The Topeka state journal., 1919-04-10
Morning Grain Gossip.
FURNISHED BY L. J. Myers. 30l n. E. Bldgl

Chicago. April 10-The Tribune: GRAIN
a marked change in sentiment on corn
was noticeable yesterday. Some of the lead
ing men who have heretofore been the
most persistent bulls expressed the belief
that 1t was time to call halt In the adj
Vancing tendency. and commenced to look
tat the fundamentals which normally govern
the action of the market There has been
a disregard of the news for some time pa st
The only factor that hes counted has benn
the shortage of cash grain at terminals
the high prices of hogs. Wid pit conditions.
there is fair amouut of cash corn hedged
In the May. and there Is practically no
eastern demand; Elevator interests are
delivery bassis under the May > cent to :Is
cents Profit taking on the advance WIS
heavy aud the short interest reduced. but
increased toward the last owing to the late
break. One Of the largest local holders of
May and July oats took profits on yestcr-
days bulge. satisfying the new buying
Sentiment was more mixed at the close, and
it WAS said that should corn break oats
quoted at 40 cents under the May on Mon
day. sold at 81 hundred pounds under
Yesterday. 10000 lbs changing hands nt
that the scarcity Of ocean tonnage is s|r.
iously curtailing the export demnnd AMI
shipments. A winter whent crop of around
2OO,OO0.OOo for Kansas by far the largest
on record. is estimated by Il. c. Paxton.
field agtnt of the department of agricul-
ture. Conditions in that state is 101 against
cash grain handlers have been requested to
furnish a list IF the grain ell route 70 that
market. or in store, to the food administers
tton. The continued strike there has SER
iously delayed the export movement of all
grains and food stuffs and efforts are be-
ment as to permits for mil shipment MS
well as what was contained in the applica-
tions. and an explanation as to why ship
ments that were to be made have not been
carried out. is asked for. A conference of
all interested was held in the grain corpor-
ations office yesterday to discuss the stua-
fnr fnn I'M
shipments
Herald Examiner: GRAIN-From many
sections of the corn belt reports era re-
eeived of the increased release Of corn in
country levators and of the Willingness on
the part of farmers to sell. even at the
decline in prices. The July corn future
is held by some of the strongest men
in the trade. These operators are any
thing but movies and henever the market
from pillar to post these interests put on
from Argentina late yesterday said the
strike situation there is still unsettled but
that 18th the assistance III the government
shipments of grain and meats in Goodly
quantities are being made.
New York. April 10.-The Financial News
Bulletin: SToCKS--Strength and activity
OF WHY'S Overland is accompanied by pro-
dictions In pool channels that this stock is
likely TO work gradually to higher. nrices.
Heference Is made to the WHY'S wise mali
agement OF avoiding strike conditions thru
profit sharing arrangements and to the
increasing demand for small cars like those
manufactured by this company senti-
ment is developing demanding general
reaction in the market and irregularity and
cross currents are suggested while special
ties display strength under cover of which
there has been considerable realizing, ae-
cording TO Investigations just made. a
strong upward trend is still reflected In
Central Leather. Baldwin Locomotive.
Studebaker. U. S. Rubber and A. F. We
believe the best results will be secured thru
purchases on recessions for turns 1t is
pointed out by those who deprecate antici-
pations of huge export business from this
country in the near future. that the larger
the taking by Americans of foreign securi-
ties and financial credits. the greater will
be our exports of goods and tie lower will
be tmportations of other things besides
foreign Investments in payment therefor.
Representative commission houses are pre-
dieting higher prices for Harvester. Indl.
Alcohol. ANN. Agrl.. Chemical and Alis
Chalmers. 1t is declared that the market
is full of sold out bulls who are awaiting
reactions to buy again.