The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-27

seabeard figures yesterday showed $780,
600 bushels of wheat on. the move, go
ing to milling points and abroad, while
the total receipts were but 121,00O
bushels.
Disinterested judges of conditions in
the southwest think Chicago will get
practically no new wheat in July. The
spring wheat outlook modifies the sit
uation a little but regardless of the
checkered course of prices yesterday
we feel that the profitable side OF
wheat Is still with the buyer on breaks
CORN-It is difficult to tell what
corn raisers are going to do with their
reserves. There has been squirt OF
receipts following the new crop plant
ing, but this appears to be over and re-
ceivers now say country offerings are
moderate again. There are those In
the trade VINO are bullish and expect
ing July and September prices to go
higher. The situation contains a big
'if' and that is because no one knows
what the June movement of corn to
market is to be. If it proves heavy we
think it will do to pick the strong
swells to sell some corn The closing
up of the May contracts this week Will
clear the situation considerably.
OATS-Some of the states are re-
porting new crop outlook fine A por-
ton of the west and northwest has
some reduction in acreage. Receipts
keep fairly liberal, and yet they are
offset by a good shipping demand day
after day. As in the other grain mar
kets, cash prices are away over the
new crop months.
PROVISIONS-27,00 900 hogs against "a
900 estimated. Commission houses led
the buying yesterday divided between
investors and shorts Some stuff was
taken for foreign account. Some SELL
ing of leading western packers steadied
the market and satisfied the demand
Cash trade only fair. Quality of hogs
rather poor.-Logan & Bryan.
Argentine shipment estimated, wheat
2.OO0 600; corn 5000, 900.
Chicago. May 27-John Inglis wire
from SilSeston, Mo-: Southwest Mis-
souri, about same as last year, acreage
decreased = Wheat uneven, general av-
erage good and in blossom. Abundance
of moisture, looks like rain.'-Logan &
Bryan.
New York, May 27.-The stock ex-
change and cotton exchange will adj
journ from Friday afternoon until
Tuesday morning.
Chicago board of trade adjourns Sat
urday noon until Tuesday morning.
Liverpool. May 27-Italy-Our agent
at Venice cables that the rainfall was
insufficient and more is wanted.
France-The March de Francois,
leading newspaper, states that sup
plies Of grain are sufficient for present
/ needs.
Australian shipments 4OO,o Oo.-Broom-
hail.
Chicago, May give are in receipt
of a newspaper clipping from the Carlo,
| ILL.,. Bulletin sent US by John Inglis
| which says: wheat buyers in this
section are offering farmers from 81 to
1.10 per bushe1 for their wheat in
| the fields This county's prospects are
said to be only fair for a crop also in
Pulaski but the outlook is said to be
very poor in other counties logan &
Bryan.
Kansas City, May 27-WHEAT-
| Cash wheat market almost too narrow
to review; our stocks in elevators 49,
600 bushels and receipts only 5 to q
| cars daily Mills inclined to make only
very small purchases or close down I'M
| til movement of new wheat which Is
only month away. Some deliveries
| being made on May. 10000 yesterday
i Some few contracts being made fol
new wheat at s1.00 per bushel to farm
Ter This means about S1.o5 Kansas