Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-10-02
GRAIN

after a weak start today. The bulGt
in the leading cereal had a stimu
lating effect on bulls in corn. Oats
Ishowed independent strength anC
were one of the first grains to rally
Provisions also had a firmer tone
. Wheat sentiment before the opening
was rather depressing. Buyers seem
ed to feel that q reaction was dut
after the recent sharp upturn am
many of them hello off. Longs aIsC
ideemed it wise to take profits at this
thine, fearing the development of At
ioverbought condition. After the open
ling break locals seemed to thipk il
wise to accumulate some wheat and
the strength in Winnipeg encour
tagged this belief.
SeabOard houses also absorbed tn
!wheat on the break. The real buy
ling power did not get into action
until after the first hour. a depart
|ment of agriculture report on the
lWorld S wheat situation in detail in
minated that the eXportable surplus
may possibly be only 600 900 90,
bushels, and of this amount $1,000,
600 to 150,000,000 bushels will BE-
needed by non European countries
IIIXport sales overnight were only
lvanced their bids to . II cents over
December, and some shippers say
lthey had bids of 81 cents. Is. w
Snow estimates the wheat crop d
this country at 5000, 900 bushels
IcCmpared with S37 ,000,O 900 bushels
Hast months government estimate.
Corn met with selling from dis
icoGraged holders at the start ana
the break was rather severe, After
the opening the buving power i'm
iproVed owing to the bulliSh esti
mates on crops by the local experts
THE effect of this buying was soon
felt and before midday prices wee
NEARLY back to the previous close
Country offerings of old corn to az
lri were light, but of new corn were
lmore liberal. Shipping demand wa:
lSlOW.
Oats had a sensational rise. THIS
market seems to have got out of the
rut and some Of the big professional
ltraders are taking an active part on
the bull side. There were reports Of
good export sales over night ana
this was the basis for the buyin4
movement. Country offerings to a.
Irive were heavier. Sales of 200,0yG
bushels were made to go to store.
Provisions ret with good support
from packers. Deliveries of 1880
600 pounds of lard and 100000
pounds of ribs evidently fell into
hands we'll able to finance the cash
product.
Oats led the trade and prices
closed rs to use higher. Uncon-
firmed reports of sale of 100000
bushels for export led to consider
able investment buying. December
55c to 54Bc; May, $3.50.
| Wheat met heavy realizing sales
on the bulge, and prices reacted
closing &c to " lower, Deem
Der, SLABS to $1.4112; May, $1.46 q
to $1.47; July, $1.33%
Corn, closed ~ TO 1c higher De
cember, $1.10B to $1.I0H; May
| SLIPS to $1.121z; July, $1.124.
Lard closed 10c to 1712c higher
ribs sc lower, and bellies, 213c to
81 r. higher.
Local cash sales were ,00C
bushels of wheat, including 270,00C
bushels to exporters; $4,000 bushels
of corn; $4,000 bushels of oats, in
Guiding $4,000 bushels to exporters
and 10000 bushels of rye, and $4,000
bushels of barley to exporters.
The seaboard reported 100000
bushels of wheat, and 1000 900 bush
els of rye taken for export.
| Vessel room was chartered. for
500, 900 bushels of wheat to Buffalo
and 100000 bushels of wheat to
Toledo.
CHICAGO QUOTATIONS
The following were the ruling prices n
! the exchange today:
Open High. Low. Close. Close.
WHEAT
Dec. ....1.H 1.42M 1.4Ots 1.412 1.413$
May ....I.46 HIS 1.4512 Lists HIS
July ..1 .32la / .34M 80 .333s 49,.
Dee. 81 oola l. 1oa4 1.o7l4 1.1o1s 1.o9a,
MAY ....1l1 .12al .09a4 Lips 4. IL "a
July al. l03s 1.l2M 1.101s 1.12& 49,.
Dec. -. 524 sos 522s 547s 52H
May .... 5G9s 1874 5G3s 59B 56A
! RYE
Dec. ...12 O1a l .23h 1.l99s .23A 1.2O$l
May ...1.24l2 1.27B 1.23H 1.27 1.24H
Oct. 49,. Is. 10 10 80 1910 so 13.S
Jan. 49,. 13.G5 Is. s. 60 1892 IS sc
Nov. 49,. go. IS. % 49, 81 90 10 s.
SIDES
Oct. go. ..... IL. 50 HIS 81 II. 81
Nov. -. ..... go. 49,. 11.9O 81
Jan. 80. $50. go. ..... 1l.90 $50.
BELLlES-
Oct 49,, 80. 49,. go. 1877 1870
Nov. 80. 80. go. 80. 1857 Is. 81
Jan. -. go. 80. 80. 1880 49,.
RECEIPTS in CHICAGO
/ Today.
nno
!
Corn ~ ... " ....... ....... $50
Oats w ~ $500. $50. .... 49,
Hogs ~ ... .......E3 COZ
CHICAGO CASH QUOTATIONS.
| CHICAGO, Oct. 1.-Wheat: No. = hard,
l$1.2lls a -; No. 3 hard, S1.40A
| Corn--No. mixed, $ll2@l.l3; No. =
yellow, $l.1234 Gill.