The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-15

along in a perfunctory manner and of speeuIa-
ton there is very little. The main thing that
gives an encouraging aspect to the future is
that there is so little faith entertained in an
early revival of trade that il is not likely to be
overdone, as 1t was in 1879-91. The wedding
out process, which has been going on in the
business world for months past, is something
that cannot fail to be of positive benefit in the
end. The condition of our foreign commerce is
more favorable than last year. for while 1t is
somewhat less in volume, the balance Is on the
right side, and gold is coming here from Europe,
a considerable amount having arrived this week
whIe other amounts are on the way We may
c0nndently expect that this flow of gold will
continue during the remainder of the year, for
Europe wants our produce more than gold, and
more than we want her commodities. The last
three months of the year is the time when our
exports are the largest, for it is then that our
COTTON goes out the most freely and breadstuffs
ana pork products are taken in large quantities..
A sharp rise in grain during the week has served
10 lessen the exports somewhat, but it ia seen
that there has been turning point in the pro-
tracted depression in the European markets,
which encourages the hope of an increased out
ward movement. If speculation do not carry
prices too high. On the whole then, there is lit
tie reason for discouragement, while there are
many encouraging features in the situation.
In nearly all branches of business it is taken FOR
granted that the lowest level of prices has been
reached, and any change therefore must be for
the better. These may he considered germs of
returning confidence which is the one thing
needtHl to bring the abundance of the country
GRAIN.
The local wheat market with light receipts,
remains in a strong position. All the other mar
kets were weaker than on Tuesday. Millers are
still troubled to get their supply. Bidding on
Change was quite spirited, more especially on
corn and oats. The Board OF Trade Price Cur
rent says of wheat The markets continue firm;
all offerings will bring full quotations. Milers
say it is about difficult to obtain good milling
quality as to sell flour. Markets at seapoard are
nominally lower, but limits TO local brokers
main about the same New York lea l4c. Balti-
more 140ls and Chicago SEC lower than yester-
day. We quote:
70 reu, track --------.---.--.--.- --.$I.ol
NO red, track. 89ls
NIAeo, Track 30
November track l.Ol
december, track NEUTRALITY-SUSPICIOUS. 1.01 q
"nN"i1 ulach ------s -----.----------..--- Luz
CoFn-The local demand still continues strong,
ana under hight receipts prices are well main
tanned. Some little improvement in the quality
or new arriving, but n great deal is poor stock,
which is hard TO use to advantage. Markets at
New York ana Baltimore are steady, while Chi
cage is SEC lower for December. We quote:
No. white, track. Observation-Disclosures. SO
No. 3, track ACKNOWLEDGEMENTS. 4Sl2
1ellOW, trach Observation-Disclosures. oil
High mixed, track Observation-Disclosures. so
Mixed, track ACKNOWLEDGEMENTS. 40
Rejected, track. Observation-Disclosures. 45
Sound ear ODD track OBSERVATION-DISCLOSURES. 4S
DeceIhoer, brack.- Al
Oats firm and active. Supply not sufficient for
demand. Arrivals light We quote;
No. 2 white track 81
Mixed, track ACKNOWLEDGEMENTS. %
Rye-Quet; 53c bid nc sellers.
Bran-Steady; S12 bid; held at $1325.
Hay-Prime timothy steady; SIS. 80 bid; nc SELL
ers.
GRAIN IN STORE.
Nov IS. 1888