The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-16

A State of Ordinary Activity Has Settled
Down the Markets.


Down the Markets.
INDIANAPOLIS. Oct Is.
After the striking revival of activity in gen.
eral trade. which has recently reminded so
many merchants of the beginning of former
flush times, business has settled down into a
state of ordinary activity This is SO great an
improvement over recent years that there is no
need of exaggeratng it, still less of continuing to
assert as is done in many quarters, that moth
ing In the nature of boom is expected. Bust
ness does not revive in that fashion, does not
pass at once from stagnation to wild and pro
longed excitement; and it is superfuous to speak
OF BOOM when everyone is thankful TO be
only fairly busy. The New York Ship
ping List, in speaking of the business
situation says: ''The slow progress that is being
made with the export trade shows that our prod
uee markets have not reached point to invite
foreign demand. There has been some increase
IN the movement of cotton, and rather more dis
position to buy wheat has been shown, but as
compared with last year there has been very
heavy falling off in this respect, and, con-
sequence, thesfavorable balance of foreign trade
Is slowly melting away. Both exports and inn
ports of merchandise. are less than a year ago.
but the greatest decline appears in the value of
exports The latest reports from the cotton
crop DO not sustain the fiattering promise of two
months ago, still the crop will be large one.
The latest reports of the wheat yield are little
more favorable and the largest crop of corn
ever known is now assured. Western mlllers
are feel1ng more encouraged over the outlook
TOT hour. East there is more tone and snap to the
hour market Trade has not been active and the
transactions have not been to any extent but
buyers have aecertained very emphatically that
they can not make purchases at any concession
from the current rates, and that holders prefer
to hold than sell if full prices cannot be realized
w Wheat has advanced and is comparatively higher
at all points West than -four on the seaboard If
mlliers bought wheat and turned it into -four the
latter could not DO sold in Eastern markets ex
cept at loss. They have had to submit to this
kind of business more or less during the year.
and they now feel that it is about time to stop it.
Contracts have been declined unless full current
rates are realized, and millers now feel more like
debating terms than at any time during the year
The stock of -four in leading markets is compar-
hands, and if trade starts up leading
brands will be comparatively scarce.
but production can be increased so
rapidly it would not take long TO supply the
market. Many of the large Western mills are
now at work largely on foreign orders. The ex-
port demand is not felt in New York or at this
port but, Notwithstanding, large quantities of
flour are being shipped" Locally in the various
branches of trade prices reported steady on
most articles The only change noticeable to-day
is frmer tone to oranges and foreign fruits
generally. Sugars are offish and decline of 3c
will be noted In the produce markets there is
fair activity. Poultry, eggs and choice butter
are steady at quotations, but on large
rivals can hardly be said to be as firm earlier
in the week.
The local market was not in so strong posi-
ton to-day as on Wednesday and but for the
light receipts prices would doubtless be even
lower The Board of Trade Price Current says
of wheat Local prices, in sympathy with mar
kets at other points, are lower. and we note a
dull feeling for all grades and futures. Receipts
light and very little gradable stock arriving We
quotes
No. Mediterranean. @. Observation-Disclosures. 90
NO. Mediterranean. ACKNOWLEDGEMENTS. 50
No. red, o. t-----.----. 95
no req, o. w
Rejected, OF. Observation-Disclosures. "a
Unmerchantable o. 80
Corn-Rules steady at about yesterdays quo
tations Demand generally stimulated by order
requests. Some little demand for new Novem-
ber with sellers asking 36c and buyers Offering
33c track. Receipts meager Wequote:
NO. white, o. -------------.-.---- a
No l yellow, o. t.------.--....-----.-..-. 43
No yellow. o. AZ
No. 3 yellow, o. Observation-Disclosures. al
NO mixed. o. $780, 40
S S ear o. T.. 40
->o" 4NoEcHUer, y. 90
Oats ruled steady under LIGHT receipts Good
demand but few offerings. We quote:
No. white o. t.--- ---..--......-...-.... 2914
llgnt mixed, o. L-----.- 70
Mixed, o. t.. NEUTRALITY-SUSPICIOUS.. 251e
Rejected, o. ACKNOWLEDGEMENTS. "a
October, o. t.---...... rs
November, o. t. 25
Rye-No. 2, nominal
Bran-Steady; $11.25 bid, held at $12f o. b.
bid.
Hay-Dul. with free offerings; choice timothy
held at $l2 IS; No. timothy, $l125 bio, held at
$l2.50 No. timothy, $40 bid; no sellers /
RECEIPTS By RAIL PAST TWENTY FOUR HOURS.
wheat, onsneis. OBSERVATION-DISCLOSURES. LOO
Corn. bushels 600
Oets' Dusneis- ----------."----- o.6UO
GRAIN IN STORE
Oct. Ia, 1885.
Wheat. Corn. Oats. Rye.
Elevator A. -. 1850 2,72o 10, es7 900
Elevator b.. 43 600 1000 9.O0O -.
Capital Elevator 81 600 -..-.. 1000
Elevator d.. 5000 2000l $1,000
Total $500 $780, $50 s.72o 26, 967 800
Correspon'g day
last year. =. lis, zoe 13. 700 al, 100 $500
Jobbing Trade.
CANNED GOODS.
Tomatoes: Two pound cans, 750SOc 3-pound,
95c0S1.4O Peaches-Standard, 3pound. $1.750
200 pound seconds. 81 $50 1 60; cpound stand
ard, 81 .3O01.40. Corn-Revere 81. 10: McMurray.
Sl.IOOl.2O. Blackberries Two-pound 80 O9Oc;
raspberries, 2pound. ST.. 10 0120 pineapple stand.