The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-15
INDIANAPOLIS MARKETS.
Favorable Crop Reports Restoring Conf
dence i'll Business Marts.

dence in Business MartS.
INDIANAPOLIS, July II.
Unquestionably the exceedingly favorable
character of the latest crop reports has inspired
more confidence in the business community, and
is causing most hopeful expectations of re-
newal of mercantile activity in the early fall,
and, as well, is favoraby affecting trade at the
present time Not only in Indiana and Illinois
are crop reports encouraging, but in the South,
we'll, crop reports especially large beyond
precedent. The importance of prosperous
South can scarcely be appreciated by the present
generation of business men. For twenty-five
years the South has been in condition of greater
or less poverty. 1t has had capital of it's own,
and has been forced to 60 from home for it. The
South, since the close of the especially has
been living upon borrowed capital, but now. for
the first time the plethoric crops of cereals and
textiles promise to emancipate it very generally
from the bonds of its creditors. Having money
to pay its debts, and its industries being unde-
veloped, the South must necessarily become a
most valuable customer of the North, and an
enormous helper in the needed work of absorb
ing Northern overproduction. In the local
comment. Dry goods men are shaping up
things for good fall trade. and
prices are undergoing no important changes.
The wool market is moderately active. Prices
unchanged The Boston Journal says of WOOL
''There is no pressure to buy and holders are free
sellers at the current rates, although there is
feeling on the part of some that tirmer and
better market will prevail at an early day. This,
however, is very doubtful. Supplies are now
arriving quite freely from all points, stocks are
rapidly increasing in the lofts of our wool houses
and it is evident that manufacturers are more or
less Indifferent about supplies. We do not look
for much activity for the present. Manufacturers
will buy as wanted, and present low prices are
no inducement for them to go beyond this point
especially when goods have to be sold on close
a margin" The provision market is more active.
Orders for sugars-cured meats more
numerous. Prices tirmer, but unchanged.
the market, and prices are weaker all along the
line.
The local market is taking better shape. Deal
ers show more interest, and bidding on Change
was quite spirited. The Board of Trade Price
Current says of wheat: Local markets show
considerable activity, and under fight receipts all
grades will bring full quotations. Good cash
wheat is scarce, and some dealers report their
willingness to pay 95c for No 2 red. Off grades
find ready market at firm figures. Futures
stronger than yesterday Visible supply shows
a decrease of 400 600 bushels during the past
week, an evidence that new wheat has not as
yet begun to move very freely. East generally
tirmer. We quote:
No. 2 Mediterranean o. Observation-Disclosures. 81
No Mediterranean, O. Observation-Disclosures 90
No red, o. 96lo
NO d req o. 80
july o. T. ---.----.---------.-- 70
August, o. J4
Comfortable stock will find ready pur-
Il. f,1lin tafIA