The Topeka state journal., 1906-06-16

1927. 900 bushels. less than expected, and
leaving the total now IN the United
States and Canada; 29, 784 900 bushels
harvested already commenced In the
southern states, where the yield IS said
to be good and of an excellent quality
These all went to have depressing in
f1uence on the market. and the market
sold down to S21sc for the September
Today's market had a sharp bulge on
strong cables caused by the shipments
from Argentine being small and as q
whole It has given US another week Of
a scalping affair The wheat market IS
high enough for the present outlook,
and 1 think that one side has as good
chance as the other until the spring
wheat is more definite, as we know the
winter wheat is SMALL The spring
wheat could easily make up the short
age by fine weather. On the other hand
# something should happen that part OF
1t we could easily have higher prices,
and think that with these things yet
to come forth we will have a continue
ton of good lively markets for the time
being and that the same viii be one OF
the finest of scalping affairs. ] think
would favor the long side on the weak
spots as long as they have strength in
the coarse grains.
CORN-This market has given yon
another week of strength and has sold
higher than really thought it would
this time OF the year. The receipts are
three times as large as they were this
time last year and the exports are
merely nothing, being less than one
half million bushels for the week The
argument of buying corn at these
prices on what might happen don't
look like good judgment to me. And
I think that we often forget, what has
happened the past years, why many
times we are not done planting corn
at this time. and on those years the
best ground we have is always drown
ed out and Weedy, this year you never
had finer spring for planting and
cultivating corn and every low spot of
the field has corn on it making the
crop almost perfect with the exception
of dry weather in spots. Many places
have had good rains in the last ten
days and showing that the corn is
coming in good shape. The same will
be the case when we get rain. And I
think 1t will rain, il most always does
the latter part of June. with a drv
spring early in the season They have
used most everything to run the shorts
in and 1t looks to me asTthey have done
a good job Of 1t and have gotten you
most all to- believe that the crop is
worse than you really know yourself
that 1t is These forced Inoven ents
most always carry prices higher than
there is any use in doing and most al
ways ends one way that the outside
/ holds the sack. know some say they
can show figures why grain should sell
higher now than ever before. but they
selves. Most of the biggest bulls that
we have in corn now were the biggest
of bears when the corn was selliRg at
AZ and 4 3 cents. and now corn is up 10
/ and II cents and they are the biggest
/ of bulls. 1t don't look right to me and
I won't prove right at settling time
i Corn Is too high now and with season
! able weather in July will prove it to
| you. I think 1 would be very careful
in buying corn on the bulges. at least
till you see that we are going to have
/ a dry July
OATS-There is no question but
! they are greatly hurt in the southwest
| or parts of it, but the government fig-
| ures of Sc make them a fair crop and
many places have had good rains since
| that time. They have had a 10 cent
advance and II would look as if it was
about enough for the amount of dam
age, but they are excited and viii offer
the finest of scalps on the weak spots
for some little time to come.