The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-07-10
COMMERCE..
Review of the Local Grain, Produce, and
Provision Markets.

Provision Markets.
INDIANAPOLIS, July 9.
The general merchandise markets were a little
more active yesterday, but the improvement is,
doubtless, but temporary, as the summer que-
tude is in earnest and no real increase IN bust
ness is expected until early August. Prices in
the main are steady. Sugars hrmer. Eggs,
chickens and butter in good supply, but
quotably unchanged. Potatoes plenty; prices
away off. The provision market is tame; 100000
pounds of short ribs were sold yesterday at &c.
The following sensible article on the outlook is
clipped from the American Grocer: "At the be-
ginning of the year trade prospects were GER
tainly not hatteriDg. Railroad building had ap-
parently been overdone, and orders for iron had
not only ceased, but those which had been 81, en-
in advance were well worked ont. AS conse-
quence the iron and coal industries were de-
pressed, and in the large districts depending
upon these industries trade was dull. The same
thing is true. TO some extent. of other branches
OF manufacture. Production had outrun con-
sumption and markets were in many cases over
stocked, and could only be relieved
oy a decline in prices stimulating
tariff question in Congress still further tended
to unsettle trade, and during the first months of
the year i5 was evident that If these conditions
should be supplemented by bad harvest, a dull
season would be Inevitable and panic proba-
bic. Prudent business men, therefore, began to
take IN san, ana prepare Tor squalls. SIX
months. however, have passed away without
any serious disaster. The crops upon which the
general prosperity so largely depends, and
whlch IN the early spring did lot promise well,
have progressed favorably; and in most sections
OF the country good harvest is now well as
sured Prices of many manufactured and inn
ported goods have declined TO a point lower
than ever before known, and AS consequence,
consumption is rapidly increasing, ana, with the
changes in the tariff, which &C into effect on the
LIST OF July, we look forward 10 a large increase
OF trade accompanied by n general Improvement
IN prices. Merchants in the districts which de-
pend entirely upon manufacturing establish
nents which, for the time being, shut down,
would, OF course, 10 well to buy cautiously. The
ability OF operatives in such districts to pur-
chase Is curtaed, but throughout the country at
large We believe the time has eOme when pru-
dent merchants can with safety and profit
spread e little more sail than it was safe to do
whlle crop prospects were uncertain and the tar
ff unsettled"
GRAIN.
The slight improvement in prices on Saturday
was lost again to-day. Dealers are still at sea
as regards both spot and futures, and are likely
to be until the real condition of the crop is ascer
tanned. The Board of Trade Price Current says
of wheat: Locally, while prices for No 2 red
are lower than Saturday, yet the feeling is quite
firm, and sellers are not inclined to make con-
cessions. seaboard. New York sc off, Balti-
more steady, and Chicago l9c of from satur-
day, both for August and September We quote:
No. Mediterranean, track 90
no. = red, track -----.----------.------.--- 102
July, track lO21a
COrn-We note quito firm feeling for cash
deliveries. Light arrivals We quote:
No. white, track
No. white, track.
Yellow, track. d
nigh mixed, track---- 80
Mixed, Z. o. OBSERVATION-DISCLOSURES. 40
No 2, track ..-.....--............47
Rejected. track -...-...-...-.-.........
unmerchantahle, track --.---....--..---.-35
Sound ear, Track ---.-------..-.--.-..-----46
Oats-Under light arrivals prices are firmer,
and fair demand for immediate shipment, NO
inquiry for futures. We quote:
no. Whlte, track ---------
Mixed, track. -....................3I
Rye-No. 2, dull and nominal; SOC bid: no sell
Bran quiet; 80 bid; held at $1I25.
GRAIN IN STORE.