The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-12
INDIANAPOLIS MARKETS.
The Outlook Promising, and n Fair Volume of
business in Progress.

The Outlook Promising, and Fair Volume of
business in Progress.
INDIANAPOLIS, Aug. IL.
Unquestionably there is better tone to trade
the last few days; while there is no boom in
business there is better movement in nearly
all departments. The crop of new wheat is
moving briskly and greatly increasing the
| amount of money in circulation in this immediate
vicinity. There is, it is said, some $50 car
loads of grain coming on to this market daily,
gathered within a radius of seventy-fv miles,
largely, and by next week the new
oats crop will begin to move, and
still further increase business with the rail
roads, and in its trail comes general improve
ment in trade. Grocers report sugars hrmer,
but our quotations still cover the prices. Coffee
is firm with scarcity of desirable styles. Dark
green, bright coffee is specially scarce and
brings better figures. in proportion, than less
desirable grades. Rice and syrups
changed. In hog products a better tone is no
ticeable. There is good demand especially for
short ribs. which advanced slightly again to day.
The produce markets are fairly active. j. f..
Sullivan, in his Price Current, says of butter:
Receipts good, sweet stock of all kinds sell
readily at the advanced quotations. Lower
grades about the same as last week. Eggs-we
note no change either in receipts or price. but
we will say Oh account of the intense hot weather
losses are very heavy on all eggs arriving Quo
tations 10 cents candled. Poultry-The East
ern market is completely demorazed young
chickens on account of heavy receipts from all
over the Yves. and Northwest, and fowls are
but barely steady We are again compelled
to lower prices" The New York Shipping
List says of the commercial situation: 1.-THE out
look is promising, and business men are buoyed
up with hopeful anticipatons respecting the
autumn demand, that in another week ought to
accomplish some substantial results but thus far
the actual movement of trade at this center has
not responded to the favorable influences that
seem to be developing in almost every direction.
Sull, it cannot be denied that she prospect Is
gradually Frightening, and the kuOyant temper
that SO generally prevails must be accepted as an
evidence of increasing confidence. Ii requires no
special pleading to show how mach the present
prosperous condition Of the crops means towards
substantial recuperatiOn in trade and industrial
interests. We essentially an agricultural
people, and the productions of the soil are of
paramount Importance in all that relates to our
commercial prosperity. Primarily, therefore,
an unprecedented cotton crop. an over abundant
yield of corn, suffciency of wheat oats. rye
and other agricultural products are the foundation
stones for activity i'll trade, and a general
quickening of almost every industrial interest.
Add to this the financial SOunduesS of the
country, the long practice of economy and thrift
that has hquldateG Indebtedness, contracted
credit, and eliminated whatever there was of un.
healthy trading, and the conditions could scarcely
be more favorable than at present for taking
advantage of the revival of commercial affairs
that is awaited withso much anxiety and hope
full expectation"
GRAIN.
The local market was a little tame today.
The Board of Trade Price Current says of wheat:
Local markets rule easier and demand is not
quite active. while offerings are more free.
Futures dull; light bids and no sellers.
Receipts continue liberal. Visible supply
shows increase of 738, 291 bushels. We quote:
No. Mediterranean O. OBSERVATION-DISCLOSURES. 95
NO. red. o. t.--- "a q
No. 3 red, o. ACKNOWLEDGEMENTS. 81
Rejected O. Observation-Disclosures. rs
Understandable, o. ACKNOWLEDGEMENTS. 80
Corn-Local markets are not so firm as
yesterday and buyers seem only to want enough
TO Eli orders. Futures are not wanted Receipts
only fair Visible supply exhibits the very lal &c
decrease of l,l97, 532 bushels. We quote:
No. l white, o. --.---.---.----.------ ~
No. white, o. t------- 40
No. l yellow o. t 40
No. yellow, O. 40 u
No. mixed ACKNOWLEDGEMENTS. 46
No. mixed, o. ACKNOWLEDGEMENTS. As 81
Oats-Dull, and prices quiet. Very little de-
mand We quote:
No. white, o. ACKNOWLEDGEMENTS. 27
Light Mixed, o. t.-..--.... 25a
Rejected, o. t. ACKNOWLEDGEMENTS. %
Rye-Nominal.
Bran-Dull; $l1 so bid; held at $12 So
Hay-Quiet; No l Timothy, $li.50 bid; No.
2 So 80 bid. No sellers
RECEIPTS BY RAIL PAST TWENTY -FOUR HOURS
Wheat bushels. Observation-Disclosures. AZ 600
Corn. bushels. 5000
GRAIN IN STORE
Aug. TO- 1885.
Wheat. Corn. Oats. Rye.
Il