The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-01-09
Foreign Money and stoclk Market.
COMMERCE.
Review of the Local Grain, Produce, and
Provision Markets.

| Review of the Local Grain, Produce, and
| Provision Markets.
INDIANAPOLIS, Jan. 8.
| Trade opened fairly active to-day. Taking &C
| count of stock is over. The holiday sluggish
ness has worn off. The new years feeling In
trade can hardly be SAID to have developed yet,
though in some lines cheerful views enter
tanned Dry goods, boot and shoe men, and
| hardware men are talking very encouragingly
of the situation. Grocers, as well, expect
| brisk trade from this on. The last thirty
| days have been unusually quiet times, with
thewhOlesale grocers Coffees are little off again
East: no change in this market, Sugars are re-
| ported firm in this market while Eastern papers
| speak of it as being under peculiar depression
| owing TO the great crop of Louisiana sugar last
| year. The foundations of tine previous year
there experienced, were in respect to losses in
Cured in the sugarregions, compensated for, in
great degree, by the enrichment of the soil
from the deposit of the overlooking water, This
resulted in an unusually prolific yield on the
sugar plantations. The commodity thus pro-
| duced is rapidly being marketed at the West
and Southwest at low rates Until this process
of disposng of what may be called the planta-
ton surplus has ceased, no impro yement IN
prices of Eastern refined sugars is looked for.
The planters have fashion of unloading with a
rush after the new sugar comes on till they have
realized cash enough TO meet their immediate
| necessities, and then, with good degree of for
ttude, they hold on to the balance of their stock
| for better prices. After the rush is over dis
| position to bear the market Will be manifested
| by them. The Boston retineries are not working
| TO more than 40 per cent. of their capacity at
present. and prices of refined sugar are lower to-
day than at any time for thirteen or fourteen
| OF those years. The grain markets,
more especlaliy the wheat market
| is in much stronger position than ten
days ago. The exports of wheat aud -four from
] the seven principal Atlantic ports in the week
ending Jan. were eqpal to zoos, 1874 bushels of
wheat, against ,624,467 bushels in the proceed
ing week, and against 95S, 032 bushels in the
corresponding week of last year. The volume
| OF exports of wheat and -four continues to be
largely in excess Of last year, and, pOtwith-
standing the lower prices, makes "A larger export
value OF those articles The total exports of
wheat and flour from the Atlanuc ports for No
vember and December were equal to $4,000 900
bushels of wheat, against 9,O0o,000 bushels in
the corresponding two months of last year AS
mentioned last week, there is prospect for an
increasing demand in Europe for our bread
stuffs. Bad weather throughout the autumn
sowing season Spd continued destructive floods
have prevented the planting of more thsn two
thirds OF the usual area 81 wheat throughout
Great Britain and western Europe, ana under no
circumstances there be ar average crop
there next summer. In the proa3ce markets
there Is little new TO note. Butter, eggs and
tanned.
GRAIN.
The local wheat market was little off to-
day. and prices ranged a shade lower than on
Saturday, offerings continue remarkably light for
the season of the year. The Board of Trade
Price Current says Eastern buyers do not
to have much faith in the present stability of
recent advance, and decline TO advance limits
sufficient to enable local shippers to invest very
largely for immediate shipments seaboard and
Chicago and interior points are tirmer and high
er. We quote:
No. 2 Mediterranean, track. LOO
No red, track. OBSERVATION-DISCLOSURES "
No. red, track. 81
January, track. 96l2
February, track ACKNOWLEDGEMENTS. 81
Rejected, track. 30
Sales of two cars rejected after a call at 90e,
track,
Coru.-Light arrivals, and generally falling to
grade. Sale OF no grade made call at 40lsc
T. o. b. Sales after CAL Of five cars of unmer
charitable at 45e +. O. b. Considerable stock of
| fered by sample, sellers declining to guarantee
condition. Market elsewhere steady. We quote:
| Yellow, track ....------.---..--..--.-.49
High mixed, track ---..-.-. .--..---$.-...-.49
| Mixed, track.
Unmerehantable, track ....,.----..-....-..43
No grade, track .-----.------..-...-40
Sound ear, track -.-s.-..---------.- ----43
| Oats-Firmer than Saturday, fair demand for
spot, and futures in no request; offerings light.
| We quote:
No white, track
Mixed, track, -36l2
| Reiecied track ....-.......3 "a
| No. 2 rye-Nominal; nothing doing.
Brau-Dull; Sl2 bid held at $13.
Shipstuff-Steady; sales of five cars at S13.
| Hominy Feed-Qulet; held at SIS so; no
! buyers.
Hay-Prime timothy duh; 5000 bid; no sel-
| lers.
! Screenings-Dnll: held at $12 no buyers.
CHICAGO GRAIN AND PROVISIONS.
| CHICAGO, Jan. S.-Wheat was strong and adj
vanced 81 q 7sc above Saturdays closing figures,