The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-20


George T. Evans. Of the Hooser State -four
mills. says: 1.-The holiday duilness appears to
have started In earlier this year than usual The
high prices of WHEAT the West relative to
the seabeard markets is contributing very largely
to this result The export trade is simply out of
the market. the holidays having started In early,
and presume they will be until markets
even up, or until they compelled to buy.
The dizziness in flour. however. is no more
marked than the difficulty Of getting soft winter
and that is held and taken at figures that are
even above ordinary market quotations. so that
there Is no reason for a miller 20 give away
ditficult TO see where he Will replace it. unless
he buys from the st. Louis 'bull' leaders We
that With this in the our trade 70 aa nd
consequent stacking UP OF the market for wheat
for the future we shal not be at all surprised to
see higher range OF prices when buying starts
in again, as Il must do in the next twenty or
somewhat higher prices. With many mills shut
ting down. and continued winter weather on
growing wheat is reported in good condition in
this locality. where it has had fair amount of
xSs
The Modern Miller says: There are con-
tinued complaints OF insufficient moisture and
unfavorable wheat condition from southwestern
and southeastern sections of the winter wheat
belt. In the more northern belt the crop is
generally protected by snow"
The important wheat development this week
has been the large buying of the Kansas wheat
by the foreigner. Over a million bushels has
been taken in two days. and a good deal OF the
business has been done from the gulf NV the
chicago houses who work through the Soutb
gested by the unfavorabe Argentina news s St
IL mas been favored by very low ocean freigbf
the Kansas wheat prices There Is very 81 -,
reason for believing the business is even larger
are timid about talking for fear of a rnart, ~
UP OF the ocean freight tariff. Besides they do
not wish TO spoil wheat market that is ner-
hitting so large business '''
Talk OF wheat stocks here growing burden
some Is all bosh.' said a Kansas City MESSAGE
our stocks are $4,000 bu. compared with 500 =
~ ~. ou year ago. and nearly 100000 bu less
MAN imam t on h Export people say IL looks
more ike business than for months"
The speculative situation in wheat say. q
well-known Chicago speculator. lis a very strong
one. Armour is practically alone in the market
The other bulls. big and little have apnarep,,v
gene out. TIE rich professionals here who bave
been believers in wheat have become discou,.
aged. 1t is even said the washburn-Crosbv
CROP have changed front. and the ST onis
bulls are short May. There is every Indicate
within limits as TO get the beneS, tn oe
the natural helps when they come along I have
no doubt he Is seller on the swells and ~,
he is a buyer when the other people in the mar
ket are disposed 10 sell. The situa ton nov1 4.
that we have big owner OF wheat in tha ~.
ket who Is not crowdng the situation bu, vhc
Is simply waiting for the natural deyelonu,eD,
OF a bull situation and for the starting IN y,
other buyers when the situation become.
clearer"
OF the growing spirit OF cooperation amone
milers the Northwestern Miller SAYS: ..In thai,
place the milers Of to-day fairly well or.
gained into groups or clubs for local object,
affiliated with federation for national work
| This system Is Sufficiently elastic TO give each
smaller body ample liberty OF action In matter,
directly affecting them. yet with sufficient co
hesiveness to make IL easy to get Concerto,
action when necessary 20 move toward a com
| mon end. The result Is that since the MIilers
| National Federation was formed there has bee,
a great increase In organized work. far create,
| and more general understanding OF the conaf
/ lions which obtain In various sections of IN,
milling field. and n higher appreciation OF an,
| character and merits OF those engaged In m,
business OF rour making.