The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-13

work of the farmer has been most unusually de-
layed. Reports from the great wheat growing
States of the Northwest state that the winter
crop has been LARGELY injured by the cold and
stormy weather. Flowing and planting in this
latitude should now be pretty well finished, but
unfortunately, the work Of breaking up the
ground is only beginning and this backwardness
on the farm Is characteristic Of all sorts and
conditions of trade. 1t is probable that within
the next few days the weather will be settled and
warmer, and that with its changed condition will
come mercantile activity. The goods have been
manufactured, the merchants nee d them, and
the business of transporting them from the fac
tories to the stores will become active. A spring
trade cannot, of course, be wholly lost, but this
year the prospect is that it will be con-
centrated into few weeks instead Of being,
as usual, extended over several months
But so long as the present chilling and
stormy weather continues our manufacturer
and merchants must be patient and hopeful
1t the condition of trade does not improve it
does not grow worse, and in times like these
chat is a matter for congratulation. In manu-
features generally there as been no retrogade
movement The winter wheat reports of the
past week have ended whatever hope existed
that large crops will bring prosperity next fall.
The wheat crop, there is no manner of doubt,
will be one-ffth, lift is not fourth; short
In 1879 the wheat crop averaged ten bushels a
person and 700 bushels per mile of railroad; this
year the crop will average six bushels a person
and 333 bushels per mile of railroad With a
good corn crop and the very large increase in
the meat supply of the country apparent in tho
last return of the Agricultural Department, the
short wheat crop may prove less serious in its
effects than now appears likely Wool
market is fairy active. The Boston
Journal says: 1--WE cannot report any improve
ment in prices. The stock of desirable wool is
considerably reduced and good selections are
erlt f0 ind Init at i'm n
scarcity. Manufacturers who have been making
contracts for goods for some months past have
always purchased sufficient wool at the time to
complete such contracts and they are in posi-
ton to resist any advance that may be asked by
growers. All the business done in goods lately
has been based on current quotations of wool,
and any dispoSitionIto advance the price OF wool
would have a tendency to check the demand for
goods, as manufacturers have been selling at a
very small margin and cannot afford to pay any
increased price for raw material The business
in goods has been more satisfactory than for
some time past, but the trade has been disap
pointing and not fully up to expectation Our
manufacturers still pursue the conservative
policy of working on orders only, and future
trade is not likely to be embarrassed by any
large surplus stocks. There is no prospect how
ever, OF any decided Improvement. Both manu-
facturers and wool dealers will probably have to
do business on small margin for some time to
come The grocery market is reasonably
active sugars and coffees both firm
at quotations. The produce markets are active.
Budd d Co. in their price current say of eggs
Receipts are lighter and a more steady demand
from our city trade enables us to advance our
paying price this week. Butter Little or no
good country roll coming, but market very much
overstocked with common and inferior grades
Poultry: With light receipts, and better market
East, we are enabled to pay you higher prices
this week, excepting for geese and ducks, which
are virtually out of season." Arrivals of pota-
toes are large; prices weak. Receipts of straw
berries are more liberal, prices weakening.
GRAIN.
The local market was in full as strong po-
sition to-day as on Monday. The Board of
Trade Price Current says of wheat: The firm
feeling in local circles is well maintained and
quotations are shade higher than yesterday
Under light receipts all gradable stock will read
lily bring full quotations. The effect of generally
light receipts is in the large decrease of the
visible supply, which is over million and half
bushels. Farmers are too busy and too indiffer-
ent at present to pose as free shippers, evidently
preferring to wait and figure on the probable
yield of the present growing crop and the per
cent. of the alleged great damage. We quote:
No. Mediterranean, o. t---.--.---...-.....$1.O 7
No. 3 Mediterranean o. ACKNOWLEDGEMENTS. LOG
No. 2 red, O. t.. ACKNOWLEDGEMENTS. LOS
No. 3 red o. ACKNOWLEDGEMENTS. LOO
June, o. t 1OOi2
Corn-Local circles continue in about the same
position as yesterday, with both fair demand and
Offering. Futures quiet, with few sellers and no
buyers. Receipts light and shipments on ly fair.
Seaboard generally lower. We quote:
No. 2 white, o, SO
High mixed, Observation-Disclosures Asa
MIXED, Q. t.--- ---.------..----.----. 49l4
Rejected mixed, o: t.; Asa
o. IT,.