The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-31
INDIANAPOLIS MARKETS.
The Situation Encouraging-No Disposition
Shown to Speculate.


INDIANAPOLIS, Aug. 90.
Although t.ade in the week closing to day has
hardly reached the volume of the second and
third weeks of August, it has been encouragingly
large, and there has been no disposition shown
to speculate, but, on the contrary, merchants
buy with caution and arc asking only short
credits, comparatively speaking. 1t is quite evil
dent, however, that business men have plucked
up courage to venture little further away from
the shore, have resolved to replenish their
depleted stocks, and thus take advantage of low
prices and the promising future that seems to De
slowly developing But there is nothing phenom-
email in the present improvement. This is the
season of the year when trade usually revives
after period of summer dizziness, and the
autumn demand" has always been looked for
ward to as likely to bring the first evidences
of quickenine activity that later ON results
from the marketing of the crops This year
have moved out of great depression,
with all its consequences and surrounding cir
cumstances, into brighter prospects, and it is
only natural to find every one keenly alive to
the change that is gradually taking place. but
thus far the improvement has not become
general, and scarcely warrants the assumption
that every department of commercial activity is
about to fall into line and move onward
and upward, Or in other words. there
is great danger that merchants will
expect too much The grocery market
continues active. The bulls are having pretty
much their own way with sugars and prices
to-day were &c higher East Coffees rule steady
and firm tone is shown in nearly all staple gro
ceries. Choice butter continues in demand. and
prices are steady. All kinds of fruits and vece
tables IN good supply and easy in price. Live
chickens coming forward more freely, but prices
are still maintained. Lemons and bananas in
better supply and prices tend lower. Dry goods
men report that the trade breeze continues to
fairly fill the sails of merchants;
the speed, however, is not dangerous,
but entirely satisfactory The week
under review shows a volume Of business better
than any corresponding week since 1882 and
indications point to a continuance for at least
month to come Manufacturers of many lines
OF staple goods have disposed of their surplus.
and have no trouble to get orders at an advances
in price of to 10 per cent. IF the production
does not exceed the demand, a firm and advanc-
ing market throughout the entire season will be
the result. This is in the hands of the
manufacturers. 1t is great satisfaction to all
concerned to know that the tide of prices has
turned, and that the bottom has been reached.
There is no boom wanted A steady demand at
remunerative prices is all that should be de-
sired.
nc lOC6t IudfheG is III MUCH Cue same pOSAUlon
as'for two or three days past. The blockade
continues to check the movement somewhat, and
dealers therefore bid cautiously. The Board of
Trade Price Current says of wheat Markets
steady at quotations. Fair demand for cash de-
liveries. Futures dull Receipts liberal" We
quote:
No. Mediterranean, o. NEUTRALITY-SUSPICIOUS. 90
no z red, o. ACKNOWLEDGEMENTS. 81
No =
Corn-Prices and feeling about in the same
position yesterday. Fair demand and offer
ings for cash shipments Receipts good. We
quote:
No. white. o. ACKNOWLEDGEMENTS. 4412
NO. white, o. ACKNOWLEDGEMENTS Al
no. = yellow, o. t-----. Al
No. = mixed. o. Recommendations. 43
Oats Quiet, and inquiry generally confined
to local necessities. Futures dull We quote:
No. 2 white, o. 27l4
Light mixed, o. ACKNOWLEDGEMENTS 241e
Mixed o. Observation-Disclosures. 24l9
Understandable, o. Observation-Disclosures. Is
Rye-No. 2, quiet; SIC bid no sellers.
Bran-Quiet; $ll. 70 bid; no sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
" neat onsheis ----.-------.-..---.-.-. 800
Oets, ouSneis- "a, ZUO
GRAIN IN STORE.
Aug. %, 1885.
Wheat Corn. Oats. Rye.
Elevator A.. 13o93S 2s,sos s5, o54 772
Elevator b.. 81 600 27, 1000 100 900 299
Capital Elevator 40 600 3,000I 1000 ....
M Al al