The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-04-04

present. new IUrA anu Ooner WauAuus appear
70 be as much depressed as ours, The New
York Produce Reporter says:
The remarkable depression in wheat has
served to intimidate most buyers of -four, and
notwithstanding our light stock Of really good
brands and limited prospective arrivals of winter
wheat brands, buyers could not be induced to
purchase to any extent and only to fill urgent re
quiIements, and receivers determined to sell
have been compelled to make moderate CON
cessions from day to day. 1t has been difficult
task to sell an article about which there was
any doubt as to its soundness, and the quantity
above suspicion is small hence really choice and
fancy winters have been held as a rule with
much confidence and with few buyers in mar
ket 1t has appeared to most re
ceivers quite absurd to press their
flour on the market at a great sacrifice, and
III the demoralized state of the trade it would
have been impossible TO have sold any consider
able quantity: hence the business Of the week
has been anything but satisfactory. the tumble
IN wheat, especially in the options, upsettng all
calculations and putting a stop to legitimate
trade for the time being. This great change in
values at speculative centers has caused almost
suspension Of business with millers and deal
ers in wheat all over the country, the surprise
and disappointment being the greater because
so unwarranted.7
1t is very generally believed that the choice
brands of winter and spring wheat hours will
not be forced any lower, and there is very gen
eral belief that the production Of this flour will
be limited, on account of the scarcity of choice
wheat offering.
The black eye which wheat got in Chicago to-
day did not reach the Indianapolis market in
season, to say the least, TO seemingly affect it.
The Board of Trade Price Current say of wheat
that the local markets still continue firm for
cash milling grades, but at shade less price
than yesterday. Arrivals very meager, and
offerings in consequence very light. Chicago
has gone to pieces, both on provisions and
wheat May touching during the day the re-
markedly low figure of 81 3-Sc. We might say
that the market was badly busted by bold be-
ligerent bears while the beaten and bleeding
bovines break back beyond boastful believing,
but marginal specializing is a beautiful scheme
to acquire sudden wealth provided the operator
is the right side but if not their existence is
robbed of hope, and life becomes a barren
ideality." Moral-The best place to have boil,
is ION the other fellow New York is lac lower,
and Baltimore steady We quote
No. Mediterranean, track .$104
No. Mediterranean, track. 1.02
No. 3 Mediterranean track. 1.01
No. Red, track Observation-Disclosures. SO
May, track ACKNOWLEDGEMENTS 30
Contour local markets are decidedly firm
and strong The light receipts of choice grades
have toned up the feeling for spot deliveries,
and all better grades will find ready sale at full
quotations Futures duh and uncalled for. In
sympathy with wheat. the market shows a de-
cided weakness, and at noon had declined 3-Sc
from yesterday. New York is SAC lower, Balti-
more steady. We quote:
No. white, track
No. 3 white track. ACKNOWLEDGEMENTS
Yellow track 521o
High mixed track. 5212
.1Neu track ..----
Rejected, track .4S
Ohinercnantaple, track
oounu ear Track
Cats-Firm and scarce All cash offerings
wanted at full prices We quote:
Mixed, tfack 80
Rye-No. 3 quiet: 59c bid; no sellers.
Bran-Nominal $l3 80 bid; no sellers.
Hay-Prime timothy, firm; ST. bid; no sellers.
GRAIN IN STORE.
April Q 1884