The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-02-04
INDIANAPOLIS MARKETS.
Trade Fairly Acknowledgements In Good
Spirits.

Trade Fairly Active-Merchants In Good
Spirits.
INDIANAPOLIS, Feb. 8.
In nearly all departments of trade to-day
there was considerable activity. Even the dry
goods men speak of their trade as improving
which Improvement they did not look for until
the latter part of the month. In most lines
prices are firm, and the tendency is to higher
rather than lower prices Grocers are expert
encing a good trade. Sugars are firm, and
higher prices are predicted. The Boston Jour
nal says: 1.-The transactions in sugar have not
been to any considerable extent. but with
gradually reducing stocks and light prospective
receipts there is a frmer feeling, and purchases
are difficult to make except at some advance on
last weeks prices We quote fair and good re-
fning at 5 ZIG to GIG cents per pound. The
current prices at this date last year were to
ST cents, and in 1884 the current rates were 81
to cents per pound. The receipts of the week
at Boston were 2274 tons, all of which was on
refiners' account. The stock is now less than
half OF what 1t was at this time last year.
amounting to 5000 tons. against I6 Al tons
in 1885 and 10, 1872 tons in 1884 Regarding the
receipts and consumption OF stocks, the circular
of Messrs. Willett, Hamlen & Co. says the sta
tistical position continues to improve rapidly in
the United States. Receipts are light. and
stocks in all hands have decreased 4 700 tons for
the week. The only cause of our depression is
the weakness of the European markets which
are laboring temporarily under an accumulation
of stocks and ahoats from Java, which last year
were distributed elsewhere, with very much less
sugar in sight for the future Sixty thousand
tons of total supplies. which appear in
European stocks, were last year in the United
States and in Cuba, and So 900 tons of the afoats
from Java and 90 600 tons OF an excess of crop
in Java, say together 100 900 TONS now appear
in European stocks and afloats, which last year
were still in Java and are not there now Ger
many is the principal gamer in stocks from this
cause, as is shown by the smaller EXPORTS but
sooner or later this inequality of distri-
button will equalize itself, and the total
shortage Of supplies regulated in the end
by the smaller crops of beet countries. Java.
Brazil. Mauritius and the West Indies. except
Cuba, will assert itself in increased value for
sugar. The molasses market is quiet. The stock
of foreign molasses in the four ports amounts to
3, 23l hogsheads, against 8l9 hogsheads in 1885,
and 2.3l0 hogsheads in 1884. The coffee market
presents no new features. The stock and visi-
BILE supply of Rio at latest dates was as follows:
Total Stock in United States. ;--:.--... 4Os, 7s5
A6oat from Rio per steam to Jan. 3d.. 80 600
Afoat from Rio per sail TO JAN 3d. - ia 600
Afoat from Santos per steam and sail
to JAM Z5.- 90, 000.-314 600
Total ;.---.,:--...-..... 72o,7s5
Purchased oub not cleared Tor United States,
July ], 1885. 10000
Purchases to Jan. go 600
Total .--.---------.-.....16 $50 900
Clearances to Jan. 70. 600 900
The tea market is rather tame Prices are
fairly sustained, and holders feel confident that
there will be no necessity for any concessions
The best brands of Formosas are in a particular
~ strong position.
GRAIN
The local market rules steady on all creals,
with an active demand for all articles in the list
Quotations given below are based on the prices
at which property was selling readily to-day.
We quotes
No. 9 red wheat.
No. 3 red wheat. ..........-...... 400
rejected wneat-- ...........-.............76 0S5