The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-07-16

active movements. The new styles are highly
spoken OF ana viii o doubt meet with good
reception when trade is fully under way. The
prices are low and there is confident feeling
that they will be maintained thrOughout the
season on all desirable work. few secoDd-class
brands have been opened at cents, but buyers
prefer the better makes at the difference IN
price. In other respects the situation ls with
ont change. The iobbing and retail branches
are very quiet. A few summer goods are stlli
moving but this this is vacation cation. month anG
exertiOns to start until August. All kinds
of plain eOttons are held at previous
prices, with only small sales. We might, per-
haps, except print cloths, which have been very
dali and are selling shade lower than last
week, the quotation for CAS- being $3.50, q per
cent. off. In woolens there is no change to note.
The outlook is fairly promising, but trade since
the Fourth has been very light, and 1t may be a
week or two more before there Will be much
doing. Our groceIs report trade better this
month than In June, and say that really they
have no reason 20 complain OF their present
trade when this season OF the year is considered.
sugar rehners are attempting, with partial sue
cess, to build mp prices. Speaking Of the sugar
situation, an Eastern exchange says 1.-The most
striking feature in the situation is that tue de-
mand for refined has continued, since June
l, fully equal TO the supply, which has been reSu-
lated only - the capacity OF fehners: Ihe mar
gin Of protIu between raw and refined has been
such that refiners have pushed their production
to the utmost, ana in New York, Boston and
Philadelphia the refiners have melted close on
to 10000 tons of raw sugar, all of which has
been readily marketed day by day. Prices of re-
fined are about what they were June !, granu-
lated being at See. During all this time the
market for raws has been almost nominal be-
cause refiners had prepared themselves by lay
ing up heavy stocks on spot and ah0at. Retiners
are now reducing their stocks, and ills expected
that good demand for raws Is now very near.
Meantime, holders are patient, their patience be-
ing based upon the moderate supplies visible,
combined with the very low prices prevailing
here compared with other years.
"The opponents of a reduction of the sugar
tariff were emphatic that any reduction would
ha foil rF- nspfa
ton, or by corresponding increase In the ex-
port duty of those countries, but in neither of
these respects have their predictions been veri-
ned Inc consumer OF raw sugar has got the full
Deneht OF the reduction IN our duty, aud yet the
next time the duty Is up TO be reduced the same
arguments will be sure to be advanced.
Large purchases haT1 uecrt hiistit1 IN London OF
low-grade sugars at very cheap prices for Ameri-
can refiners' account, being such goods as have
hitherto been practically excluded by our tariff,
and which have accordingly gone to the English
markets. The season is about over in Cu0a;
stocks are diminishing :here, and are now quite
small. Holders firm, and, owing to the pres
ent dullness here, shipments are very light. The
crops, it is now thought, will be 125, 900 TO $780,
900 tons less than year ago. In England a
handsome increase is shown in the consum ption,
and whatever deficiencies existed in the importa-
ton of cane sugar have been more than made
up by very large receipts OF beet sugar"
GRAIN.
The local grain markets were in a stronger
position Saturday. Dealers showed more
interest and bidding on Change was more amin
ated. The Board of Trade Price Current says OF
wheat: Local prices cent higher for No. 2
red, and several cents higher for Mediterranean
grades. A total absence of cash offering would
Indicate that sellers prefer holding for the pres
ent, or else the light arrivals make deliveries
impossible. Chicago opened at 81. OF for August,
advanced slightly, but declined to 81. 01ss. Sea-
board is higher and irmer all along the line
from a01se. We quote:
No Mediterranean, track. .-.$107
No Mediterranean, track .---...-----.-. LOG
No. 3 Mediterranean, track ..... 1.04
10 Ieu' track A,V2
NO. 8 ted, TRACK "
July, track Observation-Disclosures. 1.O5
August, track NEUTRALITY-SUSPICIOUS. LOS L
September, track. -----e-.--..-.-- 1.08
Coma very good order demand is noticeable
for this cereal, and all cash deliveries will read
ly bring full quotations. A scarcity of choice
grades was noticed, with slight offerings of lower
grades. Heavy receipts and shipments both at
seaboard and Chicago. Markets elsewhere frmeI
and higher. We quote:
No. white, track. .-....---...--..-.-....-.51
Yellow, track %
High mixed, track ACKNOWLEDGEMENTS
Mixed, track. -....---.--.........-..49
Rejected, track. 40
NO =, track
Oats-Continue firm and we still note a good
local demand. Futures are in some request.
margins too wide to admit of trading. We quote
No. white. track L.
Mixed, track. 81 q
August, track --..-.---..--..-..-.-..-2 %
september. Track ----.--.--.---...---.Z9 Z
Rye-Nothing doing.
Bran-Nothng doing.
Hay-Prime timothy, nothing doing.
GRAIN IN STORE.
July 10, 1888