The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-11-18
INDIANAPOLIS MARKETS.
Rainy, Disagreeable Weather Brings Sing
gish Markets-Sugar and Coffee Firmer.

Rainy, Disagreeable Weather Brings Sing
gish Markets-Sugar and Coffee Firmer
INDIANAPOLIS, Nov. IL.
Owing to rainy, disagreeable weather, trade
to-day was little off. In prices, there were
few fluctuations Coffees MAINTAIN their firm
position and no indications of weakening are APP
parent The sugar market, as WELL is taking on
frmer tone, while advance in prices was es
tablished. The position of Rio coffee almost
takes the breath Of the other trades away. An
advance of almost so per cent In few weeks
This is something that no other trade can 2Qte
IN these days of low prices. The midsummer
price, before the boom, was down in the neigh
borhood of SIC, but to-day fair Rio cannot be
had IN New York for less than 13c. and there are
quotations even little higher. The frmness in
Europe is the principal cause of the firm position
of Rio Coffee though the latest cables confirm
the previous reports of the destruction of the
crop where grown. These reports may be
true and they may not be; at all events they
have had strong effect on the market. There
has been very heavy buying in Europe. For
one day the purchases last week in New York
for Europe were some $50. 900 bags. Eastern
papers report that the tea market continues
dull, and prices are low and paying loss es-
pecially low grade teas which are at the
mercy of the buyers For really good teas there
is fairly good request One two houses
note improved tone to the market within
few days, and they are selling more. The last
New York auctions brought better prices-such
prices as would have brought greater offerings
had the real condition of the market been
known. The latest cables from China are
stronger in Tone and they confirm the shortness
of the late crop Of Formosa teas. 1t is now un-
derstood that the crop this year did not exceed
100000 pounds while that of 1885 was
over 100000 pounds. Regarding sugars,
the Boston Journal says the statistical position
continues favorable so far as consumption is
concerned, there being increase at the four
ports in this respect of upward of $4,000 tons
over the corresponding period of last year, but
stocks on hand at the present time are much
larger than last wear, being 10000 tons against
70, 895 tons in 1885. There is little doubt but
that the present large consumption will continue,
and will keep on increasing with the ranid
growth of our population and the more prosper
| Gus condition of general business This is true
of the home demand. As regards the foreign
demand for our refined sugars, many are in
clined to lock more favorably on the prospects,
and many re6ners believe that the change of
drawback will only be a temporary cause of de-
preston in this particular. The present espe-
cially low prices of afford little or profit
TO the refner. The produce market was a little
fat Eggs, apples and potatoes are in good de-
mand, with tendency to higher prices, while
poultry and butter are in large supply and prices
weak. In the other branches of trade there is
nothing calling for special mention.
GRAIN.
Prices to-day all along the line ruled easier,
and bidding on Change lacked snap. Probably
the unfayorable weather had something to do
with the @slugeshness of the market Prices
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