The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-20
INDIANAPOLIS MARKETS.
The Situation Encouraging-The Provision
Market Now Attracting Attention.
Oct

The Situation Enceuragins-The Provision
Market Now Attracting Attention.
INDIANAPOLIS. Oct. 10.
Locally trade opened fairly active to-day, and
merchants speak encouragngy of the business
situation. The corn crop is now out of danger,
unless that in low lands, where freshet might
do damage now. Indana's next big crop is the
hog crop. Views differ as to the number of
hogs that will come to this market, and regard
ing prices. The coming week increased arrivals
are looked for. For some reason or other, spec
ulation in provisions is confined within narrow
limits, and has been for many months. The
fact appears to be that the mass of speculative
traders are undecided as to the probable future of
values, and BESIDES the average Spectator believes
in quick action. This has not been attainable
recently in our provision market, values ruling
remarkably steady. There are those who be-
leve in lower prices, because they know we are
entering the new packing season with more than
an average stock on hand. and with prospects of
large run of hogs during the winter months
and these believe there must be further shrink
age in values. The fact that packers have not
been enabled to sell much stuff ahead also leads
to the belief land it seems quite tenable) that
they will try and buy their hogs at low prices,
and in order to do so they will be compelled to
hand. there are those who believe in advanc-
ing rather than declining market, their argu-
ment being that tho increased activity in gen
eral trade throug hout the country and general
tendency to better prices for almost everything
will not be without effect on the provision market
Chicago business has been vigorous. Regarding
the hog supply. to the question. HAS the
hog cholera made its appearances" 796 cor
respondents answered no. and l. l13 yes. To
the question, What will the supply up TO Dec.
l consist ofF 7Ol report young 1893 DID, and 334
both. To the question Taking old and young
hogs, are there more or less the country than
at the same date in 1882" 604 report more 819
less and All the same. In other markets there
is little calling for special mention. Sugars are
in stronger position, while coffees a little
off, exactly the reverse of last week. The
poultry market is weak. Hens and chickens go
off another cent
1t was blue Monday in the local market
The Board of Trade Price Current says of wheat:
THE local markets are decidedly sumpy, and
prices show decline of 9c to &c from Saturdays
quotations. Receipts fair with very light offer
ings. Futures dull We quote:
No. Mediterranean O. t. Observation-Disclosures. "a
No. 3 Mediterranean, o. Observation-Disclosures. 90
NO. z RED, o. t.---.- 93l2
CONCENTRATIONS for old corn are steady. The
principal offerings are of new crop. Futures
show bids which indicate low prices-buyers of
fering Gle, with sellers asking 35c, for November
delivery. We quote:
No. / white o. ACKNOWLEDGEMENTS. 43
No. yellow o. D. 4214
No. 2 yellow, f. o. AL
No. 3 yellow, o. t. 40
No. 2 mixed o. t. 4l12
Oats-Quiet with shade lower quotations all
round. We quote:
No. 2 white o. e. ACKNOWLEDGEMENTS. %
Mixed, Q. e. ACKNOWLEDGEMENTS. 2514
Rejected, o. t- .--------.--------------- "a
Rye-No. 2, nominal.
Bran-Quiet; $ll. % bid; held at $1175
RECEIPTS BY RAIL PAST TWENTY FOUR HOURS
corn. ouSheis 1890
Oats, bushels. 10, 600
GRAIN IN STORE
Oct IT. 1885.