The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-07
INDIANAPOLIS MARKETS.
Fairly Active Observation-Disclosures Compare
lively Easy-Merchants Cheerful.

INDIANAPOLIS, July g.
The week opens with fairly active markets,
and bills falling due July l, have been met
in the main with commendable promptness.
There is a general belief among merchants that
the coming six months volume Of business will
show a handsome increase over that of the first
half of the year. The New York Shipping List
says of the condition of trade:
1.-THE experience of the past six months has not
been specially fattering or encouraging TO those
interested in commercial or industrial enterprises
and after giving due consideration to all the
favorable features that exist as well as the hope
full character of the future outlook, feeling of
uncertainty and distrust prevails and there is a
disposition to curtail rather than expand the
field of operations. Nevertheless it cannot be
said that the half year just closed has been al
together barren of results, and that no salts
factory progress towards recuperation has been
accomplished. AS compared with January last
the present condition of trade and industry
shows marked as we'll IS substantial improve
ment, and If the mover MT has been slow and
in the main disappointing, it has nothwithstand-
ing been upward and onward and we have been
steadily nearing the point where the natural re-
sources of the country and the spirited enterprise
of its population will neutralize and overcome
the errors of the past. A vast amount of in
debtedness has been hquidated, production has
been curtalled, thereby restoring the equilibrium
between supply and demand; the cost of manu-
featuring has been cheapened, in harmony with
the general shrinkage in values that has taken
place, labor problems have been satisfactorily
ad iuSted, there has been good foreign demand
for produce thereby increasing the credit side of
our foreign trade balance, and financially the
country has never been sounder than it is to day
All this has been accomplished by the practice of
rigid conservatism and the fact that business
still cling tenaciously to this method of CON
Quoting their affairs is one of the most hopeful
| signs of the times. Visionary and rash specula-
ton has found little support but sound business
ventures have met with ready response. The
| profits of trade have been narrower compared
| with recent years, competition has been keen,
! and therefore the general tendency to complain,
| but the vast volume of business transacted dur
| ing the past six months has in reality enriched
! the country and increased it's material wealth
| We have not only earned our bread and butter
| and paid all running expenses, but furthermore
| have laid something by"
| Locally there are few changes III values calling
| for special mention. In the dry goods market
| there were some changes in quotations. about
| equally divided so far as advance and reduction
! are concerned. The sugar market is firm; stock
| reported light in Eastern markets. Other grocer
| les unchanged. Chickens dropped , cents per
pound, and still are too high to admit of their free
consum ,DtiOn. Eggs are dull, large surplus
| going into cold storage Vegetable plenty and
| cheap.
| The local market opened steady and held such
position through the day Attendance on Change
| fair; bidding quite spirited The Board of Trade
Price Current says: Wheat rules easy, and
inquiries confined to small lots. Receipts very
small. Futures show weak feeling. We quote:
| No 2 Mediterranean 0. NEUTRALITY-SUSPICIOUS.. 50
| No Mediterranean o. Observation-Disclosures. 81
| No 2 red o. Observation-Disclosures. 93ls
| No. 3 red. o. OBSERVATION-DISCLOSURES. SO
July o. ~
| August, o. t------- -------------------- ~
| Corn-Prices steady for all grades. Cash de
livery in fair request Receipts light. Futures
dull We quote:
| No. ] white, o. t-------.--....-.-..-.-.-- so
No. s Wlilte, o. t-..--------- % .
| No. L yellow, o. t--------- a.
| No. 2 yellow o. ACKNOWLEDGEMENTS. AGA,
| No 3 yellow o. NEUTRALITY-SUSPICIOUS.. As
| No. = mixed o. c------ 4b -
Mixed ear, o. t. I'D l9
Oats-Steady. with fair demand for cash de-
| livery. We quote:
| Light mixed o. t "a
| Rye-No. 2, nominal
Bran-Steady; $12 50 t. o. b. bid; held at $l3
1 Hav-prixna 1imothv dull balA 40 Witt,