The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-06
COMMERCE.
Review of the Local Grain, Produce, and
Provision Markets

Review of the Local Grain, Produce, and
Provision Markets
INDIANAPOLIS, Sept. 5.
Trade is fair, was the general remark to-day
in the merchandise markets, and steadily i'm
proving, and reports from all over the country
show that expectation OF a good fan trade pre-
walls. Purchases, are, however, made with
caution, and new enterprises are entered upon
timidly. Last week brought no important fail
ures, and the total reported by Bradstreet's
was the smallest for any week since October Ia,
1882, and So less than the previous week. A
week is not long enough to establish the conclu-
sion that the failure period is over, but it is
worthy OF note that a month of more than
usually severe tests has passed without adding
to the list of interests attacked by special mis-
fortune. Meanwhile the machinery of trade has
been put in better condition. The labor troubles,
too, have generally ceased. and, whether the
workngmen have secured what belongs TO them
or not, they have returned TO the ranks OF the
producers. Dealings i'll the great agricultural
products have not been active. Operators are
waiting for more definite statistics. There is a
general expectation OF higher prices tor wheat,
bat there is no short interest sufficient to give
the bulls vantage ground for quick turn, and
immediate influences are mainly unfavorable TO
a rise. Advices from abroad however, continue
to indicate small yield, only Egypt and India
the weather is favorable. The temper
OF the corn trade is much the same.
GrOcers report sugars, cOffees and canned
goods firm at quotations. The Rio coffee market
Is reported quiet. The receipts in Rio show a
further falling OFF, the last fortnghtly average
reported being $500 bags daily. just at present
the daily receipts are from 5000 to 1000 bags.
The total stock n w in Rio is 231 900 bags, a
ducton within week of about $4,000 bags. The
market there Is very firm, and is quoted 1sc
higher, regular hrsts being now quoted at 1OlSc.
Well-lnformed importers regard the falling off
IN the receipts TO he rather owing to the action
OF the growers in holding back the crop than TO
any shortage. In Java cotfees the market does
NOT show any material change in the situation as
last reported. OF course, the reports of serious
damage to the island of Java have given a
slightly unsettled feeling to the market,
but later advices from private sources
do not indicate any great damage to
the coffee districts and apprehensiOns are
felt as to falling off in the supply. Still, the
conflicting reports may cause an advancein price
In the West India varieties prices are firm and
the demand is good. Japan teas in good de-
mand and prices are hrmer on the fine grades.
Other teas are active, and Amoys are quoted
higher. The rice market Is quiet. The stocks of
old domestic are about used up, and of foreign
are not large. 1t is yet too early to form any
opinion as to the new crop Carolina rice is wv
offered at &c from samples for future delivery.
| In molasses there is a better demand, without
change in prices, though the market is firm at
last quotations. The produce market presents
no new features. Receipts of eggs are light;
prices nrin Butter and poultry In good supply;
prices steady.
GRAIN.
"Sickest day yet," the common remark
among grain men as regards wheat Dizziness il
| the prevailing characteristic of all markets. The
Board of Trade Price Current says of wheat:
| 1.-THE decline seems to continue with much vigor
and, locally, fail to note any Improvement
| While quotations for No. 2 red remain the same
as yesterday, yet the feeling is dun and weak
Arrivals are fair as to quantity, but poor in quail
| ity. Markets at other points are all lower and
dull, declining lea i4c from opening quotations
Chicago suffers a sharp decline both for grain