The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-01-16
TRADE AND COMMERCE.
The Flour Market BuOyant and Active -
Rapid Advance In Prices.

Rapid Advance In Prices.
INDIANAPOLIS. Jan. 49,
The -four market generally is much better.
The tone and indications are that the cloud
which has lowered over the article for many
months is about to pass off. The Boston Journal
says; THE excitement in the -four market has
continued, and the trade have been completely
surprised at the rapid advance in both flour and
wheat The article had been dragging along for
months, declining FIVE or ten cents per barrel al
most every week aud it was thought that when
the turning point came the advance would be on
She same gradual scale Prices of choice spring
patents are now from IS to 81 per barrel higher
than the lowest point. winter wheat patents
from so to rs cents higher, and winter wheat
rollers from % to so cents higher. Before this
advance took place we repeatedly warned the
trade that prices were unreasonably low, that an
advance in prices was certain, and if they have
not profted by our advice it was not our fault.
Even now we look upon the prices of all the
brands of spring and winter wheats as
quite low, far below the average for
many years past and it appears to
MS that the advance will be sustained The
business is no more profitable to millers now
IMAM previous TO the advance, rs Tue cost OF pro-
duetiOn has been largely increased by the ad-
vance in wheat. Foreign adYices are also quito
favorable and it is believed that English and
continental markets will fully respond in sympa-
Thy with tho upward movement on this side.
The demand is not SO active as last week, as
some buyers are hesitating to stock up, but
holders have full confidence In the future of the
market and are indifferent about selling, unless
full current rates are obtained" The New York
market has also been quite excited and adyanc-
frcp hn Nauy VnrL prndn
1--WE have had quite an active and buoyant
-four market since this day week. Fancy
straights and patents have been IN active de-
mand especially spring patents, and have rap
idly advanced; indeed, the improvement has
been so rapid as to take the trade quite by sur
prise This sudden change is due to the fact of
second and third class dealers throughout the
country being without any stock of moment, and
most bakers had less than their usual quaint
ties hence when they came into the market
for their usual supplies our light stocks sooE
became beautifully less. and receivers of
favorite brands found no difficulty in advancing
prices daily. Other patents, not so we'll known,
hut OF excellent quality. soon found buyers at
rsuch higher prices" locally, in the general
merchandise markets, to-day brought no new de-
Telopments. Sugars are stronger, advancing one
eighth Of cent; coffens steady, with fair move
nient In the produce markets the demand for
almost everything continues of hand to mouth
character. while in regard to valties there have
been but few changes for several days past
Choice butter and flesh receipts of dressed potil-
try continue to meet with "a. ppetty ready sale
Green apples moderately active, and the same is
true Gf Irish potatoes, but prices are no better
The egg ffirket shows more strength; eggs ait
tance two cents per dozen. Hog products il
lair demand and prices steady asquoted
GRAIN.
The cloud passed of Of the local market to-
lay and all descriptions Of cereals were III good
demand at frmer prices. The Board of Trade
oricG Current says Of wheat, ut is frmcr and