The Indianapolis journal., 1904-02-12
GRAIN GOSSIP.


The Hoosier State flour mills yesterday paid
81 a bushel to farmers for No. red wheat
the soft winter grade. which is the milling va
riety in this territory. This is the first time in
five years that Marion county farmers have
been paid 81 a bushel for wheat wagon.
The bid for No. 2 red wheat was advanced
&c yesterday to s1OOk at the Board of Trade
call The bid made by one of the local
milling firms. No wheat came out on the ad-
vance. II the option market goes lower again
cash article in the local market will go back TO
81 or a little below that figure.
Although the weather has been more favorable
to corn this week than last the percentage of
the local receipts grading 3 white is smaller
this week than last. Receipts are large how
ever, which can be accounted for by the i'm
proved weather. enabling the roads to move cars
more rapidly. The receipts thus far this week
showing the Board of Trades inspection re-
ports. amount to 1S1 cars. Out of this only So
the contract grade in the local market The
hrst four days Of last week the receipts amount
ed to lOl cars, out of which 81 cars graded 2
white This condition is explained by the fact
last week had been started when there was good
drying weather: Probably a good part of the
stuff arriving this week was shipped last week
and when the weather was unfavorable to driving
For the week corn receipts will probably show
an increase of fully 100 cars over last week.
: :
Wheat against another wall of profit TAX
ing yesterday on its march toward 81. in the
option market. and the attack of the prcst-
takers was fierce that both options left the
field at a loss cf Ssq1c under the final prices
of WEDNESDAY The profit takers got to work
early and at no time during the entire session
price Nednesday-G cents. The high point for
this delivery yesterday 961zc. and at the
under the previous days closing figure St one
time the July reached up to Wednesdays high-
est price, but when the final gong was sounded
loss from the close Wednesday.
+
The following letter. just issued to grain deaI
ers by the general freight department of the
Lake Erie 4 Western Railroad. shows the nrs-
carioGs condition OF the shippers business
at this time. owing to the poor condition of
the crop and the delay in getting shipments
through: 1t being understood that corn offered
for shipment is not in condition to stand delavs
and warm weather, notice is hereby given that
shipments will be accepted only subject 10 dels "
stress of weather Every e1oyt SifI11lthns wiI1 Ina from
10 get corn through with as little deIav as 80
slnle; out conditions have existed which could
may again present themselves"
The Basset Grain Company has issued a circu
lar to country grain dealers. calling their =,
tention to the extreme danger of loss the COM
HlS spring IN nandIlng corn Following is the
text Of the circular: You will observe that No
are commencing to sound our annual note Of
warning little Bit earlier this season thar
usual, and II possible we are going To sound =,
little louder than usual, because the con5i'
tions warrant it, You will recall that we baa
wet, cold and very late spring last wear and
no summer at all, an early fall and a very esri,,
and severe winter. the latter being the o1I,I 80 -
VOra bic feature of the whole year for tba 80.
crop. II iS not surprising. therefore that r.
croq never matured, is soft and spongy and al
most unmerchantahle. 1t would not be - e.
different II we tried to raise a crop of corn in
Alaska SO far as the season was concerned 7,
therefore follows, as matter OF course tbat
load into car AMI ship the next town -
the only thing that has saved dealers from ' -
heavy loss in handling il thus far has haa, - q a
fact that the winter has been fearfIII,I -
keeping the water in the corn frozen ma ~
corn apparently dry. but IL Is evident that 1,b e
the wet, warm days OF spring come and tbfs ~
that Is now in the corn becomes water en-.
trouble viii commence. We wouId tbaras-
caution you again when handling corn in Men
April, May and June, to hold in the ear if ' a.
sible, until the hot weather of July nv ,vbSSIk
time II VIII shell and carry. IL II eyar Iii
Such corn as you feel that you must shin hIo-,
several times, load as lightly as nosSihIe ~.
comply with the railroad minimum rnIes NJ ~
to the nearest available market and instriaPp ilP
your receiver 10 handle without delav 10 ha.t
poss ible advantage. in case The grain does no,
grade contTact" " SS HO'
Mr.. Bassett will leave here early in March =.
spend three months abroad. "