Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-11-22
GRAIN
by GEORGE C. SCHNACKEL

f! CHICAGO Thursday, Nov. 90
Wheat dropped today despite the
excellent buying on the setback
| Corn had a sharp break at the start
| but in the later trading prices gradu
ally moved back to the previous clos
! ing level. Oats were affected by the
/ action of other grains. Provisions
! had a lower trend.
| Wheat started sharply lower under
pressure Of liquidating sales by De
! cember holders. The buying power
F.; at the time was not considerable be
| cause of its absence, but after a
! further break the character Of the
| demand could not be improved on
| Houses that have been active sellers
| of late absorbed the offerings on
| the break. but they refused to follow
! the trend. Exports of domestic wheat
and flour for October were officially
estimated at So, 53S, 900 bushels, max.
| ing a total for the first four months
| of the season of over 10000, 0OO
bushels. Local shippers were I'M
board and exporters reported foreign
! demand quiet. Sales of 100000 bush
els were reported late yesterday and
this morning. Liverpool showed a
weak tone because of rains in Ar
gentina, continuous pressure and
poor demand. Primary receipts con.
tinue to hold up we'll and Canadian
advices indicate that farmers there
; are working to their limit to get
their crops to market.
Wheat closed II to 3-Sc lower.
December 81. 40 "a to $1.49 So; May,
1.57 3-S to $1.57 IA; July, $1.39 IL
to $1.39 3-S.
Corn felt the weight of hedging
sales at the opening and this was
discouraging to eleventh hour bulls.
On the break leading longs who took
profits yesterday were replacing
their lines. The country was a heavy
seller of corn to arrive overnight,
the bulk of the offerings being of
new crop grain. Shipping demand for
corn was quiet. The east was not
disposed to follow yesterdays ad.
vance. Cash corn basis was un.
changed but buyers show a reluct-
ance to follow the advance in fu-
lures.
Corn / 1-2c lower; December SIG
IL to $1.16 3-8; May, $1.21 5-8 to
$1.21 IA; July, $1..2 IL to 1922 IA.
Oats prices were lower in sympa-
thy with other grains. Despite the
fact that oats are the cheapest of
all feeds, buyers lost confidence in
their position when other grains had
their downturn. Receipts are falling
off and indications point to the fact
that the visible supply has reached
its peak. Shipping demand remains
slow and the east is reselling oats
bought by them previously on all
bulges.
Oats IL to 7-Sc lower; December,
SO Is to 53c; May, So IS to SO 1-2c;
July, 81.
Provisionsl were affected by the
weakness in grain and lower prices
were registered. Trade on the whole
| was not large and mostly local in
character.
Lard closed 2 10 to 1-2c higher;
ribs, II 12c lower and bellies 35c
higher.
Local cash sale, 1900 bushels of
wheat, $4,000 corn, u 900 oats, and
5000 barley.
The ScatCard rarorted 5000
bushels of wheat, $4,000 oats and
100000 rye taken for export.
CHICAGO QUOTATIONS
The following were the ruling prices in
the exchange today:
Prev
~ Open. High, Low. Close. Close
WHEAT
1Ta,. 'YA - s- ~ 1o,s if2%s t'9l IS
i"' 80 30 30 . i'oo'4 i'9'# l'194
july -. l.5SA l.40's LBS .39$s 1885
CORN
,o