The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-06-24

good TO cnO1ces nedVy, 81. 4oQNQI.So, pigs,
ssooa6.s5; bulk of sales. s7.4oa7.7o,
SHEEP-Receipts estimated at 5000.
Market steady, Native, g 5oa5. IS: western.
tive; s5.ooqS;o 90; western, $5509s-oo; spring
DAILY MOVEMENT OF PRODUCE.
WHEA A oo 2.4oo bushels; ship
{ - mR ;ss lp, ssssOo bushels; ship
Car lot receipts: Wheat cars, with none
of contract grade; corn 22s cars, with 1856
Total receipts of wheat at Chicago, Min
neapolis and Duluth today were 160 cars,
compared with 121 cars last week and Us
cars the corresponding day a year ago.
Morning Grain Letter by Wire.
lFaTnghed by M Logsn and Woieott Grain
eago and Kansas City Boards Of Trade.i
Chicago, June 24-WHEATLThere
was every evidence at the close yester-
day that the wheat sold by scattered
holders and over confident local bears
was going into the lines of group of
big houses which will be in position
to rule the market and establish higher
prices as soon as the present period of
liquidation is over. No one can tell
just where the turning point will be.
st. Louis expects first car of new
wheat today and a stray lot of wheat
might be run into Chicago next week
for effect in depressing prices. But if
each car of new wheat causes short
selling of a million bushels by the
bears, we will not have to wait long for
a renewal of active bull operations with
the shorts the leading buyers.
CORN-The attitude Of the country
on corn is a little more In doubt at this
time than it has been for weeks. The
crop is so well advanced that there is
more disposition to sell reserves. At
the same time movement so far is in
adequate to depress prices or accumu-
late stocks. The weather will have
much to do with the market for the
balance of the month. There has been
no money made in selling corn short
on breaks for months and it may be a
risky transaction at this time.
OATS+Traders will be governed
largely by the crop reports. There is
excellent buying of the late months
and prices act very stubborn around
the 43 cent level.
.PROvISIONS-21,0 900 hogs against
$4,000 estimated. Action of market will
be governed by heg meyement.-Legan
& Bryan.
New York, June 24.-Trippe says:
| s'Trade and crop conditions continue
| favorable but the corporation tax law
| must be reckoned with. 1t looks like a
| traders market for the present"
Omana-Clear and pleasant. light
| rain last night. ST. Joe-Clear and hot.
| Wichita-Partly cloudy. hot
| Chicago. June 24-WHEAT-Senti-
ment in wheat is extremely bearish at
| scarce article. Traders in discussing
| the market and its probabilities say
| that they expect to see wheat prices
| work lower, but the conservative ele-
| ment argue that there will be small
rallies following each break. which will
| tantilize the bulls and cause them
| loss of money.
| A commission man with a large spec
ulative following said that if prices
have a sharp break at the opening this
| morning, he believed wheat should be
| bought for a good turn. A professional
1 trader who entertainS bul1iSh ideas
| said that these kind of markets gave
those who favor buying a good oppor-
! tunity to accumulate a good line OF
wheat without attracting any atten-
ton.
OATS-Very little was heard about the
green bugs in oats yesterday. There
was a few scattered reports from CEN
| trail Illinois telling of the bug but not
| one report in ten mentioned any dam
age. The hot weather has forced the
crop along And in some sections 1t is
beginning to head.-Inter-Ocean
Chicago June 4.-CoRN-Crop re-
ports are universally favorable, wealth
er conditions being counted ideal. Co
| lunbus. Nebraska, reports the corn
| knee nigh and say it will be waist high
/ by July 4th.
good with the exception of few claims
| of rust and bugs in Illinois and more
| or less beating down of the growing
crop by the storm of Tuesday night.
| The corn market is developing UNI
mistakabfe signs of weakness, particu-
larly for the July delivery. One of the
| largest longs is unloading both July
| and Observation-Disclosures Herald
| John Inglis wires from Harper, Kan:
| southern Kansas wheat thin and yield
| will be light. On the average yield
promises ten bushels. Quality will be
mixed. Cuttin general. Heavy rains
| last night."-Logan & Bryan.
| stocks in London firm, especially the
| Harrimans.
| Bank of England rate unchanged.
| American Car and Foundry annual
meeting today. Lighter business report
ed in Copper market. Canadian crop
| outlook continues good although rain
needed.
| Liverpool. June 24-wHEAT-Mar-
ket opened M@Ad lower on easier
i session, the undertone was firm on ex-
pected light shipments from Argentine
and the continued unfavorable crop
adyices from Argentine.
| CORN-Market 1sd up.-Broomhall
| Argentine-In the provinces of Santa
| Fee the weather has slightly damaged
the young wheat plant while the situa-
| ton of the wheat crop in the southern
j region is becoming quite serious as n
result of the prolonged drought and
/ general crop prospects are ominous-
| There is an inclination here to reduce
| the estimates regarding the corn crop.
I-BroomhaH.
| Financial Bulletin: New York-Buil
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