The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-16
INDIANAPOLIS MARKETS.
Trade Good for July, and Conditions Still
Encouraging

INDIANAPOLIS MARKETS.
Trade Good for July, and Conditions stiIl
Encouraging.
INDIANAPOLIS, July 10.
"Trade is good for July" is the more common
remark as one passes through the various COM
mercial departments, and merchants generally
speak of the conditions as being such as to in
sure a good fall trade Grocers report trade
ahead of the usual July average thus far this
month. Sugars are hardly as strong, but
not quotably changed. The circular of Messrs
Willett, Hamlen & Co. says receipts have fallen
off from all countries except Cuba. Withdraw
ais from warehouses have been small as it is to
be noted every other week latterly, and this
week will show large, and show larger
home consumption also Stock in all hands
continues at about the highest point of the year
as is usual during July. The volent fuctua-
lions and irregularities of the London market
have enabled the first purchase to be made
there for our side, and, with this steadyfng fea-
ture, it is to be expected that that market will
take on more regularity, and the two markets
move steadily together toward the prices to be
reached by reason of the great deficiency of the
beet crop, the estimates of which remain I'M
changed aud toward the average price of forty
sugar transactions, except with local speculation
and for Spain, for which good business is do
ing. She knows that all her sugars will be
wanted, even with 15O, 600 tons brought from
Europe, and her holders are patient
100000 tons The coffee market is fea-
tureless. Dry goods men report trade
as fully up to summer month volume. Little
is doing except to replenish stocks. Eastern
papers state that wool has been quite active
no 1Offh a
clip. Prices at the interior remain above the
sea board basis, and it is a good point for the
statistical position of wool that buyers rather
than sellers have been making the bulk of con
cessiOns. Another point brought out in q wool
circular last week was that washed feeces gem
orally were lower July than at any time for
twenty years. The nearest approach to present
prices was made in July. 1876 The chances
must be in buyers favor when staple commo-
dty, under natural conditions. sells lower than
it has sold for twenty years. Printing cloths are
selling at the lowest price recorded in
the history of the trade. There is quite
a strong disposition in some sections
to suspend production in July and
August. but the Fall River mills have not been
able to agree upon any stopping movement The
inference fairly drawn from these facts is that
staple goods are in a position where they cannot
60 a great deal lower. In times like these buy
sometimes regard the surface indications so
closely to fail to notice the broad view of the
case. A fall of cent or two pound in wool, or
dollar or two a ton in iron is just great in
itself at one time at another that is, if man
buys iron at $l7 ton and the price falls to $l5
ton the loss is the same as if he had bought at
$37 and the price had fallen to $685. yet the loss is
quite different In the mind of the buyer, because
III the former case he can be confident of recov-
cry, while in the latter he cannot In the pro-
duce markets there is nothing new to note.
GRAIN.
The local market was not so active to-day as
Tuesday. Dealers took hold with more caution.
The Board of Trade Price Current says of
wheat: Local markets are a shade lower and a
rcarcity of choice stock makes market somewhat
nominal. Futures touched cautiously. Re
ceipts very light. We quote:
No. 9 Mediterranean 0. ACKNOWLEDGEMENTS. 90
No. 3 Mediterranean. O. ACKNOWLEDGEMENTS 95
no. Z req, o. t.---.-- ---.-----------..--. 30
No 3 red O. ACKNOWLEDGEMENTS. 80
July, O.. Observation-Disclosures. 81
Corn-Local markets show very little change
from yesterday Receipts fairly liberal; order
demand for interior points good; futures dull.
We quote
No. white, O. 5l1e
No. yellow, o. ACKNOWLEDGEMENTS. 4612
SQUAD ear, white o. ACKNOWLEDGEMENTS. SO
Sound ear mixed, o. ACKNOWLEDGEMENTS. AS
Oats-Choice grades in good demand; futures
steady. We quote:
No white o. OBSERVATION-DISCLOSURES. 37la
August, o. t. 254
Rye-Continues nominal.
Bran-Steady; quiet; $l2f. O. b. bid: no sellers
RECEIPTS By RAIL PAST TwENTY-FoUR HOURS.
Wheat bushels. Observation-Disclosures. 200
Corn, bushels ...13, 200
GRAIN IN STORE.
July Il, 1885. 81