The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-10-25

wHEAT-The past week has been an
uneventful one in the way of market fluc-
tuations in wheat 1t has been favor
able week for those who We're delayed n
winter wheat seeding and the crop is
having an excellent start. early sown
wheat now being high enough to pasture.
Rain has interfered somewhat in seeding
and the acreage of winter wheat may not
be as large as last year Receipts of wheat
at primary markets have been about nor
NAL but are now showing a tendency to
increase. The broadening of the market
during latte" part of last week set good
many traders to thinking about the legiti-
nate position of the market Not only is
the situation rapidly turning bullish both
in the northwest and southwest. but it Is
growing more abroad. The undsrtOne
to the market IS strong and appears to be
of legitimate character based on the ac-
tive and persistent demand for all grades
of wheat good enough for contract in any
of the cash markets Appearances indicate
that a sufficient volume OF May wheat
will steadily be taken on by investment
traders, and that the price will gradually
harden and eventually seek a higher
range of values. Australian cables say
the historian wheat croD will probably be
failure. Everything has been against
the price the past three. or four days.
viz: perfect weather, Indifferent cables.
increasing primary receipts and profit tax
ing, but prices are only two cents bush
ell below the high price scored on the re-
cent advance There is a stability to prices
that prevents any material decline and
the market RECEIVERS in one days tradino
all it loses in a week. in face of bearish
statistics and bear hammernE: There is
in May wheat and the trader who can fic-
ure Just when to buy for an inveStmsnt
will be Handsomely rewarded. probably be-
fore the first of the year
CORN-The Chicago Inter-Ocean says
in reviewing. the corn SITUATION; me
market was heavily oversold months ago
on brilliant crop prosnects and tho trade
has been slow to fully appreciate the
changed condits ons brought about by wet
weather and early frosts- Armour was
the first to take advantage of the Situa-
ton and bought December from Acc VI
A full realization of the situation sudden
ly materialized in way that threw shorts
into panic and resulted in tn" sharp al
vance. Shorts were inclined to fight tho
advance and put out fresh lines on every
bulge only to be run in at higher priceS.
Their punishment has been severe. losses
in some insta noes 1e014c
Corn husking is in process, though rot
as fast as is usual for this time of the
wear. as the corn is driving out verv slow
Nv. There is disposition to sell corn
freely where it is being husked and we
may expect a heavy movement soon as it
is in condition to shin. Corn was badly
hurt in Iowa. reports indicating that from
20 to so per cent of that CROP viii be ur-
merchantab1e Dry frosty weather is need
81 to put Kansas corn into condition
Weather indications are for showers In
most of the corn states e~cent Kansas.
tonight end Sunday Considerable corn is
being offered for November shfpuent.
present prices look fascfnatin to the man
with biz crop in the fields.
OATS-Oats are feeling the effects OF