The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-28

been quite satisfactory. and the sales Of August
will doubtless, in most departments, foot up the
largest Of any month of 1885. In dry goods, on
many lines, there is a strong tendency to higher
prices, and on no line does there seem to be a
letting down, and a healthier trade is in progress.
Grocers have had a big trade all the month, and
on some articles are making a fair margin.
Sugars continue in the strong position of some
days past, while coffees rule steady. Canned
goods, as well, are firm at quotations. In prod
uce there seems to be a large abundance and az
a consequence prices rule weak. This remark
will apply specially to poultry, vegetables and
fruits, such as apples, pears and peaches. Never
was there a time when these fruits were more
abundant. The -four market is still tame. The
decline in wheat has been the most embarrass.
ing feature of the -four market the past week,
and this has had a tendency to unsettle values
and make holders more anxious to realize. A
decided Improvement was looked for before the
close of August. but it has not been brought
about, and the trade are still waiting for some
thing favorable to turn up. The advices from
Great Britain are not encouraging. Prices are
too low there for EXPORT movement. and other
countries are underselling us both in high and
low grades. The undertone of the market is
somewhat encouraging and points to higher
prices in the near future, but this has been the
case for some time, and large supplies and low
prices are as prominent features of the English
and continental markets today as they were a
month or two ago. The London correspondent
of the New York Financial Chronicle says that
transactions have throughout been of q hand
to-mouth character; but while operations have
been limited, the trade has not been destitute of
steadiness. Wheat values have remained about
the same, with a firm tendency for late arrivals,
and with spot parcels fairly well held. Crop
prospects may now be said to have been fully
discounted; and although English farmers. given
favorable atmospheric conditions. will secure a
good wheat crop, the deficiencies abroad will
have to be reckoned with. The statistical posi-
ton IS evidently becoming less favorable to the
buyer and more advantageous to the grower.
GRAIN.
A steady but not higher market covers the
local situation. The Board of Trade Price Cur
rent says of wheat: Local markets may be quoted
as steady and firm at quotations; a good local
demand for choice grades has toned up feeling
and buyers are more numerous than sellers.
Futures not wanted or else are touched very
cautiously. Receipts continue fair. Markets at
other points are all higher. We quote:
No. 3 red, o. S219
Understandable. 65
Corn-In local circles we note a frmer feeling,
with prices q shade higher; sales of No. 2 yellow
were made on call at 44c track. Receipts are fair.
Futures not In demand. We quote:
No. l white, 0. 43
no. z whlte' Q. 20
No. . white, o. AZ
No. l yellow, 0. A
No. ) yellow. o. 4212
No. = mixed. o. 43
y - ulIAeu, o. 81
Yellow sound ear, o. AZ
~Oats-Steady; offerings not quite so free as
yesterday. We quote:
No. 2 white, o. 26
Light mixed. o. 2412
MlNSo, De. "a
ReJecteu. o. 10
Unmerchantable, o. 10
Rye-No. 2, nominal.
Bran-Dull; 81. 80 bid; no sellers.
~Hay-Choice timothy. 1913. 90 bid; no sellers;
No. l Timothy, ST.. IS bid; held at $l2.
RECEIPTS By RAIL PAST TwENTY-FoUR HOURS.
Wheat. bushels rs. 800
Corn. bushels S.4OO
Oats, bushels. 25 200
GRAIN IN STORE
Au0 DC 1904