The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-04-30
Morning Grain Gossip.
FURNISHED by the Topeka Board of rrade'

Chicago. April 30-The Tribune: GRAIN
With liquidation ON in corn and the
pyramiders not entirely cleaned out, and
the coincidence of the bulls checked for
the present, lower prices are expected by
the trade in general Some figure on . to
10 cents more decline before the short in
terest becomes unwieldly. Others are more
modest and thought cents decline would
be enough for day to induce buying for
rally.
Wide fluctuations are to be expected for
several days, until tile market rights itself.
1t is expected by some of the cash handlers
that country holders will stop selling corn
owing to the decline in prices. Their offer
ings yesterday were said to be lighter, and
off
Country elevator men have fair stocks of
corn with loss in them, as they have paid
1.50 to farmers. Under the old custom the
country sold more freely on breaks than on
bulges. This season has been different
The run of corn is expected to be over in
side of ten days.
There were 100000 bushels of corn and
60,000 bushels of rye sold to go to store
yesterday by local elevator Interests. The
east took more corn on yesterdays break
than at any time in several months. In
fact the corn market now is in the most
natural condition in several years.
Bulls on oats are disposed to go slow
while the liquidation in corn is on. Con-
siderable liquidation was on yesterday,
but oats have not been advanced proper
tionately with corn and are not expected
to break much
For the present sentiment in the main is
bearsh, and especially on corn. Minimum
commission rates for grain for delivery in
store have been approved by the Board of
Trade directors, and are to be posted for
ballot. They are to be raised from $3.50
to SO per 5000 bushels of wheat, corn and
oats. The new contract grade of oats
under the new federal grading is to be
No. White instead of standards.
New York. April 30.-The Financial News
Bulletin: ST0CKS-Influenced by more
cautious advicec and considerable realizing
there is developing a more mixed state of
sentiment suggestive of cross currents and
some irregularities. Standard rails look
good and should be bought on market re-
cessions. Electric stocks are well bought.
Can. z. NJ. and Ry. are expected 10 display
further strength. Pool sources are builish
on c. n. s., c. P, Marine COM, Fly, Nor.
ANN. and Stutz motors. Expected in in
ternational circles that when foreign cap
ital lists learn that Ann. Rys are to be
returned in good condition to private own
ership. there will be large foreign buy
ing of our securities and much higher
does not indicate that the short interest
which has for a long time been outstanding
in the railroad group has been retirel to
any important extent except in few oilers
! There has been new buying of equipment
issues in the past ten days for account
Of sources which are said to be in posses
sion of knowledge of large railway orders
! soon to be placed with steel aud other
concerns. C. and O., Southern Pacific
Atchison. Northern Pacific. n. & w. n. Y.
c. and Illinois are reported to have been
unusually well bought in the last two
weeks.