The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-30
INDIANAPOLIS MARKETS.
Trade at Its Lowest Ebb-Both Wholesale
and Retail Business Affected.

Trade at Its Lowest Ebb-Both Wholesale
and Retail Business Affected.
INDIANAPOLIS, July 90.
Ordinary trade is seemingly at its lowest ebb.
With the mercury careerng above the nlneties,
and everybody who is able striking out for cool
pleasure resorts, not much business could be ex-
pected. The larger part of the industrial trade
is in like inactive state. 1t is waiting for the
beginning of the fall business. There is one
thing, however, that is worthy of attention,
which is that there are larger number of work
ingmen employed at the same rate of wages at
the present time than there at the cor
responding period of last year Real mercantile
distress comes only when our great workshops
are idle and our workingmen are cut off from
bread earning Such is not the case now,
and, while there will probably be many
temporary suspensions during August,
there will be no general stoppage of mills and
factories or reduction of wages. Indeed, the
tendency at present is toward a demand Tor in
creased wages in many of the trades. Locally
the market is monotonous; few are the
changes in values that they hardly call for men
ton. The only articles which are really in de-
mand and tending higher are lemons, fat
large spring chickens, choice fruits-such as
peaches and pears-and sugar cured meats
Grocers are having quiet time. Sugars thow
less strength, but the weakness is thought to be
but temporary. The circular OF Messrs. Willett,
Hamlen e Co reports the stock in four ports as
Isl, so tons, against 1S9 1913 tons in 1884 de
crease oS g. 1913 tons as compared with last year.
The consul>2tlon of the United States through
the four ports >>nce the LIST of January, exports
deducted, was Oh 740 tons. against 53l, 820 tons
in 1884, an increase OF g 9l5 tons as compared
with last year The receipts since the LIST of
January have been 100, 436 tons, against 135, 6G3
tons in 1884, increase of II III tons as com
pared with last year. The total stock
in ali hands amounts to 233, POI tons,
against 239, 1879 tons in 1884, decrease
from last year of 5S78 tons. Two important
facts remain unchanged as indicating higher
prices for sugar. viz: The shorter beet crop and
the certainty of imports from Europe into the
United States, and it is noticeable that the entire
stocks of Europe and America steadily
diminishing, and we're on June l only 1902 600
| tons in excess of last year. No change in
cotfees For Java and other mild grades there
has been a steady and firm market, but the
business has been confined to small lots and no
| transactions of any Importance has taken place.
The feeling OF dependency regarding the har
vests has almost entirely disappeared, for.
the season has advanced and truer estimates
were made and promulgated it was perceived
that there were no real grounds for the fears of
the croakers, who seeing the light wheat crop of
the Northwest, concluded that the whole land
was similarly barren. Now that it has been dis
covered that such is not the case, and that not
only is the textile crop exceedingly large, but
that the cereal crop is also fairly bourtiful.
the croakerS have ceased to croak about the har
vest and to concede that there will be enough in
our granaries and storerooms
GRAIN.
Locally the market rules heavy. Dealers do
not show "a disposition to take hold, and on
Change bidding in slow, and caution is exercised.
The Board of Trade Price Current says of
wheat We note a slight reaction, both as to
tone and prices. Liberal arrivals and showing
up well as to quality. Futures show q frmer
feeling. with more inquiries. We quote:
No. Mediterranean o. Observation-Disclosures 81
No. 3 Mediterranean O. t.........9 %