The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-06-10

Chicago, June 0.-WHEAT-Liver-
pool will give the bulls fresh courage
this morning. 1t was quite evident the
bull leaders were willing the bears
should force break yesterday if they
thought the crop figures bearish. Short
sellers. however, were tinid and 1t
took but little good buying to rally the
market In the face of fairly liberal
offerings of July at times the market
closed with firm tone. Heavy decrease
prices at all markets and the late sea-
son for the new harvest are all on the
side of buyers of this wheat
CORN-If you look at the price you
are likely to sell corn on the swells. If
you look at the conditions you are like
ly to buy it on all breaks. We believe
the conditions the more important The
country evidently is mixed on the mar
as outside selling orders yesterday
were about as numerous as those on
the buying side. 1t will take several
million bushels of corn moving to pri-
marv markets and especially a heavy
movement to Chicago to force any per-
manent break in this corn. While re-
ceipts are in doubt buy on the dips
Logan & Bryan.
Liverpool, June 1o-wHEAT-At the
opening the steadiness in American
cables was Offset here by the contin-
ued favorable weather conditions in
Russia and the forecast of liberal ship
ments from Argentine. Later, offer
ings became light and shorts nervous
which resulted in an advance of sd to
sd with the principal strength in the
nearby months. There was a contin-
ued demand from the continent and
cargoes were firmly held. Rain in Ar
gentine were light, and farm work is
the continued unfavorable weather
conditions in both Hungary and Ger
many keep holders firm.
CORN-Market steady, dull. There
was better inquiry for spot.-Broom-
hall.
Russia-Our agent at Nicolaieff con-
firms splendid rains through the south
west which is timely for spring crops
and beneficial for winter crops.
Chicago, June 10.-WHEAT-Trade
who talked of the market last night
were mainly in a bearish mood because
it is June and it is said this is not the
time to bull grain with the country
looking nice and green and the outside
trade small and with prices high, 80 to
40 per cent over last year. They were
inclined to predict that prices are to
go lower later in the season, although
they were not sure of their position
now They said it was largely a wealth
err market as regards July wheat and
unless tnero Is d great o0dl OF Tdiu
and more crop damage there will be a
lower level of values. There were also
a few who did not agree with the
bearish views of the majority. They
argued that the bears would be able to
make a little capital out of the first
movement of new wheat that there was
a great deal of bear talk going around
for effect and that good many of the
statements would not hold water.
cash handler was asked his opinion re-
garding the new crop movement. His
reply was it would depend on the
weather.
CORN-Corn bears are having hard
time. The movement from Illinois has
decreased. but in Iowa and Nebraska
it is increasing. One cash handler
said that had bought more corn In
Iowa than for a month. Nebraska peo-
pie claim that offerings were lighter
and that they were shipping this way.