The Indiana State sentinel., 1877-02-07


required seems evident but exactly where Ii is
Certain Continental operators, mostly ON
French account, have been in receipt OF IN
quiries as to cost, etc. and few nave even
made moderate purchases, but exporters as a
rule manifest much of the old indifference and
are refusing to enter into any contracts 1or
future delivery. The home demand moderate
and i'm form shows the old cautious
hand to mouth policy which can not
be changed too much Of an extent
duced cost. Stocks in the meantime increased
somewhat, and while the offering has been
moderate and careful. especially on the super
lative articles, buyers do not appear 70 nave
met with much'trouble in securing what they
required 10 have at any time been COM
PEELED to submit TO dictated terms. Theories
to show the probabilities for both an upward
and a downward turn of the market from its
present level are plentiful, but they emoody
about the same ideas current all the season,
and operators generally appear to be in too
numerous condition just now 10 lhuorse
their argument by action.
Lard has been fairly active for actual stock
and irregular in the movement of paper"
with the general tone feVerish though making
no progress of positive nature towards a re-
cOVery of strength. For immediate delivery
the demand may be recorded as OF a general
character, including the average call rom re-
fineTS and preSsers, two or three purchases by
exporters and some lots OF which the dispoSl-
ton was doubtful though understood to be for
use on maturing contracts. Except upon oc-
caSiOn where ShipperS\ were compelled 10
hasten purchases for certain steamers, buyers
Indifferent tone and found the supply about
equal to their wants. with the cost OF west
ern steam ranging between sil %Slt tho III
Offering was stock obtained on February con-
tracts and Immediately thrown out by receiv-
erS. City lard has not done quite so well as
last week. Pack rs have been holding pretty
firm, but refiners would not submit and the
sales from day TO day were unusually small.
Refined lard still without animation on The
European outlet and a greater portion of the
time ruled nominal in value, though the ten
n
ll5sc for the best brands. South American
grades sold moderately at ll3sc, and a few West
India orders at sagioc anu iTEc Erd aPr ;rre9
lar and at one time March sold as low as the
current rate on spots. There does not appear
to have been any particular amount of pres
sure, but simply an absence of demand In such
shape as to afford strength, and two or three
little turns upward OF scarcely SufIclent ex-
not sustained more than day at any time.
The impression seems to be at the moment
that the market is sustained solely by the
"main strength" of interested speculative OPP
eraters here and west, and the disposition Ia
vors the policy of allowing them to carry the
stock if they so desire until IL can be shown
satisfactorily that lard possesses attractions as
an article for investment.
Foreign Grain Markets.
FRANCE. .
PARIS Jan IS-Up to Friday morning the
weather continued mild and damp. fester-
day the temperature slightly decreased, and
to-day at Saon the temperature marked only
plus four degrees Centigrade go degrees F..
No rain has fallen for couple of days, and ii
is confidently hoped that winter is now on the
point of commencing. From an agricultural
point OF view, the e1ndldion oa miah h,t
farmers are now ssnguine in their expectations
that colder temperature will arrest the pro-
gross of vegetation, more especially the growth
of remembering weeds, and that twill not be
necessary to NOV down some OF the too Tor
ward cereals, was talked of about a fortnight
The corn markets held this se'nnight have
been more or less deranged by the wretched
state of the weather. Nevertheless, the supply
of wheat has been OH an ordinary scale, but
growers have shown just as much tenacity as
previously. Millers, on their side, who appear
well supplied with wheat and flour, only make
a rather restricted demand, and, on the whole,
business was limited at about unaltered prices
in the most important markets.
SOUTH AUSTRALIA.
ADFsAIDE Dec 2-Wheat and Flour.-We
have now sent away over 100000 tons of
breadStuffs this year, leaving some 5000 To
O00O tons of the old crop still available for
export. The favorable weather of the past
month has improved the prospects of the new
harvest, and we shall probably have an aver
age yield of 7 to bushels of wheat per acre,
which, with the very large area under cultiva-
tion, should give us over 10000 tons for ex-
port during 1877.
on CHANGE.
The attendance at the daily meetings on
Change is not up to the demands of business,
and there is a wide margin for improvement.
Dispatches on Change.
LIVERPOOL.
FLOUR-ySs@25s Cd.
WHEAT-Winter los Sd9lls; spring 1Os@l0s
Cd: white los 6d@lOs Cd club los Sd@lls Sd.
CoRN-New 25s 3d@25s cd; old 25s 9d@26s Sd.
PoRK-67s Cd.
LARD-5ls Cd.
BALTIMORE.
WHEAT-Quiet and steady.
CORN-Mixed western strong at 57@5711c
spot or February: 5S95S1zc March; 591s95014c
April; 5e14@5ss4c May.
NEW YORK.
WHEAT-Nominal; Chicago 81 33@l 40; Mil
waukee 81 S3@l A.; red winter 81 509l 55; amber
81 55@l 65.
CoRN-Quiet at 60@62c.
OATs-Dull; mixed 4O@5fc; white 45@55c.
PoRK-Quiet SIG 50 bid for February; SIS 75
for March; SIS IS April.
LARD-Quiet; slI III bid for February; sll 30
March; slI 30 April; gil 80 May.
GOLD-lO61s.
CHICAGO.
WHEAr-Active; 81 2g5z March; 81 81 April.
CoRN-Qtiet 42s4c cash and February; 43c
March; 4c May.
OATs-Dull and nothing doing; offered at
35ssc February; 936c March; 361zc April.
PoRK-EaSier; SIG i21s@l6 40 March; SIG 6212
| @l6 IS for April; nominally SIG IS February.
LARD-2uiet; sll 90 March; Gil l21z April (;
nominally $40 9O@l0 95 cash.
CUT MEATs-Boxed qniet; shoulders &c; L.
SIC; s. T. sc; S. SIC; L. C. S. c. S1z9ssc.
GREEN MEArs-Hams, 5000 ls MS av-
erage.
HoGS-Estimated receipts past As hours 1000
head. Market rather quiet but firm.
PHILADELPHIA.
FIoUR-Market quiet and weak; Pennsyl-
Vania Ohio and Indiana supers s5@6 %; fam
| lily 81 80; Minnesota s7@7 50.
| Tot.