The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-16
INDIANAPOLIS MARKETS.
The Grain, Flour and Provision Markets At
tracing Much Attention.

The Grain. Flour and Provision Markets At
tracing Much Attention.
indianapolis, April Is.
Is the advance in wheat, -four and provisions
of permanent character? seems to be the lead
ing question in commercial circles Regardless
of the war news. the reports of the growing wheat
crop are of such character as to lead one to be-
lieve that better prices than have ruled for
many months past are to be obtained. Yet there
is danger that the damage to the growing crop
may be exaggerated, and that with the warm
sun there will be favorable change. A Peoria
business man, who in the last three weeks has
travelled / 800 miles in Kansas, Missouri and
Illinois, much of the distance in a buggy,
tells the commercial editor of the Peoria Tran
script that 'in Kansas, take all the
uplands, the high, exposed ground, where it has
been ploughed and cropped before, and the
wheat is dead there, but where the wheat has
been put into growing corn, 1t is just capital,
and it is the same all new prairie ground,
which was broken last year." I'm Missouri" he
continued, 'the wheat is just about the same
affected as in Kansas Take the three western
tiers of counties in Illinois, from Cairo up to the
northern limit of the wheat region, and the
wheat is three-fourths killed. Take the middle
and eastern part Of the State, and it is even
better than last year, and the prospects are bet
ter. / would say generally for the three States,
that while the acreage is q quarter less than last
year the crop prospects at the present time are
fully equal to 1884," Eastern papers report that
the cheaper brands Of -four such as are exported,
have advanced from 35 to so and even Is cents
per barrel; the patent brands have advanced
only from Is to so cents Mess pork advanced
SO cents a barrel, and other pork products ac
coroingly, but in view of the cheappess of corn
and the large hog crop at the West, meats do
not advance as readily as breadstuffs. The
number of hogs being packed at the West is
nearly so per cent. over last year, and the ex-
ports of bacon and lard already show an enor-
nous increase This is what comes of a good
corn crop. Eastern packing is liberal about 15,-
600 hogs week being put down in the vicinity
of Boston, largely for export. In regard to
breadstuffs, also, it is well to remember that the
visible stock of wheat is 43, 500, 900 bushels, or
TO- 600, 900 bushels in excess of that of one year
ago, and 1900, 600 bushels in excess Of that Of
two years ago. The advance already worked up
is as much as would be justified by real red
handed war, of which there is yet only the
threat. By OVERRIDING the speculation, we can
very easily strangle the new export demand be-
fore it has relieved US to any extent. There is
nothing as yet in American crop prospects 20
justify apprehension. Cotton was the only
American staple which took the war news as the
signal for decline and lost Ac, closing on Satur
day at IL Lice. In the local market there was
no change in values calling for special notice
GRAIN.
The local market continues in strong posi-
ton. Dealers bid with spirit on spot stuff and
early delivery The Board of Trade Price Cur
rent says of wheat: Local markets are higher,
and all grades in active demand. Order Inquiry
fair. Receipts light This not being a specu-
lative market, prices do not f1uctuate as at other
points. The sudden and marked decline at sea-
board and Chicago would indicate that the
la &c
centers not always influenced either by war
rumors, or alleged failure of crops or even sup
ply and demand, but bull or bear the market
just as in their judgment the most wealth &C.
crues The way of the Spectator is past finding
out, so the fellow that deals in margins thinks.
We quote
No. Mediterranean o. ACKNOWLEDGEMENTS. 81 .O2
No. Mediterranean o. ACKNOWLEDGEMENTS. LOO
No. red o. t.-------- OBSERVATION-DISCLOSURES l.O1
No. 3 red, o. 90
REJECTED, o. t..--. 90
Corn-The activity in local circles still con-
tinues, and prices about in the same position as
yesterday Receipts light. Good demand from
interior points. Futures dull We quote:
No. white o. 47l9
No white, o, t.......... 47lo
Mixed, o. L. --------------. AGA
Rejected high mixed, o. ACKNOWLEDGEMENTS AZ
Rejected No. 5 white, o. ACKNOWLEDGEMENTS. AZ
Rejected No. white, o. ACKNOWLEDGEMENTS. Ala
Sound ear, o. t--- 40
Oats-Firm and scarce. All grades in good
demand Futures not wanted We quote:
No. white, o. 1855
Light mixed o. Observation-Disclosures. 36l2
Mixed, o. ACKNOWLEDGEMENTS. 36s4
Rye-No. 2, dull; nominal
Bran-Firm; SIS Did, no sellers.
Hay-Prime timothy dull; $12 bid; no sellers.
RECEIPTS BY RAIL PAST TWENTY FOUR HOURS
Wheat, bushels OBSERVATION-DISCLOSURES 200
Corn, 0ushels I,Z0O
GRAIN IN STORE.
April IA 1885.
Wheat Corn / Oats Rive