The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-13

The Northwestern Miller to-day will say that
the local -four situation shows improvement over
the condition at this time last week. From its
local correspondent. Charles Nichols. the North
western Miller viii say:
with the indianapolis miIlers. trade con-
tinues dull and unsatisfactory. Wheat is such
rare and costly article, that the average miller
cannot afford TO buy 1t. AS high as csc was paid
for No red last week. and &c was bid Satur-
day. The Indianapolis mills own some wheat that
was bought while ago. when prices We're lower
and this they are grinding and disposing Of at
prices below actual present values Inc millers
DO not speak OF doing business. as trading now
Is hardly regular basis. They are hoping for
a turn In the lane. and there are some indica-
tons Of it. The inquiry from domestic to trade trade
before, and from abroad there were more re-
quests for -four offers than for some time To
conditions have slightly improved"
The local cash corn business is improving.
The receipts at this point getting little
larger each week. and the leading dealers report
larger acceptances by exporters and an increased
foreign inquiry. Advices from the leading mar
kets are TO the effect that higher prices corn
may be looked for. because the movement is
lighter and the demand is increasing Argentina
Isn't going TO ship nearly so much corn TO the
going to make a material difference in the de-
mand from the United Kingdom on this side.
To M receipts c OF SO TO tar e
inspection reports. 1t is probable that the local
A W. Thomson-wheat closed Tuesday 1s97sc
UP. War talk. bad weather in Argentina to-
gether with the report that Armour a good
buyer, is responsible for the strength. Natural
conditions do not warrant present prices Corn
large and the demand from the seaboard is
fairly good. On the breaks / advise buying
GGrn P+4yiIons opened gp sharply and closed
buying and that the packers are selling. This
being true the market will not advance rapidly
unless should be declared. For the present
take profits on the bulges.
:
OF crop conditions in Indiana. Ohio and Ken
lucky the Northwestern Miller to-day will say
from its local correspondent Good reports con-
tinue to reach this office crop conditions in
northern Indiana and Ohio. There is and has
been for some time a good covering OF snow in
under good Condition. The Auburn Milling Com
pany, Of TirO o.. report that the crop never
looked more promising. From central and south
ern Indiana and Ohio and central Kentucky come
reports that are not good, but they are better
than week ago, when the weather was so Sc
we're and changeable-,
There Is a large discrepancy between Brad
streets increase in the visible wheat last week
and that OF the New York Produce Exchange
The latter shows an increase of 1,ss5.0O0 bu.
while Bradstreet's figures out Yesterday; give
shows the increase in corn as $4,000 bu, while
the New York Produce Exchanges figures say
the increase Is only about 10000 blu.
Armour continued TO buy wheat yesterday.
from all reports. and he bought it openly, valen-
tine being the buying side in the pit Mon
day, II is said, Armour took about 3.OO0. 900 blu.
and he evidently took a pretty large line again
yesterday.
Bartlett. Frazier & Co. We're heavy buyers of
corn around 4714c yesterday. They took about a
| million bushels at this figure to bear it, The