The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-22
INDIANAPOLIS MARKETS.
Cooler Weather Stimulating Trade-The De-
preston Slowly but Surely Passing OF.


preston Slowly but Surely Passing OF.
INDIANAPOLIS, Oct. 81.
There appears to be substantial ground for be-
lieving that the depression which has cast a
gloom over the country for SO many weary
months is at last really beginning to pass away
Our merchants, almost without exception, ex-
press themselves as much encouraged over the
outlook for business. No boom is wanted, nor
expected, but should the increase in trade con-
tinue, even at the rate of three months past the
year 1885 will show handsome increase in vol
ume of business over either 1884 1883. The
flour market is in better shape than sixty days
ago, but sales are still quite limited. The bread
stuffs situation exhibits a curious controversy.
In this country there is certain crop of I50,
000 900 bushels in the harvest, and certainty
that if there had not been large supply left
over from last year we should have the smallest
exportable surplus for years. Henry Kemp
maintains in Bradstreets, that the present crop
is sufficient only for the domestic wants, and
for the exports already sent abroad, and
that the exports for the remaining nine months
OF the fiscal year must be drawn from
the reserves of the last crop. But these
reserves amounted somewhere from 100, 900, 900
to 100 000 900 bushels, so that the European
grain merchants looking over here and seeing a
plethoric visible supply refuse to scare. Conse-
quently the American market has got to wait for
the English and continental consumers to reduce
their domestic supplies which are at present
supplemented with imports from India Our
consul at Marseilles, Frank III. Mason. reports
that the French crop is unusually excellent, and
the deficiency of that country is only about 49,
600, 600 bushels. Our own exports of wheat to
France in recent years have ranged from 8, 000,-
900 in 1884 to 80, 600 900 bushels in 1881 The
recent rise in the American market is followed
by feverish and speculative uncertainty,
stoned by the indifference Of our European
toners. In the meantime there is evidence
that our crop has been underestmated and the
millers find that it is unusually deficient in quail
ity A correspondent of the New York Journal
of Commerce reports Dakota miller as saying
that it takes ten or fifteen more pounds of grain
| to make barrel of -four than it did last year
This is true of the Dakota and Minnesota
crop, which was shriveled by the warm
weather of last July Late reports rather
indicate that there is to be large hog as we'll as
corn crop. The provision market, however, is
still offish Packers are preparing to commence
hog killing. kingan IL Co killing
2, 900 to 5000 per day There is much specula-
ton to the number of hogs which will be killed
this season. Charley Wright, who has been
around the Chicago Stock yards and Board of
Trade ever since he was old enough to throw a
club at hog, and who has always been good
guesser as to receipts, says the winter packing
of 1886 will be the largest ever reported. He
also predicts that good hogs will sell in the Chi
| cago market at cents a pound inside Of sixty
days. ''At present prices" said he packers
can make January at little profit, and the out
look is by no means discouraging from the pack
ers standpoint. They generally buy hogs eight
| months of the year at an apparent loss, and l
guess they will come out all right this season
Product is so low, however that the crowd is
little afraid to sell it short.
GRAIN.
The sluggishness which brooded over the local
market on Monday and Tuesday was noticeable
to-day. The Board of Trade Price Current says
of wheat: Prices continue to decline in local
circles, with very dull feeling all around Sell
are anxious to dispose of stocks while dealers
generally are not ready buyers even at lower
quotations Futures were dull and lower. We
quote: