The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-08-12
TRADE AND COMMERCE.
A Belief thai the Depression Is Gradually
Passing on.

A Belief that the Depression Is Gradually
Passing or.
INDIANAPOLIS, Aug II.
The local markets opened up to-day fairly act
i've, with bud few changes in quotations; these o.
a frtner character. The impression is steadily
gaining ground that the depression which has
brooded over the market for months is groduaAy
lifting, and a good fan trade is in prospect. Ths
New York Dial Of the eth. in commenting on
the business Of the week, says: I'll horizon Of
the commercial world has not worn as rosy hues
as the bulls had anticipated, and 81 gersie expected
booms in these markets have fallen stifIborn,
like that in stocks. They all seem to be affected
by the malaria of depression still, which has
settled into the bones ana flesh Of commerce and
finance, and cannot be gotten rid of by the i'm
Simultaneous process Of revival by means Of
speculative foree-pumps. These shakes and
feyers go away slowly, as they came, and by re-
storing the natural vitality of the body, not
by administering speculative brandy, Slow and
steady, therefore, must any revival be to be per-
manent. So in stocks, so in produce, 50 in
manufactured goods and in every branch Of bust
ness. There is no patent for restoration for pros
perIty, no matter how much our great financial
quaek doctors, Gould and Vanderbilt and Stand
ard Oil may advertise their magic cures. There
has been no accident to the crops or harvest, and
the prospects of the agricultural world are
brighter day by day. The industrial world has
shown no Improvement and little change of an
unfayorable character since our last. But the
prospects are worse by reason of the proposed
closing of blast furnaces for a month all over the
country, beginning with Sept, !, while amonthis
suspension also of coal mining is probable, un-
less the output shall be piled up one month in
excess of last years stock, which would break
prices. There has been little change ia textile
industries. The general situation has not i'm
opposite, although it cannot be re-
garded as unhealthy outside of Wall
street. kilograms to Bradstreets from leading
trade centers do not mention any special features
of the commercial situation marking a substan-
tial Improvement At various points there has
been some gain in sales of dry goods, groceries
and notions from 5obbers, and brighter antici-
pationS are INDUCED in respecting the fall trade.
This is true to a small extent in New York, but
less SO at Chicago, where the general drift of the
merchandise markets is not yet to a higher level
In the matter of the volume of transactions and
margin Of profit. At most of the large Eastern
cities the same holds true. At a number of the
been rather more activity, and a better feeling
exists among merchants.
GRAIN.
The market opened tame; attendance on
Change small; bidding lacked animation. The
0ONrA VI IGhuc TIC 10rf6lJs odyb Vi hAcdG'
Local markets continue to show a weak tone and
very little speculative feeling is noticeable. Mil
es are buying as needs require, and shippers
working principally on order demands. Arrivals
liberal, but grading about the same. New York
at noon was steady Baltimore 10 lower and Chi
cago &c lower. We quote:
No. i Meditesranean
No. Q Mediterranean.
NO. RED
No. . red,
Kelecteq7
September
October.
Corn-We can't say much about this cereal as
hardly enough arrives 10 make market. Choice
grades still command full quotations. Poorer
qualities viii also find ready purchasers at the
top notch. Futures have no friends: while the
growing crop Is undoubtedly very promising, yet
the remarkably cold nights during the past
week have had a tendency to stunt its growth,
and possibly affect in some sections its final
yield. New York at noon shows a decline of lie;
Baltimore nominal, and Chicago &c lower than
Saturday. We quote:
No. 2 white, SO
yellow. "a
High mixed. 52lo
y 3 21A2
no. SO
TO: n, 2 DAN
Rejected 40
Understandable al
Sound ear. So
Oats-For local consumption, all cash deliver
les will easily bring full quotations. A number
OF samples of new crop show oats to be stained
on account of severe rains about the time of IL
pening, causing what should pass for NOT White
to grade rejected, making quite a difference ia
values. We quote:
No. 2 white 81
Old mixed. 33
August. ..-... 25A
Rye-No. q quiet, 53c bid: no sellers.
Bran-Steady; $40. 80 bid none offered.