The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-03
INDIANAPOLIS MARKETS.
A Fair November Business in Prospect
Collections Easier.


INDIANAPOLIS Nov. 2.
There is diversity of opinion as to the vol
ume of trade for the present month The more
hopeful merchants look for an improvement
over Octo Der, while others, basing their belief
on the trade in November of former years, look
for hand to mouth continuance of buying dur
ing the remaining sixty days of the year. One of
| the tame markets just now is the flour market.
This branch of trade seems to be more uncertain
than ever before. Active to-day and depressed
to morrow we are not surprised that Western
millers are beginning to feel discouraged. For a
long time the price of -four has not paid the cost
of production A few weeks ago the trade
looked encouraging, though the demand would
be steady and active for some months to come
that the turning point had been reached-but
this feeling was of short duration. The market
is now as dull as at any time, and sales can only
be made at concessions. 1t is true that the
holders of leading brands still have considerable
confidence and decline offers at lower prices.
but others have met the market at from 10 to %
cents off. and trade in consequence has been
quite unsatisfactory. There is only one way to
remedy this matter. The advces from abroad
indicate almost the same state of affairs AS ex-
lists here. The trade shows no life or activity,
although the undercurrent still points to a more
favorable state of things later. Any business
that is done now will have to be at very low
prices, and there is no help fof this but to re-
duce the production. The provision market is
ward tendency in prices for all kinds of hog prod
ucts. Packers show determination to buy
hogs cheap and keep close to the shore. The Daily
Chicago Business, Of Saturday, says: 1.-The
market for hog products has ruled quiet and
prices remarkably steady since the date of our
last letter. Receipts of hogs very large,
aggregatng for the week 1871. 900 head, while for
the month there will be CTS. 900 head. These are
the largest receipts known in October excepting
the year 1879. Notwithstanding these large re-
ceipts the market has held up very we'll, drop of
only 10 zoe per 100 pounds being established In
point of quality the hogs have averaged good
evidencing the fact that farmers ara feeding corn
freely For the coming week liberal receipts
are again antici pated-indeed, indications point
to very free arrivals for at least three months to
come Nearly all the packing houses are in oper-
ration, and the renal nder will probably start in
early the coming week. In provisions there was
but little done. The average Spectator looks
upon present prices as low, and is timid in sell
ing short while he cannot see anything on
which to base possible appreciation. hence is
afraid TO take the long side; the result of this
fact is that the market is nearly lifeless. Ship
pers, too have purchased quite sparingly, the
downward tendency of values causing them to
hold back. in hopes of being able to buy cheaper
as the season wears along Sugars rule steady
Coffees are in stronger position than last week
1t will be noticed that eggs again advanced
in price,
The week opens with better tone to the To-
cal market. Dealers show more interest and
bidding Change was spirited The
Board of Trade Price Current says of wheat
Steady at quotations, fair arrivals Futures, as:
well as cash deliveries, dull, buyers declining to
advance bids sufficiently to insure trading. Mar
kets elsewhere generally lower. We quote:
No. 9 Mediterranean, o Observation-Disclosures. 90
No. Mediterranean. O ACKNOWLEDGEMENTS 81
No red. o. 9O12
No. red, o. t.----------- 81
Corn-Quite active for off grades crop,
with prices a shade lower. Some little order de-
mand for old stock, but very little of it offered.
! Futures dull and in request Receipts fairly
| liberal All markets at other points from
| nc higher, with the exception of ST. Louis,
| which is &c lower than Saturday. We quote
| No white o. ACKNOWLEDGEMENTS 441a
| No. yellow, o. t. Az
| No. 2 yellow, o. 40
| New No yellow, o. OBSERVATION-DISCLOSURES 3312
| New No yellow O. OBSERVATION-DISCLOSURES 81 ID
| No 2 mixed o. Observation-Disclosures. 39l2
| New No mixed O. OBSERVATION-DISCLOSURES 80
| New No. mixed, O. ACKNOWLEDGEMENTS 20
| New SQUAD ear. 0. $780,. 20
/ Oats-Steady and scarce. We quote:
No. white o. 70