The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-21

imaginary causes cannot drive them lower, and
in this respect also there is no change for the
worse to be stated. The number of failures
has been somewhat increased and the amounts
involved have also been larger. Had business
been unduly expanded when failure followed
failure in rapid succession on Wednesday, the
result could not have been otherwise
than disastrous. But great as the
sffect on the speculative classes, it is Q mat
ter of commercial pride aud general
congratulation that IN mercantile and manufact-
uiHng circles not single disaster has been re
ported 6rough eonuecfsiyi with wal street.
This proves that if these classes indulgs.- sueh
specplations II is much as they take their enter
tainments, from their surplus, and notfrom their
business capital. Locally groeers report trade
fair Sugars are a lite Off coffees steady. There
IS a fair business progressing in produce circles.
Eggs, poultry and choice butter are firm at our
quotations, but an carly break in prices is highly
probable. Dealers and WOODEN manufacturers
report receipts of wool large; prices barely
steady at our quotations. ThelBoston Journal
III Speaking of The wool markets East says:
1.-The wool market is extremely dull and the
sales have been of limited character. Manu-
faeturers are purchasing wool i'll lots as weSrued.
and are very indifferent abors rnture Supplies.
We can scarcely look for any activity IN any
kind of merchandise when the financial outlook
is so uncertain. In prices there is no material
change, but the tone of the market is easier for
all kinds and the tendency of prices is to lower
rates. Manufactured goods remain without i'm
provement the production exceeds the demand,
and considerable machinery will have to be stop
ped. Some few mills are exceptions, but it must
be admitted that trade in woolens has been very
unsatisfactory for some time past, with no pros
peet of an Improvement Manufacturers, there
fore, take very little interest in future supplies
Of raw material and they appear to feel confident
that prices must continue low for some time to
come. In Kentucky there has been more or less
wool selling at twenty-fiv cents and under, and
the most desirable lots are held at twenty five
and twentysix cents per pound, but the article
moves slowly compared with previous years. AT
other points also very little has been done and
the new clip is decidedly backward. In Ohio
they have had very favorable weather recently,
and unless we have cold snap the last of May,
the Ono clip will be in market earlier than
usual The entire clip of the country is coming
on the market in June and July, and with so
much wool Offering it will be difficult to keep up
prices"
GRAIN
Receipts light, transactions few and but little
interest shown among dealers" covers the local
market. The Board of Trade Price Current
says of wheat: Local markets are dull and life
less, both in feeling and prices. No. 2 red is 1c
lower than yesterday. We quote:
No Mediterranean 81 0614
No. 2 Mediterranean Observation-Disclosures. 1O6
No Mediterranean. ACKNOWLEDGEMENTS. LOB
NO. bed. --------.----.----..---. Log
Corn-Demand still continues active and
prices are higher, We quote:
10 = --OS
talsh nllAed
Mixed. Observation-Disclosures. 81
no o. % .
Rejected --..---..-..--...-..-.5 81
Unmerehantabe Observation-Disclosures. so
Oats-Steady; fair demand We quote:
No = white; ---.,---,-----.----.-.-- ~
l1ghl mixed 90
Rye-Nothing doing
Bran-$l3.50 bid; nothing offered
GRAIN IN STORE.
May 10, 1884.