The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-29
INDIANAPOLIS MARKETS.
A Fair Volume of Trade In Progress in Most
Departments

A Fair Volume of Trade I'm Progress in Mos,
Departments
INDIANAPOLIS, May g.
Inquiry shows that while the volume of bust
| ness transacted is short of expectation, when
summed up lit is more satisfactory in most depart
ments than would naturally be supposed. Small
margins is the most common complaint Then
what most troubles the producing and Industrial
interests is, that prices do not advance, but re
main at best steady, and often show decided
concessions where sales are large. If the cur
rent prices, low as they may be- disclosed to the
experienced profit sufficient to make continued
production satisfactory, or to induce further eff
forts to increase the facilities of production the
present complaints would soon disappear, for
prices, even moro than profit, are relative rather
than fixed. But the current prices do not mate
rally increase the buying demand, so that it is
naturally argued that the limit of the consump-
tive demand has been reached for the present The
foreign demand, is beyond our influence and the
only question as to that is whether we can afford
to supply it. That we do supply it to very re-
spectacle extent is clear from weekly totals of
exports which keep up to usual figures. The
exports of merchandise from New York for the
week ending the 18th were So 400 600 in value: a
TAR average for this time OF year. And the re-
turns for the whole country for ten months Of
the current fiscal year, July l. 1884, to May l.
1885, show excess of mercantile exports over
imports amounting to $154 000. 00O There is
very little change in the -four and wheat mar
kets- Mlllers, knowing the condition of the
wheat crop, not disposed to make concessions
to secure contracts, but the trade generally are
purchasing only in small lots to keep up assert
ments, and the business has been as dull as for
months past. The speculative movement that
sprang up when was looked upon as Ger
lint has nfn1xv 6sn1 hr<1 -, H
Britain and on this side, and the short crop ad-
vices fail to induce buyers to purchase beyond
immediate wants. If stocks were forced upon
the market now considerable discount
must either curtail production or reduce
prices, as the New York market is already de-
moralized by large receipts of spring wheats for
which there is very little demand. AS milers
are firm In the conviction that prices will be
hlgher we look for a reduced production, espec-
tally as present prices on the seaboard do not
pay cost The Boston Journal says ''the sup
ply of winter wheat -four is very small and it is
no use to send it in this direction, the demand
is limited and present prices are paid with re-
luctance." Some now estimate the falling off in
the crop as equal to 100000 coo bushels, but
harvest is only some five or SIX weeks off, and
the time is near at hand when there can be no
doubt about the matter. If the falling off in
the crop has been exaggerated it will soon be
known, and in the meantime purchases will con-
tnue to be made only for immediate wants We
feel confident that we shall have an excited mar
ket for flour and wheat before many months. In
other markets there is nothing calling for special
mention.
There was an improved tone to the local mar
ket to day, yet the bidding on Change showed
that dealers are inclined to keep near the shore.
The Board of Trade Price Current says of wheat:
In local circles spot deliveries are shade rmer,
l.
Sellers are few and offerings light Receipts
meagre. Futures show considerable inquiry at
quotations. The seaboard markets are quite
varied and while New York is quoted steady,
Baltimore exhibits the marked decline of &c. We
quote:
No. Mediterranean o. t...$1 OOlo
NO. Mediterranean, o. ACKNOWLEDGEMENTS. 50
No. red, o. 97a
no. D RED, o. t. 30
rejected o. t-. 30
May, o.. ACKNOWLEDGEMENTS. SO
July o. ACKNOWLEDGEMENTS. 961s
&A"e"0' y. -----.--".----'---"-.- oo>2
Corn--Local quotations rule firmer, and bet
ter demand prevails. Receipts fair. Futures
quiet We quote:
No. white, o. t. 524
No 3 white, O.. ACKNOWLEDGEMENTS 81 ls
High mixed, o. t-.---.-- 46le
Sound ear mixed, o. t.---.--.----.--.------- 46
Oats-Duil and only slight local demand is
noticed for spot stock. Futures show some eau
tous inquiries. We quote:
No. white o. -------.--..--....--..----. 35
Rye-No 2, held at Zoe, without buyers.
Bran-Dull $40 % bid; no sellers.
RECEIPTS BY RAIL PAST TwENTY-FouR HOURS
Wheat, bushels. 5000
Corn, DuSneis S,4OO
GRAIN IN STORE.
May 81. 1885.
Wheat Corn. Oats. Rye.
Elevator A. -. IL. 100 9.soc 1890 500
Elevator b.. IL 800 6,6O0l 5000 500
Capital Elevator 1S, 900 $1,000 2OOO $1,000
Elevator De-. -----. --.-.l 6,0O0 1890.
Total. 49,. 4o. 900 21.4oo 22,4oo 1000
Correspon'g day
last year.-.--I "a, 00Ol 5000 10000 1900
The Jobbing Trade.
CANEED GOODS
Tomatoes: Two-pound cans, 800S5c; 3-pound,
95c0$1 40. Peaches-Standard, 3-pound, $1.750
200; 3-pound seconds, 81. go; 2-pound stand
Yarmouth, ST. 50; Revere 81. 25; McMurray,
$1.250 al. SO. Observation-Disclosures, 95c0$I 10;
raspberres, 2-pound 81 100 20; pineapple stand
ard, 2-pound, $l.75 so; second do ST 250I3 5
cove oysters 1pound, fullweight 81 O5 al To- light
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