The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-17
INDIANAPOLIS MARKETS.

INDIANAPOLIS MARKETS.
Trade spasmodic in It's Character, Yet
/ Ahead of the Average june Volume.
INDIANAPOLIS. June 16
Merchants speak of trade as being spasmodic;
| one day they have all they can do, and the day
following it is sluggish: yet all admit that the
volume of business the first fifteen days of June
has been above the usual average in volume, yet
| they draw but little comfort from this, as the
season is two weeks late The demand for hog
products continues light for the season, although
it has improved somewhat since the advent of
warmer weather. Prices remain unchanged.
Home raised garden stuff has commenced to
make its appearance in market, and as soon as it
gets abundant the Southern products will, to a
| considerable extent, be knocked out, as the lat
ter, owing to cost of transportation, commits
sons, etc., cannot then be sold in competition
with the former. Home raised vegetables are
couple of weeks or month late this season, but
promise we'll Large quantities of old potatoes
still remain in first and second hands unsold and
| as new crop are commencing to come forward
! freely The outlook for old stock is not promising.
| The butter market continues overstocked;
prices ruling very low The egg market, well,
! is ofish. Live chickens in good demand, at the
| advance prices of Monday. Sugars continue
firm, but we make no change in our quotations.
which but little more than cover lay down cost.
Some of our merchants make complaint that
sugars are sold too close, but it should be borne
| In mind that all kinds of goods are sold close.
| In commenting the commercial situation an
| Eastern exchange says: There has been less
freight carried by the transportation companies
less activity in manufactured articles, and a de-
creased movement of money. There is an i'm
| DOrtant DrlncIplo being evolved from this
dition of affairs, which might not otherwise have
the means or opportunity of verifcation. This
| principle is, that light stocks and low prices do
not necessarily stimulate activity The opposite
of this is taught in the books with enough plaus
Utility to excite general belief The theory has
plenty of supporters that if stocks are low
although the demand may be dull, if the price be
but made lower activity will result. 1t is an
erroneous, at least defective doctrine All
experience shows that mankind are natural born
bulls as the spectators would call them
They are not inclined to buy on dull and fall
| ing market They are ready enough to buy
when prices are advancing. This is why the
lambs nearly always buy at the top. Men who
are conversant with any line of business should
| know when prices have substantially reached
| bottom. They should know that it is easier to
buy to advantage on falling than on a rising
market, and that it is easier to sell on rising
than on falling market Legitimate business
seems to have fallen into that condition of stag
nation which does not attract capital to itself
and those who have unemployed capital are not
sufficiently versed In particular lines to know
! whether prices are truly aJ bottom or not. This
is evident from the accumulation or money In
| banks.
| cp,1N
| Inc local Market Is ratner tame Stlll, ana TOT
WHEAT and oats nrices are ofish while with LIGHT
| :, =,
rsctlptS Oh corn Jne Market SHOWS more strength
M soo1;a :. a,,1, -i,, - 80 80.
There were a few inquiries for shipping pur-