The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-09
COMMERCE..
Review OF the Local Grain, Produce, and
Provision Markets
PARIS, Oct

Review OF the Local Grain, Produce, and
Provision Markets
INDIANAPOLIS, Oct. 8.
The general merchandise markets present no
new features. Grocers report coffees strong at
Saturdays advance. Sugars are easier East,
unchanged here. Eggs, butter, cheese and poul-
try are ali firm at quotations, but the tendency
to higher prices seems to have been somewhat
checked. The speculative markets are still I'M
easy. Provisions were weaker yesterday, and
wholesale prices drop again. The grain trade
situation is much the same as for some days
past. The movement from country points has
been moderate, as farmers are generally indiffer-
ent about selling at current prices; but the visi-
BILE supply has increased about 800, 900 bushels.
owing to the light foreign demand. The stock
in sight in this country is now nearly 1000, 900
bushels larger than at this time last year, and
foreign stocks continue in excess of require
ments. Last weeks clearances from Atantle
ports were less than 100000 bushels The drift
OF opinion in The markets aud throughOuJ the
country is IN favor of higher prices, and there is
not much short selling except for quick turns;
but the expected advance Is held In check by the
enormous stocks and the slow demand for ex-
port. In the Eastern markets a large part of
the available supply is held against sales fer fu
ture delivery, the difference in the price of the
options being sufficient to afford premium
over the cost of carrying. There has been
general advance In ocean freghts consequent
upon growing scarcity of Tonnage at all At
lantIo ports, that has crippled exnOrt business in
both wheat and corn. About 100000 bushels
of corn were cleared last week, chiefly to fill
gagged freight room III the regular line steamers
from New York The near approach of the time
for marketing the new crop has influenced
bearish feeling in the corn market. Farmers are
still marketing their old corn freely, but, owing
to the large interior consumption and a moder-
ate movement for export, the visible supply
shows "A decrease of over LOGO 900 bushels since
last statement. The stock III sight, however, is
still more than 5000, 900 bushels larger than at
this time last year.
GRAIN.
There is little that is good to say as regads
wheat. The Board of Trade Price Current says
of wheat: 1.-The local markets are quite sick,
and concessions on the part of sellers would in
dictate that it might yet be sicker No strength
at seaboard, but, Oh the contrary, all points are
lower, with a weakening tendency. Arrivals are
more liberal, and less complaints from millers
heard as to scarcity of good milling stock
Sales OF No, 2 Mediterranean at 81 .O5, track.
Futures duh and in no request" We quote:
No Mediterranean, track .......S1.07
No. 2 Mediterranean, track -...-..... los
No. Mediterranean, track 1O2
No 2 red, track ACKNOWLEDGEMENTS. 1.01l2
No red track. "a
Mixed, track. Observation-Disclosures. 80
Unmerchanta able. track. So
November, track ACKNOWLEDGEMENTS. LOO
Corn, like wheat is lower. There is a fair de.
mand at decline, and sales of yellow We're
made on track al ACC. Futures are in no request,
and very little faith is noticed in high prices and
and forward deliveries. Eastern points are all
lower, ranging from Ae0lc. We quOte
No. white, AZ
No white, track .-.--.----...------.---. As
Yellow, track Observation-Disclosures. 40
High mixed, track 47l2
Mixed, track OBSERVATION-DISCLOSURES 40
No. g. track As
Unmerchantable, track. 40
Sonnn ear, track -------.----. 40