The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-20
INDIANAPOLIS MARKETS.

INDIANAPOLIS MARKETS.
Grocers Experiencing Good Trade-Other
Departments Quiet
INDIANAPOLIS, June TO-
Grocers report trade quite satisfactory as usu-
al, just before harvest. Country merchants do a
good business and this probably affects the
wholesale men. Prices, az rule, are steady
The sugar market is firm at the recent advance
Bradstreet. however, does not look upon the
advance with special favor. Bradstreet says:
1T is evident that the spectators will have all
their work to keep the price of beet where it Is
if the trade adopt conservative course, which
will in all probability be the case under the pre-
vailing circumstances. In looking at the pres
ent sugar situation it is highly misleading to
take the supplies of a single country, as now the
quick means of communication and the low rates
of freight will soon regulate the supply and the
demand The average price of fair refining for
the last fifty years is 81 70. Lowest price in
1848, 81 81; lowest in 1855, 81 60; present price,
So. 90 OF course the prices are in bond. Con-
sdering, therefore, the decreased cost of pro-
duction which has been effected during the last
ten years, it is quite certain that present quota
tons must be fairly remunerative to the pro-
ducer. When this is the case there are always
shipments from parts of the world which, under
other circumstances. would not be made, because
it would prove Improbable. The present stock
OF beet sugar in Germany is the largest ever
known at this season of the year, amounting to
1877, GOO tons. against lob, 300 tons last
year and 1880 tons in 1882 There
is fair distribution of cOffees
in progress. The New York Bulletin, however
reports that the demand for Rio coffee has been
confined to small amounts. wanted for immediate
aud special use and the market still fails to de-
velop any promising features. Indeed, if any
thing, the feeling is tanner, as advices from pri-
mary sources are tame and there seems to be no
chance of an early revival of distribution. Hold
ers make no positive valuation on stocks, but
are evidently in many cases anxious to SELL and
to do so would probably modify the line OF cost
somewhat The fiour market continues void of
new features. The Minneapolis market is re-
ported dull, prices rising only in obedience to
fluctuations at Chicago. and settling heavily
again as soon as that stimulus was removed.
The Millers' Association advanced wheat prices
a total of FIVE cents per bushel during the week.
but very little grain is coming from farmers
hands just now. Receipts will not be large at
present, because last years crop is mostly ex
hausted, and any one who has held over this
long will hold STILL in anticipation of the higher
fall prices, which are expected on account OF
reports from the winter wheat States. Wheat
receipts for the week at Minneapolis were but
422, 600 bushels. The amount in store at Duluth,
Minneapolis and st. Paul has fallen to something
over 8, 600, 900 bushels. Western millers gen
erally look for better prices in few weeks
Receipts of strawberries are falling off; prices
decidedly stronger. Eggs weak at quotations.
Young chickens in good demand.
GRAIN.
A quiet market covers the local situation. The
Board of Trade Price Current says: Wheat
might be considered dull, with very little in
auiry for either cash or futures Receipts light,
and the general market is not in very salts
factory condition, notwithstanding the oft
repeated statements of crop shortage (which, by
the way, are greater than at first supposedly yet
the markets fail to boom, and the prices bid for
extreme forward delivery in all markets would
strongly indicate that much higher prices will
not prevail for some time to come. Perhaps the
large quantity Of old wheat yet in the country
may serve as solution Of the problem. We
quote:
No 2 Mediterranean, &. ACKNOWLEDGEMENTS. 81
No. 3 Mediterranean. O. t--.-----.---..-.--. So
No red o. 90
No. red, o. t---.-- -.--.--..-.-..--.--- 3O
Understandable so
Corn-Under light receipts and with fair de-
mand local prices rule steady, with rather firm
feeling for spot stock. Futures dull and not
wanted. We quote:
No. white, o. SO
No. white o. $780,. Oh
Yellow, o. C. ~
High mixed, q. &c., 4oi2
Mixed o. t. OBSERVATION-DISCLOSURES 4oA2
Oats-Steady quotations, but everything quiet.
We quote:
Nc white, o. t.. 36lo
Light mixed o. L. oh
Mixed O. % y
Rejected, O, t.. OZ
Rye-No. 2, nominal
Bran-Firm; $l2 f. o. b. bid, without sellers.
RECEIPTS By RAIL PAST TwENTY-FouR HOURS.
Corn, busheis ------------------------ 4Soo
GRAIN IN STORE
June l9. 1885.
Wheat. Corn. ! Oats. ! Rye.
-
Elevator A.. "a. SO0f LOU 3.4OOl ooO
Elevator b.. I4,9Ooi l4,4Oof o,SOcl .-----
CAPITAL Elevator l5,O0Ol 5000 o,oOOI -----.
Elevator D.. $500. .----- o,ooOt $1,000.
Total. 77oo 4e,eoo 20, 700 SOC
Correspon' e day
last year. i oo,OOOi IUUol I,VVVl AV,oot
The Jobbing Trade.
CANNED GOODS.
Tu,arcund cams -5AQ0c. 2.nound