The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-05-01
Morning Grain Gossip.
FURNISHED by T. J. Myers. 301 N. z. BldG.l

Chicago May 1.-The Tribune: GRAIN
Julius Barnes reported as saying
that any trend to too high prices for corn
and oats would be frowned on by the food
administration. Traders here asked what
is meant by too high prices, and who was
to decide whether corn and oats were too
high. They are anxious to learn what the
proper level is.
The grain corporation is largely respon-
sible for the recent advance of around 80
cents in cash wheat by not selling wheat to
mills to prevent an advance of 81 per bar
rel in flour.
Oklahoma May crop reports as wired by
King of Toledo made the winter wheat con-
dition 50 per cent against "a per cent last
month and a per cent last year. Crop esti
mated at 10 to so million bushels against
the previous record of>state of As million.
Corn acreage 80 per cent compared with
last year. Oat condition 90 against 50 per
cent last year. Acreage increased u per
1t is expected that May deliveries today
will be around 100000 10 $4,000 bushels of
Some lard and possibly a few ribs
looked for. Estimates on rye are 100000
to 100000 and barley 5000 bushels.
statement of open contracts on May
corn oats, pork. lard and ribs at close Of
business on April 30 has been requested by
Secretary. Mauff from members of the
contracts of 1901 COO bushels or over for uly
and September corn at the close of bust
ness ness on April q has also been asked for.
The calling OF the boards officials for
these statements may be expected from
time to time. For the first time in his
tory two of the largest Minneapolis flour
mills have withdrawn from the flour
market.
Herald Examiner-GRAIN-Th trade in
grain must use great caution in making
new commitments the situation was
never more uncertain to the trend of
prices than it is now. 1t may be said, how
ever, that there will be no rampant bull
market for the time being, II for no other
reason than the opinion as given by Mr.
Barnes. There was conspicuous buying
of September oats by houses with country
connections, which was construed as re-
Election OF the decrease in acreage aud
pessfmistic crop advices from Iowa and
Nebraska. Those of the packing interests
who hold the cash meats and lard at Chi
cago. as well as those who hold products
at the small packing points in the west
feel sure of their position as they believe
that continued buying OF hog products will
not only keep up the present demand but
| that 1t will increase.
Bulletin: STOCKS-IrreguIarity is ex-
pected on account of sentiment deveIoped
/ by the U. 5. s dividend action Prof g
sionals are selling for reaction and further
realizing noted. We do not believe recess
sions viii extend materially except in
| high priced STICKS which have been over
| bulled unless something of a aIamitous
1 nature suddenly appears Good buying re-.
| ported In rubber, A Il. <. foundry, WHY'S
| and G. r. Much selling * expected in
| l. ) ). on rallies until that trade is bet
| ter stabilized Strength and activity in
| A r. y is accompanied by predictions in
| well Informed quarters that considerab BILE
higher prices are imminent In prospect for
this stock Investigations indicate a large