The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-12-16

felt simultaneously all along the line. and may re
suit in the long coveted boom. Seldom does a
week open with so few changes in quotations as
has the present Quinine advanced loo per
ounce, and poultry is strong at quotations, there
being a brisk demand for turkeys. The game
market is quiet and steady, with prices firm but
unchanged. If the weather continues cold. there
will undoubtedly be an active and possibly a
higher market. The fruit markets are steady
and somewha slow, with the trade confined to
small jobbIng orders. There are no important
changes in prices. The Eastern and Western
markets for dried fruits are easier, but there Is
still a good demand at this point at unchanged
prices. There is some Improvement in the tone
of the potato market, and the movement is more
active at unchanged prices. Receipts are light.
Other vegetables are neglected, with prices nomi-
nal, except for onions, which are firmly held.
Millers report the flour market still in an unsat-
i~sfaetory position. The production of flour still
exceeds the demand, and seemingly the only
way to bring about a healthy trade
the New York and Boston markets
are demoralized. The New York Produce Re
porter says: The weakness and depression
that have so long dominated our flour market
has. since this day week, been intensified. A
few millers at the West have expressed a deter
mination to have their flour sold, and to do this
in the present demoraliZed condition of our
market has proved n very difficult task. To
place lines of anykind Of extras further liberal
concessions have been made, and the prices at
which l and 2 extras have been sold indicate a
condition of the market unparalleled in the
history of the trade of the city, Last week the
prices then reached were alarming, but we had
apprehensions of a still. lower depth, ana these
fears have proved to be we'll grounded. 1t is a
satisfaction to us to realize that the existing
state OF the market cannot long continue; as the
current prices are so much below the cost Of
production that the end of this Generalization is
not very far remote. A common-sense view OF
the situation certainly would prompt the millers
to suspend grinding temporarily In whole
or in part" The Boston journal says: 1.-THE
-four trade remains in the same unsatisfactory
condition noticed for some time past Prices
have been steadily declining, and have reached
unreasonably low figures, but still buyers appear
to have little or no confidence in the future of
the market and confne their purchases to imme-
date wants. They have been deceived so often
during the past three months, purchasing at
what was considered a low price to-day, and be-
fore the flour was actually delivered the market
has been constantly touching lower figures.
This a very unsatisfactory state of trade. There
is considerable flour yet to be delivered that
could not be sold except at a decided loss, and
with this condition of things 1T is difficult to con
vince buyers that prices have now touched the
lowest point. The trade purchase on their
Judgment, bat it is not a satisfactory state of
things to find that when they have bought and
contracted with n Western miller to-day at what
was considered bottom prices, the same flour
was offered to their neighbor tomorrow att
to 10 cents per barrel lower. 1t is no wonder
Jn6 Ifduo IS somewhat QenOfallZeQ anu JlaJ
dealers hesitate to purchase even at What may
be called unreasonably low prices.
GRAIN.
The local market is in much the same position
as on Saturday. The Board of Trade Price Cur
rent says of wheat. The firm feeling still con-
tinues, but under light arrivals it is impossible
to note trading. Futures show some interest.
and buyers bidding both for near and forward
deliveries, but sellers fail to materialize. We
quote:
No. 2 Mediterranean o. rs
No. 8 Mediterranean o. INSTRUMENTATION 70
No. 3 red o. 81
December o. 1d's
January o. "
feoruary' O. I5
Corn-No change either in tone or quotations.
An active demand is still noticed for cash deliv-
cries of all grades. Gradable stock is very
scarce, with very light receipts. Futures dull.
is generally lower. We quote:
No. 2 white, new o. SO
3 white, new o. 34la
Yellow, new +. o. SO
High mixed, new f. o. SO
Mixed new o. %
NO. ., o. 90
Rejected, new o. 81
Rejected No. 2 white, new Q. ssh
Rejected II. NJ, new o. "a
Rejected yellow, new 0. 35
Sound ear, new o. 34l2
January, o. 30
Oats-Scarce and firm, with good local de-
mand. We quote:
Light mixedo o. 26l2
Mixed o; 2599i9
Rye-No. 2, dull; 47c bid; no sellers.
Bran-Firm; SLIPS bid; held at+$1I.75.
~Hay-Prime timothy, dull; held at 1925, with
out buyers.
GRAIN IN STORE.