The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-09-08

Topeka, Kan. Sept. s.
WHEAT-This market was weak this
week after the strength it has mad the
last three weeks. and closed at practically
the low point of the crop. This weakness
natural conditions, Tor the receipts nave
been small and the Visiabie supply in the
United States and Canaca showed de-
crease last Tuesday OF l,l45,OU0 bushels
The shipments rom Russia have fallen or
materially, and Argentine also and the
world shipments are below the foreign re-
quiremenTs for the last three weeks. Still
the trade is afraid that there is going 10
be a flood OF wheat from the northwest
come on the market that viii swamp II
nd sell IL a great deal lower. IniS - Only
what is supposed to happen and keeps
every one out of the market. 1il> sltua-
ton is this, while we nd a big run OF
winter wheat for a few weeks, " hen wheat
was ten Gems higher than now ON say
that the spring wheat Will start ca so
freely at price Is cents below the prices
that the market was selling at When Win
ter wheat started to move The winter
wheat has gotten down TO pr tctlcany
nothing so early on nothing more thSh lne
depreciation of the price. 4 may be wrong
but / think that most of this Dear1ShnesS
in the grain market is coming from w an
street They have had a lot of stocks on
their hand ever since 1901 nd they Woulo
like to get rid of them and they are IN
creasing dividends on some stociSj ana
talking increasing dividends on others anu
showing you how great the earnings are
on certain railroads but never say one
word about the expenses OF tne Same
roads and besides this they are ISSUING
new stocks and borrowing money all tho
time and yet Increasing DIVIDENDS. II
looks to me that they want to get rld Oh
them and would like for you to take them
off of their hands This at this time is
where 1 think the big thing in wheat IS
they are telling of fine crops you nave
and of the prosperity you are enjoying
and If you don't keep your head IN sooI
shape they will get you to believe II
think l would rather buy wheat az tEese
prices than Union Pacific at present
pice. You viii have safe run Tor your
money.
CORN-WeH it is stin weak and looks
as If it needed its friends, the alcOhol PEG
pie. wonder what has become OF tnetn,
they don't mention it now; II 1t was goihg
to have so great an effect on the market
when May corn was selling at pic they
ought to boost it up now when It 8 Selling
at 43c. It certainly looks as II Il Wa
better for the trade, but they have FORGOT
II lust as / said they would when the
market sold down; now this market has
broken about enough and 1 belieVe lnat
this corn bought and taken care VIII
make as good investment as a = sisOH
common present prices
OATS=T1fS market has been STEADY TOT
the last few weeks and / believe that II
has saw III break and believe II is one
of the safest inysetmntS on the market
today: think them as good as Reading
was a year ago
said: they have had them up long enough
and the September is contested so that
for the next few weeks the outcome IS un-
certain, but I think the September VIII
fall in line and that viii put it to about
sl4OO per Dbl. Think the January sale on
all strong points.