The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-05-16

chasing power of great portion of our pOpula-
tlOn is curtaied, and thegener8l demand for
goods is certainly no greater than IN 1880, while
the supply of most OF them is largely Increased.
TINS adequately explains the reports OF large
stocks and heavy prices in the great manufac-
tured ana merchandise staples. large crop
would of course this state of affairs all right,
and a fair crop will relieve the situation of any
apprPhensions that cannot be guarded against
by conservatism For this reason II Is important
to know that the crop outlook is encouraging.
The local produce market is reasonably active.
Eggs are IN fair supply and prices steady. But
ter is generally reported dull, and buyers have
the advantages; farmers and peddlers are bring
ing in good deal from the country, and many OF
me retailers are being supplied by the latter.
Prime cheese continues TO move freely, but
poor stock Is neglected; buyers generally want
nothing but the best, and will have no other
kind. The arrivals of potatoes have fallen off
somewhat within the past few days, and the
market is tirmer, especially for good stock. The
continued cool weather continues untavorahle
for green truck and foreign fruits. Provisions
are quite active. For all descriptions OF the hog
product there is n good demand which is steadily
Increasing, and as the weather becomes warmer,
cured will to o considerable extent take the
place OF fresh meats The low price OF common
butter tends to restrict the demand for lard, and
there is a possibility D! the latter declining.
The wool market is active, receipts of the new
clip liberal, and prices firm at onr quotations.
Eastern papers, however, sneak OF the market as
dali and uninteresting. The main trouble is
that there seems to he an over-pTOduotion of
goods, and when manufacturers cannot make
money on their goods at ruling prices of wool, IN
fact are burdened with large surplus of goods
which they cannot sell at all, they naturally
won't buy much wool at any reasonable prices
until there is a change in the wool goods
market. Many manufacturers are curtatllng
their production, and it is difficult to calculate
what the result OF this state OF affairs will be.
While the goods market remains In this de-
pressed condition it will be difficult to place
much wool. but. even if wool should go IIwer,
woOlens Will naturally follow, and unless there
should he an Improvement i'll the demand for
them which would remove the surplus and al
low profit O manufacturers at the lower basis
oil "a nd lfuf
article. we fail to see how the wool market
would be benefited. Added to this is the fact that
considerable foreign wool is now in bond here
and on The way 10 the United States, which will
come on the market ana compete with our
Heeces when the new tariff goes into effect on
July 4.
GRAIN.
The local grain market is steady at quotations,
but dealers show but little Interest, and bidding
on Change is tame. No. 2 red is offered at 81 Is
track, but no ono shows an inclination to pur
chase at that figure. Both corn and oats are
little OIL fo-tay, moro especially lower grades
Bids ON Change ranged rs follows: Wheat-NO
red, $l.1Sl9O. u Mediterranean, SLY, o. l.;
rejected, no bid. Corn-NO. White, 55c; nigh
nixed, 54 AGO. t.; mixed So l9c sound ear. sic;
rejected, soc; understandable, no bid. Oats
62c.
Hay-S1o for prime timothy Bran $40, O. t.;
mlddings, SIG; sh1pstuh, $3.50,
GRAIN AND PROVISIONS AT CHICAGO.
bile supply of grain for May IA: Wheat 6,124,-
600 bu; corn, 6,104, 900 bu; oats, s13, 900 bu
barley. $4,000 bn; rye, 660,0o bu; total 3729,-
600; at the same period last year, 4,753. 900 bu
Regular wheat was fairly active and ruled
lower; opened lsal4c lower, advanced 40lc,
long futures showing the greatest weakness,
aud closed si01c below yesterdays closing
quotations Sales ranged at 81. 11a0l. l2ss for
May, $l.1301.l3A for June, $l15ss01.1614
for July, $1.15&01 1858 for August, $1.15cs0
1.l6Ss for September $1.15401.I7 for October
11hs01.12l4 for the wear; spring, 81. II Aa0
LIZ; winter, $113l20114. On call, sales of
100000 hn regular at the close Of Change, at
1e a 14c lower.
Corn was in o. fair shipping and speculative
business with lower prices; declined SIC early,
and closed $50 Sc below yesterdays close. Sales
ranged at 55l4055Ac for May, Ssh $40 for
Gnst. 6O060&c for September, 53053ssc for
the year. On call, sales of 10000 bu; prices
unchanged to lac lower.
Oats were duh and heavy, with an easier feel
ing, though nominay unchanged. Sales
ranged az Al l404l s2c for May, aga 0423sc for
June, Al l9042c for July, 350351sc for Au-
gust, 33lsc for the year On call, sales of &C, 900
bu; pricrH unchanged to 1sc lower,
Pork was moderately active; declined 50l0c
on tne whole range. Sales ranged at $1OS59
1890 for cash ana May, $40 90D2O for June,
$50. OF 'a02V.20 for July, 800 25 02o35 for An
gust, $50. A. lo620.47l2 for September, $l7. S2la
Drls; prices unchanged at oiac higher.
Lard was fairly active and ruled about the
same as yesterday. Sales ranged at 1lS21a0
IL soc for cash and May, / 80 a l.95c for June
12012.05c for July and August, IL. 90 le0ll $50
for September, 10 olga e5c for the year. On
call. sales OF 1850 tics; prices steady and un-
changed.