Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-07-29
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GRAIN

CHICAGO, July 23,---An interview
credited TO James \. Patten in which
he forecast S. a bushel for wheat,
$1.25 TO $3.50 for corn and 80 to 80
cents d bushel for oats was the cause
of wild furry in the grain mar
ket late in the session. Wheat at
one time was back to the previous
close but at the finish prices were
ia to rs cents lower. July 1856 Ia;
September / 81 2-8 to 1.34 Is; De-
cember 49, ID 70 1,37 IS; May 1.41.
CHICAGO, (Mondayl, July IS
The disposition today in the wheat
market was to so q little slow on
the Buying side until the effect of the
new movement Is felt, while corn
continued 10 make friends because oc
the Iatenas& of the crop. Big inter
ests ate operating on the Dun side
II both bus they failed TO gain many
recruits. The strength i'll hogs is
lifting provisions to the best level
OF the year Wheat mad n downward
trend. Balls were disappointed III
me Liverpool market, which re-
Sponded only half-hearJcdiy to Sat
uTday's advance here. The J4iEerpoo!
weakness tended 10 rather disturb
buyers. There was heavy selling
from the start by houses that were
conspicuous buyers on Wednesday
of last week when the present up
ward movement started. Locals at
tempted to stelr the decline but they
succeeded in only slowing it up.
Commission house buying on the,
dips was not as broad as antici~
pated. The big movement OF new
winter wheat is on and Kansas City
reported receipts of 1872 cars while
Chicago arrivals were 424 ears. Big
receipts had a depressing effect upon
the local cash market and premiums
We're half a cent lower. Canadian
are investigating the re-
cent crop news and threaten to dis
band the crop reporting bureau If
it's inefficiency is proved. Seaboarl
reported the continent good buyers
Of Durham wheat but the United
Kingdom buyers are still holding
back.
Corn had an erratic opening. East
ern buying and light offers caused
a sharp bulge in September. New
crop months were under pressure
and started lower. After the open
up and this attracted increased COM
mission house buying. Market acted
on wheat and this was
to it's friends. Cash
corn basis was IA cent lower owing
to enlarged receipts.
Corn closed l ga to 3 5-S cents
higher. May reached the IL mark
and this is believed to be the high
est price on record for that future
at this season of the year. July Ill;
LOS II to 1,0S SIS; Deem
Der 95 SIS to 95 rs; May LOO.
Oats were more inclined to follow
wheat than corn. There were re-
ports of rust damage in Nebraska
and this encouraged some buying on
the dip. Oats basis was unchanged
to u cents lower. Shipping demand
was lower. Eastern re-sellers offered
oats / cent under local shippers.
Oats were l cent lower to 3-8
cents higher. July 54; September
81; December SO rs; May Sc IL.
Provisions were strong. The bis
advance in hogs stimulated good
house buying.
Lard closed 80 1-2 to 80 cents high
er, ribs AZ IL to 60 cents higher
and bellies q IL to 40 cents higher.
CHICAGO QUOTATIONS
The following were the ruling prices II
The exchange today:
Prev
Open. High. Low. Close. Close
WHEAT
July -. 1854 1867 "a 1868 1867
Sept. -. 1914 1854 1.317s 1875 1854
Dee. -. 1854 1.3S 1.35 1878 1.3S
May &C., 1.4o 1.42ls 1855 1.41H 1.42
CORN
July =. T. 10 III 1.o9% III / .o9A
Sept. .. 10Y 100 l .oGh 1.OSla 1.O57s
Dec. 80. % 999s 944 1856 957s
May -. S53s 100 959s LOO 96}2
July 49,. 54g4 5% 53M "a 55
Sept. 49,. 40 52A 4Sas 5l1s 1878
Dec. 49,. 51M 547s sos 537s 5114
May -. "a 81 1914 5Gl2 541s
RYE
Sept. .... 91A osla 931s a79s 94E
Dec. 49,. 9S 1.O2A 1854 1.01H 97l4
LARD
Sept. go. Is so IS. % 1880 13. Is
Oct -. 40 1920 10. 40 1880 1927
Jan. =. 1890 $50 1850 1892 80
SIDES
Sept. =. 11.6o 11.s5 11.6O t.s5 lilo
Oct -. 1l95 1905 II .95 100 11.57
BELLIES
Sept. .. 1870 1877 10. o5 1900 u
Oct ... 1915 1927 1915 1927 12.S7
RECEIPTS IN CHICAGO