The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-27

sidered reasonable probably n few weeks ago.
The decline has been Influenced partly by the re-
ported renewal of shipments of Danu5ian corn
from the recently opened ports OF the Black Sea.
The visible supply has increased 700, 900 BUSH
els of corn and 800, 900 bushels of wheat. The
comparative indifference of shippers has been a
disappointment to most of the trade, although
considerable lines of both wheat and corn have
been taken when low rates of ocean freight have
been accepted. England is said to he drawing a
considerable supply of wheat from India, where
the eheapening of rail freights lately
announced has doubtless facilitated the
movement. The decline in wheat prices
IN domestic markets has occurred in the face OF
a good many elements Of strength that under
ordinary circumstances would have been likely
to have given an opposite impulse to values.
Reports from the winter wheat belt are less IA
Vorable for a satisfactory yield of the 1883 crop
ent appearance of the plant ranges from 10 to
20 per cent. below the promise of this time last
year, when the condition OF the crop was that of
q Ialr average. Dispatches received from Call
fornta indicate a very poor prospect throughout
the State. with minor exceptions in the southern
part, Without general rains within q week or
ten days it is expected that the crop will not
reach one-thlrd of an average. Should the pros
pect continue bad it will doubtless have an i'm
portant effect upon the English markets, as they
nave been drawing immense supplies from the
Paci1e coast for many years past.
GRAIN.
There was a fair attendance on Change to-
day, but bidding was slow and dealers at sea as
regards futures. The Board of Trade Price Cur
rent says of wheat: Wheat rules steady, the
variation from Saturday at Chicago and New
York being without material change. There
was a slight decline at Chicago, but toning up
afterward, May wheat at about $1.1O seems to
he at a point at which there are both buyers and
sellers. Locally our market is very quiet, there
seeming to be an absence of both offerings and
bids. Track wheat, both No. 2 red and Nc. 2
Mediterranean, would find a ready sale at bids
nr nnmafhinn haitian nnp unfllara IN m rriaf
way, take the current receipts, which are light,
and possibly would take more were it offered.
We quote:
No. 2 Mediterranean,
No. 2 red, l07
No. 3 red, rack 102
Mafen, l.u0
Apti' oo
Nay, i012
Rejected, LOO
Corn seems to have received several black eyes
Of late, declining some z cents at Chicago and
an equal amount at seaboard. The corn bulls
are evidently on the run; at what point they
will recover from their fright is not apparent. Lo-
cally, of course We have a quiet market, devoid
of speculation. Our dealers are little affected
by the ups and downs of other markets. save as
1t may influence the price of cash grain. We
quote:
No. 2 white,
NO. 8 white,
Yellow,
Algh mixed, track
rejected, track
Unmerchantable.
Sound ear, track .....-.-
May.
oats-Dull and lower; very little demand or
offerings; markets generally in weak condition.
We quote:
No. 2 white,
Mixed, track %
Rejected, track
April, track.
Rye-No. 9 dull and nominal; soc bid track; no
sellers.
B%ran-Flrm; $15'7 rs bid; none offered.
Shipstuff-Firm; $16.5o asked; no buyers.