The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1877-05-09
Commercial.

The provision market was quiet to-day, and
prices we're undergoing very little change
The demand for the past week has been un-
important, and holders were firm in their
views.
The New York Daily Bulletin of "Wednesday
in commenting upon the outlook says:
With the opportunities afforded operators
for a RISE it is a matter of some little com
ment and surprise that the general market
for the nOg product remains in a comparative
ly quiet condition aud the speculative line
free of the decided excitement and buOyancy
SO noticeable upon other leading articles OF
produce. Everything has naturally developed
greater strength ON values and the changes in
cost have mostly been toward a higher level,
but there was not that taking hold" by either
regulars or outsiders which would warrant
a rapid and liberal springing of prices, and
= marked tendency to caution could be
observed in ali movements. 1t is, however, a
ques ion II this does not in the end prove a
strong and healthy feature OF the position, by
giving any improvement which may be
gained the base of a legitimate demand and Sc
curing advantage OF a more lasting charac-
tilities ebroad, there has unqueSti0nably been
generated a feeling of greater confidence
among our dealers generally; but. as the war
now stands, the effect upon our provision
trade can only be OF an indirect nature for
some time at least, and this, no doubt, has re-
tarded investment to a considerable extent.
the foreign advices has been such as
TO induce the bellef that a general
conflict among the European pow
ers is impending, and should this feeling take
more positive form, II Is but natural to expect
greater stir, as several OF the countries likely
10 be drawn into the complication are liberal
buyers of our meats, even in times of peace.
The most substantial gain thus far has been
apon English naval supplies, and the hope
now Is that army stores are TO follow with q
further stimulus IN demand from the CONT
nent. Minus a war outlet or prospect there
OF, the present comparative full receipts OF
hogs and the product therefrom IL Is thought
would prove an important factor In prevent
Ing prices remaining at the current att.
tude, but in view of the possibilities
which with the more sanguine have
merged into strong probabilities, the accumu-
lations are carried without great hesitation.
In brief, the position appears to shoS that
while nearly all the trade admit the prospect
to be cheering, Ii fails to reveal elements o.
outside a few special styles of goods; and on
the other hand, owners OF supplies gair
enough hope TO induce them to hold on stiff1y
and prevent offerings in excess Of actu a calls
Trading for May deliveries has gradually
fallen on during the past week and contracts
were settled or extended to considerable ex
tent.
the grain market, and prices OF corn anC
wheat have been well maintained
The New York Daily Bulletin Of Wednesda.
says:
War news from Europe and cable reports o
resulting activity and buoyancy in the foreign
markets have formed the controlling infiu
ences in the line Of breadstuff dealings durinl
the week, stimulating business notably, ant
~ through the list. affecting ais.
the ocean grain freight movement, which
was much brisker, and as TO rates, decided,
grain freight contracts here and at Baltlmor
reaehed unusual proportions, the aggregat
having been equal TO about 55o1vv bushels
Rates, both on berth and charter, closed yer.