The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-11

cagO and Kansas city BOARDS u AEdOc.s
Chicago, May NATURALIZATION
our market closed near the low point OF
the day Monday the selling was chiefly by
tailers who felt that the bull leaders were
doing nothing for the market at present
and the local bears We're leo INTO an
that the movement to Minneapolis con
tinues larger than expected, there IS Mt
tie change in the situation since wheat
was at the top prices few days ago. A
portion of Kansas is far too dry to IN
sure good harvest. Many state reports
given given III in the Washington estimate of last
Friday. We believe the situation is sun
bullish and on any further depression tba Son
months at the discount
CORN-Recceiving houses in the corn
liberal consignments by the country yes
terday 1t is difficult to get away from
the acute situation in cash and May corn corn;
until Chicago has replenished stocks
somewhat. For the later months we be,
lieve the sellers on the hard spots VIII
cially if the expected country movement
takes place after the planting season.
OATS-To some extent oats will act
excellent buying of the new crop months
until recently seeded crop has better
Start--Logan & Bryan.
United Kingdom and Spain-The wealth
err is too dry and the crops need ram:
The hsa oGtiook kG is auite fav aaslb
Germany-The weather is distinctly I'M
favorable, began cold and the crop very
backward. Supplies of native wheat are
about exhausted and prices are equal to
foreign conditions
beneficial to the crop, some advices, how
ever. state that the outlook for the wheat
crop is very unfavorable Indicating
crop even below that of 1908. In 1908 the
outturn officially placed at IA, 400 00
bushels and the crop of 1897 172,0oO, Ooo.-
Broomhall-
Kansas City, clear and cool: Hastings,
50. partly cloudy; Nebraska City, 81. rain
ing; Lincoln, 80. cloudy; Omaha, just
starting rain: Hutchinson, clear, cool,
high wind: Winfield, clear and cool,
windy; Wichita, clear and cool. high
wind
Chicago, May 1.-WHEAT-Local pro-
fesstonals and the pit element were most
ly short of wheat last night, having sold
heavily during the last hour because of
weakness in corn and the inability to see
evidence of buying from the bull interests.
the early expectations being that with the
return of recent bull leader there would
be active buying, but instead there was
every Indication of selling by that house.
Bears say that a further decline is due
while it is the &c. consensus I. OF opinion
break the bears will run into an oversold
condition. which viii bring in new buy
ing and make a sharp rally when they
come to cover Pit traders say they see
more than the usual amount of spread
ing. The buying of July and selling of
selling of December is very puzzling to
traders but the September has the best
support of any of the options.
CORN-Sentiment of corn traders is
very much mixed A good many of the
professionals are bearish on the weather
and planting reports and anticipation of a
much larger movement Receiving houses
say they have more notices OF consign-
ments and look for a very good run by
the last Of the month.-Inter-Ocean.
Northwest cloudy cool; rains in North
Dakota; Chicago, clear and fine.
Liverpool May u--WHEAT-Whea
opened weak, prompted by lower Amerf-
can cables yesterday and the favorable
crop advices from eastern Europe. Later
the undertone became steady and part of
the decline was recovered Shorts became
nervous owing to the steadfness of Mani
toba offerings and the expected heavy de-
crease in the European visible supply.
CORN-Corn lost sd on cheaper La
Plata offerings and poor Demand
Broomhall