The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-23
COMMERCE..
Review of the Local Grain, Produce, and
Provision Markets.

Provision Markets
INDIANAPOLIS, Aug. %.
The general merchandise markets present no
new features Of interest. Grocers report little
improvement in business from day to day, and
when trade increases with them it usually does
all along the line. Sugars are In moderate de-
Inand with prices firm Boston papers report
fair TO good refining at 6 9-16 to ll-16 cents
per pound. In 1882 the price at this time was
z 3-16 to 7 Sic, and In 1881 the price wss z
11-16 TO z 1916 cents per pound. The stock of
sugar IN the four ports on the 18th inst was 1885,,
S04 tons against 113, 103 tons In 1882. RefineTs'
stock in New York is "a ,936 tons against $500
tons last year, and refners' stock in Boston is
1861 tons, against IL 900 tons last year. Total
stock in fear ports in all hands is 177,655 tons,
against us, 800 tons last week. and las, 500 tons
last year. Since Aug. the receipts at four ports
have been 1882 tons from Cuba, 2,745 from
Brazil, Oils from British and French West
Indies, 1875 from East indies, 797 from Eu-
rope, 1856 from Maurltius-total, 1923 tons,
of which 1926 tons arrived to refners, and
1887 tons to importers. Sales for same time
were $500 tons, and total deliveries 81 316 tons,
which includes receipts to refners. Stocks have
increased 1907 tons since Aug. 1.
The visible supply Of coffee on August Is was
5o9,3o9 bags The export from Brazil for the
year ending July 1 was 2,616,4s5 bags to the
United States, and 1,S0S,419 &c Europe. This
indicates somewhat our growing commercial in
terests in Brazil, being nearly double in respect
to this article than combined Europe. The total
product Is considerably greater than in former
years. In the tea trade there ts q moderate
movement with no features that are worthy of
special comment. The auction sales in New York
last week caused o little weaker feeling for day
or Two, but che market subsequently recovered
and closed firm on the better grades of FormOsas
aud Japans. 1t is understood that the London
syndicate Will place no more teas in the auction
rooms after this week. when, If true, will have a
decidedly bracing effect on values all around. The
produce markets are active. While the demand
for egge is b. no means urgent the market for
fresh stock is steady to-day at prices quoted If
the prices quoted in New York are to be relied
on shipments could be made from here to that
point with handsome profit. Butter is generally
reported slow at unchanged prices. Cheese
quiet and unchanged. The receipts OF Irish
potatoes have been on the decline for some
weeks, and with an increased inquiry prices
have steadied up but as yet there has been no
advance. All kinds of vegetables and fruits in
liberal supply and easy in price. The retail pro-
vision trade continues quiet prices weak and
dropping.
GRAIN.
The arrivals of new wheat at this point are
disappointing, During the last four days, QUE
Of 212 cars of wheat reported, 80 have graded
No. 2, % as No. 8, n as rejected, and 1s unmer-
chantable in other words, 123 out of 212 cars
have graded below No. g. Whatever the aggre-
gate volume of the late crop may show, and
however much it may have been underestimate
IN point of volume, it is now certain that its
money value will be less in proportion to the
whole crop than for many years. The bulk of
wheat is undoubtedly greater than many have
estimated, but the supply of good milling pro-
duct will be short. Large stocks of old wheat and
good outputs of good wheat in other sections
may tend to keep the price down, but there is
nothing on the surface to lead to q belief that
there will be any further decline, aud the opin-
Ion OF the most expert statistcians is for slight
advance.
The Board of Trade Price Current says OF
wheat; Local markets are in about the same
position as yesterday. Demand principally con-
fined TO immediate shipments futures are
touched cautiously, dealers evidently uncertain
advance OF yesterday, and generally rules dull
Receipts light grading only fairly We quote:
No. Mediterranean, f. o. b........S 1.09
No. Mediterranean, track. 10y
NO. req, Io.D. ACKNOWLEDGEMENTS EO61e
NO. RED; track OBSERVATION-DISCLOSURES. 9S
August. track ---.-..-..---..---..---....- LOO
September, track ACKNOWLEDGEMENTS. LOS q
Corn-Fairly active at quotations, with rather
freer offerings. No inquiry for futures. Arrivals
only fair, local consumption absorbing large
proportion of receipts, yet we note considerable
shipments to seabOard. New York is 1c lower
and Baltimore sc higher than yesterday. We
quote:
No. white, f. o. b. 49la
No. white, track AZ
Yellow, track. SO
High mixed, track. 40
Mixed, track. ACKNOWLEDGEMENTS AZ
No. 3, track Observation-Disclosures. 46l4
Sound ear, mixed, track .-......-............ as '
August, track. Observation-Disclosures. 4S
Oats-Wh1le arrivals seem to be liberal yet
markets are bare of offerings. Good demand for
No. white, but no sellers. We quote:
No. white, track. 30
Mixed, track 90
Rejected, track OBSERVATION-DISCLOSURES. 247s
Rve-No. 2 nominal; SEE bid.
Bran-Qulet; $l1 bid; held at $11.50.
GRAIN IN STORE.
Aug. 81, 1888.