The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-06-25

wards retarding traffic, but it has had the effect
of bringing nearly all transactions to q cash
basis a curtailment of credit, and reducing the
probability of increasing bad debts and future
disasters from such cause. While the current
of trade is thus rendered comparatively sluggish
the tone becomes more healthy, and commerce
better able to stand the strains to which
it may be subjected" OF home trade
there is little new to be said. Prices are steady
on a low range, and profits are very small The
egg market, that is for strictly fresh, rules
steady Stale stock not wanted and hard to dis
pose of. Cheese fairly active, but weak in price.
No improvement in the butter trade, and not
likely to be for some time to come, although the
feeling obtains that standard brands Of creamery
will not go much, if any, below present QUOTA
tons. Berries were in light supply to-day and
brought better prices. Potatoes and cabbage In
liberal supply; large receipts. Tomatoes cheap
large arrivals from the South being the cause.
Our merchants generally report an increased de
mand for sugars and our market is steady at
quotations. The Eastern markets were reported
easier to-day, particularly for refined
roasting coffee firm, while the poorer qualities
are dull and in large supply. The wool
market is quite active locally, prices barely sus
tanned. Munger q Avery, in their circular say
the wooden goods industry is, with some eXcep-
tions not in good shape. Manufacturers have
curtailed production, and are doing their best to
meet the requirements of the trade and the de-
mand for finer goods at lower prices; but the i'm
Dealers in wool have not been encouraged by the
result of their business, and if they should be
tempted by low prices TO buy largely in the
West, they will be too anxious to realize to per-
init any sudden advance in prices. 1t looks now
as If the expectation of many, that woods will
reach the low price of 1869 would be realized
but the conditions which caused the rapid adj
vances from the lowest figures of those years do
not now exist. We now produce Except
of the finest quaities) about all
tic bqt
and if the grower and the Western dealer
could hold their supplies in the country until re-
quired for consumption, the marketfor wool would
not be subjected to the frequent violent fuctu-
atoms caused by the anxiety to buy as soon as
clipped, and pushing the bulk of the clip on the
Eastern markets during the summer and fall.
The flour market is tame The Boston journal
of the 21st says: ''We have seldom had duller
week IN the flour trade than the past week.
There is no large stock pressing on the market
and in prices no marked change. The trade
have purchased only in small lots to keep up
their assortments and it is doubtful if liberal
concessions would lead to any increased activity.
There is a feeling that very low prices must CON
tiuue to rule but we do not see how the market
can settle down on a much lower basis. The
best and choicest brands of flour now cost from
3 to 81 cents per pound, and this is cheaper than
such brands were ever sold before"
GRAIN.
Dizziness characterizes the local market. Deal
ers show little interest in wheat and the demand
for corn is less active. The following were bids
on Change to-day:
Wheat-No Mediterranean, 97c; No 2 Med
iterranean, $50; No. 3 Mediterranean, 94c; No. 2
red, Csc; No. 8 red 83c; July, 90c.
Corn-No. white, SOC o. e. Ma white, nom
inal; yellow, no bid; mixed, sic; rejected, 4sc;
high mixed, 52c; sound ear, SOC; No. 3, SOC.
0ats-No. white, 34c; mixed, Bic; light
mixed, no bid.
Bran-$12. 90 +. O. b.
Rye-62c.
Hay-Prime timothy, $11-00