The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-16
INDIANAPOLIS MARKETS.
An Active Trade in Progress and the Situa-
ton Favorable.


ton Favorable.
INDIANAPOLIS, Sept Is.
The general aspect of business affairs contin-
ues encouraging. The improvement is not
equally apparent in all branches of trade, but
there is a growing confidence and a more hope
full feeling generally in commercial circles. The
wool market shows more activity than at any
time in three years past The sales in Boston
last week reached the enormous total of $780,
600 pounds, an aggregate movement unprece-
dented in that market Flour continues lifeless,
with an extremely dull market. The provision
market is more active and Indianapolis dealers
are well cleaned out of their hog products
Since the season began this year there have
been packed 3,6l5.000 hogs-one porker for every
fifteen people in the United States. Exclusion
from foreign markets has not diminished the
greasy harvest, for the increase is 100000 over
last year. The general condemnation by hy-
gienists of pork as an article of diet
goes for nothing in the face of these fig
ures. The grocery market is brisk; margins are
small. however. The sugar market, it is be-
lived. has reached It's highest point. The prod
uce markets have been a little slow tho last
day or two. The lull is thought to De but tenn
porary j. E. Sullivan, in his price current of
and there is no demand for it at home or abroad
To give US an outlet we must lower the quota
ton of last week. EGGS are in good demand,
and receipts being light we quote them at l4c,
candled. Poultry-There is no change from
last week, as the market shows no Improvement
yet" Dry goods men report the demand for
cotton and wooden fabrics fairly sustained, with
the tendency of values upward. The solution OF
the wheat problem presents so many contingen-
cies at the present time that operators ex-
tremely cautious and unwilling to go into ven
lures until the future has been more definitely
developed. Notwithstanding phenomenally low
prices, foreign buyers do not seem to require
our export staples, and the question u.s. under
what circumstances will our surplus become
salabie abroad The downward tendency of the
value of wheat has tendency to make farmers
hold back their supplies; but the experience OF
the past has shown that this is hazardous
policy, and is likely to drive our best customers
to other markets. We must meet the competi-
ton of other producing countries if we are to
maintain supremacy as the largest producers
in the world, else raise no more than we can
consume at home.
The local market continues in'the strong posi-
ton of two three days past. The Board of
Trade Price Current says of wheat: Sellers
holding local stocks firm, and choice milling
grades will not go begging at full quotations.
Receipts continue light and forward deliveries
are dull; higher at all other points Visible
supply shows increase of only 127, 600 bushels,
indicating that the liberal receipts of the past
few weeks were dropping off and buyers were
keeping nearer shore. We quote:
No. Mediterranean, o. ACKNOWLEDGEMENTS 80
NO. Mediterranean, O. t...--..----.--.--..-.-.. 81
No. z red, o. ACKNOWLEDGEMENTS. 81
Corn-No weakening is noticeable for any
grades and sellers are holding firm with no in
clination to make concessions. Receipts small
and futures not wanted. Visible supply exhibits
a large reduction of over half million bushels.
We quote:
No. white, o. ACKNOWLEDGEMENTS. 444
No. white, f. o. a
40 yeioW o. 4S-2
No. mixed, o. Observation-Disclosures. Az
Sound ear o. t.-- AZ
Oats-Firm at quotations: under light receipts
all grades are III good request. Futures quiet.
Wequote:
No white, o. t ZS12
Light mixed, O.. 25I2
Mixed, o. t.. ACKNOWLEDGEMENTS 70
rejected, o. $780, -.--.--.------------ ~
Rye-No g nominal
Bran-Dull; 81 90 bid; no sellers.
Hay-Dul and lower for all grades, receipts
fairly LIBERAL choice timothy $12 90 bid, held at
$13.2 Is; No timothy, $12 bid, no sellers; No. 2
timothy, $3.50 bid, no sellers.
RECEIPTS BY RAIL PAST TwENTY-FOUR HOURS.
Wheat' p'isnels. S,4OO
Osts bushels 6, 800
GRAIN IN STORE
Sept IA, 1885.