The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-09-16
TODAY'S MARKET REPORT.
Furnished by the Associated Press to
the State Journal

Chicago, Sept. 10.
WHEAT-Weak Liverpool cables and
feeling here today that there should be
reaction after such decided ADVANCE as
developed yesterday started wheat lower.
Another bearish influence was report
that Armour would bring O0o'0OO pusnels
here from Duluth to I'LL ms elevators
That encouraged short selling, as hereto
!ore the sInall aInouHt o. t Gol1l! a. Mll "a
in chicago and the tact tnat II was pc
ing added to very slowly by the current
inspection mace SnoIt SeIlerS tiiIllu u y -
the tension and September was sold free
" Whlch reSuIteq IN sharp uecIl I iCI
that month in the face OF a GOOD cash
demand here and in the northwest Prices
cellent export demand at the seaboard and
heavy buying by foreigners; The senti7
there was an inclination among traders
generally to force prices lower chicago
contract. The northwest received 1909
cars. as compared with lob a year ago.
declined to 627s663c. advanced to 631sMAc.
dropped to 629sc, then firmed up to 6234g
&c. September started 1c down at 67'@c
weakened to 6514c, rose to 66c, then reacted
freight rates and the weakness in wheat
burdened corn. December began unchang-
ed at 2912c rose to $299sc, then weakened
OATS@Oats held steady on small re
ceipts and a good cash inquiry. May OPEN
ed unchanged to &c lower at 22q221sc held
steady at 22Isc, then declined to 22c.
a concession in prices a the yards laid
the foundation for weak provision mar
y
selling by professionals DECEMBER pork
opened 106121ac lower at SS.3I19, improved
to $50. then reacted to s.. 421a. Decem-
Der lard opened unchanged to 212c down
at "a. S0d S219. off to 81. a, then up to $3.50.
December ribs are unchanged a 81. 20.
New York: the recent half scare over
the monetary situation is gradually pass
ing away and cOincidentallY the market
for securities shows increasing confidence.
The mOVem entS in the wheat market have
an important bearing upon the Stock Elk
change situa ton. The price outlook for
this cereal has certainly improved within
-oaIr T1a n
in Yesterdays stock market calls attention
to the fact that with an Improvement IN
general sentiment. events and conditions
which a week ago were entirely ignored
ewes of investors and SPECTATORS The
movement in the Pacific stocks was the
first real recO gnitiOn Of the Importance of
the abandonment by the Canadian Pacific
which for long time have been such a
source of trouble among the railroads in
the northwest. OF course the markets
have in mind among other things the pros
pect of dividend payment upon Northern
Pacific common stock within a compare
lively short time. The declaration of a
semi-annual dividend upon Union Pacific
preferred in less than two weeks, the eX-
pectation of a settlement of the gas dis
puteS at Chicago. the belief in a larger
distribution of profits on American To-
bacco common stock and other important
developments which it is very well under
stood in a general way different railroad
mana gements are seeking to bring about
for the benefit of their properties.
BARLEY--No. 2, October. 43Ac.
RYE-September, 4612c; October, 45c; De-
CEN Der, 44c: May. 45c.
FLAX-Cash northwestern. size: Sep
TENDER. SSAe:. October, SIC; December,
TfEMoTH3iY@ September, s245; October,
50