The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-09-12

certainly favor better prices than those now
existing. This does not, OF course, make an I'm
mediate rise certain, but il does reverse the
CONDITION OF affairs which has existed for many
months. 1t gives good ground Tor hope and CON
hdrnce The best information seems to show
that the apprehensOns from frost some
what excessive. Reports indicate that the
Southern corn crop is now out of danger; the
middle belt IA nearly so, while there is consider
able peril to the more nOrtherly districts 1t Is
estimated that crop of 100000, 600 bushels
Is now assured beyond peradvenrure and for
withheld 100000 bushels will he added to
that aggregate, making 1000, 600, 900 bushels
at the close of the first week in October. 1t is
not likely that the last named quantity will be
attained, but there is every reason to look for a
corn crop nearly up TO the average. The gener-
al wholesale business Of the nation has moved
steaully, win q manifest growth of confidence
IN the leading branches. Merchants are guag-
ing thelr operations with some caution, as is
Wlse Dul Ihere Ia less dlstrust than was the case
a short time ago and the conditions appear to
be favorable for a gradual and healthful expan-
sion OF wholesale trade. Dry goods and wool,
are moving freely, with some tirmness Observa-
BILE IN prices. The dry goods, boot ana shoe men,
hardware and leather dealers all report
thelr trade quite satisfactory. Grocers as well
nave ceased talking of trade as being dull. The
activity noted in sugars for some days past con-
tlnues, and prices are strong as quoted it is evil
dent that September Will prove to be the big
sugar month. I'm regard TO coffee regular
dispatches from New York quote that market
strong, but wellinfOrmed dealers here are OF the
opinion that prices are not likely to go much
higher Wooden ware higher. BroOms lower.
Business in produce circles is active. Both eggs
aud choice butter are firm AZ prices quoted.
Poultry is coming in more freeIy-prlces steady.
For all kinds of fruits and vegetables there is a
steady demand at quotations.
GRAIN.
The wheat market got another baekset today.
Prices went off sharply ana failed to rally at the
after part of the day The Board of Trade Price
Current says of wheat: The rantankerous
"bull" again suffers defeat, aud his bovine ma
jesUy retires from the field OF conflict badly
worsted. Local markets ais dBll, and cash No.
red is off lie from yesterday. The East suffers
a sharp decline, ranging from Ice to 2l2c. These
sudden fluctuations are injurious to trade, as
dealers are afraid to invest in anything but for
immediate use, and as little as possible of even
that. Arrivals are light, grading fairly. We
quote:
No. Mediterranean, track .....--......S1.10
No Mediterranean, track.---..-...... LOG
NO Mediterranean, track. 1.04
70 reu' track -----..--.--..------' 103
No. red, track. Observation-Disclosures. 90
September, track NEUTRALITY-SUSPICIOUS.. 1.02
OcboDeI, IacK. ------------------------- 1'oo
Corn-The frost may have been on the punk
in" to some extent, but its effect upon the
ripening maize is not perceptible. The weather,
undoubtedly, is the important factor in the corn
question just now as to its price, and the Their
mometer will be closely observed by spectators,
and quotations will be pushed up or hammered
down in conformity to the position of the
mercury Reports from various quarters show
very little damage thus far. Local markets
inclined to dizziness, with offerings Mar
kets at other points show a general decline,
while New York has broken OFF from 1e to Sc.
The bears generally seem 10 be on deck. We
quote:
No white, track 49la
No white, track ACKNOWLEDGEMENTS. 40
Yellow, track. ACKNOWLEDGEMENTS 80
High mixed, track ACKNOWLEDGEMENTS. so
Mixed, track NEUTRALITY-SUSPICIOUS. 40
No. 8, track. Observation-Disclosures. 4S
Rejected, track. Observation-Disclosures AZ
Unmerchan table. 43
Sound ear, track Observation-Disclosures AT
Oats in better inquiry, and at firmer quota
tions. Demand confined TO spot deliveries gen
orally Sales of No. 2 white at 800 +. o. b. We
quote:
No. white, T, o. Observation-Disclosures. 80
Light Mixed track. NEUTRALITY-SUSPICIOUS.. 27I0
NniAou' ~
Rye-No steady, 53c bid, held at SOC.
Bran-Qulet; 81 so; sellers.
GRAIN IN STORE.
Sept. 10. 1888.