Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-05
GRAIN

further sharp gains to new high
levels on the crop. Trade was big
land the outside buying was some
thing to wonder at. Wfcs.r TOOK a
secondary position and tie price ac-
ton was very uneven. Cats followed
corn rather than wheat.
Corn started rather unauspicious-
ly. Lower prices were recorded on
first trade because of pressure from
| leading longs in September and from
months.
TIE decline acted as a stmulant
/ to outside traders and soon the sur
plus offerings were digested and
prices moved up into new high
ground disturbing stop loss orders
to buy which accelerated the adj
vance. Market met with some press
ture on the bulge and a reaction fol-
lowed but the buying power was
good enough to start prices upward
again. Cash corn did not show the
strength that futures did. premiums
being cut half q cent However sales
were made at the best prices of the
season. Crop reports were more
| favorable
! The decline acted as a stimulant
| to outside traders and soon the sur
! plus offerings were digested and
| prices moved up into new high
ground disturbing stop loss orders to
| buy which accelerated tie advance.
| Market met with some pressure on
| the bulge and a reaction followed but
! the buying power was good enough
| 10 start prices upward again. Cash
, corn Old not show the strength that
futures did, premiums being cut half
Ia cent. However sales were made
| az the best prices OF the season.
/ orop reports were more favOra bic.
wheat had rocky road to travel.
meeting resistance on bulges. but un-
covering friends on dips. The start
was higher under moderate buying,
oHt the advance was soon dissipated
uhoef offerings on resting orders,
northwest buying caused a rally but
local pressure inspired by reports
OF a@earish estimated by local ex-
pert caused a setback. Support
again developed but around the pre-
Vlous close offerings increased and
the market seemed unable to main
tain rally thereafter.
Wheat closed near the low noint
with losses of l. to 5-Sc registered
September 1.31 3.4 to IL: December
135 3-8 to 3-S; May lao ia to 3-S.
cash wheat premiums were half
a cent lower. Receipts TODAY will
total close to 1000. 900 bushels, Visi
Die supply is expected to increase
over 10000 geo bushels. Rust renorts
were not so numerous with weather
I'M
to its spread
Corn lost some of it's early adj
vance owing to heavy selling by
longs Tor profit. Last prices, how
ever were IA to &c higher, Sep
.emoer LA 5-S to LIS; December
20 81 to rs; May 1.06 Is to Id.
oats were easier at the opening
under selling by cash houses. Prices
plugged sharply later on covering bv
ShoftS and investment buving
prompted by the bulge in corn. Cash
oats premiums were off half cent.
country offerings to arrive were
slightly heavier.
Oats were SIS to 1c higher. Sen.
TENDER 90 -; December SO -: Nav
Sc is. -'iN'
provisions were sharply higher at
the opening on buying caused bv tha
sharp upturn in hogs. Prices lost
part OF the advance later under rea1.
ling sales.
Lard closed Z IL to II lee higher.
IDS 10 to soc higher, and bellies 20c
higher. wv
Loci cash sales were 1000 bushels
vi wheat; $4,000 bushels of corn. and
- 900 bushels of oats