The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-04-19
F. G. Logan's Grain Letter.

WHEAT-War news was in the air
this morning, the press being full of it,
but on account of the closed exchanges
there were neither cOnsOls nor cables
Later, however, the curb at Liverpool
was quoted pence higher per Genital
than last Thursday, equal to cents p
buShel and the market opened with a
roar nearly 4 cents per bushel higher
than the close Saturday; shorts and
18th hour bulls who remembered for
mer advances OF, foreign war were the
buyers, but the heavy longs. such as
Linn and Cudahy, We're very heavy sell
lers, bringing about a quick reaction
Visible supply decreased III. 600 and is
now 1876 0C0 bushels against 5S, 1873 COO
last year. Primary receipts We're 49,.
600 against 1874 900 a year ago, and ship
mentS were 134, coo against Csc, 600 a year
ago. Four ports cleared equal to 2S2,-
600 bushels of wheat, and demand for
flour at Baltimore was said to be larger
divided between foreign and domestic
accOunt-than mills could possibly fill
Sales of flour by two large Minneapolis
firms Saturday were 80 600 barrels; the
weather was cold and backward. The
summary regarding crop by snow in
morning paper making winter wheat
position distinctly bad, and the south
west reported Kentucky wheat in the
joint with prospect of freezing weather
there tonight. AIillers bought 80, 600 cash
wheat here today and sales We're made
in St Louis of No. , red at 1O212. The
Worlds shipment according to pri-
Vate ca BILE were 4, 25S 900 bushels For
eigners traded both ways and were sup
posed to have realized on conS2deTa Die
long wheat. Outside of the longs, the
heaviest selling was of July and Sep
TENDER wheat, supposed to be for ele-
vator account. A we'll known operator
Just returned from California says the
shortage in the three winter wheat
states will be more than made up by
California where prospects are fine.
Perhaps wheat would have sold as high
as closing prices without war news, ovv-
ing to the weather reports but the fu-
ture of course, will be largely guided by
the news from the Mediterranean. We
should hesitate about getting heavily
short even at the advance
CORN-On the belief that war trOu-
beS would affect prices of coarse grains
both corn and oats opened higher with
good buying and shorts covered freely.
shipping demand quiet, about 10000
being sold. If there is to be any for
eign war it would seem sensible in
Vestment to buy something like corn or
oats, which might decline or advance
10 cents.
PROVISIONS-Ope strong and
higher in sympathy with general mar
ket. English houses, however. and To-
cal packers, sold, causing decline.
Shorts were best buyers. Stock men
claim there will be liberal increase in
hogs receipts cash trade was good and
estimated hogs for tomorrow 10000. As
between the price of hogs and the gen
eral contract, there seems loss to the
packer of as to a hog, Notwithstanding
shoulders and Joins are being good pric-
or hogs decline.
st. Louis close: Wheat. cash 75c May
9414c, July 1880, Sept ll7sc: corn, cash &c.
May 2214 d223sc, July 2324c bid, Sept. 25l4 c
asked; oats. cash 1S12c, May Isle, July
s.. ~ aF,,- ,.,t,aot ora1a5 20 o1osa1