The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-11-16
TRADE AND
Business Looking Up-A More cheerful Feel
ing Among Commercial Men.
-INDIANApoLIs, Nov. Is

INDIANAPOLIS, Nov. 10.
The political atmosphere is clearing up some
what and the uneasiness among business men
regarding the future of trade is giving place to
more confidence and general business, while
nothing to boast, of is improving and a moro
cheerful feeling obtains in local commercial Cir
cles. The slow movement of agricultural prod
ucts is an unfavorable feature and rests as a
cold blanket upon trade. The offer of thirty
cents for corn, seventytwo pounds to the bushel,
does not induce Illinois farmers to hasten the
new crop to market, although the price is sufi-
Gent to make their work profitable. The eoun-
try containsso little old corn that the immediate
consumption of the new crop will be greater
than in ordinary years, and many predict that
the price of cereals generally will increase be-
fore another harvest. The expectation of a rise
in wheat is especially strong, and many thrifty
and sagacious farmers are holding all they can,
suspecting that the succession of great wheat
crops may not be continued to 1888 However,
reports as to the crop now growing are favorable.
In groceries a fair distribution is reported.
Sugars continue duh but unchanged. In re-
gard to coffee the New York Commercial List
says: The large visible supply shown for this
country, which yesterday amounted to 936, 900
bags, in connection with continued full receipts,
seems to neutralize here the favorable features
that obtain in Rio. and handicaps an undertone
that otherwise might develop buoyancy. I'M
porters and dealers are kept loaded up with stock,
and with trade unusually duh there is but little
opportunity for the market to display animation.
The local iobbing demand has been rather slack
thus far this week, and dealers generally report
even less doing than last week. This is due no
doubt to the unsettled feeling in the country
with respect to the uncertainty of the political
situation as well as the fact pointed out above,
that the shipments made to the interior distribut-
ing points direct from recent steamers have at
forded buyers the advantage of selecting from
supplies nearer home In produce trade is a lit
tie slow, the summer-like weather is thought to
be unfavOrable to this branch of trade. Eggs
are arriving freely, and should the present char
acter of weather continue, a break in prices may
be expected Monday. Butter continues dull
with the supply of country grades steadily in
creasing. Poultry, both live and dressed, in
large supply and very dull, and prices are weak
and dropping. Receipts of apples and potatoes
are large. and prices are barely sustained More
especially will this remark apply TO potatoes.
GRAIN.
A cloud still hangs over the wheat market.
while corn is active and oats strong at quota
tons, with light receipts of all cereals. Bids on
Change ranged as follows:
Wheat-No. l Mediterranean, no bid; No. 9
Mediterranean, 75c: No. 8 Mediterranean, no bid;
No. 2 red, 74c; No. 3 red, Csc; November, 10 bid;
December, no bid.
Corn-No. . white, 40c; high mixed, 40c; re-
jected new, 3Sc; sound ear, new, 3G9; No. 3, 38c;
unmerchantable, SIC.
Oats-No. > white, 2Sc, f. o. b.; mixed, 2Gc (.
o. b.; rejected, no bid.
Bran-No bid.
Rye-50e.
H~ay-Prime timothy, $1,000.