The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-11-13

shown a buoyant disposition all week.
suggestion in our last letter that the mar
ket had had a sufficient decline and was
in a position for good advance. The
beariSh items that were so prevalent last
week seem to have spent their force and
faded away, giving place to news of a
prices for this cereal Perhaps the most
potent bullish factor of the week is the
report from argentine aee from sources that
is seriously damaged by locusts Other
items that gave a materially strengthen
ing tendency to the market is the falling
tightening up of the movement from first
hands in the northwest is especially
country report good demand for flour
and in many cases are sold ahead. There
ing of December wheat and consequently
the possibility of a squeeze in this option
causes the short to be very uneasy. As
compared to the closing at our last writ
ing December wheat is about 51zc and
May 31sc higher.
CORN-Corn has maintained strength
al of the week, and while the appreciation
in price has not been great. we believe
this commodity is in a position to have
ture. There is a good demand for all of
the old corn for feeding purposes and as
freely little spell of bad weather would
cause apprehension about receipts for the
Near sp1 future 1t po,, a,n n,on,r.,,,
strong and has scored another good adj
vance for the week Today being the high
he & er Nav 10 p pe
high enough, but with the general bull en-
thusiasm that prevails in all speculative
aticles. it may be too soon to commence
operations on the bear side We believe
however, if a person can watch and catch
the turning point May pork will prove
profitable.
COTTON-One year ago today December
cotton was selling at 81 S. today's closing
than a year ago. We are of course aware
that the cotton crop this year is reported
as being somewhat short. still the esti-
mates indicate about II, O0o, 600 bales, which
is by means a famine. The present
situation reminds us to some extent of
bullish enthusiasm had prevailed all over
the country, everybody had cotton bought
hgR who one aR trg to sell h TO
ings with result that cotton broke over
SO a bale in one day and continued to de-
cline until it had reached a normal price.
resulting in disaster to thousands of peo-
pie who had in the excitement made pur-
chases at a price far above any reasonable
commercial value. In our opinion cotton
today is in very dangerous condition for
the Spectator and those who are not in
terested will do well to leave 1t alone and
VII mot regret it i they sell out,
lief that there is the possibility of a
stringent money market abroad. The
t Sahn matter IL Of higer rates Of inteTest
move of this kind might affect our own
stock market so lar as issues that are not
on a solid foundation are concerned We
have reference to Copper stock and the
like that are listed and traded on the
New York Curb These stocks have
shown no apparent strength of late and
could easily become demoralized. We
would suggest to holders of Inspiration
and securities of that character that it
would be a good plan to unload
Inspiration is capitalized for one million
shares, par value SO per share. The COM
pany is reported to own about 46o acres OF
land in Celia county. Arizona. is not
dividend payer. and the question arises,
is this property worth two million dollars
Topeka Market.
Furnished by the Chas- Wolff Packing
Co. yards close at noon Saturday We
cannot use pigs thin sows or hogs
weighing less than 40 lbs Do not mar
ket hogs unless same are well finished
as we cannot use half fat stuff We give
below prices effective at once. until fur
Their notice-1