The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-07

Cold Rain Unfavorably Affects Trade-Mer-
chants Hopeful for the Best

Cold Rain Unfavorably Affects Trade-Mer-
chants Hopeful for the Best.
INDIANAPOLIS, May 6. 1885.
With cold rainy day the local markets
drop back into the old ruts but the increase in
trade the few summer-like days has encouraged
merchants in the belief that the volume of traf-
fic this month, with favorable weather, will be
quite satisfactory. Without question, the very
slow approach of seasonable weather has con-
tinued to retard both agriculture and transporta-
ton, and merchants. report in consequence, an
unsatisfactory distribution of goods compared
with what was expected for this date There re-
mains, however, some actual improvement over
the state of affairs existing at the close of last
year, and more Importance is attached to this
than to the fact that the spring trade has
not so far, equaed the spring trade of 1884 In
deed, II it had not been for vague expectations
aroused by prospects of war between Russia and
England, it is probable that the slow recovery
now in progress would have given general salts
faction. Locally there are no special features
to note. The sugar market retains its strength
The circular of Messrs Willett Hamlen 81 Co.
gives the receipts at the four ports for the week
ending May at %, 045 tons, against % 247 tons
In 1854 The receipts since the LIST Of January
have been Alb 010 TONS against $50, 282 tons In
1854 The stocks on hand are'l26 10 tons, against
104 705 tons in 1884 The consumption of the
week has been 90 246 tons, against l3, 26l tons in
1884, and since the LIST of January the consump'
ton has been 375. 421 tons, against 345 AT tons
in 1884 Refners stock is Al, 436 tons, against
AZ, 45l tons in 1884, and the total stock in all
hands is 174,21l tons, against lat, l56 tons IN
1884. The consumption, less exports, is still
under last year nominally, but the country is
more poorly supplied with refined than
last year, the confidence of buyers of
raw. sugar in higher prices not yet ex-
tending to buyers of refined. Coffee continues
to move rather slowly. The market is steady at
the late reduction, but an undertone of weak
ness is felt in all quarters. Rio cables Of the I'd
inst were weak The receipts there were 1000
bags and the stock 261, 900 bags. AT Santos the
stock was 260, 900 bags, and the daily receipts
for the week averaged 6, 900 bags. The stocks
in Europe are large and the markets there re-
ported weak. There seems to be an oversupply
OF the bean, and the current growing crop in
Brazil will be, it is estimated G, 000,0 600 bags.
Already the new crop has made it's appearance
at Rio. The total visible supply in the United
States is 616,094 bags and the New York mar
ket was quoted dull to-day at SIC for fair cargoes
of Rio. Taken altogether the statistical posi-
ton and the depressed condition of trade the
outlook is not favorable to high prices this year.
There is no Improvement in the tea trade. Small
lines are selling at about previous prices, but in
voices could not be placed except at concessions,
which holders not willing to make. The
and choice butter are in good demand at prices
quoted.
The local market was in little better shape
to-day; prices were stronger although not quot
ably higher and there was better attendance
on Change. The Board of Trade Price Current
says of wheat Prices have toned up slightly,
and we note very good demand for all grades
cash shipments Receipts meager Shipments
to interior points fair Futures show some in
quiries, but sellers are few. Seaboard continues
weak and is shade lower than yesterday. We
quote:
No. Mediterranean, o. 81 212
No 3 Mediterranean o. ACKNOWLEDGEMENTS. 1.O1ls
No red, O. t.. Observation-Disclosures. 1.O1
No. red, o. t.. ACKNOWLEDGEMENTS. oslo
June, o. t------- ACKNOWLEDGEMENTS 1.01
Corn-All grades are in about the same posi-
tion with good demand and fair offerings. Re-
ceipts light. Futures not inquired for. We
quote:
No. 2 white o, So
High mixed o. to- 40
R Reieo.a o. nnived 4 4s4
Sound ear, white. o. 49, 81
Sound ear, Mixed o. t. ACKNOWLEDGEMENTS SO
Oats steady Cash stock in fair demand. We
quote:
No. white, o. ACKNOWLEDGEMENTS. 3914
Mixed o. ACKNOWLEDGEMENTS. 3714
Middlings-Dull; held at ST., with $13 bid:
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, bushels. OBSERVATION-DISCLOSURES. 5000
Corn, bushels ...---.-.----.--.-..... $500
hye- SUU
GRAIN IN STORE.
May 6, 1885.
Wheat. Corn. Oats. Rye.
Elevator A. -. ID 100 Is 600 $500 500
Elevator B. $1,000 5000 $500 $500.
Capital Elevator 10000 5000 1000 .-....
Elevator d.. 5000 .--.-- 10, 600 1890.
Total ...---.. 80, 10Cl 20, 500 g. 700 500
Correspond day
last year..----l $4,000 ZO,OO0 100000 1900