The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-04-07

vrHEAT- wbear mas been one of the
finest scalping markets for the last 49,,
and. as it looked last night, there Is noun
ing more that can be expected Jnui
Something happens to the growing crop
the price IS apout an sAPole go fs for
while everything that you near now ~ ~
lower prices, don't lose sight OF tne 1aes
that the crop is not harvested YET ~
also that in the madn part OF the MiniSl
wheat belt it is very young yet, and also
phat it has not had any winter CROWN =
it has had the years we raised tne
bumper crops. The last two or three
years the farmers pastured their
wheat. to hold it back. I have not
heard of any of them doing it his year,
and my observation of the wheat crop IS
that it needs a good start in the tai 10
get good roots so that when It does start
in the spring it branches out. but TINS
was not the case last winter. We mad a
very dry fail and. winter, and Whi!e we
did have some moisture IN March. i was
very light. and not as l saw, in some OF
the Chicago and New York gossip that:
There was Sc much rain in Kansas thaL
the low lands were in LANCER of ruin.
This is all right for them to make the
New YORK crowd believe. but we that live
here know better. It is true that the
northwes has been having larger receipts
than last year, but don't lose sight Of the
fact that the receipts were very light in
the northwest last year, and believe as
soon as they get their hedge bought
back thething won't look TO beaTlsn up
there. The government report VIII come
out of the tenth. and while it may be
bearish, I don't think it will be any sur
prise to the trade, unless It should De the
reverse. I think that the most bearisn
place in the wheat at his time is IN Chi
cago. And think they need it, and # it
don't fool me very much they viii need
more of it before the first of June. I
would not sell any wheat even should X
sell lower. Buy it on the breaks and take
care of it. They will want it after while
and pay you good interest on your money.
CORN-Corn is still going up ana no
one can see why. only that the weather
has been against the delivery of it. won
der how many more things they will get
up about the receipts not coming Onward.
1t will be dry weather if they don't get
them coming soon Ny belief IS that you
will get larger receipts as soon as the
shorts are run in ia May corn, not before.
They are cunning for them. and I thought
so all winter, and that was the reason
that I was friendly to corn. I think just
as soon as they get this well under May
there viii be good money in selling July
corn, but for the present it looks much
like going higher.
OATS-There S li.tle tnat can be said
of oats while she big reserves are in IA
vor of the bears. The late seeaipz is in
favor of the Bulls. and I think .he la.4er
is a very strong card in favor of rhe 6,s-
rant futures The past has tau5at rs that
the late sowa oats Gont .sften make a
good crop.
PORK-Pork has come to = stoD and the
past week has not made any IN
the upside, while I hin this pork viii
sell some higher I do not favor buying #
at the present prices. tt is no 4 y,3J m
vestmentt hin 1 would let The other fel-
lows have t..