The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-22
INDIANAPOLIS MARKETS.
Dizziness Brooding Over the Markets-Mer-
chants Seeking Pleasure Resorts.
TIL,

Dullness BroOding Over the Markets--Mer-
chants Seeking Pleasure Resorts.
INDIANAPOLIS, July 81.
In the leading merchandise markets midsum-
mer dullness is the chief characteristic, and but
little improvement is looked for before the mid
die of August Merchants who remain at home
are watching closely the crop reports. The faith
OF good many people in wheat boom has been
strengthened good deal within the past few
days, and it is probable that an attempt will be
made with this end in view before long.
Whethe r there is substantial basis for the
same or not is matter that time alone will
determine; while it is true the situation at pres
ent is bullish it is we'll to bear in mind that the
shortage in the wheat crop has already
been pretty fully discounted; also that
the visible supply continues large and there
is every indication of good crop OF spring
wheat Some of our most observant grain oper
ators were very confident in April and May that
to those inclined to speculate, July corn was the
best buy on the list. 1t now turns out that any
who acted with this view have been pretty badly
left The fact of the matter is that not one in
fifty engaged in buying grain, pork, etc, on
margins but what comes out behind. Wool sales
| in Eastern markets distinctly indicate large in
crease in domestic consumption, amounting to
one-third, and wooden manufactures show i'm
proving prospects at every turn. This is, IN
part, due to domestic fabrics replacing foreign,
wooden imports for the eleven months ending
May 81 last being $33 600, 600 against $3S 600 600
for the eleven months ending May 81, 1884.
Grocers speak of trade assumin e again the
hand to mouth policy. Sugars are steady. Lit
tie doing in molasses. syrups, or canned
goods. The egg market is dull and weak, the
extreme hot weather having curtailed the de-
mand, and then the receipts have been the
increase for some days past. Holders generally
are inclined to keep stocks down to the lowest
possible limit, and for the time buyers have the
advantage. The butter trade is also dull, but
for choice stock prices are still maintained.
Young chickens are In good demand at quota
tons. Apples, potatoes, and, in fact, vegetables
of all kinds are In large supply. Prices weak.
Seldom is the range of prices lower than at the
present time. Business failures and the state
ment of the New York banks made bad show
ing for last week, but it is not so with the bank
clearlngS Of the country These eXhi bit a hand
some gain compared with last year, and, as a
sign of commercial activity, they are probably
Of more Importance than either the number of
failures or the state of the New York banks.
GRAIN.
The local market is rather tame. Dealers
take hold with caution. The Board of Trade
Price Current says of wheat: Local markets
are steady at quotations A good demand is
noticed for gradable stock, cash delivery. Re
ceipts only fair The visible supply shows a
small increase of about ten thousand bushels.
We quote:
NO z red, o. t--- OBSERVATION-DISCLOSURES. "a
July o. ACKNOWLEDGEMENTS. "a
Corn-Feeling less firm than yesterday, and
prices shade lower. Receipts fair futures not
wanted. We quote:
No. / white O. t. so
NO. Z Wnlle. o. I. 0U
yeuoW o. 4Oi2
No. yellow, o. Observation-Disclosures 46
NO. mixed o. 40
Oats-Dull and in very feeble request. Flu
lures show dull and weak feeling. We quote:
Mlxeu, o. OAA2
August, o. 20
september, o. lAAS
Rye-Unchanged nominal.
Bran-Steady; $l2 % f. O. b bid no sellers
RECEIPTS BY RAIL PAST TWENTY FOUR HOURS.
Corn, DuSneIS S,4OV
GRAIN IN STORE.
T-1,,O