The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-07
INDIANAPOLIS MARKETS.
The Business Situation Continues Eucourag
ing Both Locally and Generally.

AhO AsusIneSS ClbuaLlOn CONTINUES EuCouEaS-
ing Both Locally and Generally.
INDIANAPOLIS, Oct 6.
Locally the volume of business in progress
continues highly satisfactory, and advices from
interior points much of the same tenor. The
New York Shipping List, in commenting on the
condition of trade, says Prices have ruled
steady, and if in many instances the margin of
profit is still narrow there has been far less COM
plant OF sales being made at loss than hereto
fore, and IN this respect the improvement es-
tablished within the past two months is in
marked contrast with the condition of affairs
that prevailed early in the summer. The ooun-
try has been struggling for more than year to
restore the disturbed relations between supply
and demand, resulting from overproduction
To great extent this has been accomplished
and the next step is to encourage the return
of confidence by meeting the demand, and not
by an abrupt marking up of prices that would
be likely to throttle the first indications of in
creasing trade. Prices are regulated in obedience
to the laws of supply and demand. and a quick
enlng IN the movement of trade must be first
experienced before higher prices can be estab-
lshed. While domestic trade has thus deyel-
oped satisfactory Improvement, particularly in
all branches where manufactured goods are dealt
IN, the export movement of produce continues
to hang fire. and is the one unfavorabe feature
OF the existing condition of the commercial sit
uatlon which retards more general progress So
long as our surplus products of wheat, corn,
nour, provisions, cotton and petroleum fail to
ind market, we are without the necessary
compensating balance to our foreign import
trade, and are thus sacrificing the most impor-
tant results of our prosperity. Locally, prices
IN the main rule steady and strong.
Sugars, however while not quota
bly, lower, lack the strength which has
characterized them for some days past Coffees
rule firm, and the distribution of roasted coffees
is large. The produce market is active, owing
to lower prices East. Our quotations on poul-
try, eggs and butter are fully as high as they
Will Dear. j. E. Sullivan says in his price cur
rent that receipts of butter are heavy and the
market dull Eggs are better in quality but no
change in price. The poultry market is steady
at quotations of some days past The demand
for potatoes is better and prices frmer Apples
are still in large supply and prices weak,
GRAIN.
The local market is in much the same posi-
ton as on Monday With respect to wheat,
prices for some time past have ruled above the
parity of the markets of Europe, under the in
fuence of speculative manipulation that has
been without any justification The worlds
supply of wheat during the next twelve months,
outside the United States according to the latest
advices, will be fully equal to, if not in excess
Of, the average for the past three years, and at
the commencement of the present crop year
large stocks were being carried at all distribut
ing ports. There has been, therefore, no urgent
demand to replenish supplies, and those who
control the wheat market in this country have
adopted the most effectual means of keeping
buyers away who naturally seek not the highest
but the lowest market There is nothing to in
dictate a deficiency in the worlds supply that
would compel foreign buyers to take our surplus
later in the season at higher prices while the
large stock that has been allowed to accumulate
here is continual menace that has depressing
effect upon the markets of all wheat importing
countries, and at the same time handicacs any
advantage that might otherwise have been ex-
perienced on account Of a short crop. Our ex-
ports of wheat for the month of September were
fully g. 0C0, 600 bushels behind what they were
last year and this quantity, with the falling off
In August, taken from the visible supply would
materially improve the statistical position. The
Board of Trade Price Current says of wheat
The firm feeling still continues in local circles
and quotations are higher for spot No. 2 red.
Futures dull Receipts light. We quote:
No Mediterranean, o. ACKNOWLEDGEMENTS 50
70 reo' D. %,
NO 3 red, G. NEUTRALITY-SUSPICIOUS.. 81 l2
Corn--Not very firm or active; a general dull
ness all around Not much desire is manifested
either to sell or buy. Futures quiet. Receipts
only nominal. We quote:
No white, o. Al
No z white, O. t. AZ
No. yellow, o. AZ
No yellow, o. 40
No mixed, O. t. 41l2
Sound ear, o. t. Az
Oats-Steady at quotations, with a fair de-
mand, but both offerings and receipts very light
We quote:
No. white, o. t------- %