The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-04-19
Morning Grain Letter by wire.

FURNISHED by Logan and wolcott Grain
Commission Merchants Rooms 305 and
308 Commerce Building. Members Chi
cage and Kansas City Boards of Trade.
Chicago, April 19.-WHEAT-The eff
feet of the cables will only be tenn
porary. A review of local conditions
for the week past shows that all mar
kets in this country advanced relative
ly more than Chicago last week The
evidence is increasing day after day to
show that the big holding of May
wheat here for months past is no long
er the important factor in the situation
The conditions to watch now are the
growing crop. the cash wheat pre-
miums and the fact that the general
public have the market almost regard
less of the bull leaders, Some reacation
in prices from the strong upturn of
Saturday is probable but the buying
side of the new crop months on breaks
is the position suggested by the excit-
ing conditions.
CORN-The corn market will be
shaped by weather conditions Heavy
or light receipts and character of the
shipping demand which was very good
during the past week.-Logan & Bryan.
Lincoln, Neb. April 1s-"Another
trying day for wheat. Cool and windy
John Ingns.
Wheat on passage decreased 1885,. 900,
corn decreased 1,357,00
winter wheat crop under cate of April
18th states that the outlook for the crops
in Poland and ID other southern coun-
tries is satisfactory.-Broo
Northwest weather clear and cool.
Chicago cloudy, sprnkIing, cold.
Chicago, April 19-The Record Her
aid says: THE leading bull in wheat
continues as publish as at any time
during the last six months and he be-
low n C1y-
pressed views of a domestic situation
in wheat will be made good sooner and
more emphatica1ly that he had reason
to believe to the last few weeks. He
said: The situation abroad on wheat
is becoming as acute it is in
America and while newspa pers try to
make something sensational out of the
situation it will not affect prices very
much regardless of their opinions or
any individual opinion in the market.
The scarcity of supplies will assert
itself regardless of anybody. The sup
plies of corn are light and we see no
possibility of any particular increase
in receipts until after corn planting
and it would not surprise us to see
higher prices for corn. The same APP
plies to oats. There is no one in par
ticular who has any interest in the oats
market and still prices are high-much
higher on the basis Of pound per pound
than wheat
Liverpool. April 19.-Wheat opened
firm and unchanged to I'D in sympathy
with the f1rmness in American cables
Saturday and the light offerings. Dur
ing the early morning July further ad-
vanced I'D. Later the market was un-
der pressure and values showed a sharp
decline of a4d to lid. with the prin-
cipal pressure in September In which
there was heavy realizing. Notwith-
standing the strength in country mar
kets, strong mark Lane markets and
the continued liberal decrease on pas
sage Offerings were liberal Selling
resulted from the favorable reports re-
garding the European crop outlook and
the liberal shipments from Russia this
week with prediction of continued lib
eral movement from this country
CORN-Firm on strength in spots
Broomha1.