The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-24
INDIANAPOLIS MARKETS.
A Good Weeks Trade-Merchants Much En-
couraged

INDIANAPoLIs Aug %.
In nearly all branches of business the common
remark was eve have had good weeks trade;'
and doubtless the volume of business in the
week ending oday has been the most satisfac
tory OF any week of the year. The distribution
of money which has lain idle in our banks is
going on briskly. One bank has furnished the
grain men of this city the past week an average
of $4,000 per day, and our manufacturers
almost without exception, report orders on the
increase The outlook for the fail dry goods
trade is very encouraging, and the prevailing
opinion among the representative houses of the
city is that an unusually good fall trade may be
looked for. On the assumption that the market
has about reached bottom prices, dealers
buying largely of all staple goods in anticipation
of brisk trade. Advices from Europe indicate
hrmer market and more steady prices than for
some time heretofore. In the wholesale trade
there appears to be unusual life, the out-of-
town trade buying freely and with con-
fdence of making ready sales. The firm tone
to sugars continues, while coffees barely
steady. The Boston Bulletin says: "a careful
review of the tea market shows some peculiar
and unsatisfactory features. The slow demand
which has prevailed for the last four months
still continues, and the feeling of depression
appears to grow stronger The continued i'm
portatlon of teas by dealers we'll as the regu-
lar importers causes the latter 10 resort to the
goods, and the result of the oversupply and
auction sales is a low and losing range of values
This does not, however, check importations;
the contrary, cable advices from abroad show
er range of values on the low grades
than at the same time last year,
In produce there Is an active trade
in progress. Prices range so low that margins
are small. Apples, potatoes, vegetables of all
kinds in large supply. Choice butter scarce and
it will command our highest quotation. In hog
products there is little to note. This market
is we'll cleared OF hams, but short ribs move out
slow.
A blue Saturday covers the local market The
Board of Trade Price Current says of wheat:
Slumpy local markets, in sympathy with other
other points, dull and weak. Brokers report
orders received from many houses instructing
them to withdraw bids; evidently free buyers
at other points are getting sufficient of the golden
at present Futures about friendiess. We
quote:
No. Mediterranean, o. Observation-Disclosures. SO
No. 5 Mediterranean, OBSERVATION-DISCLOSURES. 80
No. Z red, o. t--.-.-....--.--...-...--.. 81
Corn-Weak, dull and lower; receipts fairly
liberal; offerings very poor and sellers weaken
ing. Futures not wanted. We quote:
NO. l White o. t----. ~
No. white 0. t.--..-.-.-........--.. Az
no. yellow, O. 43,9
30 mixed o. u 4di2
Mixed sound ear, o. ACKNOWLEDGEMENTS 4Ol2
Oats-Dull and quiet. with very little change
in quotations. Off grades weak and lower; re-
ceipts large. We quote:
No. 2 white o. Observation-Disclosures. 27
Light mixed o. t------..---..------------- "a
Mixed, o. t----- NEUTRALITY-SUSPICIOUS. "A
Rye-No 2, nominal.
Bran-Steady; $12 bid.
Hay-No. 1 timothy at $12 bid, held at $13
No timothy, $40 bid, no sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat bushels. ...---....-......-.....3 81 200
corn OuShelS ~ 4OU
Oats bushels 81 800
GRAIN IN STORE.
Aug 81, 1885