The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-30
INDIANAPOLIS MARKETS.
Another Month of 1886 in Which Business
Has Been Unsatisfactory.


Has Been Unsatisfactory.
INDIANAPOLIS, May %.
Friday practically closed the business Of the
month of May, as Saturday is Decoration Day,
and but little business will be transacted. The
fifth month of the year has not been very salts
factory in its results. During the first half
OF the month unreasonable weather was a wet
blanket on trade, and while the last fourteen
days show decided improvement over the ear
lier days of the month, the volume
of trade has fallen below expectation
In numbers the sales are large, but the hand to-
mouth policy of buying is so prevalent that the
bills foot up in small figures, comparatively
speaking. The New York Shipping List of the
9th, however, in the way of encouragement
says trade is moving along very steadily, and
While there is complaint and general dssatisfac-
ton because profits are so small and the move
ment so monotonous, comparison with the dis
astrous condition of affairs at this time last year
presents striking contrast and ought to be ac-
copied as an encouraging sign of the recupera-
tive powers of our financial and commercial sit
uation, as well as the fact that progress
is being made towards the successful
solution of the problems of over
production and overtrading by which
the business interests of the country became
overweighted year ago. and to which they nat
urally succumbed. great deal has already
more remains to be done before a straight and
level road is reached, and every week witnesses
some progress The manufacturing capacity of
OF the country has not been sufficiently cur
tailed, and the competition has not been read
justed to the current basis of values Locally
there is little which calls for comment. Weak
ness is a characteristic of the produce market
SO large is the supply. The price of eggs is bet
ter maintained than anysether article Poultry,
butter and green stuff range lower in price
than usual at this season of the year The pro-
vision market is more actice prices steady.
GRAIN.
tame market fully covers the situation. The
Board of Trade Price Current says of wheat
The month closes with this cereal decidedly in
the dumps; both prices and feeling are weak and
lower, and general apathy prevails all around.
Futures show few sellers Receipts very light.
We quote:
NO Mediterranean o. ACKNOWLEDGEMENTS. 90
No. Mediterranean, O. Observation-Disclosures. 95
NO. q reu, o. t.... ~
Corn-Choice grades of white rule about the
same as yesterday, but only wanted in limited
quantities; lower grades, however, are weaker
and show decided decline. Futures show some
little life, but are lower and dull. Receipts fair.
We quote:
No 3 white, o. ..--...-...-..-.-...... 81
Yellow, o. 3D. Observation-Disclosures. 46
High mixed, o. ACKNOWLEDGEMENTS. Asa
Mixed, o. NEUTRALITY-SUSPICIOUS.. As
Rejected No. Y white O. ACKNOWLEDGEMENTS. 80
Rejected. mixed OBSERVATION-DISCLOSURES. 43
Sound ear, o. ACKNOWLEDGEMENTS. 455s
June. Observation-Disclosures. As
Oats-Not much changed; light demand and
equally light offerings. We quote:
No. white, o. ACKNOWLEDGEMENTS. 35l2
Mixed, o. t. ACKNOWLEDGEMENTS. 33l2
August, first half, o. ACKNOWLEDGEMENTS. "a
August, o. Observation-Disclosures. %
Rye-No. 2, nominal.
Bran-Nomna
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, bushels ACKNOWLEDGEMENTS. 24OO
Corn, bushels 800
Oats, bushels. Observation-Disclosures. 800
GRAIN IN STORE
May g. 1885.