The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-26
INDIANAPOLIS MARKETS.
The Depression Which Has Brooded Over
Business Circles Disappearing

INDIANAPOLIS, Aug. 25.
The chronic croakers are obliged to admit that
the depression which has brooded for nearly
three years over business is gradually passing
off, and the skies, with the promise of a big
corn crop. are Frightening. While wheat rules
low in price, it is said a larger per cent. in pro-
portion to the crop raised has been been placed
on the market than usual. and the oats crop is
now moving briskly, and with this comes an
increased distribution of money, aud in
its trail comes the revival Of other industries,
and it is quite evident that unless
an early frost blights the expectation of the i'm
mense crop, fall trade will reach the volume
anticipated by the more conservative business
men, and it is to be hoped that it will not reach
the volume which aspeculator may desire. The
August trade with dry goods men has been quite
satisfactory. In several lines there is marked
tendency to higher prices. Hardware dealers
are we'll satisfied with the extent of their trade;
say 1t has exceeded their expectations for some
weeks past. Leather dealers speak of trade as
looking better. The hide men are blue still,
but expect better things next month. Grocers
are having a good trade; the steadiness in prices
is in their favor. All feel a little sore that they
have not on hand a larger stock of sugars so we'll
have the bulls the market in hands The pro-
vision men are quite encouraged over the upward
turn hog products have taken. This market is
well cleared of hams, there being less than 500
tierces now here to. be sold, and q brisk demand
has sprung up for short ribs. One packing
house yesterday shipped ten carloads to Mobile,
Ala, and could have sold their entire holding
yesterday at 6 Coo. j. E Sullivan, in his Price
Current, says: 1.-THE quotation on butter re-
mains the same as last week; there is a good
demand for first-class stock. No change in eggs
from last week, and still paying 1Oc, candled.
Though the receipts of poultry are lighter, the
Eastern market is still overstocked, and has had
no chance to recover from its condition men
toned in last weeks quotations."
GRAIN.
The local market was in better position to-day
and dealers showed more nerve in their bids.
The Board of Trade Price Current says of
wheat-Local markets have toned up decidedly
on choice grades, in sympathy with improve
ments at other points, and also, the fact that
most of the grain arriving is off grade, and has
put a premium or No. 2 red, sales of which
were made on call at 88c track. In consequence of
general rains, receipts have materially de-
creased; futures lifeless. Eastern markets are
more active and higher. We quote:
No. 2 Mediterranean, O. SS12
NO. Z red, o. 80
NO. 3 RED. o. 80
~Corn-Sellers outnumber buyers and market
is about at a standstill. Feeling is not very firm,
however, and We note sales of sound ear made
after call at 42ac. Futures not wanted. Receipts
less liberal. We quote;
No. l yellow, O. a.
NO. Z yellow, o. 43i9
Oats-Fair local demand. but prices are not
very firm. Receipts not grading well. We quote:
Mixed o. -
heJec1eo' o. 10