The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-03
INDIANAPOLIS MARKETS.
September Trade Promises To BE Large-COl-
lections Quite Satisfactory.

September Trade Promises To Be Large-Col-
Iections Quite Satisfactory.
INDIANAPOLIS, Sept. 2.
The opinion prevails among merchants that
the volume of business this month is to be quite
satisfactory, favorable crop prospects and a
freer movement of money being the chief basis
for such belief. Wool is slowly advancing at
Boston. with large sales. Prices are now reck
oned one cent lower than what they were year
ago, while manufacturers getting nearly as
much if not more for their grades, which are
being marketed in great quantities. Sugars
continue in a strong postion-all news from the
East indicates higher prices. The circular of
Messrs. Willett. Hamlen e Co. says: The frmer
markets of Europe have had an influence We
have been busy, receiving the Cuban and other
crops, and have paid but little attention to the
beet crop and its influence upon prices, but have
reached point now where we can ignore it no
longer. We have taken sc, 642 tons of raw sugar
from Europe this year, and have sent back to
Europe co. 842 tons of refined sugar, which re-
quired probably 100, 900 tons Of raws to manu-
facture, so we have gained no supplies for home
consumption from Europe; but, on the contrary.
we have in this and other ways, virtually, if not
actually, used up 90 800 tons Of the stock we car
in all hands, 1O4. 399 tons; re-
ceipts since Jan l are only 4,874 tons more
than last year, while MEETINGS are ,675 tons
more than last year. or say change of 30. sol
tons in favor of higher prices; and we have no
source of supply from which we can draw the
40 900 tons which we received last year from
Europe after this time. The beet crop, and the
possibility of supplies reaching us from It, have
therefore become more prominent features, and
the price of beet sugar in Europe must soon
fhn nf oil cJ10o in ha Init tod
States. An advance in prices here to above the
parity of Europe would seem to be a certainty.
There is little better feeling in the tea market,
with indications of more activity in week or
two. Superior Formosas have been selling to
arrive in invoices at 33 to 81 cents per pound.
and importers are firm at that rate, as the supply
is light. Low grades are plentiful and quiet.
Japans and Amoys have been moving moderately
at easy prices There liberal offerings at
auction in New York last week Five steamers
are the way from China to New York, via
Suez canal, with full cargoes. Coffees
steady, but not in strong position. The pro-
vision market is fairly active. 1t is stated that
there not over 400 tierces of hams held here,
and not 10000 pounds of short ribs
Prices are firm at quotations given
GRAIN
The local market was tame to-day. and prices
offish. The Board of Trade Price Current says
of wheat: About in statu quo; fair demand is
still noticed for cash deliveries of gradable
stock. Receipts only fair and grading badly.
Futures dull. We quote:
No. 2 Mediterranean, o. t....S 80
No. 8 Mediterranean, O. ACKNOWLEDGEMENTS. 81
NO. red, o. --..--------...-..-....--. 81
No. 3 red, O. ACKNOWLEDGEMENTS. 80
Rejected. ACKNOWLEDGEMENTS ~
Understandable, o. Observation-Disclosures. SIS
Corn-Local markets have weakening tend
ency, sellers more willing TO make concessions.
Receipts fair; futures not wanted We quote:
No. white o. ACKNOWLEDGEMENTS ALL
No. white, o. t..--.--..-- 43
NO. yellow, o. t--- 43i2
No. 8 mixed o. 40
Oats-Dull and a shade lower; sales of No. 2
white made on call at &c regular. We quote:
Mixed, o. IT, ----..--..-....---..--. 234
Unmerchantable, o. OBSERVATION-DISCLOSURES. Is
Rye-No. 2, quiet; SIC bid, held at 55c
Bran-Steady $l2 f. ob. bid, no sellers.
Hay-Choice timothy. $l3 bid; No l timothy,
$11 rs; No. timothy. $40 bid, no sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
W neaC. o'iseis 4SOO
corn, ouShelS- 4.SUU
OatS, DuSnelS IL, OUU
GRAIN IN STORE
Sept. 1, 1885.