The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-05

coo, 600 bushels of corn in 1883 returned more
money to the producers than the 800. 600, 900
bushels of 1884 The Daily Stakeholder makes this
point THE lightest crops of wheat and corn
appeared In conjunction in 1881, and highest
prices for both cereals of the seven years were
made. The experience of that year may be re-
peated In 1889 but should it occur the result may
in no wise be disastrous to the
producers, the railways. or to trade. Then
there is belief that the Wall street papers are
exaggeratlng the crop reports, making them
worse than they really are The Northwestern
tMinneapolis) Miller of the LIST says: INSTEAD
of each mill being rushed to its utmost half
dozen or more are shut down. and most of the
others are following the example. There is alb
solutely no demand, foreign domestic, except
for low grades, the supply of which, always linn
tied. is now wholly inadequate. The downward
course of prices is stubbornly contested by mill
ers, and most of them prefer to store it rather
than make the heavy concessions necessary to
effect anything like large sales" The -four
market, it must be admitted, however, is now
decidedly tame, yet the Boston Journal of the Sd
SAYS Later In the season. unless we are very
much mistaken. there will he boom in -four 1t
may take some time to bring it about, but it is
sure to come. At present, however, the market
was never more depressed. A concession of %
cents per barrel has been made on some brands,
but sales could not be forced except at a further
concession. The trade purchasing only in
small lots as wanted. and lower prices would
scarcely induce them to change this policy.
There is good stock on hand, but it is princi-
pay spring wheat, and as the warm season is
near at hand dealers are not disposed to take any
risk IN souring, even if prices are quite low We
say quite low because the best brands of -four,
the best that can be manufactured, are hard to
sell at q to cents per pound, and it does
not pay to produce it at these prices We could
subsist on good wheat bread, and when can
buy the best flour so cheap, expenses of living
would be very triiing If we used bread merely
as food There has been no time in the history
of the trade when so long and continued depres-
sion and low prices have prevailed. and the years
1885, 1884 and 1885 will be put down years of
extraordinarily low prices for all kinds of bread
stuffs." In the other markets there is little new
to note. Sugars were easier to-day in sympathy
with the advces from the East, but we make
change in our quotations 1t is expected, how
ever. that there will be an active sugar trade
the next sixty days The produce market
tlnues active with prices, on large receipts, tend
ing downward
Steady prices with sluggish movement covers
the local situation. The Board of Trade Price
Current says of wheat No material change in
prices: dull feeling continues, and general alb
sence of interest either for spot or futures Re-
ceipts very meagre. We quotes
No. 2 Mediterranean O.. t..-...-......-...$1.0 01s
NO. Mediterranean o. t--.----- 9ITe
No. 2 red o. t.. NEUTRALITY-SUSPICIOUS. 80
Onmerchantaofe.- -------------.----- %
Corn-Rules steady at quotations. Demand
good and offerings fair. Receipts small, and fu
lures dull and not wanted. We quote:
No. 2 white. O. t. ACKNOWLEDGEMENTS. 5112
No. 3 white, NEUTRALITY-SUSPICIOUS.. so
Yellow O. Observation-Disclosures. 45
High mixed. o. t....--...-....-.-.. Asa
Rejected No. white, o. ACKNOWLEDGEMENTS. so
Rejected No. white, G. Observation-Disclosures. 40
Rejected mixed, o. t. a.
Sound ear, o. t. ACKNOWLEDGEMENTS. As
Oats-We note slight improvement in de-
mand, with light receipts and offerings We
quote
No. 2 white, o. ACKNOWLEDGEMENTS. 81
Mixed O. Observation-Disclosures. 35
Rejected, white o. ACKNOWLEDGEMENTS. 81
Rye-No. 2, quiet Coo bid; no sellers.
Bran-Firn; 81. 90 f. o. b. bid; held at 81. 50.
Hay-Prime tmothy-Sales of No. l at SIG 80.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat bushels. Observation-Disclosures. 600
GRAIN IN STORE
June z 1885