The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-07-17

of domestic sugar during the present year is es-
timated at zoo, 0000 600 pounds, and the imports
of sugar during 1883 amounted to 2, 32l, o59, 100
pounds, of which 112 259, 045 came from the
Hawaiian Islands, and was free, and the re-
mainder paid duty. The whole amount of
sugar available in the United States during the
year may therefore be put in round figures
at 2,525, 900, 600 pounds, or forty five pounds
for each inhabitant. The value of the foreign
sugar is estimated at 1914, 94l, $685. so that the
total value of the whole amount of sugar availa
bic during the year is more than 800, 900, 900.
The cheapness Of sugar causes alarm in the
Southern States, and the prospects that the duty
on sugar may be reduced excites the fear that
domestic production will cease. The project to
annex Cuba is especially distasteful to the South
ern people, for that island can be made to pro
duce more sugar than the United States can
consume. The low price is advantageous to
multitude of poor people, aud the proportion of
foreign sugar is so large that the complaints of
producers will evoke little sympathy. Glucose
undoubtedly has some part in the cheapening of
the price of sugar, and how great that part
really is constitutes question for the consider
alton of which curiosity is not the only motive.
GRAIN.
A better feeling prevails, yet dealers are eau
tious. The Board of Trade Price Current says of
wheat The crop estimates are all in, and range
from 375 600 600 to 800 0OO 600 bushels certainly
a suffciency with margin to satisfy both the
bull and bear wing of the wheat spectators.
From exchanges we note that the prices at some
seaboard points during the last week were the
lowest touched in thirty years, and that the quo
tations now ruling in Europe are now about as
low as they have been this century. 1t is also
reported that in most of the European countries
the crop of 1888 was sold for less than the cost of
production. Local markets show no special i'm
proyement; &c., track, was bid for old, while
arrac sNffa ysoH i0an M La II Nry1fh
buyers offering 85c track. Some little improve
ment in receipts but as yet the crop has not
begun to arrive freely. Futures are handled
cautiously. New York. at noon, was steady,
but shaded off slightly later in the day. Balu-
more was 403e lower, and Chicago &c. We
quote
No. Mediterranean -.s..--s..-.s..4.-..t-..-- ~
No. Mediterranean. .--.-.--.....--s.......-- "a
NO. red old 90
No. 8 red .+-.------.-..---l-.---...- 30
August Sol2
Corn-C Choice grades still firm at quotations.
Off grades rather slow sale Arrivals meagre.
Futures not wanted New York, at noon, was
steady; Baltimore ] a. &c higher, while Chicago
was &c lower. Wequote:
No. white. ssh
No 3 white .----..s------..----.s--- DO
Yellow. ACKNOWLEDGEMENTS 81
High mixed No. 40
High mixed rejected ACKNOWLEDGEMENTS 46
Sound ear .--..--.a- --s--4---..----.-4----- %
Oats-Under light receipts all grades, spot de-
livery, win bring full quotations. Futures, I'M
der promise Of large yield, are dull We quote
No. 3 white. ACKNOWLEDGEMENTS 321o
Light mixed ACKNOWLEDGEMENTS 81
11lAed-.--. OIL
Rye-No 2 firm; SIC bid, held at 63c.
Bran-Firm; $1L so bid f 0. b.; no sellers.
Shipstuf- Quiet; $12 IS bid; held at $l3.
GRAIN IN STORE.
July l5. 1884.