The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-26

the seaboard. A New York exchange of yester-
day says of that market: Contracts have shown
about the usual animation, but with a clear
showing Of weakness from the outset and buy
ers had all the advantage. There is great deal
of the old effort to hold the position up but it is
neither as strong nor successful as heretofore,
and it did not require many contracts to-day to
break the rate off five points at a time. The Rio
dispatch, to-day, was no worse, but Havre broke
down, and tliis was the main influence here with
many sales said to be making on European ac-
count The Offering is thought to come mainly
from long coffee, as operators fear to sell the
market off. The produce markets exhibit CON
siderable life. Receipts of eggs are light; prices
ranging from 30c to 35c per dozen. Poultry
rules strong at quotations; supply hardly
equal to the demand. Hog products firmer.
Note revised quotations. The grain markets
are being watched with great deal of interest.
Wheat for February delivery is nearly III cents
lower at Chicago than it was a month ago. while
May wheat has fallen Il cents. This brings the
present price-S9 "a cents for January or Feb
ruary and 96 cents for May-considerably below
the average price of that market, which was
81 03 "a last year 81 Ia "a in 1882 nearly the
same in 1881 81. 05 10 in 1880, and only SO cents
in 1879 In 1873 it was SO IL cents for May
wheat The yearly average of cash prices has
not been as low for ten years as the February
options are now The bulls have given
up the struggle and withdrawn into the back
ground, but claim that their retirement Is
merely temporary. There seems to be no good
reason, however, for expecting higher prices at
been decreased about 500 900 bushels and that
on passage to Europe nearly 300, 900, there are
35O00,000 bushels in sight here, or IL, 500, 600
more than year ago at this time, with IL, 900 O00
in stock in Great Britain 49, 00O 600 atioat for Eu-
rope, 10000, 900 said to be awaiting shipment in
Russian ports and rumors of promising Aus
trallan and Indian crops. The attempt OF the
spectators to persuade the world that our last
wheat crop was short proved fatally successful,
for European consumers have turned to the
Black sea and India for the supply, which other
wise they might have sought here.
GRAIN.
Light receipts, few transactions, and prices
steady at our range of quotations" covers the
local grain market The Board of Trade Price
Current says of wheat: Steady as to prices; not
much activity as to trading, and feeling some
| what heavy, about covers the ground concerning
local markets. Receipts are very light. A
country miller reports that he expects an i'm
provement in receipts in the near future, because
farmers are beginning to believe that prices will
not be much better for some time, at least. Flu
lures have no friends and little confidence is
shown in them. Seaboard exhibits quite boom,
New York 3-se better for cash, and 1 3-Sc for
May; Baltimore &c higher for cash, and &c for
May, and Chicago is 1-8c higher. We quote
No. l Mediterranean track .-....-..... .$1.O5
No. Mediterranean track -.--..--..--..... LOB
No. Mediterranean track --...--..-...-.-- LOO
No. red track. OBSERVATION-DISCLOSURES. 80
No. 3 red, track. ACKNOWLEDGEMENTS 90
January track ~
Corn-Under light local receipts prices are
fairly maintained, and some activity is noticed
under fair order demand Arrivals light, and
we are glad to report some improvement in the
grading. All inquiries confined to present de-
liveries. Seaboard shows up decidedly stronger
all along the line. New York is 1-8c higher for
cash, and Use for May; Baltimore lie up for