The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-09
INDIANAPOLIS MARKETS.
Good weather Improving Crop Prospects
Bringing About More Activity in Trade.

Good Weather Improving Crop Prospects
Bringing About More Activity in Trade.
INDIANAPOLIS. July 8.
Merchants in nearly all departments speak of
trade as good for July. In fact, in the grocery,
produce and provision markets +h--~ :" more
activity .h~r. any time for months. While the
Improvement may be of temporary character,
it is well to mention and appreciate
even small favors in the way of trade.
That the oats and hay crops are to
be immense this year, no one questions, and the
corn crop never was more promising. Among
the grain statisticians it is considered settled
that the country is going to have light wheat
crop They have been investigating the subject
with the assistance of pretty thorough system
of crop reports, and their conclusions, separate
ly arrived at, do not vary to any considerable
extent According to these the wheat crop this
year will run from 800, 600 600 TO 365, 0O0, 900
bushels. Last year it was 512 000 600 bushels.
From these figures il is deduced by the
cheerful grain broker and his confiding cnsto
mer, as Well as by the unsophisticated ruralist,
VINO pins his faith to statistics, that wheat Is
great thing to buy and to hold on to. But
there Is really nothing i'll the situa-
tion to sustain this speculative con
clusion, except the conceded fact of light
crop. The grain markets Of he world now draw
their supplies from many lands, and If the Amer
lean farmer can furnish wheat enough, together
with what remains on hand from last year, to
amount TO our own annual consumption. it is
difficult to see how the average price per bushel
is going to be disturbed, except by spasmodic
influences OF speculative character, such as
may be eXerted at any time. This country con
sulned last year about $50 coo 900 bushels of
wheat. 1t was flush year for the cereal and
nobody was stinted- If an equal quantity is re
CURED during the current year the reports Of the
statsticians prove off hand that the grain will be
forthcoming. Locally there were no changes in
values calling for notice. Sugars retain their
strength. Attempts to ball the coffee market
are frutless Eggs dull; arrivals large and
large per cent. poor stock Small fruits of lndi
ana production are now on the market, and al
though rather high priced they are really choice,
more especially will this remark apply to red and
black rasberries The market is flooded with
waternelonS
GRAIN.
There was better feeling in the local market
to-day. Dealers show more interest and bidding
On Change was more animated. The Board of
Trade Price Current says of wheat: Local mar
kets toned up since yesterday and stronger feel
ing manifested Chicago and seaboard ! 0ac
higher. We quote:
No Mediterranean o. ACKNOWLEDGEMENTS. Oslo
No 5 Mediterranean. o.. Observation-Disclosures. 95l4
No. No. red, O. o. t.,.:...::.::: So 81
AnSnst ACKNOWLEDGEMENTS 90
Corn-Rues steady at quotations, with fair
order demand. Futures not wanted. Chicago
and seaboard frmer. We quote
No. white, G. OBSERVATION-DISCLOSURES. STA
NO. white o. 5OI2
No. white, O. t...................... 4Slo
No. yellow, o. Observation-Disclosures. 46al
No. yellow, o. Asa
No. yellow, Q. Observation-Disclosures. Asa
No mir