The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-05-31

.
extras are held al SS@37c per pound. eastern
supers 42947c. New York supers IS 140c.
The annexed table shows the number of
the past week, and since the LIST OF January, as
compared with the preceding year; also the
receipts of domestic during the same period:
FOREIGN.
Bales
Imports week ending May a7................... gu
Imports since Jan. /, sos
Imports same period 25 ,S6I
DOMESTIC.
Bales.
Receipts week ending May 27.....-....... ... OOu
Recei pts since Jan. j, 1876 ....lS, 1874
Receipts same period ISIS 67I
Reports of the New York market appear
every Wednesday and Saturday morning.
GRAIN.
Advices from Chicago during the week have
given intelligence of great excitement there
in wheat, and as compared with two weeks
ago prices have advanced fully cents per
bushel. But to-day the dispatches indicate
that the upward flight has been arrested, and
the speculation mania has in a measure sub
sided. This market has not responded to the
excitement in Chicago and prices, while they
are steady, have not been specially disturbed :.
Corn is also lower, though dealers have been
able to sell all that has arrived, and stocks in
elevator at this writing are reduced to pretty
low point. Oats are dull, and we have 10 sales
of importance to chronicle.
The New York Commercial Bulletin refers
to the breadsiuf market as follows: Through
the week now closing the breadstuff move
ments in our market have been unusually
brisk as a rule, stimulated by the export call
for supplies OF wheat, especially spring grades,
and corn and to a fair extent, of suitable
qualities of -four. The inquiry from buyers
for the United Kingdom has notably ip-
creased. The demand from continental
fh0nOh hon
through several weeks preceding, has never
theless been OF very respectable magnitude.
Purchases Of -four and meal for the West
Indies and the Provinces, and of flour for
South merica, have also been up to fair aggre-
gate. Home trade operations have been rather
more liberal, and some speculative dealings
have been noted, this feature developing most
prominently in oats. An additional lot of
oats Is 600 bushels) has been taken for France.
as already reported. Values in most instances
have been very fairly supported, though toe
later transactions in corn Indicated material
decidedly toward the close by the pressure for
accommodation from the breadstuff interest,
and this circumstance worked against the
outward movement.
PROVISIONS.
ranch of trade prices have had a
downward tendency for some time past, and
the fact that foreign exports
have been large with a fair consumption de-
mand. Values steadily weaken and holders
seem quite unable to solve the problem or
make any satisfactory calculations with re-
gard 10 the near future. The New York Com
Bulletin of Monday reviews the pro-
vision market for the week ending 27th inst,
as follows:
ket for tue hog product since our lsst review
have been a slow, cautious and moderate
handling Of actual supplies, increased arrivals
of hogs at the West and decided dow award
tendency of values. In speculative way,
there have been some powerful manipulations,
notably so on lard, accompanied by consider
able excitement, almost OF panicky nature,
under the serious break on prices, with gen.
eraI upsetttng of calculations among the
f." oulls" and free unloading OF stock, which
had become altogether TOO weighty to carry
under the accumulation OF adverse circum-
stances. Certain large amounts, which have
for some time been claimed as STOCK certain
freight-Ioom obtained, has been thrown over
board whenever an opportunity occurred,
or extended into later months In order
the trade seem TO have become dumfounded
Iver the apparent apathy of the foreign de-
mand under the shrinkage on cost, and are in
cIined 10 doubt the accuracy of the informa-
ton which led them to believe that any i'm
portant portion Of our product Will be wanted
abroad. Aside, however, from the natural
tendency OF all buyers to hold off on a declin-
ing market, and especially go those who work
on discretionary orders, there has evidently
been too much expected ''all at once" Every
Indication at hand still points to a greater or
less paucity of supplies In Europe with an alb
solute dearth OF lard in many sections, while
shippers have no hesitation In admitting that
in addition to fair orders already at hand, they
are assured of being called upon for further
amounts lOllen they are lDdnted. The italicised
words, however, te. the whole story and covtr
point too generally overlooked. Con-
sumers throughout the entire world have
gradually thrown aside all speculative ten
denotes and are now operating almost solely
upon the basis of well known and positive
wants, showing an absolute 1mpregnabiliiy o
Al fW.r1 oraNT Tor
them 10 handle supplies in excess OF their abll-
ity TO distribute 10 immediate advantage.
Cost, therefore, D comes secondary consider
alton, for no matter whether prices be high or
low, buyers do not come forward until they
have exhausted old stocks and have thorough
" calculated upon the disposition OF such
die. This is no theory, but an established fact
which has already worked itself out on many
OF our leading articles of merchandise. Specu-
lative manipul stions and combinations can,
therefore, place little reliance upon the legiu-
mate demsnd as a source of relief beyond such
amounts as current consumption may re-
quire; and If stocks carried by banks, trust
Companies, etc., become burdensome and
risky, the natural results must follow the I'M
loading process. Une failure has taken place
during the week, but not OF serious charac-
ter.
In the various departments Of trade, such as
boots and shoes, hats and caps, notions mil
linery, hardware, iron, etc., stocks are all
that could be desired, and buyers who visit
this market ind no necessity for going else
where for stocks, as indianapolis merchants
are able to rake terms as satisfactory as those
IN any other market East or West.
ON 'cHANeE.
There was a far attendance on Change to-
day, but little was done. Grain dealers were
offering considerable corn and wheat, but
transactions were unimportant and the tone
OF the market was weak. ~
!, = THE LOUISVILLE FAILURES,
reported by telegraph this morning, excited
much comment, as the parties who have gone
x,ndor xuara xuolI rr0Up hara A nrivafa dis