The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-04-10
COMMERCE..
Review of the Local Grain, Produce, and
Provision Markets

Provision Markets
INDIANAPoLIs. April @.
little more activity was noticeable today in
the general merchandise markets; especially Will
this remark apply to the dry goods and hardware
merchants aud grocers With the advance in
coffees, prices of other articles showed a ten
dency to harden, and a better feeling was no.
ticeable all along the line, which goes to show
THAI only respectable weather is needed to make
business move briskly. The New York Shipping
List of April says Of last weeks trade: While
the week has shown some increase IN the volume
of transactions in the general markets, the move.
nent stil falls short of the average at this pc
riod in more prosperous seasons for the princi-
pal reason that the extreme conservatism and
caution displayed by merchants In granting
credits tends to. restrict operations to
tual requirements. In several branches
of trade the prevailing quietude
is due to a natural disposition to limit transac-
tons as much as possible until the new tariff be-
comes operative, July l. A striking feature of
the business situation is the large movement of
produce from the West to the seaboard, from
which the transportation and other interests are
deriving substantial benefits And this, too, IN
spite of lugubrous reports concerning the in
jury which fall-sown wheat is alleged to have
sustained in some localities. Crop reports at
this stage of the season. 1t is scarcely necessary
10 remind the reader are not entitled to the ull-
est confidence, for the reason that they are very
apt TO be cOlored by tine interests or those VINO
make them. 1t is for the interest Of farmers
who have their old crops yet to dispose of, and
of spectators who are operating for rise In
prices, TO nave 1t appear that the prospect for
The growing crop is the reverse of fattering.
The question of crops is SO important that 1t
may be said TO have a controlling Influence in
commercial circles. A certainty of hountiful
harvest aJ this time would insure a year of bust
ness prosperity. 1t is yet too early, however, TO
form an opinion of the winter-wheat crop that
would be of any value; yet there is nothing to
indicate that 1t Will not be fair average il the
season from this on should prove propitious,
while spring seeding has but just commenced
GRAIN.
The local grain market opened tame and
prices offish. Bids on Change showed that
timid feeling prevailed. The Board of Trade
Price Current says of wheat: Wheat still con-
tlnues dull, with offerings for some grades
shade less than Saturday. Local markets show
the effect of lower prices East Arrivals
markedly light, indicating that either the farm
ers are too busy to haul to market, or not salts
fed with present prices, and are quietly await
ing future Developments Seaboard lower all
around, ranging from l90le. Chicago has de-
elined Zee since Saturday. We quote:
No Mediterranean, tract. 10
No. red, track 1.05l2
no. red -----..--------..--- 1.OO
Corn-In sympathy with wheat is sluggish
and lower. Some little local demand, but only
Mhnbou III sindll Qudutltlts. o6lIeTS VI CuoiCo
grades are very scarce, and only note few
offerings of of grades. Markets elsewhere lower
and generally weaker. We quote:
No. 2 " hite track 48lo
leitoW, dhck---- 40 q
High mixed, track .4S12
Mixed, track -....-..-....-......--.
Rejected, track. .46l2
Understandable, track. OBSERVATION-DISCLOSURES
Sound ear
Oats-Like the rest of the cereals, feels the eff
feet of the pounding, and we note tendency in
prices is downward. Very little demand and
less offerings. We quote:
No. white, track ..43la
Mixed, track OBSERVATION-DISCLOSURES.
Rye-No. 2 rejected nominal Nothing doing.
Bran-Steady and quiet; $14 hd held at SIS.
Shipstuf-Quiet, unchanged; $3.50 bid; held
at S16.50
Middlingg-Dul held to arrive at SIG; no
buyers.
GRAIN IN STORE.
April 7, 1888