The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-03-26

now and We have advanced our price on that
class of goods. There was quite heavy receipts
or poultry during the past week and the market
is only fairly steady at last weeks prices
The flour market presents no new features.
he lower freight rates have not as yet affected
prices Western milers viii not be able to
place flour at any lower figures this year.
There have been no purchases Of round lots,
out the trade has been steady and the aggregate
sales amount to a fair average business The
question is asked will there be scarcity as the
season advances of choice brands OF both winter
and spring wheatl There is an abundance OF
wheat in the country, but more than usual is
poor. Western millers now find it difficult to
obtain wheat to manufacture choice WINTER
patents and rollers. The New York Produce
Reporter says that from the character of some OF
the flour made from the last crop it is very plain
| that the wheat never ripened, and the WeeVll
which was then in the wheat, but not visible, Is
now plainly discernable and III many invoices
they are so plentiful as to destroy completely
the character Of the flour, which explains the
cause of the change in many invoices OF choice
and fancy winter wheat brands received from
Illinois and Indiana during the winter. 1t seems
to US that millers should always use powerful
magniher when purchasing wheat, as by so
doing they would rarely ever be deceived IN the
character of the wheat offered them. and there
| by keep up the reputation of their brands and
prevent severe losses to jobbers and others here"
GRAIN
Lie local WneaJ market Is III u Slchly Colul-
ton. Corn and oats, early delivery, are firm at
our quotations. The Board of Trade Price Cur
rent says of wheat: The bear movement has
been very general and the sharp decline at all
points indicates the failure of the bulls to hold
their ground. The bears are undoubtedly on
top, while the bulls seem to be thoroughly de-
moralzed and have failed to rally at any point.
These sharp declines and sudden advances are
purely the result of speculation and the supply
and demand which should properly govern the
markets, cut no figure in the matter whatever
Wild speculation has seriously damaged the
legitimate grain business, and it would seem
| about time to call halt this growing evil
Dealing in margins may and does help tele
graph companies, but we fail to note the benefit
to the regular trade Local markets are firm
for spot deliveries for milling purposes, but no
shipping demand. Futures dull and friendless;
receipts very light and offerings meager. New
York is 1 8 4c off, Baltimore 1c and Chicago has
declined , 3-4c for May, that month touching 90c
at noon. We quote:
No. l Mediterranean. track. .05
! No Mediterranean, track 1.02
No Mediterranean, track. 1.01
No Red, track NEUTRALITY-SUSPICIOUS.. .--..... LOO
| Corn-Localy we note fam feeling for i'm
mediate deliveries of choice grades and dealers
| find it difficult to fill orders owing to light re
ceipts yet requests are for small lots; scarcely
any sellers of any grades; futures not wanted;
| of quality moving slowly at weaker prices
Markets at other points like wheat, show the
| effect of vigorous pounding, and sharp decline
is noticeable all along the line. The bulls are
| evidently in bad shape, and are on the dead run
| toward lower quotations. just where they will
go before stopping is question for the future to
! solve New York has declined lc; Baltimore and
| Chicago also show up 1c lower for June. We
| quote:
No white track. ..-..--...-......-..-.---.5
NO . white, traek--- .------------0O g.
Yellow, track.
! f1lgh mixed, track
Mixed, track.
heleeIed trace
Sound ear, white, track
Sound ear, mixed track -47l2
Oats firm for No. 2 white under meager re-
ceipts, and quiet for all other grades Inquiries
confined to cash deliveries We quote:
No. white, track. Observation-Disclosures
Mixed, track "a u
Rye-No. 3 firm and higher; Gle was bid with
out sellers.
Bran-Quet and somewhat nominal; $14. so
was bid hut none offered
Hay-Prime timothy, steady and dull; $40 bid,
without sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Corn .--.----.----.----- LOCO
Oats.- Zi4OO
GRAIN IN STORE.
March "a, 1884.
Wheat. Corn. Oats. Rye.
-- '---i i-----