The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-06-19
Review OF the Local Grain, Produce, and |
Provision Markets

Review OF the Local Grain, Produce, and
Provision Markets
INDIANAPOLIS. June 1S.
The wholesale men speak Of business as being
in volume fully up to their expectations. They
say that the country pursues hand-to-mouth
policy more generally than ever before, but is
prospecting under it. There have been no partic-
uarly bad failures of late, and in some lines the
last ten days there has been a decided improve
ment in business. and there is ample cause for
encouragement The weakness in the provision
and grain markets has not reached other mar
Kets, and likely will not, as they have been run
on less speculative basis. The New York Ship
ping List of the 10th saws of trade: "The pre-
valllng inactivity is incident to the conspicuous
conservatism among all classes of business men
besides which there is a general disposition to
defer transactions not iInperatively necessary
until the new revenue laws become operative
and sonie definite idea can be formed as to the
effect the change in duties will be likely to have
upon prices. Meanwhile, things are not so bad
as they may seem TO superficial observers, or al
they are represented to be by croakers In
spite of the depression of some OF the mannfac-
turing interests and a seasonable curtalnent of
dlstrlouton, the country is constantly gaining IN
material wealth, If many of the people not.
lmml grafton continues, and the tide OF settlers
pan now ssr raplay over me western nils ana
great army of laborers is quite generally EN-
ployed, at such wages as are obtainable in no
other country, and all nature is at work to swell
iSe sum total of human happiness"
GRAIN.
The local wheat market continues to decline,
and there is considerable excitement over the
situation. The bulls are not blue, but predict an
early reaction on Change. Bidding is tame and
traders few. The Board of Trade Price Current
says of wheat that the principal features of
local markets. are indifference and sharp de-
cline. Buyers are Offering 20 less for No. 2 ru1
than on Saturday, and seem to want very little,
even at the decline. The wide margin existing
between buyers and sellers indicates decided
inditterence to trading. Arrivals fair. New York
is steady, ana Baltimore lsc lower, while Chicago
has gone off 1c from Saturdays quotations. We
quote:
No. 1 Mediterranean. sgarH.s..,....$1.15
No. Mediterranean, track. LA
NO Z red, tfacK.-.-. LILO
NO req, traek-..---- 104
Rejected, track ACKNOWLEDGEMENTS. 80
July, Track ACKNOWLEDGEMENTS Ill
Corn-Prices show very little change from Sat-
urday, except for lower and off grades, which
are lower. Very fair demand for prompt ship
ments, but futures in no request Markets at
seaboafd are shade firmeF, while Chicago is
% a A2c lower. We quote:
NO. = WElGe, ITacK-
No. 3. white, track. ..--.-.--..........5
Yellow, traek...".-----.---...--....
High mixed, track ACKNOWLEDGEMENTS
MlAeu' .--.--.-----..--------.--
Rejected, track
NJ 9, - g. avs 'AiNA' ------'--' --'---9H
70 z, track -------------------.--4
NO grade.
Sound ear, track. Observation-Disclosures
Oats dun and lower; local dealers bidding for
smallt Quantities No shipping demand. We
quote:
No white. track. Il q
Light mixed, track. 80 n
Rye-Nouhing doing.
Bran dull held at $11.25; no buyers.
Hay-Prime timothy lower, SO. so bid; none
offered
GRAIN IN STORE.
June I6. 1888