Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-26
GRAIN

/ smaller trade in grain today. Crop
news from Canada was confusing
and the sensational reports of yester-
day were denied in official quarters
! from Canada. The experts of the
! Manitoba agricultural experiment
/ station say that black rust in the
southern part of that province has
not even reached the red stage. Off
j Gals of Alberta believe that the fig
ures given out on the crop of their
province are much too low.
! Canadian Pacific railway issued a
; bullish report on crop conditions and
/ they looked for not more than one
third of last years yield for Alberta.
+, The weat market was as erratic as
the crop news. The market had fire.
quent ups and downs but bulges
were difficult to hold. Yesterday the
| advance was too rapid and the mar
! ket acted a little overbought this
/ morning as a result. b. w. Snow
again advised of the appearance of
| black rust in Manitoba, and this. as
well as bullish advices from the other
! experts, caused buying on the break.
Country offerings of wheat over
night were heavy and it is believed
| that some of the early selling was
| against purchases of wheat to arrive.
| Liverpool had a sharp advance but
not as big as trade expected in view
OF the strength on this side yester-
day. Export trade was light as
many of the exporters made no of
fers abroad last night. Premiums for
old wheat in the spot market were
easier. There was some talk of black
rust in North Dakota, but with the
! harvest only two weeks away this
was not taken seriously.
Corn developed a heavier tone after
a high start. New crop months were in
demand at the opening but the buying
was only flash in the pan. Loca
professionals sold on the bulge and
a few minutes later support was ur-
gently needed. Under 20 cents for
December, commission houses had
resting orders to buy on the scale
down. Crop news was more favor
able. Country offerings to arrive
were light. Cash corn premiums
were unchanged.
Wheat closd 1 to 1-2c lower. July,
$1.31; September, $12S3-4 to
SIPS u; December, $1.815-S to
$1.31 Ia May $1.36 IL to $1.361-4
Corn closed to 1 3-4c lower. July,
$1.07 ga; September, $1031.2 to
$1.03 5-8 December, 81 to 81 Is;
| May, 80.
Oats followed the trend Of other
grain. July delivery acted up on the
attempt of few shorts to even up.
Deferred futures were under pres
| sure because of an estimate by Nat
| G n iO1 =
of soc, 100000 in the nine leading
states compared with 10000, 600
| bushels estimated by the government
on July l. Cash oats premiums were
easier.
Oats were IL to 1c lower. July,
SO So; September, 46 Ia to 46 3-S;
| December, 4S SIS; May, 81 3-S.
Provisions started higher on east
ern buying. Packers were free sell
ers on the advance and this, together
with the easier hog market caused
prices to break in the later trading.
CHICAGO QUOTATIONS
| The following We're the ruling prices il
| ,lIe exchange today:
| Prev
Open High Low. Close Close.
] WHEAT
| July ii 31ta ! .33h .3O% 81 / 32ll
| Sept. III. 29B l.31M 1 2s1a .2Sh / 80
| Dec. 81 Bpm l. 34h l. 81 1.31H 1.325s
May IL 39% 1.39M l .36A 1914 1 .371a
| CORN
July IL OSM 100 1O7A .07% 1 .OSM
! Sept. ...1.O5 1.0jA .03M .O3M 1 .O5A
Dec. -. 92M 1924 81 81 921a
May =. 9S24 1914 80 80 93A
July =. % 55M 53A 5a5s 5lA
/ Sept. -. 47ll 47A 46A 46A 47A
Dec. -. 1885 1875 4s3s 4S5S 1888
May -. 521a 52h 81 51as 52B
July -. -. SiA ss7s s4A 81
Sept. -. 81 s71A s5Ia sG% S6R
Dec. 81 91% S9h 9O1a 9OA
LARD
July -. 80. 49,. 49,. 1910 81
| Oct. =. 1910 30 2.92 u SO 1877
SIDES
| July go. 49,. ..... 1895 II 90
| Oct. -. 80. IL so 11.27 IL. 80 II So
BELLIES
July ..... ..... $40, 10. 50
Sept -. .... II. 80 $50 - 80 A
Oct. -. ...,. 12.45 1237 r. Is IL. 40
RECEIPTS IN CHICAGO
Today.
! wheat .................,... 100 cas-
Corn OBSERVATION-DISCLOSURES. 1873 cars
oats Observation-Disclosures. 81 cars
| HOGS .....,................ q, coo head
CHICAGO CASH QUOTATIONS
CHICAGO. July 24.-Wheat, No. red,
$132: No. hard $1.311a6l135.
Corn, No. mixed, $1.0919 Clio No
II yellow. $1.10@l.1IA.
Oats, No. . white, 55A @J6kc; No. 5
white, 53si 0p55c
| Rye. No. .. S5%c.
| Barley, T512 @S5lac.
Timothy seed, $6.75@S.75.
Glover seed, $12.00@20.50.