The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-21

FURNISHED by Logan and Wolcott, Grain
Commission Merchants. Rooms 305 and
30S Commerce Building. Members Chi
cago and Kansas City Boards of Trade.l
on the curb last night were not sure of
their position on either side of the mar
ket although there were a fair number
of bulls. Those who were in the pit all
day said that sentiment among most of
the professionals was bullish and that
a half dozen of the big pit traders
hold the balance Of power at the pres
ent time 1t is said that comparatively
few of the professionals were long at
the close last night Notwithstanding
their bullish inclinations. 1t is also as
serted by some of the close observers
that the short interest is extremely
small
CORN-Numerous reports from ILL
nois and Indiana tell of increased she'll
| ing and increased selling of corn and
some of the best people figured after
| the close that more than half a million
bushels was bought in all sections dur
| ing yesterday, mostly for five days
shipment.
OATS-In the oats pit the market is
strong at a shade higher price, due
largely to the f1rmness of cash oats and
considerable congestion in the May.
There is a good shipping demand
stocks back in the country are light
and it is likely that prices will hold
strong for a time at least.-Inter-
Ocean.
Chicago. May 21-John Inglis writes
us from woodward Oklahoma, as fol-
lows: Recent rains have grealy i'm
proved the wheat prospect through AL
falfa and Wood counties, as rain came
just at opportune time when wheat
was heading, but it cannot make much
of a crop as the stand is too thin and
many fields are beyond the recupera-
tive power even of rain."-Logan &
Bryan.
Chicago. May 21.-John Inglis wires
from Scott City, Kansas, on the goth:
Rush, Ness Lane and Scott counties
wheat very poor. While rains have
improved. Quite an acreage blown and
dried out. Light rains oday."-Leogan
& Bryan.
Minneapolis stocks of wheat de-
creased 775 900 bushels for the week.
Argentine shipments: Wheat 1850, 900;
corn 3,251, 600.
Australian wheat shipments this
week $4,000 against $4,000 last year.
LIVERPOOL. Nav 21.-WHEAT-Market
firm. Argentine shipments were con-
sidered bullish with liberal decrease
in the visible there. Advices from Ber-
lin reported that the market was very
nrm. spot markets mere uIllis n "
penny higher. There was good de-
mand for cargoes which caused shorts
to cover. Our own cable from Odessa
reported weather in the southwest I'M
changed. rain still badly needed. Later
there was some pressure as result of a
private cable reporting rains in the
Caucasus.
CORN-Market strong on the dearer
La Plata offerings and fair inquiry
for parcels.-Broomha1
Chicago, May 21-WHEAT-Every-
thing points to a continuation of the
bullish situation in wheat. May closed
at high point of the year. Regardless
of the fact cash sales of $4,000 bushels
No. hard wheat were made for eatern
shipment. Lake charters were made
for 100000 bushels to move at once and
10000 bushels in smaller lots, sold to
country milling points. Northwest in
terror mills are drawing on Minneapolis
for about IS cars wheat a day and ia
addition are paying fancy prices for
durum and velvet chaffy wheat as the
No. 1 northern is hard to obtain. Some
reports claim improvement in portions
of the winter wheat belt but no amount
of rain now can make god the aban-
doTed acreage or give heavy yields