The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-07

ton. and reports from interior points of the
surplus States of the West give little encour-
grading The Produce Exchange crowd of New
York has been bearish on corn for months and
cago. 1t is not clear where the property is to
be secured to deliver May and July commit
lative contingent has been bullish on corn al
though at no time inclined to adopt aggressive
tactics, preferring to await legitimate develop
ment of the fact that the crop is far below
1ne government estimate and of inferior quality.
and conditions appear TO be ripenng for a
strong advance in prices. Unfavorable reports
or the winter wheat outlook contribute also to
grain" "
A New York message on the Eastern milling
situation says: ''Toomey Bros. flour dealers
here. state that of twenty-seven millers through
out the wheat section Of Pennsylvania with
whom they correspond only four are running at
present. OF those shut down a few were obliged
to close primarily because of ice, but state they
is fereI I' ,6 Sre 10 run as pra9scay no wheat
because farmers have little back and are hold
f fng until they have to sell it. PENNSYLVANIA
Soc, and millers and farmers in Pennsylvania
are In closer touch than some people in other
communities. and the farmer generally takes
his views from the miller. OF the few mills
running running the majority are grinding part Kansas
grinding spring wheat. no No. red being avail
able The same conditions apply to Maryland.
worse than in Pennsylvania, because the wheat
moving In Pennsylvania Is of sound quality
while the majority that is coming from Mary
land is OF poor quality and does not make sound
Hour. Regarding the position of flour in New
York, would say that stocks in sellers hands
have been practically cleaned up Some OF the
largest Minneapolis mills behind in their
deliveries. | understand Kansas mills have re-
Gently placed large orders at many points Here
tofore local trade was supplied almost entirely
by local milers."
The ST. Louis bulls are not taking very good
care OF their May price. 1t is at discount of
&c under the cash price. which shows the
Spencer party, for reason. is not giving
the St Louis bull leaders being considerably
embarrassed by the litigation which the 81
Louis shorts have forced upon them. II must
be against the marketing OF the No red al
St. Louis that the May hangs at a discount of
&c and the July at discount of over lie.
=
There has been little in -four trade condi-
tions during the last week to warrant either
joyousness or eontentment the part of mill
ers. says the Northwestern Miller The per-
turbed wheat market has kept the buyer guess
ing where he is at and the entire trade. in
fact. in state of uncertainty. The scarcity of
wheat has worked not little TO the disad-
vantage or millers In many localities and the
where few foreign bidders can reach them. Do
nestle trade was only fair during the week
with a perceptble Improvement on a rise in
wheat and corresponding falling of on n de-
cline. Ohio valley mills report Improved trade
In Michigan transportation has been interrupted
by snowstOrms and generally bad weather, with
the usual results as To wheat receipts and trade
shipping directions came in freely at ST. Louis.
and a fair number OF small sales were made to
domestic markets. Kansas City had no foreign
business and but little TO Eastern markets.
Latest advices as 70 the winter wheat crop say
ample protection. This applies almost generally
and especially In the Ohio valley"