The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-06-09

Kansas City. June g.
WHEAT-This market has been gen
the week, based on the state reports com
ing in Almost all Of them reducing the
estimate of the crop that they had SO
cents I believe called your attention to
it then, that ] never saw a Dig crop or
wheat raised on winter and faH. ana
and thought the time would come when
this wheat would be wanted ] was con-
fdent that the crop was more promising
in Chicago than anywhere else and be
neved that they needed it there IN order
to hold the price of wheat down until
after the May deal was out OF the way
This proved to be quite correct; they have
gotten quite bullish up there the last
week or SO. And I believe that they nave
Something else in view, and Wills I be-
lieve that this wheat is going to sell high
er we must not get bull1sh as the prlce
higher there must be forced speculation;
of course there is lots to come IN the way
Of wheat yet. the winter wheat is not
harvested and the spring wheat mas gor
all of its critical periods to 80 through
yet. and if something should happen TO
it then you might see fancy prices Inese
things to contend with will very likely
give US a good lively market in wheat
and think I would buy 1t on the breaks
and take profits when olIered. as the Ior.
eign crops are all in good shape, at least
there is no serious complaints from that
C0RN-Tbis market was a good one
and like said last week they were going
to t-1'I make the outside believe it was worth
the money and that they would do this
il they had to put it up some more; Wen
they have put it up several cents. and
there are a good many now that thlnk
they can see IS cents for the july corn
And when you all get to think king TINS
better sell them some There is
no reason. for this corn selling at thee
prices. Only that these same tel
lows who got you all to thinking last
spring that this corn was not worth any
thing are running the shorts in After
will No worth
Thev can't make alcohol out of this
July and September corn, as the law e9ss
not 20 into effect till after January, lsUt
and they will forget all about It BY that
time And the idea of them using alcohol
to make cheap fuel is out of the question
e T 3115ersfand it, It win be made out
of refused stuff mostly. very poor argu-
ment indeed. and another thing IS bulling
corn on dry weather In May or the hrst
part of June: why all the good big crops
Of corn that ever remember was raised
on dry springs. I viii admit that TINS one
has been little severe Dut We are gel
ting rains now in a good many localities
and more will follow, and We are very
IilxaIx- ia have plentv of moisture in June,
- ,,o-y, VrflI make up for lost time when
II comes I believe that this corn is too
high now but while the fever IS on OF
those that have bought, may have bur
den on their hands the rest Of the sum
mer- believe that If I did not buy corn
At A2c would not buy It at sc
OATS-This market has been good and
strong on the same principle OF wheat,
SO e fine coming outlook in the south
wesf It certainly don't look very 4
couraging for a crop of oats. but the acre
ape seeded in the northwest Is very large
and there is where the surplus a oals Is
what they are worth and therefore there
vciU be two sides to the question row
and give you some good places to scalp
~, - they are likely to be liveiy- would
INV them only on good breaks. as il is
a long time until September. ana they