The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-05-02

FURNISHED by the Iopeka boaru oL irdhe
Chicago MAY 1.-The Tribune: GRAIN
The corn market has been placed in bet
ter shape by the liquidation and c:ean
out and with ready absorption OF oiIer-
ings by strong houses despite the heaXy
selling by commission men who usually
trade heavily for eastern operators, prices
moved steadily upward in way that IN
spired confidence among holders, anu some
of the recently sold out lines were said to
have been reinstated.
That the market was oversold on the
recent break was shown by the way
number of big LEGAL operators covered at
the last, making the late bulge Traders
who have been down state for several days,
as well as the country men who have come
here say the run of corn from farmers
has been over for several days and few
consignment notices are arriving and that
arrivals will remain moderate until after
corn planting is flushed. Then there may
be small increase. but there is not enough
corn in the country to be big factor.
nervous corn and oats market is expected
for the present.
While many are more friendly TO the
buying side of corn on breaks. those who
have pressed the bear side too strongly
of late have seen the reaction wipe out the
best profits they have had in months
within few hours. 1t is evident to few
who watch the corn market closely. that
there is more merit i'll corn than is ap-
parent on the surface.
To have May oats at 1N@2 cents dis
count under July and 1M2 cents under
September in May is something that the
oats trade has not seen in years. Cash
interests are selling May and deliveries of
one million bushels yesterday induced lot
of professional selling. There was good
buying of September by a number of big
houses on orders said to come from strong
people, which sent it from y cent under
May on Wednesday to y cent premium
yesterday. carrying charge for oats is
the first at this time af the year in years.
but there are many believers in the buying
side of September nevertheless, due to
prospects of a reduced acreage.
Herald Examiner: GRAIN-Yesterday
the shipments on 1.9O3, 600 from that coun-
try this week, 100000 are destined to the
United States, with 100000 in sailing YES
sells. The previous week, the shipments
were $4,000 and same week last year no
corn was exported from Argentine. Th2
Argentine visible supply is now 12oo;9Oo
bushels while a year ago 1t was only $780,
coo. An Argentine special cable Yesterday
said theNgovernment there is likely to re
in near future. The total expor; able sur
plus of corn in Argentine is estimated at
240 100000 to 296.0O0.OO0.
RulIetin: STOCKS-BuIlish sentiment is
spreading ON rails including South West
erns. Anthracite and Changers an! Ianhd-
prices for fertilizers. food substitutes is
sues tobaccos and shipping securities. ).
for higher prices Higher prices are being
predicted in poOlstircles for st. L. x : r.
stocks, the strength and activity OF which
in connection with the oil boom in 81 nth
west reported to be attracting outslde
buying There is no doubt that lands held
by this company in the oil regions are
rapidly advancing in price. As low priced
issue of a road that has successfully passed
thru receivership, Frisco commons earning
power IS beginning to attract attention
from institutions which do not look for
income returns much as large specula-
tive profits from prolonged holders of good
securities. Advice is being given in prom
inent circles to give careful attention 10
the conditions underlying each of the var.
ious Industries before making stock market
commitments very heavily in the issues
representing trades