The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-07
INDIANAPOLIS MARKETS.
September Opens With Bright Skies and a
Good Trade in Progress.

INDIANAPOLIS, Sept. 5.
The volume of trade the week past has been
quite satisfactory, leading all preceding weeks
of the year, and to say that September opens
with bright skies and is likely to exceed the
business of either of the eight preceding months
of the year is exaggeration. In dry goods
the active trade of the last three weeks con-
tinues. The week under review has accomplished
the largest business in volume thus far this
season, and should it continue growing the month
of September will be the best recorded
for some years The tendency toward
higher prices continues. This may and
naturally does have its effect buy and tends
to increase the volume of sales, and with grow
ing confidence there is every to anticipate
a growing demand Stocks have been run down
all over the country TO minimum, and should
the disposition to increase them to the maximum
generally obtain, the mills of the country will
have work for many months, even after
the surplus has been taken up and at remuner-
alive prices. Collections continue fairly good,
and should improve as the season advances.
In commenting on the grocery market everything
is looking up, and everybody feels more hopeful.
The advance in sugars has been checked; coffees
have advanced; canned goods are held with con-
hdence; drugs active; morphine shows decline
to So q 3 %; hides are stronger and in demand at
advanced quotations Poultry is stronger and
active; eggs grow scarce. and a sharp shipping
demand is forcing prices steadily upward.
The flour market continues tame The Boston
journal says 1.-The price and demand for -four
must be a great disappointment to Western
millers, and the price and demand for wheat
must be a great disappointment to Western
farmers 1t frequently happens that about
much money is obtained for short crop as for a
large one, but since it was ascertained that our
wheat crop is about 150 900 bushels less
than last year, prices have been almost
steadily on the decline, and both flour
and wheat are now lower than for
month or two past While the English market
is apparently firm. the supplies of wheat and
flour are abundant, and the export demand for
that point IS comparatively small. The trade
are tired waiting for favorable turn, and have
submitted to concessions, but without leading
to any considerable business. In the present
temper of the trade it is doubtful if even lower
prices than have been named would lead them
to purchase moro freely. Buyers do not appear
to have the courage to operate beyond immediate
wants either on this side or in Great Britain.
The London correspondent of the New York
Financial Chronicle says: ''Millers. with
the large stocks of foreign -four offering,
maintain their cautious policy of dealing as little
as possible. On the other hard, holders of wheat
are not at all anxious sellers, believing that
prices have seen their lowest, and that the
suit Of the harvest abroad is such as to render
the prospect of an Improvement in values almost
a certainty. Prices of -four have eased off fully
20 cents per barrel during the week, and the
trade are not purchasing beyond their wants at
this concession"
GRAIN.
decidedly blue Saturday covers the local
situation. The editor of the Board of Trade
Price Current, however, shows a disposition to
accept the situation cheerfully. He says of
wheat
'"The doughty bull fieeth away, and behold
he is not, while the festive bear appeareth on
the scene, and in vigorous pursuit of his old
enemy Markets at home and abroad are de-
cidedly sick, and prices, for the time at least,
more than &c, and other grades in proportion.
Among other causes that might be numbered for
the decline, might be mentioned the movement
of spring wheat, which is beginning to find its
able falling off. Futures dull and lower. and
the week closes with prices unsatisfactory"