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


Provision Markets
INDIANAPOLIS, July g.
The general merchandise markets were tame
to-day, and changes in quotations but few. The
egg market is frmer. only candled eggs sala-
Bile Butter continues duh, even for creamery
the demand for which has fallen off as compared
with week ago Cheese is fairly active. bus
prices continue weak. The demand for live
poultry continues TO keep pace with the supply.
and prices are steady as quoted Green stuff
continues fairly active, but under the influence
of liberal receipts prices are easy The reaction
In potatoes has not put in an appearance as yet
and the outlook for the same is not encourage
ing. 1t will not be long until this section of the
country will be able to furnish the market, and
prices will go still lower. The grocery market is
very quiet. Sugars are hrmer East. Coffees steady:
in this market prices are unchanged. The New
York Shipping List OF the 4rh, says of trade:
aside from unwOnted activity in the with
drawal from bonded warehouses of goods which
had been sold for delivery after the tariff became
operative. the merchandise markets present an
exceedingly quiet aspect. But, then, dull trade
Is looked for on the eve OF the national holiday,
and nobody, therefore, is disappointed. The
question which just now takes precedence OF all
others In commercial circles is, What effect will
the new dniea be likely to have upon pricesf
Upon tins point the views of business men are
ut variance. The weight of opinion. however, is
that there Will not be any very appreciable eff
feet at once; hut as the conditions OF trade are
the most part unsatisfactory, the chances
seem TO favor n further shrinkage in prices of a
majority of commodities which are now to come
la under reduced duties. There is a oonsidera-
HE addition to the free list. Quite a number OF
these articles are raw material, and this may
stimulate certain branches uf manufacture. But
complicated are the relations of modern bust
hess that no one can be sure what the effect of
re new law will be until IL has been In practical
operation for some weeks at least. The pros
p cts OF the harvest are becoming more and
more favorable as the season advances
FIFTY years ago, the capital invested in cotton
factories IN This country WAS, in round num-
hrra, SAC, 100000. and the amount of cotton
used was 77,759 3l6 pounds. At present the
capital II $225,000,000, and the material used
793,240,50O pounds. Forty wears ago the
wOnlen factories used so 9Os. 524 pounds Of
wool. turning mt products worth 800. COG 500
In 1880, according TO the census, ls7,6l66O5
ponds Of wDol WIRE manufactured into arteles
worth 1924, 5S7,67l. In the last ten years, our
blk produris have Increased from a value Of
Sl2,210,662 10 $34,4l0,462 Fifty years ago
there were bun few tauueries and no ahoe
factories, In 1880, 4.237 taunerIes using
100000 hi,ies aud 9,06 Loo skins, produced
heather worth $50 100, 1888; while the 3. I5I shoe
factories inrned our articles wOrtu STAG, 7Oi 900
n 1880, the weld Of rhe iron furnaces was ONLY
l6J00b t"ns, in 1880 that OF IRON and steel
works was 1868, 00g tons, worth 1926, 557 ,GS5.
IN but twenty wears, Tho capital employed IN