The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-15
COMMERCE.
Review of the Local Grain, Produce. and
Provision Markets

review OF the Local Grain, Produce, and
Provision Markets
IND1ANAPoLIs Aug. IA.
In some departments trade is daily improving.
while in others tameness the chief characteristic
The financial troubles Of two banks in this city have
not seemingly affected business there being feeling
that it will act check unhealthy speculation
and in the end produce healthy tone legiti
mate trade. Our merchants confident that the
fall trade will be highly satisfactory An Eastern
exchange says: LAS usual traders begin, when every
thing else fails Them to look to the farmer for relief
They played fast and loose with grain, cotton and
| provisions, and tried to make money in Wall street
and other speculative centers the expense of the
producing classes and laughed the distress of the
public caused by the fictitious prices of of
life, intended not benefit the farmer but enrich
gamblers, and after all their schemes have
gang aglee' they appeal franticaly to the
farmer to save them by sending his grain to market
gaivsnize the speculative eorsss in Vail street into
new life. 1t would that the rascaly spectators
tire world, have digged pit into which they may
themseve fall they are not very careful and bring
lorth fruits meet Tor repentance before many more
suns shall set Many merchants of opinion that
the enforced liquidation caused by of the late
big failures WILL and has already had healthy effect
on legitimate business, and that amid all the forbid
trade Is The farmer i has pone eGo to
slight degree to the Macedonian cry, and exports Of
grain have perceptibly increased especially Bal
timore" Locally the markets are much in the same
Continues & for Of se a ps ant re s9gar n
unchanged; the sugar trade has been very disappoint
for It. advce from New YORK 60 co8
tinue to report firm coffee market, although there
sooner or later, will spend its force. Eggs. butter
demand r s2d prce ss are sd PToT6n e
report business slow and quite unsatisfaetory
GRAIN.
! Another cloud has come the local markets
Prices lower and dealers bid again with caution
| The Board Of Trade Price Current says of wheat:
| Lower pFces seRboard have ma
kets and we note dull feeling with easier quotations
Sellers are more numerous, liberal offerings would
indicate, but the financial stringency local circles
prevents free trading and large dealers holding
off for the present The present decline at Eastern
points has been from 4@12c, with Chicago wheat
| ported steady. We quote:
No. Mediterranean. track.
New No Mediterranean track.."..... LOS
New No. red track lO455
Of lower grades, Feeling dull and weak. Arrivals
We quote:
No. 2white, track........... .................49
Sound ear track 45k
oats-Gqoa demand for old stock while new crop is
not in such free request. Futures dull and in no de-
/ mand. We quote:
New No. white, track
"a 10 whlte,
Rejected track ..... 241s
| Rye-No 2 dull and nominal.
| Bran-Steady; 81 IS bid, held at sll.5o.
| GRAIN IN STORE.
| Aug. 49, 1888.
Wheat. Corn. Oats. Rye.
Elevator A................ l0I.s0 l600 500 e,4Gl
Elevator B................ h54n0 $500 600
Capital Elevator 5000 5000 -. -.
West Elevator. 45O0 1900 1890 2,sOo
Total ..............2l3 200 5000 ~ 100 o. 800
Oorresp day last year ..l2lOO $1,000 1900 1000
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat bush L. 200
Corn, bush 5000
Oats bush. Il,