The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-09

immediate wants. yet the indications are that
trade in its various departments will soon be-
come active, and in this belief our merchants are
in good spirits. We have cheap food, quite gen
eral employment, an abundance of money and
full consumption the situation as we enter the
new year is hopeful. Prices can go no lower so
long as there is so large consumption. The pres
ent rate of consumption will continue so long as
the wage classes all have means to purchase By
the time that the spring trade sets in there Is
to believe that the iquidations incident to
the adjustment of business to the present basis
will be ended, and that there will be general
improvement in the situation-one yielding
moderate profit to capital and enter
prise and full employment at fair rates,
port their trade as improving perceptibly
and grocers talk the same way, and a brisk bust
ness is looked for before the close of the month.
Sugars and coffee present no new features In
regard to rice Dan Tallmage's Sons & Co., under
date of New Orleans, Dec. 80 report Our
market has ruled steady for the week, with a
quiet holiday tone until yesterday, when large
sales were made There is considerable inquiry
and more interest manifested in our staple than
is usual for the season. This may be accounted
for from the fact that obbers stocks all over the
country have been allowed to run down to the
minimum at the close of the year, with re-
markably unanimous purpose to I'LL up assort-
ments after the LIST prox. Hence we look for an
active demand and consequent hardening Of rates
after New Years" In produce circles there Is a
fair degree of activity. The receipts OF fresh
tanned, but held stock is dull, with holders all
anxious TO realize. There is no change to note
in the position of the butter market. Fine cheese
quiet but frmer and an advance within the next
few days is not improbable. Dressed poultry in
small supply and selling readily at
prices quoted Dried fruits and beans
very dull, but improved de
mand is looked for before longs Dealers and
millers report the flour market still dull, all
markets overstocked, The Boston journal says
the receipts at that point are much smaller than
for some previous weeks but will make no i'm
preston on the market unless continued for some
weeks to come. The large supply arriving has
been disappointment, especially when 1t Is an
derstood there is no money in the business, and
that mlers have recently scarcely obtained
cost 1t has been stated that many of the mills
have large local trade that pays fair profit,
and that they can afford to ship surplus stocks
here at about cost This may be so. but if flour
sells at cost or less than cost in the great con
Stunning markets, it appears to us there is no
profit IN the business, even if the local demand
is good in the vicinity of the mills However,
what is millers loss is our gain. If our large popu
iation can buy good flour at cost or less then we
have no reason to complain. There is no pros
pect of any improvement. The British and con
tnental markets as dull as ever. These
markets are still overstocked with breadstutfs of
all kinds and our visible supply is larger than
ever before known.
GRAIN
Tameness brooded over the local grain market
to-day Little interest was shown in wheat, and
the request for was less active on light re-
ceipts. The demand for oats exceeds the supply.
The Board of Trade Price Current says of wheat:
We fail to note much improvement in local mar
kets Few inquiries for Mediterranean and No.
red, but only wanted in small quantities. Flu
lures handled cautiously, and not much faith
shown in high prices. Receipts very meagre, and
of poor quality Seaboard shows up dull all
round and exhibits sharp decline of 1-4c for
January. Baltimore 1-2c lower, both for spot
and February, and Chicago is from 1-2034c
lower than yesterday We quote:
No. Mediterranean track. $1.05
No. 2 Mediterranean track .----..--...--.--. Los
No. red track 9914
Rejected. track OBSERVATION-DISCLOSURES so
understandable track ACKNOWLEDGEMENTS 66
March, track Luz
Corn-Shade duller than yesterday, yet quota
tons firm under light receipts, as nearly all
arrivals fail to grade Sellers are very few. and
reaching our market at present would indicate
that the able farmer knows a thing or two, and
is getting rid as fast as possible of damaged
stock while he cribs his choice grain and quietly
waits for a boom in the future. If they all do
the same, perhaps the expected may fail to ma
terialze. We quote
No. 2 white track. Observation-Disclosures. 40
No. 3 white track. 4S
High mixed track. 48
Mixed. track AZ
Rejected, track AT
Unmerchantable track. --.-------.....--..---.. 43
Sound ear, track DC
Oats--In good request and are scarce, local
dealers readily absorbing all offerings at full
quotations. We quote;
No. 3 white track. Observation-Disclosures. So
Light mixed, track. 33l2
Mixed, track. 80
Rye-No. 2, strong and scarce Coo bid none
offered
Bran-Steady $12 bid no sellers
Middlings-Quiet; held at $3.50; no buyers
Hay-Prime timothy, dull; 50 bid no sellers.
GRAIN IN sToRE
Jan. 7, 1884.