The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-05-13
Morning Grain Gossip.
FURNISHED by T. J. Myers. 301 n. e. Bldg

- Chicago; III, May 13-The Tribune !;
GRAIN-A- 10-cent advance in May corn
in the distant@utures. Had it not been
for the oversold condition of the futures
there was nothing in the news the stu
alton to cause such an advance. The mar
ket's action showed the nervous condition
of the trade, and wide fluctuations are to
be expected Absence of a balance wheel,
with contract stocks of only 514 900 here,
and small cash offerings, are factors.
Many traders said last night that it will
be no surprise to see some reaction from
say September oats are largely oversold
and there was evidence of Il few of the
largest local traders trying to get in yes
terday. The seaboard is taking more oats
and Holland is credited with buying 200,-
600 the last few days. Buenos Aires corn
American buying. American operators
there have been the best buyers in that
market of late, and it is said that they
have taken 100000 bushels and some
make the figures higher. One cable yes
terday said part of the corn farmers there
had struck for higher prices. Three car
goes of Argentine corn arrived in New
York yesterday. One is due at Galveston
May 20 Julius Barnes meets the advisory
bakers in New FORK today The Them methods
of handling new wheat crop are to be dis
cussed. 1t has nothing to do with price
nouncement to definite plans is expect
ed, until the size of the wheat crop is
known more definitely. Winter wheat in
acreage of I07 ,9S2, as compared with last
year. and a condition of 103 per cent.
Spring wheat increased acreaE sc, 10 per
cent in northern Illinois and % per cent
in southern Illinois; condition 9G. Only .
per cent of winter wheat winter killed.
Oats acreage decreased per cent with
condition May 1 80. against 96 last year.
Farm work reported behind last year.
Stocks of old corn May I were II ,1s9 900 or
II per cent of last years crop, compared
with 130s04 900 Sc per cent last year.
Santa Fe crop report shows slight rust in
southern Kansas wheat but on the whole
condition unusually high. Corn planting
delayed and acreage will be reduced
New York, May 13.-The Financial
News BulletinI STOCkS-Bullish activity
group. by group is expected to continue.
Reactions by certain classes or depart
mepts under profit taking only temper
arily check the list. strong Upward
trend is indicated in Ann. Can. Wilson.
Anaconda, ANN. Smelling, L.; S. s, West,
inghouse. c. l.. and U. s. Smelling. and
they are in line for still higher prices
Pool channels are bulling f. s.. V. c.,
Boston. While short covering is reported
on considerable scale in Anaconda there
is evidence of good buying and specialists
predictions are suggestive of still higher
of continued strength in copper metal
prices, the improved silver situation and
the liquidation condition of the copper
shares. Anaconda is believed to be the
best proposition in the copper group. Ana
conda is also mining for its own use and
selling considerable tonnage of coal and
is cutting, finishing and marketing a
large footage of lumber. In well informed
protected to permit professionals to bring
about any demoralizine break in the mar
ket and specially as there is large walt
ing contingent that includes those who
are ready to buy on what they believe to
be big prosperity