The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-06-20

nation are in fairly healthy condition, and the
financial situation ts In every way favorable
The wheat market is lower, owing TO light de-
mand; from abroad and the supply pressing upon
the home markets. For corn there Is fair de-
mand; holders, however, show no anxiety TO
market their grain. Provisions, owing to the re-
cent erash in Chicago, are weak, prices being
merely nominal at present writing SUCH fall-
ures as those in Chicago have really no signif-
canoe In making up summary OF the business
situation, as they mean merely the overthrow,
temporarily or permanently, of one or uioFe gam
blers who have essay ed to control for their own
profit certain commodities, and have failed sig
nally. Themselves defying the law OF
supply and demand and setting up their own
dictates in its place, honest dealers md nothing
to grieve over IN their downfall. No oonsldera-
lions tending toward panic are involved, and
even the effect of the crash on the purely speeu-
failures in the United States reported to Brad
streets during last week; IL more than the
preceding week 81 more than the corresponding
week OF 1882, and los more than the same week
OF 1881. In dry goods, boots aud shoes and
other staple articles the movement is good for
the season, and collections are more than ordl-
narily prompt. Sugars fairly active, and while
the tone OF the market has been rather weak
during the past day or two, prices remain nn-
particularly new to record every how and again
bull movement is attempted, but 1t does not
last long, nor does it amount TO much. The sup
ply is too large to admit or an advance in price.
Eggs are plenty; consumption falling on; prices
tending lower. Butter in large supply; prices
weak. Potatoes, both old and new, under the In
nuenee OF increased arrivals, weaker, aud q
sharp decline within the next week or two 10
not improbable. Straw berries and cherries
were In liberal supply and buyers again had the
advantage; homegrown strawberries have com
menced TO come in freely, and the crop OF cher
RES 10 panning out better than expected The
wool market ia brisk. Receipts have been large
Tor some time past, while the demand East has
been light; no change in prices.
GRAIN.
The local wheat market lie still under heavy
cloud. On Change nobody showed a DISPOSE
ion to trade, and 1t is further noticeable that the
bulls on corn are becoming remarkably few. The
Board Of Trade Price Current takes cheerful
view of the situation, and breaks out in the fol-
lowing poetical vein regards wheat: These
be the days Of unleavened bread for the average
bull. The high prices and short-crOp prophets
have been buried beneath the crash Of tumbling
markets, and for the present, at least, we can
carve on the headstone, ''Hic jaeet bovine
vale, vale. All around the circle the markets are
dull, weak and declining Local markets have
again gone off &c, and buyers only Offering
81. OS for No. red, and want very little Of 1t at
that price, Baltimore, 12c lower. New York
steady for spot but lower for futures, and
Chicago joins the dirge in a key pitched Ssc low
er than yesterday. We quote:
No. 2 red, track. .$10S
July, track. ACKNOWLEDGEMENTS. 1.09
Corn-n this cereal has had any friends re-
Gently, they were not visible to-day. In sympa-
thy with wheat and the general break all along
the line local prices have declined, and SO great
was the indifference on call that it difficult
to obtain quotations. Choice grades were in no
request, while only feeble inquiries were made
for other grades, spot delivery. There very
little local consumption, some of the mills having
closed. The markets elsewhere were decidedly
lower. We quote;
No. 2 white, track
Mixed, track ...-............45
Understandable, track. .---.---.-....-......32
Sound ear, track Observation-Disclosures
Oats, also. have Joined the procession toward
lower prices, and exhibit duh and sluggish
market. We quote:
No white, track. AZ q
Mixed, track. ...---.-.--....-....--.3S
Rye dull, lower and nominal; $40 bid track; no
sellers.
Bran quiet $1,000 bid; held at $11.50.
Hay-Prime timothy held at $3.50.
GRAIN IN STORE
June 10. 1883.