The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-03-27
F. Logan's Grain Letter.

F. G. Logan's Grain Letter furnished
Goodwin & Chamberlin, Brokers, Topeka,
WHEAT-The news from the southwest
still continues bullish and some talk that
Missouri report will be still lower than
the 60 per cent named yesterday. Clear
ances from both coasts for the week. ac-
cOrding to BradStreet'S. were in round
figures 1.750.0 900. and increase over last
week and considered fair. Cables were up
again but judged from this side are
utterly characterleSS and seem by their
actions to verify what Proctor cabled yes
terday, that America held the key to the
situation. for they follow our strength as
well as our weakness, but seem more in
clined to follow the latter easiest. Visible
supply is expected to decrease next Mon
day little short of one million busdels
Kansas was the field for attack for crop
reports today. Eastern Kansas, 50 our
reports say, reporting. damage This is
contrary to previous advices however, and
we should feel inclined to wait and watch
Flour sales by two Minneapolis mills 81.
that the northwest Will not increase their
receipts literally this coming week
snow IS disappearing ehd betWeen ,Sood
roads and the desire OF farmers and ele-
vator people to have the wheat pass out
of their hands before tax day. result win
be an increase. Argentine shipped 224.OOO
last week against 304. 600 the week prev
ious. l. 136. 600 in 1896 Primary market
ceiptS 31SOOO: shipments 10000 The four
ports and New Orleans cleared equal TO
100000 wheat. The cash trade here was
only small. about % 900 to millers- Out
look for Gather promising and by Mon
day will perhaps be springlike through
the winter belt. This viii soon develop
whether damage reports are canards, in
the meantime We see nothing but scalp
ing market.
CORN-Clearance for the day $4,000
and for the week again 800 600 which Is
keeping up the record. Cash demand was
good and prices firm, but with little do
ing.
OATS-Nothing to say about oats ex-
cept a fair cash trade.
PROVTSIONS-W weak at the open
ing with some outside selling. which was
assisted by the packers prominent
commission house sold. supposed to be for
latter interests. Shorts principal buyers
fufr FL st ina fea-
for Monday % 900 and for next week no.
900.
Furnished by Goodwin & Chamberlin.
Brokers in Grain, Provisions anr Stocks,
Topeka, Kan:
The market for the week has lost
points on @. on Rock Island and the
rest of the list closes from to lower on
decisions of the supreme court The de-
cline considering the decision, is of
ton is as regards stocks, if the news is
discounted by the rapid fall in prices and
if the situation can be remedied by legiS-
lation in the near future On Thursday
ness and the dullness demonstrated the
fact that urgent sellers had about liqui-
dated but yesterday the general list
under pressure by the bears and they
were also able to shake out some long
stocks. That the bears have the adVan-
tage is apparent but at any time news
may come such an Introduction of n
pooling bill which may give them sharp
twist On the other hand holders of stocks
are thoroughly discouraged having to
contend with one disappointment after
another Most disagreeabie feature was
the opinion of Speaker Reed that there
was chance to get any action on the
pooling bill in the house during the ses-