The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-13
COMMERCE..
Review OF the Local Grain, Produce, and |
Provision Markets.

Review CT the Local Grain. Produce, and
Provision Markets.
INDIANAPOLIS, March IL.
The market opened to-day active. Merchants
are in excellent spirits and good weeks bust
ness is anticipated. An Eastern exchange says
the business situation betrays unmistakable in
dications of an active prospective Improvement,
and there is in consequence a better feeling
among merchants, to which the adjournment Of
Congress, the Improvement in the weather, the
increasing movement OF produce from the
sources of supply and the commencement of
gold shipments from Europe to this country
have largely contributed. There is absence
of speculation in most of the leading articles of
merchandise, and fair returns may be expected
on the regular legitimate trade. Values are gem
orally acknowledged to be low, the purchasing
power is above tho average, especially in the
agricultural districts, and as the crops
come forward the demand for the
neGessaries and ordinary Injuries of life will
naturally Increase. While the number OF fall
ures of late has shown some increase, they nave
been almost exclusively among men who had
overreached their resources ana strained their
credit This class is not now sufficiently numer-
Gus to threaten the banks to imper legiti-
mate business The reports from Great Britain
and Germany indicate shortage in erops and a
good demand for American food staples. The
severe cold of the winter and the spring Hoods,
though they must entail losses on certain local
OF the country. On the whole, the business pros
pect looks much brighter than for many
months. Local markets opened strong: fiuctu-
atlons in values few. Sugars are hrm at
quotations, while coffees little off, though
quotably unchanged The Shipping List of the
10th talks bearish on the bean; saws the market
rules dull and weak, Cable advices from Rio ex-
tend TO the 10th instant, ana although NO Ex-
change dispatch was received yesterday sew
eral private messages came TO hand. According
To the Exchange cable there have been increased
receipts, the daily average being about 1890
bags; small purchases for this country, but hb-
eral buying on European account; decreasing
stock, but no alteration in the cost OF transport
tation. These features were not favorably con
sdered here, aud rather contributed to the easier
tendency of values noted above, especially as the
private cables received yesterday gave the re-
ceipts for the past two days at %, 900 bags The
local iObblng demand has continued quiet, and
iobbers report few orders and slow absOrbtlon of
supplies. Buyers would seem TO be adhering to
the hand-to-mouth principle in the present some
what unsettled condition of the market PREFER
ing to provide only for actual wants. No change
worthy of note in the produce or provision mar
kets.
GRAIN
The grain market opened tamely and con-
tinued so through the day. The attendance GU
Change was slim, and dealers showed little dis
position TO trade. The Beard OF Trade Price
Current SAYS: 1.-THE wheat markets are IN what
might be called a slumpy condition; very fair
export demand from seaboard points, but
markets being relatively five cents higher than
the East, it makes it impossible for our dealers
TO send any grain abroad at present. Some
little local demand. but shippers resting
their oars awaiting developments" We quote:
No. Mediterranean, track ..S1.13
70. feu' crack -.-.---..------------- 1'OSi2
May, track. Observation-Disclosures. LOO
heJecteu track------.- 1OO
Corn dun and quiet not much desire to invest.
Some little order demand, but prices nomlnally
unchanged. Better inquiry for of grades, but no
sales ON call. Futures dull. We quote:
No. white, track. Ala
Yellow, track Observation-Disclosures.
High mixed, track. .......-....-..-......-.-54
Mixed, track -.......- .-.--.-.-....--...-.5 30
Rejected, track
Understandable, track .---.-..-..----.......-4
Sound ear, track NEUTRALITY-SUSPICIOUS.
Oats-steady, with far demand from local
dealers; no inquiries for futures. We quOts:
Mixed, track -.--...-..........--.-.44
htJrcteus track
No. Rye-Dull and nominal 60c bid; no SELL
ers. Rejee ed held at 62c; no buyers.
Bran-Strady; 1928 bid no sellers.
hipstutfs-Steady; held at $3.50; no buyers.
Hay-Prime timothy, held at $l9 to arrive; no
buyers.
GRAIN IN STORE
March g. 1888