The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-19
INDIANAPOLIS MARKETS.
A Good Fall Business Assured Unless Early
Frosts Injure the Prospects.

Frosts Injure the Prospects.
INDIANAPOLIS, Aug. 10.
Upon the successful development of the corn
crop depends the permanency of the business
boom that has unquestionably set in. Early
frosts would put the country back one, two or
three years and be a "deadener," as the express
sion goes, on the general improvement which
has set in within the last few days. 1t may be
we'll, however, not to build hopes too high on
the present favorable prospects. The yield of
the crops is one of the most promising features
of the situation, but it will be several months
before the marketing of these crops will be
reflected in the actual movement of trade or the
volume of railroad traffic. A substantial i'm
provement in the railroad industry will no
doubt result in general undertaking of repairs
that will materially benefit the iron industry,
and yet it would be scarcely wise to begin laying
in stock to meet that contingency. These re-
marks are not made with view of neutralizing
the effect Of whatever improvement in CONNER
cial affairs may have already taken place. but
rather with the object of pointing out how easy
it is to be over sanguine and 90 beyond what is
warranted in the light of cold facts. Reports
from many interior points speak of an increased
trade almost everywhere appear to be pointing
in the direction of Improvement and in almost
every department of commercial activity a feel
ing of greater confidence prevails,
but the general movement has scarcely
yet responded to these hopeful conditions suffi-
GENTLY to indicate that the actual volume of
trade has been undergoing material expansion;
there is still lack of vim. or what business men
term snap" and thus far what has been accom-
pished has not extended beyond getting into
N ant n IN at
likely to follow long. There is so much
anxiety to experience actual results from the
Frightening prospects recently developed that
there is little danger of becoming too
guine, with tendency to eXaggerate spasmodc
improvement in demand. The one encouraging
fact in current trade, worth tons of prediction
and speculation, is that the dry goods and cloth
ing trade shows decided Improvement over the
same trade a year ago or during the current
year. Heavy stocks, in spite of suspended pro
duction, a year ago. forced the heavy auction
sales in cotton and WOODEN goods which knocked
the life out of the fall trade Like sales had the
same effect last spring. With the solitary ex-
ception of 1883, there has not been an August
since 1880 when the statistical position of tex
tiles was better than now. Cheap food low
prices and a growing population have at last
stimulated demand in supplying which the
American manufacturer is protected by heavy
duties. The hide market continues slug
gish, and the leather trade is rather slow,
but both markets will doubtless be more active
next month. In groceries there is nothing new
to note. Sugars remain firm. Receipts of
fruits of the season and vegetables are still
large; prices weak j. f.. Sullivan. produce
dealer, in his Price Current of today says:
Good, sweet butter, whether creamery, dairy
or country will sell readily at outside Quota
TONS other grades unchanged. Receipts of eggs
not quite so large as formerly; cannot note
any improvement in price as yet, only that the
eggs arriving now are of better quality price
is 10c, candled Poultry-as we stated in our
Loot Co fn hiatt ha Mo- Vor nj
and all Eastern markets were demoralized, we
are again obliged to lower our prices on account
of the still lower prices East and with no de-
mand and in fact they are actually asking to
withhold further shipments until they get
caught up and clean out the old stock"
GRAIN
The local market is under a cloud. Bidding
on Change today was tame The Board of
Trade Price Current says wheat was dull weak
and lower. In sympathy with other markets,
local quotations are lower and feeling is weak:
dealers not manifesting much desire to in
vest. Futures almost friendless Receipts con-
tinue very liberal; visible supply shows its large
increase of l, 236, SAG bushels. We quote:
No. red, o. OBSERVATION-DISCLOSURES S71s
NO d req o. T., %
UnmerchantaOie- 70
august; o. t. e.
September o. t--- SO
Corn-Free offerings would indicate a weak
feeling and an absence of much confidence in
prices. Local markets weak, and buyers are
investing only present needs require. Futures
not wanted; visible supply exhibits increase of
1881 bushels; receipts only fair. We quote:
No. yellow, o. Al
No. mixed o. ASS
Oats-Choice No 2 white in some demand,
but lower grades are dull, weak and lower.
Heavy receipts and grading badly. Futures weak
and lower. We quote.
No. 2 white, o. OBSERVATION-DISCLOSURES" 2s1a
Light Mixed, o. ACKNOWLEDGEMENTS. "a
Mixed o. 2334
Rejected white, o. %
Unmerchantable, o. OBSERVATION-DISCLOSURES. II
August, o. 3d.. ACKNOWLEDGEMENTS. 2312
September, O. OBSERVATION-DISCLOSURES. %
Rye-No. nominal.
Bran-Quiet; $l2 bid; held at 1925.
RECEIPTS BY RAIL PAST TwENTY-FOUR HOURS
wheat, pnsnelS-- 90, 400
Corn bushels. 4 800
Oats, bushels "a 200
GRAIN IN STORE.