The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-17
COMMERCE..
Review of the Local Grain, Produce, and
Provision Markets

Review of the Local Grain, Produce, and
Provision Markets.
INDIANAPOLIS, Oct 16.
The general jobbing movement continues fair,
but it does not fulfill the expectation of ar in
creased trade the third week ia October. The
aspect of business thus far this fall shows that
there is general perception of the dangers of
speculation and overconfdence. and that Wig
orous measures are taken to get rid of them.
Some of the measures seem rather severe, but
their effect in the end will undoubtedly be salu-
tary. There were 166 failures in the United
States reported to Bradstreet's last week, six
more than in the preceding week, forty-one
more than in the corresponding week of 1882,
and rorty-nine more than in the same week of
1881. Yet money in all markets seems abund-
ant, and is readily obtained On good paper. and
business men report collections easy, all of
which shows healthy tone to trade Dry goods
men and boot and shoe dealers not COM
planning. and are of the opinion that before the
Iall months are over the aggregate sales will ex-
ceed those of last year. Wholesale grocers have
had less cause for complaint than most traders
this year. Though they may be called upon to
exercise considerable care to prevent bad debts,
they deal in stock that does not deteriorate much
5y Keeping, and if they have resources they can
plde their time, knowing that the public must
come TO them. The strength IN the coffee mar
ket is maintained, but sugars are "a shade firmer.
Produce men are busy. Eggs. cheese, butter
and healthy, fat poultry readily bring our high
est quotations.
GRAIN.
The condition of the flour and wheat markets,
say the veteran dealers, is disheartening. The
sick wheat market has further weakened the
prices of flour. The Board of Trade Price Cur
rent says of wheat that the local markets show
no improvement, and are quoted as dull and un-
inviting Dealers complain of the blockade in
the l., B. & W. yards and its effect is shown by
the bids on Change. which are 1c less, if prop
erty is in those yards. Certainly it would be to
the great advantage of both shipper and railroad
If the blockade could be raised. Local receipts
are still light farmers declining sell at present
prices until they are thoroughly convinced that
The situation will not be improved Seaboard,
New York, quoted as steady; Baltimore Ice off,
while Chieagois Sac higher. We quote:
No. Mediterranean, track 81 .O63
No. Mediterranean, track -..------..--. LOAF
No. Mediterranean, track .-...---...-.... 1929
No. red, track. NEUTRALITY-SUSPICIOUS.. 1.Ol
No. red, track NEUTRALITY-SUSPICIOUS. 81
Mixed, track. 80
Unmerchantable.----.. 81
ReJeGItee 0d
OcJOpef5 TRACK l.OV
Contour home markets seem to be in slightly
better position. The demand for all grades, i'm
mediate shipment, is very fair, with offerings
scarce Receipts light Eastern markets are
higher; New York is DC aud Baltimore SIC from
yesterday. : Chicago shows lsc decline. We
quote;
No. 2 white. track 49ls
Yellow, track Observation-Disclosures. 40
High mixed, track 48
Mixed, track. ALA
W. d, IIdch 40
SOUND ear, track AZ
New November. ACKNOWLEDGEMENTS 40
new DeceHDer 90
Oats-We quote:
No. 2 white. track. 80
Mixed, track 2S
Kye-No. 2, dun; sic bid; no sellers.
Bran-Qulet; $l2 hid; held at $3.50.
Hay-Prime Timothy-In better position and
in active demand; $10.25 bid for choice small
bales
GRAIN IN STORE