The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-03-19
MOruing Grain Market.
Furnished by T. J. Myers. sol N. q. Bldg.l

Chicago March 19@rhe Tribune: GRAIN
Corn has come out in such large volume
duced a number of the local traders and
commission houses to take profits and they
I-nderfriny conditians ti,af have Caused the
bulge have not changed, but it Is more diff
ficult to trace the LAYING than the sell
ing, and the impression prevails that the
public has the load.
Shorts have covered freely and many
gard the technical position as favoring
recession of a few cents. possibly more,
to put market in more healthy. condition
March corn was Is cents over May at one
premilm Shorts are coming in freely, and
there is said to be a considerable interest
pairing to make contract corn to deliver on
March contracts and moderate tenders are
expected in a few days. Despite bad road
conditions. the country was more disposed
to sell corn to arrive on yesterdays bulge.
Buying of oats futures yesterday by local
traders was on the theory that they are too
low compared with corn, aud that barley
has advanced sharply and oats should do
better. Some of the pit traders were so
their holdings of offers on the bulge and
lost their profit on them. number of
Oats have more friends. provided corn con
tinues to advance. Argentine strike has
practically been settled. A Buenos Aires
cable said the government has empowered
the custom house to load and unload ships
and natfonalize the harbor. Ship owners
and the strikers are unable to agree and
men to load and unload boats now in
harbor. All boats refusing to accept gov
eminent service will be asked to leave port
Agents of Atlantic lines have agreed TO the
naturalization plan and boats now in the
roadstead will be brought into the harbor.
Expectations are that conditions will be
normal within few days.
Snyder. of the food admlnstra ton. has
urged packers to hold down the hog prices
He. with Edgar Richard. acting food adj
ministrator. and Ben $. Allen are to confer
in New York Thursday on hog and
cured product prices. In as much moth
ing has been heard regarding the confer
ence at New York the last two days be-
tween Julius Barnes and J. J. Stream. II Is
| taken by board men that nothing has
happened to disturb trade. The big Wall
street traders who held large lots of May
corn a week or ten daye ago and who had
good profit have liquidated and are
now about even. They are waiting TO
come into the market on long side. they
can at a glance that matter what
Argentine may do in the way of shipping
| corn the situation In the United States and
especially at Chicago. is as buIlish rs ever.
News bulletin: STOCKS-It Is unde-
! niable that stocks in various departments
! of the market are supplied under cover
4 of speciality strength and il Is evidently
| only a question of time until the weight of
accumulated selling is felt and expressed
| by a general reaction. How soon IL may
| come is anybodys guess. but II would be
| folly not to be prepared for IL. Specialties
| may continue to be bought for turns when
made active. but We think purchases of
| other stocks should be confined to recess
| sions. shipping shares and good stocks
| are in speculative favor with the bull CON
| tingent and pools at the moment