The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-07
COMMERCE..
Review OF the Local Grain, Produce, and
Provision Markets.

Provision Markets
INDIANAPOLIS, Nov 6.
There more activity in local merchan-
disc circles today, and as the month advances
an improvement in trade ia anticipa Prices
on most lines of goods steady ana firm at
quotations. The general markets, with very few
exceptions, reported quiet, but there is rea-
son to believe that the volume of trade is larger
than the chorus of complaints which is heard on
all sides would lead one TO believe. The remark
able tameness of speculation is the principal
reason why the markets appear quiet. Trade
is always brisk or dull, according as speculation
is active or inactive. Such trade is merely symp-
tomato, and constitutes no real ground for pros
perity When the demand is equal to the steady
and permanent growth of population and wealth,
it responds to the conditions of real prosperity.
For year more we have been simply paying
the penalty of over trading in 1882; but while
the volume of trade may be smaller than il was
at this time last year, 1t is certainly on better
and safer basis. True, the profits are small,
competition being sharp, and there Is
against new enterprises, but the tendency of
things, nevertheless is In the right direction.
As there is plenty of employment for labor, at
good wages, the people are consuming much
ever, and as there is an abundance of food
and raiment at low prices, with plenty of
plant. Grocers report trade better than last
week. Foreign fruits are ffmer. Sugars are
grades advance another &c. The produce mar
Rets are remarkably active. Eggs arriving more
freely; prices steady. Choice butter is selling
well. Receipts of poultry large; prices weak.
GRAIN.
Evidently the bears are losing their grip on
wheat. While there is no boom in prices there
is a more healthy tone to the market. The Board
of Trade Price Current says of wheat The firm
feeling continues. and all concede that the
markets are in better condition. The bearsh
feeling Is weakening, and while we do not look
for large and sudden advances, yet the opinion
prevails that wheat present prices lie good
property. The reports from Europe strengthen
the hope that the export demand from that
country will be greatly increased. Reports also
show large decrease both in weight and guam
tity in the foreign yield, and when the heavy
stocks OF flour and wheat now in sight begin to-
diminish we may look for much freer move
ment of American wheat toward the mother
eOun tries, and the tide of golden grain be ex-
changed for coin. On Change to-day prices
were firm but somewhat dub in tone. Offern rs
light aud arrivals Only fair Futures are in no
request. No markets from seaDoard points in
consequence of elections, so that it would seem
that occasionally political interests rise above
that of grain, even in this day of wild specula-
tions. Chicago is decidedly stronger, being q
alec higher. We quote:
NO. l Mediterranean, track. .S1.07
No. 2 Mediterranean, track. LOB
No. 3 Mediterranean, track 1.O2
30 re sa t ,r.nS lo 90
November and December, track .... l,O1
! CONCENTRATIONS in local markets are being
gradually pushed up but the greatest siren 9Th
is seen in cash deliveries. Futures in no demand
indicating little faith in continued high prices.
Markets at points heard from are all higher and
stronger. We quote:
No. 2 white. track. 40
. n