The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-26
INDIANAPOLIS MARKETS.
A Summing Up of Results by the Indian
apOlis Grocer.

A Summing Up of Results by the Indian
apolis Grocer.
INDIANAPOLIS Oct. "a.
In the week closing to-day trade has shown
some Improvement over the preceding week,
yet among merchants there is evidence that the
volume of business this month has fallen below
anticipations as the month came in. There seems
to be plenty of orders. but they are limited, and
a disposition is shown by country merchants to
purchase in a rather hand to mouth style.
But all seem hopeful that, with cooler
weather, and with the movement of
the new corn and the hog crop. and
a freer distribution of money, there will be a
a decided Improvement in business. The Indian
apolis Grocer of to-day, in summarizing the bust
ness of the year thus far, says: "a close esti-
mate of the years outcome can now be formed,
as ten months OF that time cover not only the
dullest but busiest days in Meridian street.
Merchants are reluctant in disclosing the inner
secrets of their business, and what the ~footings
show or profits promise are conJectureS which
are measured by comparisons or shrewd guessing.
Enough is known to claim for the year no great
increase OF incomes, and no improvement in the
value of goods turned over the sidewalk. This
may surprise those who have all along been Civ
ing credit to the street for a largely increased
total of disbursements. To those in the trade
those whose contact with buyers and sellers
covers the whole of the business year-there is
no revelation In our assertion. The reasons for
a non-increase of sales are two-fold: First, a
general cutting off of Improbable accounts and
a closer scrutiny of the resources of intending
buyers; and secondly, the decrease in value Of
merchandise as compared with the previous
year. This reduces the amount in figures, but
actually represents a greater amount in bulk Of
merchandise handled. The results of the years
work are a purer ledger and a healthier profit
and loss account. Yet it must be confessed, and
that with some degree of disappointment, that
the tendency has been and is toward a cutting
down of net results without a just and reascna-
BILE decrease in expenses. But this is a disease
which does not confne itself to Meridian street;
it is in the air of other cities as we'll, and it
needs but contact with the solid men in trade
elsewhere to develop this dissatisfaction with
their yearly balance Sheets" There were no
changes in prices to-day which are worthy Of
special note.
An easy feeling broods over the local market.
Dealers seem rather Indifferent, and vary in
their opinions as to the future of cereals. The
Board of Trade Price Current says of wheat:
While markets at other points are weak and
lower, local prices are well maintained, and
some grades are active and higher; receipts
light, and no inquiry for futures. We quote:
No. z Mediterranean, o. ga
No. 2 red. o. 924
NO. D red, o. ~
Corn-Rules easier and prices are a shade
lower. Some activity is seen in futures. Sales
of i've cars new made on call at 34c. Markets
elsewhere ! a &c lower. We quote:
No. 2 white, o. Al
No. l yellow, o. A21e
NO. z yellow, f. o. 42l9
w. HiAou v. I'll
new November, o. 81
~Oats-Steady at quotations., with light receipts
and offerings. We quote:
No. 2 white, O. %
Light mixed, o. Is
miAeu, y I'D
Rye-No. 2, nominal
Bran-Quiet; $I1 bid.
Hay-Fair inquiries, with light offerings.
Choice timothy. $l2 bid; No. l timothy, $l1 bid;
No. 2 timothy, $40 bid.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, 5000
Corn. bushels ], 200
Oats, bushels 900
GRAIN IN STORE
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