The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-24

They regard legitimate business as old fogy.
The fact ia that the indianapolis merchants
have no reason to complain OF the volume
of business, as the conditions and tendencies OF
trade are very nearly the same in the principal
eenters of distribution from the Atlantic to the
Pacific. 1t is generally conceded that there has
been no diminutinn in the consuming capacity
of the country, the burden of the reports being
that the protracted shrinkage in prices and fall
ures have b~egOtten u feeling of dIstrust; THAT
buyers have adopted the hand-tO-mOuth polley,
and That, with excessive production in some de-
partments and competition IN all, Inc
profits have well nigh disappeared. And yet
things are not quite SO bad as they are some
times represented to be. Reckless spectators
and imprudent merchants and manufacturers
may come to grief, but consumers multiply, and
the exchange of commodities steadily enlarges
year Ivy year. The Boston Advertiser says that
''merchants of the old time may regret the pres
ent way of doing business, but upon inquiry 1T
Is found that transactions are larger than form
erly, and that profits have not all vanished.
The situation is not altogether bad, and energy,
coupled with intelligence and economy, reaps
good rewards" In groceries the coffee market
continues somewhat excited and unsettled, In
sympathy with the advices from New York,
where there has been a boom in progress Tor
some time past. Since the opening of the Cofee
Exchange SPECTATORS have taken hold freely,
and there are 'lOnss' and %'shOrts," "bulls" and
"bears" In coffee lust as there are il wheat and
pork. Some operators say that fair coffee VIII
be pushed up to lac, possibly 15e, while others
predict that reaction The other way is near at
hand. Sugars qniet and unchanged. In produce
eggs and choice butter meet with READY SAFE at
our quotations.. Poultry Is coming In freely;
prices steady. Cheese reported fairly active at
prices quoted. Potatoes have been in excessive
supply all week, but decreased arrivals are
looked for within the next day ortwo, and, II so,
a sitter market for good stock viii follow
GRAIN.
A heavy cloud still hangs over the grain mar
kets. The oldest experienced grain dealers fail
to discover any bright spot in the future. Bid
ding on Change is tame and dealers show but
little interest. The Board of Trade Price Cur
,,,% ,--a@ ~ ,-Io.t. nh. I.,,o aba opa ri
inactive; no trading in any grades or futures.
Offerings continue light, and farmers seem dis
inclined to sell at present quotations. The feel
ing in the direction of firIner prices is not very
strong, and the hammering the markets nave
received all along the line points follower prices.
which are not at all Improbable. New York has
weakened again lac for October and 4c for No.
vember. at Baltimore cash and November are
steady, while Chicago is 12c off for December de-
livery. We quote:
No. l n Mediterranean .S1.O5
No. 2 Mediterranean, track--.--.-.--..... LOB
No. 2 red, 80
Mixed; track 81
December, track LOO
Corn, like wheat. is an uncertain quantity.
OF course, prices will be rather firm under con-
sum- tlVe demand for the present, but with the
grading of the new crop we may look for marked
lower prices. Receipts are light and inquiries
are few. Markets at other points are only "falr
to mlddllng; not prime To choice" We quote:
No. 2 white, asa
Yellow, Asia
High mixed, track 47lo
Mixed, 46a
No. 3, 45l9
Rejected, track 40
Understandable, track. 43
Sound ear, AT
New sound ear, So
light receipts, local demand is
good, with very slim offerings. Futures in no
request. We quote:
~ - - m
NO. white, rack ~
Light mixed, track. 2S14
Mixed, 81
Rejected, track %
No. 2 white, October, %
Rye-No. 2, steady; 53c bid; no sellers.
Bran-Steady; $l2.25 bid; none offered.
Hay-Prime timothy quiet; $3.50 bid; no sell
ers.
GRAIN IN sToRE.
Oct. %. 1888.