The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-06-25

oversold, and while the news is mostly
bearish the wheat has a way of disap-
pearing on the declines that give the
bears little comfort.
CORN-It is remarked among corn
traders that the big professionals who
have been so persistent in selling corn
short on the breaks and getting in on
the bulges did not have any line when
the market started to break Tuesday
and prices have dropped 3 cents for
the July and over cents for the Sep
tember from the higher point of that
day The weather continues very
bearish and the country is more dis
posed to sell old corn, especially in
the southwest. 1t is said that the bears
put out considerable short stuff yester-
day which helped the decline along. be-
cause they see evidence of liquidation
bv the country.-Inter-Oce
Chicago June 25.-WHEAT-Cleve
leaders in the trade were making the
prediction last night that Europe will
take more wheat from this side in the
next 80 days than the total primary re-
ceipts. June is not yet out of the way
and there will be some fight left in the
bears. enough to force TEMPORARY set
backs, but from the looks of the cable
this morning it looks as if the trade at
home and abroad is ready for a re-
neWel Of bull operations in wheat
CORN-The lower cash prices of the
mast few days are more than likely to
check country offerings instead of in
creasing sales. If the country stands
by it's bullish position as in the past
there will be no safety in selling corn
lust now.-LOgan & Bryan.
Minneapolis stocks of wheat de-
creased SOC, 900 bushels for the week
Ijverpool June 25-WHEAT-Mar-
frv Traders nervous
ing to the strength in America, not
vithstanding bearish American crop
advices and light shipments from Ar
gentine and a further large decrease III
the visible there. Following the open
ing the market was strongly supported,
especially July. Spot markets firm and
cargoes in urgent demand from con-
tinent at an adva- - of Ia TO pence
Big spot interests were liberal buyers
as well as local millers- The German
official report was bullish inasmuch as
the favorable weather caused very
slight improvement
CORN-Advanced I'D on improved
demand for spot and dearer La Platta
offerings of cargoes.-BroomnaH.
Trinne saws: "Outside of business and
crop conditions this mornings news is
of a rather negative character. LOOKS
like a trading market for the present
Baruch says: Market looks some
what irregular Dut Ooii ehiih IL VIII
go off much"
van Schaick says: Look for market
to sell off today"
LYONS says: 1--WE expect a trading mar
ket and would not overlook good profits
on bulges such as we had yesterday"
Duryea said: would not be in a
hurry to buy stocks this morning but
wait until they settled a little.
Omaha-Clear and cool ST. Joe
Cloudy. hot. Kansas City-Cloudy,
threatenong; no rain. Chicago-Clear,
fine. Northwest-Clear fine.
stock opinions gathered by Logan &
Bryan:
Henry Clews & Co. say: while the
market displays strength the greatest
advance is in Union Pacific and South
ern Pacific. Whether the upward
movement is based on mere talk OF on
something more substantial remains to
be seem
Summary: New York-Stocks in Lon
don-Americans heavy, u to rs below
parity. Gold shipments expected in the
near future. July disbursements will
not tighten money markets here or
abroad.-Logan & Bryan.
w. c. Langtry & Co. say: 1.-THE mar
ket remains very professional and is
apt to sudden fluctuations
j. s. Bache & Co.: I'VE look for an
active speculation and expect to see
more or less Of a two sided market.