The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-05-25

houses in the corn trade claim they
have had but light offerings for
couple of days. The squirt of receipts
caused miscalculation on the part of
the bears and shorts. Many specialists
in the trade believe that when the May
contracts are out Of the way the other
months will be in position to work
lower, especially If a reasonably large
movement from the country keeps up.
Logan & Bryan.
Liverpool, May 25.-WHEAT-Whea
opened firm on strength in America
yesterday. Later broke sharply on
general selling to realize, stimulated by
United Kingdom and general rains in
the drought district of southern Rus
STA.
CORN-Market quiet, declined in
sympathy with wheat.-Broomhall.
Chicago, May 25.-John Inglis writes
us from Higginsville, Mo, as follows:
western counties of Missouri still
! poor. Fields short, thin and bunchy. It
is difficult to find out just what per-
centage has been plowed up, but it is
large. Such counties as Johnson, and
Lafayette with combined acreage of
over 100000 acres standing small, and
| much of it is hardly worth cutting.
There is an occasional good field.
Farmers are claiming about half of a
crop. Vegetation of all kinds slow and
backward. Ground has not got warm
ed up yet this season. Cool and cloudy,
light rain last night. logan & Bryan.
the gossip last night that if the crop
reports from the southwest are right,
higher prices in wheat are to be ex-
pected and wide fluctuations are likely.
It is said that local shorts are well in
as a result of sharp advance in Septem-
Der and December Pit traders figured
last night that large grain and pro-
vision concern had bought over two
million bushels of September and near
" as much July and have advised their
clients to keep off the short side of
wheat. Traders say that leading bull
interests here sold over half a million
July wheat on the first two swells to
81 1871 for western longs and checked
the advance but on the last bulge to
that figure the wheat was all taken
and the price moved up quickly y cent
more. Those who are bullish on July
expect it to sell to a dollar thirty cents.
CORN-Corn specialists find it diff
cult to trace the long interests in May
corn as it is scattered among different
commission houses, none having large
holdings They figure that the Armour
interests has been one of the leading
shorts. A close observer declares that
the short interest in all futures is
much larger than the trade has sup
posed and that while there has been a
Iy short and professionals who have
been selling short in advance of that
by the country men have covered.
OATS-In the oats market prices are
the highest for May since 1875 and
some good people are looking for still
higher prices in the next three days.
but anticipate a break before the close,
a few predicting that May will go to
below so cents before 1t expires Trad
ers are mixed over the crop reports
coming to hand.-Inter-Ocean.
Chicago, May 25.-Stocks of grain in
regular warehouses: Wheat, 3,56s.ooe
increase, 254, 600. Corn. LOG, 900, decrease
$4,000. Oats, 100000. increase, $4,000.
Chicago private elevator stocks:
Wheat, 1,282,000, decrease, $4,000. Corn.
100000, decrease. 5000. Oats, 1,449 900,
decrease, $1,000.
Total stocks in all positions: Wheat.
4,S51,000. increase 232, 900. Corn, All 900,
decrease, $1,000. Oats. 3.4s2. 900. increase.
1000.
Stocks year ago: Wheat, 5,s12.ooo.
Corn, 2,S71,000. Oats, 5,779,00
Chicago contract stocks in regular
warehouses: Wheat, 3,514.000, increase,
100000. Corn. 10000, increase, 1000.
Oats, i,ss4. 600. increase. 10000.
Corn, 1,421. 900. Oats, 4,149,O0O.
Chicago. May 25.-John Inglis writes
US from St. Louis as follows. Have
now crossed the Missouri four times
since April, each time am more unfav-
orably impressed with the outlook.
From Higginsville through such coun-
ties as Lafayette. Saline, Howard to
Pike general conditions poor, especially
so where there has been SO much Of the
poor eliminated across Saline county.
Today could count 18 fields that have
been plowed up since report in April.
There Is an occasional good field but
most of them are poor. with a few that
will hardly pay cutting. There is some
good wheat on river bottoms at G1as-
gov. month ago / wrote you from
here that there was only a fringe of
good wheat on the eastern border. The
fringe is narrower than had expect
ed."-Logan & Bryan.