action of corn. Lard had a
strong u"dertone.
Wheat started out with an upward
rush but the bulge was short-liVed.
The strong response on the part of
Liverpool 10 the advance in Ameri-
can markets Wednesday created q
feeling of uneasiness among shorts
and there was a cover as soon as the
opening bell sounded. Longs, how.
ever, seemed to feel that the MAJ :
i let had advanced enough, and theJ
were lust as anxious to sell upon
! the ,upturn as shorts were TO buy.
| This selling caused prices to break
| sharply.
On the break export houses were
| good buyers and this caused a re-
! covery to last nights closing level,
| After the first hour there was a Sc
| ries of ups and downs with the halt
| ing point around the previous close.
Export sales overnight at the sea-
! board totaled 100000 bushels. Lo-
! cal shippers sold Il carload of wheat
! to the seaboard on overnight re-
| fusals. Primary shipments continue
! liberal, but receipts still are in ex-
cess of the outward movement. Do
mestic shipping demand for wheat Is
Tight
Corn started higher and then mel
with heavy selling that caused a Sc.
! we're break and prevented markets
! from recovering much of the loss.
The selling was credited to an active
local trader who is preparing to go
abroad within the next day or two,
and this represented his long hold
! ings in the market
Some of the local shippers report
| ed an improved demand for corn
from New England, but majority of
them reported trade quiet. Over
night offerings of corn to arrive
from the country were liberal but the
break in prices prevented much of
it from being booked.
Corn closed 4 to 3-Sc lower, sell.
ing by longs persisted throughout
the session. December $1.09 SIS to
$1.09 3-4; May, Sill Is to Sill ID;
July, Sill IL. Wheat also had a
weak finish, closing 2 to 2 5-Sc low
Ell. There was heavy selling by ar
elevator concern and realizing sales
by timid longs.
December, $1.49 to $1.49 Is; May.
$1.53 Is to $1.53 ii; July, $1.35
Oats were affected by the action
of corn and had an easy trend.
There was some liquidation in evil
dence and the buying power was
poor. Shipping demand was quiet.
Oats were 5-8c to Use lower.
December, SAC to "a 1-8c; May, 50 $50
to SIS lie; July, 55c
Lard was higher despite the de.
cine in hogs and corn. A reduc-
ton of 22,000,0O0 pounds in local
stocks since the first Of the month
was the bullish factor. Packers and
cottonseed oil interests were the
principal buyers.
Lard closed unchanged to 10c
higher No trade in ribs or bellies.
Local cash sales were 445,OO0
bushels OF wheat, including 400 900
bushels to exporters; 121 900 bushels
of corn: $4,000 bushels of oats, and
$4,000 bushels of barley
The seaboard estimated export
sales of wheat as high as 1000 900
bushels.
Vessel room was chartered for
| 100000 bushels of wheat to Buffalo.
CHICAGO QUOTATIONS
The following were the ruling prices In
| the exchange today:
Prev.
: Open. High. Low. Close. Close
| WHEAT
Dec. ....1.51A 1.52% las 80 Isl
May al. Sc 1868 1.52 .53Is 55M
July ....1.37h 1854 1.34la 50 1897
! CORN
Dec. 1.137s La 1092l .09% 1.13&
May ....1.15ls 1,15B 1.107s lis .157.
July ....1.16 1.16 Ill LIE 1.155S
| OATS
Dec. -. 55ai 55a 81 "a 55a,
May -. COZ Gola 5s 5SM 6oal
July -. 5614 56M % % 56M
RYE
Dec. ....1. 1914 81 1854 1. s3M .35%,
May ....1 1874 1.3SA 1.33ha 1874 .35%
Oct -. 1890 1890 1886 1871 Il.
Nov. 49,. 1917 1885 To- 81 10. %
Jan. LIS a.. 81 IA. 20 1920 20
SIDES
Oct $50. $50. So. 1925 1225
Now 800 .'.'' .''.. 1925 Il. %
Jan -. .'... sea-. go. II. 80 L. 50
BELLIES
Oct '.... $50, 49,. 14.s7 IA 81
S"N' '''' ''''' .'''' 49,. IA. so
Jan. go. ..... 80. 10 90 12.y5
RECEIPTS IN CHICAGO
hiic''' ''''-''.... .......,..... 20S cars
n. '''''''''.'' -........... 104 ears
10 ''''''''''. ............... In cars
hugs ................. %, 900 head
Sugar Market
NEW YORK, Oct. 16-Raw sugar WAS
uulct early today with no sales reported
Prices were unchanged at 6.O3c for Cuban.
DUTY paid '''
Scattered liquidation and selling for En-.
fopean account impaired an easier tone 10
! the raw sugar futures market. Prices ar
! midday were two to seven points net lower.
hellned sugar was unchanged at 7.15c
toI.1Oc for fine granulated
Refined futures were nominal
NEW YORK RAW SUGAR MARKET
a. open, Clos3
3 Dec. , ......... .' .... 80 SIS SIS
Tnroh '''''''''. .''''... 81 ..........
March '......,.. $50. 10 3.l7M3. IS
~ ''''''''''''' 800. 321 800
'uIy '.''..'' .,......... 1856 $50
NEW YORK COFFEE MARKET
NEW YORK, Oct. 16.-Coffce, Rio NO
. 20'I; Santos No. L. -
OFT Open. Close.
Dec. .......... 49,. is. 10 IS. 40G1s. so
March ......., 1890. Is ~ II a.