The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-24

II the day Of our Importance as the wheat sup
plying country Of the world is waning the worst
effects have most probably been felt In the de-
preston OF the last two years. We will continue
to grow wheat and manufacture -four and fatten
our cattle and hogs Oh whist is left OF the grain
in the hands Of the miller but our chief reliance
will be on the corn crop This purely American
product Will make this csuntry the chief supply
OF the world for beef and pork. Cotton. once
our great export, can be produced in Egypt or
India wheat can be raised in Russia, India or
Australia, but no country can produce corn in
competition with the United States. Grocers re-
port the sugar market strong and steady. The
circular of Messrs. Willet, Hamlin a. Co. reports
tho receipts at the four ports for the week as 49,
OIL tons as against T. 79 tons in 1884 The re-
ceipts for tho year have been l.042 405 tons
against 020. 742 tons in 1884 an,increase, as
compared with last year, of 81 663 tons. The
sumption OF the United States through the four
ports since Jan.l, exports deducted. has been
9o6,4 lS tons, against 9l7, 223 tons in 1884 an in
crease as compared with last year, of 80, 255 tons
The stock on hand is So SCI TONS against Ill ,939
tons in 1884. decrease of 42.072 tons as COM
pared with last year The moasses trade Is dull.
The stock of molasses at the four ports. at latest
dates, was 8. l57 hogsheads against 1910 hogs
heads in 1884 and 429 hogsheads in 1888.
There has been fair live trade in teas and
prices are steady Grocers are supplying their
wants from week to week, which is an indication
that they are carrying small stocks, and larger
business is expected when the years accounts
are settled. Eastern papers report that there is
no Improvement in the coffee trade. Rio is dull
on the basis of SIC per pound for fair cargoes.
Some round lots of Java have been placed in
New York at 14sc per pound, but otherwise the
business has been confined to jobbing lots, and
in prices no change. The visible supply of Rio
and the stocks on hand at latest dates were as
follows:
Total stock in New York ........-....... 261 ,735
Total stock in Baltimore. ..........79.4 55
Total stock in New Orleans. AZ, 1853
Total stock in other ports Is 0O0-143, 423
Total stock in United States. .405, 1873
In the produce market there is nothing new to
note. Prices on most articles rule low and the
market overstocked
GRAIN.
Dizziness still broods over the local market.
The Board of Trade Price Current says of wheat:
Local markets are steady at quotations, with
slight demand and meager offerings. Receipts
light Futures dull. Markets elsewhere are not
so firm and all grades inclined to dullness. We
quote:
No. Mediterranean. O.. OBSERVATION-DISCLOSURES. 81
No. 3 red, o. Observation-Disclosures. 81
Corn-Some grades will command full prices,
but the general tone is dull and weak. Receipts
are liberal Futures dull and not wanted, only
at nominal figures. We quote:
No. white, o. ACKNOWLEDGEMENTS. "a
No 2 white. o. t.. OBSERVATION-DISCLOSURES. 33
No. white. O. OBSERVATION-DISCLOSURES. 80
No. white. o. ACKNOWLEDGEMENTS 3O12
No. yellow, o. OBSERVATION-DISCLOSURES. 81
No. yellow, O. Observation-Disclosures. "a
No yellow, o. ACKNOWLEDGEMENTS. 1924
No. yellow, o. ACKNOWLEDGEMENTS. 81
No. mixed. o. Observation-Disclosures. "a
No mixed, O Observation-Disclosures. 81
No. mixed, o. t...............-......-. 3O12
Sound ear, o. t. Observation-Disclosures. 3012
December O. OBSERVATION-DISCLOSURES. 32l9
January, o. ACKNOWLEDGEMENTS. 80
Oats-Prces rule easy with fair demand for
cash offerings:
NO. white. o. t. 81
nilAeu, o. u 20 q
Rejected o. ACKNOWLEDGEMENTS 26
Understandable, o. IT, 70
Rye-No. 2, nominal.
Bran-Quiet GIL IS bid; held at $12.
Hay-Quet; choice timothy $12 bid; No. l
timothy, $ll. 80 bid, held at $l2; No. 2 timothy,
$40. so bid.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, bushels. OBSERVATION-DISCLOSURES. 1900
Corn, bushels. "a 900