The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-18
INDIANAPOLIS MARKETS.
A Disposition Shown to Take the Bright
Side of the Situation.

6tut OI the cituauOns
INDIANAPOLIS, June IT,
indianapolis merchants are feeling more cheer
full over the situation, and travelling statesmen
report the same to be true with country mer
chants. A disposition is shown to accept the
situation and catch on to whatever business
there is going on. The Chicago newspapers say
that business men there having large dealings
with people living in the country note an inn
portant improvement in the condition of the
farmers and the spirits of the country people in
general They have had to accept low prices for
their wheat but the advance this year has put
some money in their pockets, and much less
difficulty has been experienced in making col
lections than had been expected. Interest on
notes is paid much more promptly than last fall,
and with the economies that have been prac-
tlced and the prospects OF better prices for
wheat, the feeling is hopeful The Springfield
Republican says: 'gThe business men of the
country may thank God and take courage that
the situation is no worse; they may even 20
further and hold little thanksgiving because
the condition of things is so favorable The ap-
proach of the summer has been regarded with
solicitation by MISUNDERSTANDING elements in
various departments of trade, embarrassing
labor troubles, the failure of important indus
tries to recover from longcontinued stagnation,
the unsettled railroad disputes distrust aroused
by the uncertain outcome of the silver issue,
and finally large and increasing trade balance
without the usually attending influx of gold,
presenting an array Of adverse influences that
have made the stoutest hearts quail. In the
face OF all this. returns from nearly all the
clearinghouse of the country for the week end
ing June show a gratifying and wholesome
increase over the corresponding week of last
year. The only cities not reporting o gain are
New York, Providence, Pittsburg and San
Francisco. The falling off is most notable in
the metropolis and is readily accounted for by
the absence Of stock and cotton Speculation, the
market value of the share transactions being
only $40, 0O0, 600 for the week against $138, 000
200 for the same time last year" Locally
prices range much as quoted. For several days
past fruits and We etables of the season are ar.
irving in abundance and sell low Home pro-
auctions begin to crowd productions of other
sections out Potatoes, cabbage, strawberries
and butter never sold at lower figures in this
market than this season. The demand for young
chickens and fat, healthy hens is good
Prices strong. Eggs ofisE. A good many poor
ones coming in. No new features to note in
other markets
Tameness characterized the local market to-
day. On corn only was any spirit shown in bid
ding on Change. The Board of Trade Price
Current says of wheat: Local feeling shows very
little change in demand for cash offerings, but
not much activity is noticed for any grades.
Futures dull. Receipts very light. We quote
No. Mediterranean, o. t.-........ 96la
No . Mediterranean, o. ACKNOWLEDGEMENTS 9512
No. 2 red o. Observation-Disclosures 80
no. D red o. t--------.-----. %
July, o. t-- 30
Corn-Rather firm feeling under light receipts,
and all grades in good demand at quotable
prices. Futures not wanted. We quote:
No white, o. t. 53
No. white, o. t----- 51l2
1eHow, O. D. Observation-Disclosures. 46
High mixed, o. ACKNOWLEDGEMENTS. 46
Mixed, 0. 49, ---------------.--.----. 4512
Rejected No. white, o. ACKNOWLEDGEMENTS. 81
neJecIeo' hgn mixed q. b---'------.---- 80
Sound ear, white o. t. so
SOUND ear, mixed, Q. t 40
Oats-Dull and lower; very slight demand.
We quote:
NO. Whte, o. t---- 30
Llgnt mixed, O. t-- oZl2
Rye-No. 2 continues nominal
Hay-No timothy held at SIG; No 2 timothy
held at $3.50
Bran-Quiet.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Wheat, bushels. 5000
Oats, bushels. Observation-Disclosures. 1000
GRAIN IN STORE
June 16. 1885.