The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-25
COMMERCE..
Review of the Local Grain, Produce, and
Provision Markets.

Provision Markets.
INDIANAPOLIS, Oct. %.
Trade is improving with the advent of fall-like
weather, and prices, which were lutte oflsh
on Monday and Tuesday, have again become
firm. The f1rmness in values of MANY of the
staple articles is matter over which there lie
favorable comment, as IL indicates that busi-
ness generally is on a SOUND basis The specu-
lative markets remain unsettled, various cir
cumstanees contributing TO the lack of conf
dence. Wall street is as nervous as au old man
who starts at the slightest sound, aud the grewl
Of bear is enough to send a shudder through
the whole list of stocks; the number of business
embarrassments increases. The three great
crops of cotton. corn and wheat are short, but
yet prices are low. Generally, when our cereal
harvests are short, prices rise so that what we
loose in quantity we receive in value, but the
fullness OF the yield abroad this year reduces
the export demand for our products, so that low
prices prevail. Prices of wheat, corn and pro-
visions continue weak without materially af-
fectlng the volume of exports. For the week
ended Oct Is, the outward movement or bread
stuns was 81 per cent. below the figures for the
preceding week and IL per cent. bslow those
for the corresponding week last year. In these
reductions, however, the relative positions OF
wheat and corn were exactly reversed. In the
comparison with the preceding, wheat, inelnd-
Ing flour, shows decline of only 3 per cent.
while corn marks "a decrease OF SO per cent. On
the other hand, when the comparison is made
with the correspondg week of last year, whesJ
exhibits a decline of Al per cent, while corn
displays nearly four-fold increase, the weeks
exports standing at $4,000 bushels this year,
against only 10000 bushels in 1882. There Is
very little change TO note III the position of the
market for either butter or cheese: some dealers
are inclined to the belief that the upward turn
IN the latter has been arrested. The potato
market has been considerably demoraliZed dur
ing the past week, but decreased arrivals are
looked for in the noar future, and if SO, better
good
the sales for some days past have been at a loss
to the owners,
GRAIN.
So we'll does the secretary of the Board of
Trade in his daily Price Current cover the stua-
tion of the local grain markets that further COM
ment by the commercial reporter of the Journal
seems unnecessary. He says of wheat: "The con-
dtion of the market at the present time is
foreible illustration Of the fallibihty of human
judgment. The shrewdest dealers, possessed of
numerous valuable pointers, never dreamed
of such low prices. and the general demoralized
condition OF the wheat market which rules at
present. The country generally long in
cereals, and the bulls, hoping against hOpe,'
chung to investments and loaded up heavier at
each decline, anxiously awaiting turn in the
tide, which never came, but the current set
ssrong in the opposite direction, until prices
reached point at seaboard on last Saturday
which was lower than it las touched for five
wears. The law of supply and demand at the
present day cuts a very slight figure in eontroll-
ing quotations, which is all the worse for both
dealer and consumer. Our local markets to-day
very quiet and steady. Fair demand for
cash deliveries, with only light offerings. Sea-
board is still weak, and shows a fractional de-
cline from yesterday" We quote:
No. Mediterranean. track $1.oS
No. NJ Mediterranean, track .-....-........ LOG
No. Mediterranean, track. -.-.-....-... /. oil u
No 2 red, trace. Observation-Disclosures. 80
No red, track. NEUTRALITY-SUSPICIOUS.. 80
Rejected, track. NEUTRALITY-SUSPICIOUS. 80
Understandable, track 65
December track ------------------ 1.O1
COrn-Local markets rule steady, and under
light receipts we note a very fair inquiry, sup
ply scarcely equaing the demand Markets at
other points are dull and lower. Sales of five
cars new December made on call at 40c track.
We quote:
No.2 white. track. 40
No. white, track. 4S
Yellow, f. o. b.----..-........-. 40
High mixed, track ACKNOWLEDGEMENTS. As Il
Mixed. track ACKNOWLEDGEMENTS At u
No. 3, track Observation-Disclosures. 40
Rejected, track 40
Unmerchant able, track. OBSERVATION-DISCLOSURES "A
New December, track ACKNOWLEDGEMENTS 40
SOUND ear, TRACK 4OA2
Oats firm and in good request. Receipts are
light-not sufficient for local demand. NOinqui-
ry for futures We quote:
No. white, track. OBSERVATION-DISCLOSURES. 291o
Light mixed, track. ACKNOWLEDGEMENTS 2Sl2
Mixed, track. Observation-Disclosures 81 q
Rejected, track. OBSERVATION-DISCLOSURES. %
Rejected No. white, track. 27
Rye-No. 2, firm, SOC was hid for cash. Year
was offered AT soc, while SOC bid for De-
cember and 53c for this year
Bran-Steady; 81 80 bid; held at $l3.
GRAIN IN STORE.
Oct. %. 1888.