The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-04-04
Morning train Gossip.
Furnished by the Topeka Bourd of rradlel

Chicago. April 4.-The Tribune: GRAIN
Coru traders are looking for lower prizes
for day. or two. the technical position
favoring good setback after the good
bulge of late. large percentage of the
5O0.0O0 cash corn bought in the country for
so to 30 days shipment WIS at May price 70
western central Illinois, being the bls
days business on the crop. While II Will
Set all ssps bx to Gaiesg Mat Tse say
against cash purchases. coupled with heavy
sales by commission houses, which have
been heavily LONG uf late for local traders,
have taken the bull etsge off the mark I.
For the present Traders say that despite
the SO hogs and the smallest terminal
with only 6S.Oe0 contract in store here, the
bullish factors are regarded IA having
lost their influence for the present aud
a few cents decline Is in order Oats spe-
cialists who were bullish. as well as the
numerous local bears. sold oats freely, the
impression being that the market was a
little tired and stale from technical view
point. With a setback In corn. oats are
expected to weaken. One of the largest
offers after the close. General adviccs TO
commission houses are of a favorable 5. ed
ing operations for oats and tend to create
bearishness in certain quarters. but num-
Der Of traders are very bullish ON breaks.
Three cargoes of Argentine corn VIA sliiing
vessels, and one cnrgo Via steamer. for
bought at the seaboard late "Wednesday by
the Corn Products company. Based on the
r IeR ne srf per hus 81 ATssn'e Sor
could be shipped to Chicago and delivered
on July contracts at profit after all land:
ing charges and freight are Eaid. One OF
the best posted local commission house men
says he believes tllFt in view of the low
price of July and September corn. prac-
into the market will be in these two months
and that the May-July spread will narrow
considerably. business in May is expected
to decrease steadily.
Herald Examiner: GRAiN--It has been
said all along that farmers would not sell
their corn freely unless they received $50
for it, Advlces from many country stations
said this price had been paid and goodly
amounts purchased. Such a price would
but the country elevator CONCERNS are anx-
ious to draw out any corn left in the inter-
Tor and were obliged to pay the price to
freer selling and Argentine purchases be-
came known when corn was at the highest
figure on the crop, and the old time crowd
was selling In orders to secure profits.
New York. April 4.-'fhe Financial News
Bulletin: ST0CKS-Good buying is re-
ported to be taking place during re e..
ANN. Linseed,. Anaconda. Baldwin, calf.
pkg, c. l.; \, y G: s ST., r., Ry Steel Steel
An Investigation of various reports leads
to the foregoing statement. Attention is
now being directed to the fact that the de-
nection with the purchase of materials and
supplies for the railroads are not an I'M
mixed evil for the reason that prices are
steadily tending toward lower levels, and
when satisfactory to the Il. Il. admins
tration, the latter will be able to buy
cheaper than for a long time past thus
benefiting the carrier. Important de-
velopments are persistently rumored to be
pending in connection with So. Pac. Au
thentic pdvices are lacking Mt this time.
but 1t is evident that confidence Is had in
the appearance of very favorable news in
the near future. The stock is steadily
bought on recessions and it is evidently
going into hands well able to hold IT. The
Paris peace deadlock is not encouraging.
Professional trading sentiment is actively
working for reactions in the steel group.
victory loan campaign is reported. and
some irregularity is to be expected with
cross currents. rcoprers Will he we'll ta-en
on theory that the industry has seen the
worst.