The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
LLith the Grain Brokers;
Present Market Conditions

equal number define conditions as having been
Gull; Probably the majority found business in;
on the rise in wheat prices at the close o. the
week. Very little was done for export. as for
OF accepSnce stTained dplo@atIe " reIat,6P9 e
the far East have affected the markets gen
e ,G n ana caused more or less OF tendency
OF wheat. One ST. Louis mill accepted a large
order for -four for shipment TO South Africa.
and mills in Minneapolis and Canada have been
doing considerable business with the Orient.
Millfeed is stronger and higher in price than
1t was week ago. Reports from important CEN
tiers in the winter wheat belt almost gen
orally favorable as regards the condition of the
new wheat crop. In most sections the plant Is
well protected by snow. Foreign markets are
quiet but steady. with a very small business
passing. The Northwestern Miller's cables to-
day report that stocks OF flour very heavy in
GLASGOW and London. and nearly sl grades
can be had cheaper on spot than for shipment
Receipts also have been heavy. The Liverpool
market is quiet with demand small. which state
ment applies also to Amsterdam In the latter
market buyers will purchase only for i'm
mediate wants"
= =
According to the Bureau Of Statistics. the ex-
ports of wheat for the month of December were
5s55OOo bushels. In December 1902, they were
1850 coo bushels loss for the month of 2 2O5 900
bushels OF this. the ports OF the Atlantic con-
tributed 426,Oc0 and the Pacific ports 1.7s4 200
bushels, while the gulf ports reduced the total
loss by gain OF some 1900 bushels
For the calendar year ending December. 1906
the total exports OF wheat were $4,000 bush
els: carried as follows; Through the Atlantic
Pacific l4.s4o OOo In 1902 the exports OF wheat
were 12s $40 900 bushels a shrinkage In the sales
OF wheat abroad for the year of some fifty five
heavy loss In export trade the Atlantic ports
were the greatest sufferers, showing a decline
lion bushels. The shipments OF the Pacifc were
more than twenty-five and one-half millions less
than last year while the Gulf ports made a gain
OF more than I'VE million bushels.
= 7
In flour. the exports for the month of Deem
Der exceeded those OF the same month In 1902
by 2S5.oOO barrels and amounted to 2.I72 900 bar
rels. All ports showed gains save those of the
Pacific. which less by about 30. 900 barrels
Atlantic ports made gain OF $4,000 and Gulf
port 1900 barrels.
l. Z. Wells the wel-known Chicago grain
man. says: THE whole grain trade to me il
bedam gone mad. The situation in corn is sim
ply that the May has away from the cash
situation in the last five weeks 10 cents per
busheI. -merehantable and milling oats
cents higher than they were six weeks ago.
while we have had advance of cents eer
had an advance Of Is cents per bTsbel in cbs
cago May wheat. as against decline OF cents
Every I'm the trade ought to know these
facts. but they are apparently so wild on their
May ~ @ Ry fo mot 9Ss GSs a.
markets that we nave 10 supply. On the 7th
day OF last december We bought No 3 vel
low corn at 45isc. That day MAY corn closed
at 42=sc. Friday were buying the same grade
OF corn at 42lzc. when the May was selling al
5OLc No grade corn and No. is selling to-
day for less money than II has sold any time on
this crop. and that means for several years
past"
The Modern Miller. in its weekly crop sum-
yesterday. said. The long in
the southwestern portion OF the winter heat
belt has been effectively broken Rain followed
by snow. has fallen all over the central portion
great benefit VIII be derived by the backward
plant as a result OF this moisture. Reports from
California indicate the dry conditions have
been relieved"