The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-02-09

Boston Advertiser says the depressed condition
of the market for several kinds of cotton goods
has led a number of the leading New England
mills to make a radical change in the character
of their productions. For some time the market
price for certain kinds of cotton goods has af-
forded no profit, and the regular demand has
been so weak that the only way to dispose of
aecumulations has been by auction sales. To
secure profit it has been urged by many that
wages should be reduced, but keen judges among
the commission agents Have reasoned that the
amount of goods produced and not wages
should be lessened. By this means prices, it
has been contended, would be stiffened and the
same gross returns made a smaller amount of
material handled. wages meanwhile remaining
unchanged. This latter opinion has prevailed
with several companies and accordingly, they
Will not reduce wages, but will run their mills
from the beginning of the present month for an
indefinite period. on half time, giving the use of
their tenements to their operatives, meanwhile
free of rent, to compensate them for the loss of
wages by half-time work. This will doubtless
help matters The produce markets are quiet
Eggs are arriving more freely and prices are
weak. The same is true of poultry and butter,
only choice bringing full quotations. Grocers
are having dull trade owing to the bad weather
Sugars have been forced up again and coffees are
steady at quotations. The provision market is
quite active and prices strong as quoted Qui-
nine makes another sharp break.
GRAIN.
Wheat, corn and oats were all in a stronger
position to-day. The Board of Trade Price Cur
rent says or wheat Our local markets continue
to advance, and all grades show considerable &C
tivity and all offerings will bring full quotations
Arrivals almost nothing and choice goods scarce.
Futures in good request. but no sellers. New
York is I-Sc higher Baltimore lac to Lee off,
and Chicago lie lower than yesterday. The
visible supply shows the large decrease of l, 1872
079 bushels, indicating ghtreceipts at all points,
and also an improvement in export demand
This continued reduction will stimulate to some
extent the general market We quote:
No. Mediterranean, track. .07
No. Mediterranean. track observation-disclosures. LOG
No. Mediterranean, track. NEUTRALITY-SUSPICIOUS. 1.O4
No. Red track. 1.02 10
No. Red track Observation-Disclosures. %
Mixed, track. ACKNOWLEDGEMENTS 80
hareh, tlack------ LIZ
April, track ACKNOWLEDGEMENTS LUZ
Corn continues firm and under unsatisfactory
receipts all grades find ready purchasers. Offer
ings are very light and dealers find it difficult to
fill orders. Futures not wanted; quotations con-
fined to cash offerings. New York is steady
3-Sc to 5-Sc off at Baltimore, and 3-4c off for
March, and Use for May at Chicago. The re
port Of the visible supply exhibits the large in
crease of l, 1856 $50 bushels, showing large re
ceipts at all points, excess of consumption, and
light exports. We quote:
No. 2 White track Observation-Disclosures 40
No. 3 White track. 4S12
Yellow track Observation-Disclosures. so
High mixed, track ACKNOWLEDGEMENTS 40
Mixed, track 4S12
Rejected, track. ..........-...--..----. 46
No grade nominal track. ACKNOWLEDGEMENTS. 20
Sound ear. track OBSERVATION-DISCLOSURES. As
February, track Observation-Disclosures. AZ
Oats-No weakening visible in local markets,
cash deliveries being in active demand at full
quotations We quote
No. White, track ACKNOWLEDGEMENTS. 50
Light mixed, track SO
Mixed, track So
Rye-No. 2 nominal.
Bran-scarce, higher and strong; $3.50 bid,
none offered.
Hay-Prime timothy, quiet; $3.50 bid, no sell
ers
GRAIN IN STORE.
Feb. 7, 1884