The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-30
LUith the Grain Brokers;
Present Market Conditions

the weak days and less trouble to advance them
on the strong days.
An Antwerp grain man. discussing the prob
able effects Of war the cereal markets In a
letter to Harris-Gates. says: The whole trade
merchants and millers. remain Indifferent about
the Japanese-Russian talk, and even IL IL comes
to the worst that should be declared we
do not see why prices should be Influenced Inv
Russia would even export more freely than al
present. as money probably would withdraw the
advances made on stocks in the seaports Offers
from River Plate liberal and would he stilI
more so. unless shippers in difficulties on
account or the strike But a strike as YOU
know, cannot go on forever, and as soon ss
there would be an end 10 IL shipments f-om
Traders who are buying July wheat argue that
If there Is any sound reasoning OF the bulls in
May. July should sell high before another
harvest. II will have the advantage of reduced
stocks. and We are likely to go into the new
crop with remarkably small reserves. particular
~ OF contract wheat Millers will have exhaust
ca thelr supplies or good wheat, according TO
the theory OF the May bulls. and the new wheat
s MN d MIL OG arKgred the latter part of June
ana curing July VIII be absorbed by interior
mills, so that there is likely TO be little IL anV
accumulation at terminal points in July.
The corn professionals have been seu,, -
late on the theory the rich New York sro,,n
headed by Reid. had taken profits ON = go
share of its line, and that the market for this
reason was likely to sell off. People who sbo,,1s
know say IL is true the New York corn h,,I,.
have iiquidated good deal Of their corn line
weakness. the New Workers having TOT eo' corn
some OF their profits, are still bulIish on the
market again on breaks. ~
T =
Modern Miller.-The winter wheat cron Ia.
been generally well protected by snow from the
late severe cold weather. In the central ana
western part of Kansas and to some exten, a.
the territories the snow covering was lacking
but moisture was plentiful in Oklahoma and
on the wheat where II was not projected IN,
snow will not be known until growing $3.50 -
sets IN The movement Of soft winter ,yhaat fe
unusually small and Of hard winter has fallen
considered generally. the past week has been
an unsatisfactory one for the mills" saws the
Northwestern Miller. True. some millers report
a good business which took their OUTPUT hut
the erratic wheat market so upset values tba,
the net result could hardly be othervise ~
against improved trade in flour Gosh ~,
pFlSeS MsIe almost generally too high to permit
sales. Eastern markets are reported 10 h. ,,eeii
stocked az low, IoWer rates than now prevail. Ship
mills are forced to curtaii their OUTPUT FOR fbfs
and number or other reasons such as scarcity
of wheat etc Special telegrams To this i,,,r
as TO the condition Of the winter wheat cror
indicate tiltA "a a Mnolc u II amply -
by snow from the Intense cold which prevaIls
/ generally throughout the wheat belt"
Northwestern Miller.-Cables do not show tba,
there has been any Improvement in foreign aou,
markets during the last week In GLASGOW
{ stocks are heavy and receipts continue large
! with what demand there is chiefly Tor TCansas
patent Liverpool reports a market that Is tog
quiet 10 test prices nearly all grades can \,
had cheaper spot than shipment I.on
don Is the plight ana receipts there hav,
heen heavy. The Amsterdam market Is 0uic
but steady. with little or no variation in ptic.s
all grades moving slowly.