The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-17
INDIANAPOLIS MARKETS.
No New Features in the Local Circles-The
Crop Outlook Encouraging.

crop OUTLOOK Encouraging.
INDIANAPoILs, July 16.
In most departments there is fair distrbu-
ton going on for summer month, with prices
in the main steady and strong. The demand
for hog products is steadily improving. Sales of
short-ribs, cured at D. roc were made to-day. and
of eet-pickled at Sc. The grocery market is
fairly active, sugars again taking strong posi-
ton. The -four market is just as free from ex-
element as it has been at any time for some
months past. 1t is and has been unmoved by
the crop reports, and the results of our winter
wheat harvest do not appear to disturb it in the
least. The trade purchase only in lots as wanted,
looking ahead only few days at a time. and fail
to realize that there is time in the near future
when different feeling must of necessity pre-
vail The mills of the West are now turning
out less flour than at any time for year In
Minneapolis work has been almost entirely sus-
pended, and receipts for some weeks to come are
hkely to be quite small. This, will
enable the leading markets to work up
surplus stocks. The New York Shipping
List, In commenting on the business situation
says the outlook is not without encouraging
features and there is reason for looking forward
with hopeful anticipations that the turning
point is not far off, The crop outlook upon the
whole is favorable, and daily becoming more so
as the season advances. The yield of wheat is
hke y to exceed the gloomy estimates Of month
or SIX weeks ago; the cotton crop promises to be
the largest ever gathered and according to
present prospects, corn oats and other cereals
VIII be fully equal to last year. These
are the money crops TO the agriculturist,
and the basis of our most important
foreign trade. Then there is reason to believe
that substantial efforts are being made to solve
the intricate railroad problems that have done
so much within the past year to unsettle and
disturb commercial and financial affairs. Those
VINO control these great corporations seem to
have arrived at the conclusion that the time
has come for calling halt and making some
effort to retrieve what has been lost by long and
exhausting contest These two features, taken
together, foreshadow a good outlook for the
future Improvement of trade. but definite results
rather than promises are what the public will
wait for. Their influence will be the most
likely to result in the absorption of the accum
ulation of idle money, and when the bank re-
serves have commenced to decrease we shall
have entered the broad highway of commercial
as well as financial Improvement.
GRAIN.
The local market is in stronger position.
Dealers show more interest The attendance on
Change is better and bidding spirited The
following were bids on Change today:
Wheat-No. 2 Mediterranean, 96c; No Medi-
terranean, 95c; No. 2 red, 95ac No. red, SIC.
Corn-No l white, 52c f. O. b.; No 2 white,
No. mixed, 453c; no grade, no Did, sound
white ear 49c.
Oats-No. white, 37.c; light mixed, no Did,
mixed, 33c.
Bran---$l2 f. o. b.
Hay-Timothy, No. 2, no bid.