The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-21
INDIANAPOLIS MARKETS.
The Better Tone to Trade Continues, Coun-
try Merchants Buying More Literally.

try Merchants Buying More Literally.
INDIANAPOLIS, Aug 20.
Wholesale men report the better tone to trade
still noticeable, and that more confidence is
shown among country merchants, their orders
being larger and more varied in character
Luxuries, so-caled, and classes of goods which
have been taken hold of with caution are now in
better demand. Grocers are experiencing an
excellent trade. Sugars are strong at quotations
East the bears have control of the coffee market
and have pushed down prices somewhat and are
ooasting of smashing the market twenty-five
points further before permitting the present raid
to come to an end. Whatever there may be
upon which the bulls may pin their faith of a
better market is not dscoverable. The only
hope of this clique for better prices seems to he
founded on sentimental reasons alone, their
argument being that coffee is already awfuy
cheap, to which the bears respond that
prices have in the past ruled still lower
and that the bull crowd four weeks hence
will consider present quotations way up"
Time will tell what there is in this boastful
talk. The flour market is under a cloud and
millers and merchants discouraged Other
articles of merchandise are starting up, but
flour, although quite low, is taken only in small
lots tor immediate wants, and there is no indica-
ton of favorable change, although the feeling
is still confident that later in the season there
Will be increased activity and higher prices. The
markets abroad report no encouraging features.
The trade there as well as here. are purchasing
only In small lots but still there is an undercur-
rent of opinion, says the London correspondent
of the New York Financial Chronicle, (which
maintains the belief of an advance in prices at
no very remote period. 1t may indeed be ques
toned whether the possible effects of the harvest
and the chances of the market being we'll sup
pied with new grain shortly have not
been in great measure discounted.
The movements in values just now
are not at all important, neither is the
market weak at the reduction Buyers how
ever, seem disposed to hold aloof as much as
they can, trusting presumably TO the chance of
the array OF the needy sellers being more numer
Gus than usual. But that is an uncertainty
upon which it is hazardous to speculate. That
values Will 60 quotably lower for any length of
time is doubtful Were there any speculative
feeling abroad. it would be almost certainty
that the tendency of prices would be more
against buyers than in their favor but there is
no speculatiOn-on the contrary nothing but an
inquiry strictly confined to the supplying of cur
rent requirements; and so long as business is
conducted on those principles the trade must
have a sluggish and depressed appearance.
Since the first of September have exported
3 748 400 barrels -four and 1911 AGA bushels
bushels wheat, and this amount will not be
largely increased before the close of the month
With crop at least $50, 900 600 bushels less than
last year some contend that we have upward of
lOO,OOO, 900 bushels wheat for export, counting
the reserve of old wheat 30. 600, 600 bushels
New wheat comes to market slowly, and where
1t was plenty last year there is very little 70
be had.
GRAIN.
Locally there is little change to note Wheat
is in a somewhat stronger position but no
important advance was established The
Board Of Trade Price Current says of wheat:
Local feeling is firm and prices shade higher
than yesterday. Receipts continue fair order
demand good and ST Louis dealers will still take
little more but at lower figures. Futures in
home circles are dull and not in any active de-
mand. Markets elsewhere are higher, with the
exception of St Louis, which is 1.c off. We
quote:
No. 2 Mediterran can, 0. Observation-Disclosures. 90
No. Mediterranean, ACKNOWLEDGEMENTS SO
No red, o. t----.--- ..----.---..---...---- 80
No. 8 red, q. OBSERVATION-DISCLOSURES. 81
oeptemoer' 0. 81
Corn-Sellers outnumber buyers and bids are
made with caution. Not much interest is mani
tested for any grades only needs require.
Futures dull and not wanted receipts not very
liberal; New York and Baltimore are &c higher
and st. Louis and Chicago unchanged We
quote:
No. yellow, o. OBSERVATION-DISCLOSURES. 4434
No. yellow o. ACKNOWLEDGEMENTS. 44l2
No mixed o. 46l4
No. mixed, o. t. ACKNOWLEDGEMENTS. Al
No. mixed o. 43
Oats-The market shows effect of liberal re-
celpts, and lower grades are dull and lower
Choice No 2 white in fair demand at quotations
We quote:
.