The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-23
INDIANAPOLIS MARKETS.
Another Disappointing Weeks Trade-The
Temperature Too Mild.


INDIANAPOLIS, Nov. 81.
The mild temperature and apparent abund-
ance of nearly all articles of consumption con-
tinue to make trade dull and prices weak. The
market East and West is overstocked with
poultry, and dealers to-day would pay only SC
for chickens and &c for turkies, with prospects
of no better prices next week. Arrivals of eggs
and butter, as we'll, are on the increase, and
although not quotably changed. they are
hardly as firm as in the early part of the
week In groceries there is nothing new, prices
ruling steady. In dry goods, as well. there is
little calling for special mention. The demand
is confined to absolute wants Of seasonable, de-
sirabe stuff Collections are still lacking the
satisfactory condition we have been hoping for.
However. the volume of business in jobbing cir
Giles is greater even now than last year at the
same time, but the increase is much less than
that shown during September and October
Woolens continue very firm at the advapced
prices, and many styles continue scarce. Cotton
goods are holding their own remarkably we'll in
the face OF the exceptionally large crop
of cotton raised this year. The indianapolis
Grocer of to-day says: 1.-THE trade situation is
one of moderate lethargy and opportune conser-
vatlsm. Money is in scant supply. The banks
have fair reserves and good paper commands
money at low rates; but paper must be giltedeed
or the borrower gets more cold shoulder than
cash. There is more than mere rumor in the
talk of bank for which Meridian street is to
furnish the capital this has been street gossip
for months, aud it originated in the change
from generous to rigidly economical policy
on the part of the banks. Many merchants
sought accommodations out OF town, and num-
Der transferred their bank accounts to New York
and Cincinnati. There was simply, on both sides,
question Of profit. There has not been the
best of good feeling since the change of front on
the part of the moneyed institutions, and it is as
yet undecided what the merchants, who have
discussed banking hope to do. The ''hog
money" is very slow In getting into circulation.
Corn money is no better. Until there is greater
pressure from outside farmers will part but
slowly with their farm products. The ignorance
of business, and the lack of methodical habits in
buying and paying. makes even the safest farmer
poor customer when it comes to finances. The
effect trade is to restrict it to limited bounda-
ries, beyond which there is no desire to StA---
The amount Of trade will preban1i,y eoual that of
the same week of 1887, but even this is not meet
ing cherished h.cpes.
GRAIN.
A tame Saturday sizes up the local market.
The Board of Trade Price Current says of wheat:
Local markets are at stand still; prices I'M
changed, with fair inquiry for choice milling
goods Receipts only fair and futures not in re-
quest. Markets at other points continue dull
and are lower. We quote:
No. 2 Mediterranean. O. Observation-Disclosures. SO
w. reo u. L.. SZA2
No. 3 red, o. e. Observation-Disclosures. 80
Rejected, o. ACKNOWLEDGEMENTS 78
Corn-Market less active and only stock
wanted that can be shipped before the advance
of rates. Futures dull Receipts about the
same. We quote:
No. 3 yellow, o. 3614
NO. 4 yellow, o. b-.----. %
NO. 5 Mixed I. o. d. 1914
Bound ear o. u.'.- %
Oats-Still scarce, but less activity than usual
is noticed. Receipts light We quote:
No. 2 white. o. t. OBSERVATION-DISCLOSURES 81
Mlxed, o. ~ q
Rye-No 2 strong; Csc bid; no sellers.
Bran-Steady; $11 bid.
Hay-Fairly active, with steady prices. Choice
timothy 1929 bid No. timothy SIP bid, held
at $780, No. timothy, $1,000 bid, sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
" heaI onsneis. OOOO
Oats bushels. ACKNOWLEDGEMENTS. 900
GRAIN IN STORE.
Nov % 1888