The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-11-06

Rainy Weather Interfering with Trade-Cooler
Weather the Needed Stimulant.

Rainy Weather Interfering with Trade-Cooler
Weather the Needed stimulant.
INDIANAPoLIs Nov. 5.
Thus far November trade has been lght-three
rainy days in succession interfering with bust
ness. The general opinion is that trade will be
light until the weather is more winter-lke in
character AS the storm is general in this State
and IN Illinois, it is feared it will delay the move
ment of the new corn crop The wheat market
is still shrouded with uncertainty and the pros
poets are not favorable to an early improve
ment. Domestic supplies show an increase of
4840O bushels, and there has been gain of
400 900 bushels in afoat stocks The latter is a
particularly diseouraging feature. inasmuch as
it is due wholly to larger shipments from other
countries than the United States. The increase
in the American visible supply is much smaller
tnan the majority OF traders had figured out of
the recent increase in the interior movement and
reduced exports, and there is general belief that
the ofhclal estimates, for the present week, at
least, are unreliable. 1t was, perhaps fortunate
Tor the long interests in the speculative market
that the official report of the visible supply
not in accord with the popular estimate that it
would show an increase of 2, 000 900 bushels, and
thus contribute to intensity the desire to sell
in anticipation of lower prices There is
good deal of uncertainty as
W tHo real OF MnneapoIlS
millers. whose decision to suspend production
indefinitely after Nov. ] was announced last
week, and the future of the market will be
largely controlled by their action The general
feeling is weak on account of the large stocks
and dullness of export trade The corn market
shows little change. Export demand is moderate.
but there is no general activity, as shippers are
less inclined to purchase at present prices, in
view or the large crop in sight and the relative
cheapness of the new corn, for which a number
al haap do HAv nrCd-
ducts are quiet and shade lower than last week.
There is little speculation, and the jobbing move
ment is falling Off, as usual at this stage of the
season In other markets there are few new
features. The arrivals of poultry are unusually
large, and as Thanksgiving approaches, ndica-
tions are that there will be glut. Receipts of
butter, as well, continue large. Eggs not
irving in sufficient quantities to supply the de-
mand; prices strong, Grapes higher, with
lighter receipts.
There was better tone to the local market to-
day. Receipts continue light. The Board Of
Trade Price Current says of Wheat: Local
prices for cash No 2 red are shade higher, but
only wanted as order demands require. The
general tone of the market is dull and inactive.
Futures friendess. Receipts slightly better.
We quote
No. Mediterranean, o. t-.................. 90
NO red, o. t. 81 12
No. red, o. t. ..........-...-....-..8 Sla
heJecUeu, o. 1---- rs
Corn-Seers are holding prices firmer than
yesterday, and consumers report light offerings.
Futures not wanted We quote:
No white, o. AL
New No. 3 white, o. OBSERVATION-DISCLOSURES. 33
New NO 4 white o. ACKNOWLEDGEMENTS. 81
No yellow o. ACKNOWLEDGEMENTS. Al 12
New No. 3 yellow, O. ACKNOWLEDGEMENTS "a
New No. yellow 0. OBSERVATION-DISCLOSURES. 80
No mixed, o. OBSERVATION-DISCLOSURES. 4O12
New No. 4 mixed o. ACKNOWLEDGEMENTS. %
Old sound ear, Q. t-.----.-..-..-..--....-- 40
Oats-Steady at quotations with very meaere
receipts and light offerings, demand for gradable
stock is good We quote
NO. Whlte o. g. ZSA
L1gnt mixed, o. o. ZO14
IhiAeu, y. 20
Rye-No. 2 steady; 62c bid
Bran-Ouiet; held at $1l. So with $40 70 bid
Hay-Receipts more liberal and market rather
tame; choice timothy, Sill rs hid; No. timothy,
$40. % bid, without sellers.
RECEIPTS BY RAIL PAsTsTwENTY-FOUR HOURS.
SofH, ouSieS, S,OOU
GRAIN IN STORE
Nov A. 1885.