The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-10

now thought, will produce 81 600 600 bushels of
wheat, which is nearly double what the State
Board of Agriculture would allow month ago
The weather has been very favorable to wheat in
Minnesota and Dakota, aud from every direction
come favorable reports regarding the oats and
hay crop. and prospects for big corn crop, and
the business situation generally. notwithstand-
the fact that the volume of trade the first six
months of the year fell below expectations. is
more encouraging. The decline in the volume
of liabilities of the failures indicate that
the mercantile community has reefed sails
cessfully and prepared to scud under bare poles
During the first quarter of 1885, there
365S failures. the largest number ever reported
but the average liability was only $12 Co.'S for
the second quarter, the number was 2346 the
largest since 1878. but the liability averaged only
$l2O9l against $3S, 00C for the same quarter last
year Only once in the last ten years has the
liability of this quarter been smaller than now
These figures indicate that it is the smaller
Germs which are suffering at this time, and that
the large dealers have either uccumbed before or
have pursued a cautious policy until they can
weather the storm The jobbins merchants adj
NIT that the volume of goods marketed during the
past SIX months IS fully up to that OF
the same period last year. The flour
market is still tame. The trade is purchasing
only for immediate wants. and 1t is doubtful II
1t wakes up for some weeks to come, as during
the hot DAYS of July and August dealers do not
care about carrying any considerable stock
The winter wheat harvest is progressing, and in
the new wheat is understood to be good where
harvested. Notwithstanding the dizziness of the
market the consumption of flour goes on here
and In Europe, its cheapneSs article of
food is SO apparent. The trade while purchasing
in small lots is compelled to come to market
oftener, and the average business has been
fair one. 1t is estimated that more than half
the flour mills of the country are now idle. and
if they remain in this condition for any length of
time holders may bring the price up to the cost
of production. With grocers thus far this week
trade has been excellent. Sugars still maintain
their strong position. The produce markets are
active, small fruits arriving more freely Prices
strong.
The local market is little stronger in tone
and dealers show more interest The Board of
Trade Price Current says of wheat: The local
markets rule steady at quotations. Fair demand
for cash deliveries Receipts very light Futures
weak yet showing some activity. We quote:
NO. Mediterranean o. OBSERVATION-DISCLOSURES. 80
NO. 3 Medlterranean O. Observation-Disclosures. SS
~ " re- - --'--------"------'------ g
Gully, o. t........................ 921e
August, o. Sig
Corn-Sellers are holding stock firm under
light receipts Dealers keeping close to Shore
only anxious to supply present necessities
Futures dull We quote:
No. white, o. So
~ "Iluc u u 4
No. white, o. ACKNOWLEDGEMENTS. 4934
NO "hlte ---------------------.---. 40
No. yellow, o. ACKNOWLEDGEMENTS. AT
No. yellow, o. AT
No. yellow, o. Observation-Disclosures 46
No. mixed Observation-Disclosures. 40
No mixed, o. 46lo
No. mixed, 0. ACKNOWLEDGEMENTS. As
White sound ear o. Observation-Disclosures. 40
Mixed sound ear @. t..---.-.....-..-...---. Al u
Oats-In very feeble demand. Futures weak.
We quote:
No white, o. OBSERVATION-DISCLOSURES. 351o
Mixed o. Observation-Disclosures. 32l4
August, o. ACKNOWLEDGEMENTS. "a u
Rye-No. 2, nominal
Bran--Dull; $l2. % bid no sellers.
Hay-No l timothy dull; held at $14 without
bids.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Corn bushels. ...--..--..........1O,2O 200
GRAIN IN STORE.