The Indianapolis journal., 1904-01-09

wet spring weather is necessary to overcome
the backward conditions Of the crop"
XXX
The Minneapolis -four output last week de-
creased $50 barrels. The mills due TO New
Years coming or Friday, ran practically only
half time. The quantity of -four turned out the
week OF Jan. 2 was 165 255 barrels. against 32s.-
~ barrels In 1893, and 3A.7S0 barrels il 1907
with the advance in wheat shipping directions
are coming IN more freely and, considering that
feed Is commanding good prices and that there
IS an unusually good supply of water for power,
lnducement TO run stronger is not lacking Most
mills advanced the price of patent 10c per bar
rel on Wednesday and 10c again on Saturday.
The Spencer party at ST. Louis has won a
victory over the December wheat defaulters.
The contract committee, to which was referred
the matter Of making settling price. fixed the
price at S2c. That was the closing price on the
last day Of December. The matter of fixing the
price for the defaulters went to the committee
the st, Louis commission houses defaulted 70
the extent Of 10000 bushels Some of the cases
for. court injunctions may not abide by the de-
elslon OF the committee. The Spencer party is
now marketing it's cash wheat. There is about
S.ooo.o4o bushels Of this and, while buyers have
the baTgan conpter tne nope might m R o pc put t On
consumption now. Exporters are showing some
interest in it and the millers also.
The Kansas wheat movement in the country
still good deal of wheat and are anxious to
market it, and doing so as fast as they can
get cars. it is expected that Kansas City will
be getting wheat literally for some time yet.
But the Southwestern wheat people think they
see the end of the big movement Minneapolis
Is taking from lOO TO 80 cars of this Kansas
Wheat each DAY, and the mills at st. Louis and
IN the St Louis territory have been using from
40 TO 81 per cent of hard winter because the
price OF their No red has been so high The
Hour business all through this territory has
MuIaMh M on the Kansas supply. Large as the
movement has been into Kansas City and St
wReat has been OF o9 oo ProRSro1 or the
people say they expect the movement of corn
Th Pelore long 70 partly usurp the place of wheat
Kansas and Nebraska, and, the is of
poor quality, 1t is likely to be hurried forward
as fast as the cars supplied.
Finley Barrett & Co.-There are two un-
sellers of May wheat around SIC and of July
around s23sc yesterday. Thursday they were
good buyers.
Argentine shipments of wheat yesterday We're
given at 100000 bushels, against 1900 bushels
the same day last week. The corn shipments
showed big decrease from the corresponding
Day last week-S54Co bushels against $4,000
bushels The Argentine weather is reported as
pad, as interfering to a considerable extent
with harvesting.
Crop conditions in this section are reported
as follows in one of the milling journals: 1.-THE
growing wheat reports regarding the new wheat
are not so favorable they might be. From
reliable sources complaints of damage by fly TO
| the wheat in central Indiana have reached this
/ office. In addition to this. the weather this
winter has been trying to the young plants and
| their tops show the effects. The latter part of
| last week there practically a twenty-four
| hour heavy fall OF snow, which covers the
ground, and which will prove of much benefit
and protection TO the new crop
A. w Thomson-There is little or no change in
| the wheat market from the close Thursday
Traders disposed to await more definite ac-
| tion between Russia and Japan before entering
| the market. If peace should be declared the
market would slump sharply. Corn is suffering
/ from the same conditions that govern wheat
| but shows less selling pressure. Corn around
\ 45c Is good property. Provisions We're without
! support yesterday and seemed to sink of their
own weight | feel, however that purchases
made at the close yesterday will show a profit
| to-day. Latest cable is that Lord I.ansdowne' 5
| final efforts to avert war between Japan and
4 Russia have failed. This being true the market
will sell up sharply this morning.