The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-06-03
Kansas City. June 2.


Observation-Disclosures in the May
whca: continued more Or less until the
was forced ur Oh the shorts nearly &c per
bushel Aside from any manipulation the
market has been very active all the week
dition.
The weather has been more favorable to
the growing crop and harvesting has al
While receipts from the northwest were
liberal, the price being sufficiently attrac-
the movement was not burdensome at any
time and the visible showed a decrease for
the week of 1903, 900 bushels, and it is evil
dent that offerings from the country are
to be small during the balance Of the crop
year.
The strength Of the Liverpool markets
Is an encouraging sign, the July and Sep
TENDER deliveries there being respectively
TIC and 33zc higher than a year ago, While
prices in Cbicago for the same deliveries
are unchanged. Cash wheat in Chicago is
from 15c to 20c higher than the July OPP
than three million bushels. The milling
demand continues and prices in Mime
apolis are higher than in any other of the
The cash situation and the amount of
wheat raised this yea must be the fac
tors to govern the market, and if millers
continue to make flour from wheat cost
ing them zoe more per busheI than they
could buy it for delivery in four weeks
from now, we must conclude that they
know what they are about and whether
they can afford it or not. If the actual
wheat right now IS worth over a DOLLAR d
bushel there is no reason to beIieve that
wheat to be delivered in July is wo(h
/ less, and these prices must draT- closer
together, and the outcome of the new crop
will determine which way they viii come
together. While prospects now are for
fair yield, no one confidently expects a
big one and it does not look like a diff
cult problem to solve, and we look for
the July wheat to go up, at least a good
part of the way, to meet the cash wheat,
and we advise taking advantage of any
decline in price to buy.
CORN-Corn has grown more active and
higher. The weekly government report.
also the Price Current crop reports, ad-
wise that termination and growth are slow
| in the principal states and more than the
usual replanting will be necessary. The
| decrease in the visible supply, 900 bush
/ els was much smaller than expected but
/ it apparently had no effect on the mar
/ ket. The receipts from the country called
cry, were over loo cars daily for several
days but all corn offered was quickly ia
/ ken and it looks as though there would
/ be a demand for all the corn now In nrSt
/ hands With favorable weather from now
/ on prices may have a setback, but we do
not look for any very low values in this
cereal and think purchases on any mod
crate decline comparatively safe.
OATS-The weather in all directions re-
ported favorable and the small strength in
4 the market was mainly IN sympathy VIII
corn Aside from the influence Of the
| strength in other cereals the market is
dull and without tone. The prospects are
for a good crop and we see nothing to en-
| courage buying at present prices.
| RROVISIO NS-The provision market has
been very embarrassing from a specula-
| tive standpoint and shows tonight but
| slight advance over a week ago. Ofer1ngs
are moderate and demand light and bust
ness in the pit at times has been almost
| at a standstiIl. AS was the case last week
on any advance the pa ckers were Drtncl-
/ pal sellers We see nothing to encourage
| buying and would not advise selling ex-
sep' e CHR5ffSTIE GRAIN &. STOCK co.