The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-18

Encouraging Features in the Business Sit
NEUTRALITY-SUSPICIOUS. Cheerful.

encouraging Features In the business Sit
uation-Merchants Cheerful.
INDIANAPOLIS, July II.
Travelling statesmen began to return last even
ing from their weekly trips, and report country
merchants cheerful and anticipating a good fall
trade Their expectations are based largely on
the better comeout of the wheat crop than pre-
dicted, and the prospects for large oats corn and
hog crops, corn and hogs being the big crops for
Indiana and Illinois. In prices there are but
few changes to note. Sugars maintain their
strong position, while coffees rule steady
Quinine, opium and quicksilver are low
er, but there is a stronger tendency on
many other lines of goods The weakness in
opium has been caused by the pressure to dis.
pose Of surplus stocks, Estimates Of the new
crop vary from 1868 baskets to $500 baskets
New crop is offered at 81 20 in bond, but buyers
are holding oil for lower prices. Morphine is
quiet and unchanged Quinine is again lower
g. and 5. having, in eastern markets been re
duced to 60c and Jobst following to SHE. Other
foreign makers maintained their prices but out
side holders sold down to 55c and while Ameri-
can makers maintained their prices. some brands
sold down to 60c. The demand has been small
and buyers holding off in view of possible lower
prices. There has been a little more animation
to the leather trade this week and there are
good prospects of better trade during the rest
of the month. The hide market is very quiet.
The wool market still presents a good deal of
activity, and prices are firm as quoted. The
Boston Commercial Bulletin saws: The gradual
improvement in tone which has been noted by
the Bulletin for the last four weeks is this week
generally admitted The sales of domestic
feeces are nearly a million pounds better than
for the corresponding week last year There
has been no little inquiry for wool, and manu-
facturers have been visiting the markets in
increased numbers to secure selections for a full
assortment 1t would be incorrect to announce
a rise in prices all along the line although
an improvement of 1c is reported in some
grades. The improvement is prospective
Firmness is the characteristic of nearly
all desirable grades and with the possible
exception Of fieeces prices are expected to be
about the same as those of last year general
consensus of opinion seems to favor quiet bust
ness throughout the summer with possible
slight advance in September. The receipts of
wool continue large and with the weight of wool
which has been coming upon the market, it is
not to be expected that any better price will be
obtainable, although spectators, and there are
snecllators in wool at the present price say that
for any desirable line of wool the prices OF q
fortnight since will not purchase. The clip from
nearly every part of the country, with the posi-
BILE exception of Colorado, is reported short not
by the organs of growers alone but by buyers
It is not likely that there will be wool famine
as the clip will probably, as usual suffice for all
needs, but glut of wool Isl placed out OF the
range of probabilities.
GRAIN.
The local market opened steady and I'M
changed, and remained so through the day.
There was fair attendance on Change and
bidding was spirited. New No 2 red wheat is
coming on to the market rather slowly. The
following were bids on Change to day:
Wheat-No. Mediterranean, &c. No. 3 Medi-
terranean, no bid; No. 2 red 95c; No. 3 red,
Corn-No 1 white. sic; No, 2 white, 50sc, O..
t: No. yellow, 47c; No. yellow, 46ac No z
mixed, 454c; no grade, no bid; sound white ear
52c asked.
Oats-No 2 white, SIC; light mixed, no bid
mixed, 33!c
Bran--$l2 f. o. b.
Hay-Timothy, No. 2, no bid.