The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1877-02-21

2-oO0 bOlS-outSlde OF which were only 4OO DDS
credited as for OpOrto, and II bbls for Liver
pool; those of wheat TO the extent of 20, $50 bu
10 Liverpool 500 bu TO GlaSO IL, 30 10 Bristol o.,
400 on to Cork for orders and 1900 bu to Lis
bon. or the corn aggregate, ~, 200 bu went to
Liverpool, $3.50 bu to London, 24,SOO bu TO
Glasgow, q 900 bu TO Bristol. $500 bu to OpOrto,
l2,6OO Uu to Hamburg, IL, 100 bu to Bremen and
p, 400 bu to Aarhuus. or rye. shipment was
made of2,O0o bu to Hamburg and 5000 bu to
Bremen.
The amount of grain In store here, according
to the latest official report, Is 5,7OS,Ses bu, as
against ,,1sS,OIo ou ~, week earlier, S,lS2oOo 6n
and 6,lSl $50 bu at the corresponding time of
1873. The aggre ate of wheat now in store here
is 3,0E 700 bu, as against sos, Sob week ago,
and ,l51 800 bu at this date in 1876 OF corn
the stock in store here is 2ll4,2j0 bu, agai st
2ySI,S0 bu on the preceding weekly return,
and 5O}ySO bu at this time last year. The az
glegate of other grain in store shows no re-
markable changes as compared with earlier
exhibits, apart from falling in the total of
barley from 6I4,lOO week since, 10 6i2,6tO
bu on the latest returns; and In that Of malt,
of $1,000 bu.
In the latest estimates of the visible sup
plies of grain, the alterations i'm the aggregate
have been further decrease of about 5000
bush on the total of wheat, addition of
about 400 600 bu TO that OF corn, a reduction
of about 1900 bu in that of rye, with a fall
ing OIL in the fOoiings of barley of about 20S,
600 bu, and an increase in the total OF oats
ofabout 6i,OOO bu,
In general merchandise the markets are
quiet and the volume of trade is small, though
not exceptionally so for the season. The indi-
cations now are that the spring trade viii
/ open early, and merchants are already pre-
/ pairing for the campaign. In all departments
stocks will be brought to the highest state of
excellence, and buyers who have made Indian
apolis headquarters for transacting their busI-
ness will have no reason for looking elsewhere
for goods, or 20 other markets Tor the sale Of
products.
In provisions trade for several days past has
|
mand is light and buye's are demanding con-
| cessions.
The most noticeable feature on the market
| for the hog product since our last has been an
| increased movement OF lard on English ac-
| count, and somewhat larger sales of middles.
The first named is generally understood to
| have been handled almost exclusively for
| speculative PURPOSES But the latter has the ap-
pearance of having been taken to NIL orders in
| the regular course, and tends to verify the I'M
| preston that box meats are in somewhat
| healthier position than other portions of the
hog product, the packing having for some time
| run largely to mess pork and lard. With
| the above exceptions there is nonew feature
10 ADVISE IN Ineory or practice among opera
| Tors, all movements being conducted with
| much caution and an apparent dlsinclination
to take h' Id freely with either ''short" or
| "long" grip. The "bulis" continue 10 argue
| rom the old standpoint, which has the basis
| of the large excess of exports over last year; a
/. com paraLIveiy light run in weight OF hogs;
| reports from the west that the prospects indt
cate very small, If aiy, 1 crease OF packing,
aqf the expecta. ion that Eur pc must soon
again become a buyer. against this the
| "bears" acc pt the liberal exports as strong
| point in their favor, the great bulk of the
| stock now DING forward being upon contract
! a "A much over range than now current, Civ
| ing European markets q full anr cheap sup
! ply without a corresponding increase of con-
| 'hold OFF, in the same manner they have
| been doing for weeks, and even themselves
becoming sellers here on q D TER line Tor
| The general home consumption is small, some
| of our dealers tell us. smaller than they have
| known for years, and SO far as the legitimate
| wants of the market were concerned there has
| seldom been an actual scarcity of stock this
season. On the packing, the number of hogs
| has thus far kept up To last year, and IL Is
| claimed that the light run of the stock is sim
| ply granger movement to influence prices
| which will be offset by heavier run that
may go well into the summer packing, es-
| pecially as the tendency TO an ''all the year
| crOp,"is becoming more marked every season,
| and cheap ice is likely TO help IL.
| Lard, i'm IN ed lately following last, be-
came a trifie excited. and made quite little
jump upward on the sudden development
| of demand from Liverpool for immediate
delivery, which took about $500 ties here and
| several parcels at the west, the movement OF
| the latter being assisted by the "cutttng" Of
| railroad tariffs on through shipments. Lhe
| orders, however, were Understood to be simply
on account OF "shorts" in the foreign market,
| and, being filed, the demand subsidized quite
! as quickly as Ii made its appearance, and the
| market relapsed into the old dull and dragging
condition, prices gradually Shad' d OIL from
Sll 81, the highest point reached, TO about III
| on Monday of this week, and were to q GER
| tain extent nominal. Indeed, so far as re-
| finers, presSerS, etc, were concerned, there
| has been greater indifference even than last
| week. and aside from odd lots of "ott" grade
| run out for what they would bring, there have
two or three days passed with no sales of
| Western steam The offerings, however, have
been comparative moderate and cautiously
! made, and especially in round lots, and faint
| whispers of the probability of corner" on
| this month are occasionally heard. City lard
| has been neglected also, and though held
| OH
time be drawn out on bids. Refiners continue
to ill their contracts, but have again made no
| sales on European account with the value
| nominal, though quoted at about III &c most OF
| the time. South America also quiet, but a
| few sales made for West Indies at 91sGl0c.
The contract market has been more active
| and at higher range OF values, the stimulus
being obtained through the demand on foreign
| account above referred to. On the upward
| turn the easily frightened "shorts" made a
| rush TO cover which aided the buOyancy, and
| some purchases were made so. The margi ,
| for profit on the advance, however, was not
! very liberal, and, finding signs of weakness,
| recent Duye s In many Instances unloaded at
| once while others sold short and since the
tendency has been downward, the commence
| ment of the present week showing the lowest
| figures. Some few extensions have been
| made.
ate and prices steady. The New York market
for the week is reviewed as follows:
Raw sugar has been very quiet at last week s
| prices The supply, not only here, but at
| Boston, Baltimore ana Ph1ladelphla, has con-
| tinued very small. and this fact has helped
sustain prices Notwithstanding that, owing to
rather large importations on their own ac-
count, refiners have shown little disposition
to trade. But another feature favorable to the
importers hs> been the steady rise OF prices in
| England, aud IL may be added the Don inued
reports of large deficit In the European beef
root yield this season. According to the pres
ent estimates the crop will be as follows, COM
pared with last season:
1867. 1866.
France Tons. 100000 1929
German 2S0OOO 346,646
AustrO- Hungary ...-............-. 10000 153 922
Russia and Poland .-............. $4,000 245,OO0
Belgium .............. 500 1875
Holland and otner countries $1,000 800 Q