The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-12-06

buying order The general talk among the
big traders is Very bullish on the final out-
times ever since Armour became a factor
in the market. his actions have been
1A.oi ~ Q ptiSs iidheI tA4ail az liz We,
or legitimate influences. The northwest
has been bullish but the southwest has
been rather. inclined to the bear side and
nave refused to follow any advance in Chi
cago- Receipts have Kept beyond expecta-
tons and shipments have been less thai.
half of the 1eceints indicating an accu-
come into the wheat trade in the sna Pc
OF conflicting reports from Argentina and
the trade at times was extremely nervous
over these conflicting reports. European
consumers, who depended upon that coun-
uneaslness as the American Spectator.
World shipments are decreasing, the
quantity or ocean passage is decreasing.
while the American visible supply is in
creaSing rapidly. Good milling wheat lis
wanted in all sections of the world. On
the Pacific coast there has been a sharp
ing for liberal deliveries on December con-
tracts after December 5. The close of nav
grain 1t means higher cost of transpor~
tation to the seaboard both for wheat and
compared with American. We believe sales
on the hard spots will result in more prof
lis than purchases on breaks.
CORN-The corn crop has made slow
progress in drying out, as the weather has
been against 1t. The late change TO cold
dry weather will help it and as soon as
it is believed that there will be a liberal
movement of the rev corn to market. In
k2PSaS the crop Is fairly good in yield ana
generally slow in grading. At most points
the movement will be free shortly if IA
vorable weather continues. Many cattle
are being shipped into the state for feed
ing purposes and feed is plentiful. but hogs
are scarce The corn markets have been
well sustained of late by unfavorapl.s
weather, although changes in prices were
insignificant. The movement is increasing
slowly, despite the weather conditions, ana
1t IS thought will be general shortly. The
shortage of cars and the future movement
viii depend on the car situation and he
weather. HedgerS are just commencing to
sci 1.-The MAY option, which will be a dead
demand is greater than receipts. These
hedge sales will increase as receipts in
crease. and as the hedgers stay IN the mar
ket until the grain goes into consumption,
they will be u heavy load for option
to carry. We see nothing in the situation
to warrant any advance and believe prices
will sag to a much lower level.
OATS-OatS were quiet but firm. Very
little speculative trading in them.
PRONISIONS-Quite good business III
a speculative way was transacted in hos
were fair and there was little more in
terest manifested in the general trade by
local spectators and packers. In q general
way the undertone of the market was
fact that the marketing of hogs and tho
returns of the packing west are steadily
falling behind those of last year Shorts
were rather uneasy about their outstand-
ing contracts and bought freely Late in
the week the feeling was rather firm. Of
ferings were not free, while good mis-
ceHaneouS demand appeared Prices ad-
vanced materially with a fairly good bush
ness at the advancing scale. The bulk of
the trading was in January and May pork
A. G. GOODWIN COMMISSION co.