The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-08-22
INDIANAPOLIS MARKETS.
A Cheerful, Hopeful, Feeling Obtains-Prices
in the Main Steady

in the Main Steady.
INDIANAPOLIS, Aug 81.
The more cheerful and hopeful feeling in
commercial circles continues. A majority of
the country merchants are meeting bills
promptly, and merchants are refusing to sell to
long winded or doubtful customers, consequently
business is improving, but owing to the active
competition nearly every article is sold close,
and money is not being made rapidly as for
merly. The New York Shipping List, which is
very conservative, admits that the commercial
situation continues to give evidence of healthy
recuperation, and while there are still con
spicuous exec ptions to this general remark, the
tendency almost everywhere appears to be
towards improvement, and if any reliance is to
be placed upon the reports received from nearly
all interior points, the volume Of trade is slowly
expanding, with corresponding display of in
creased confidence in the hopeful conditions that
have developed during the past three
weeks 1t seems to DO generally con-
ceded that low water mark has been reached,
or. as business men put 1t, that bottom has
been touched, and henceforward there IS reason
to expect gradual and steady improvement in
all that relates to commercial activity. Since
the current month opened, the most reliable
euideposts unquestonably point towards prog
ress that IS both satisfactory and encouraging,
and as the season advances the prospect contin-
ues to brighten. 1t is scarcely to be expected
that every department Of trade will uniformly
respond to the development OF activity that has
commenced, and hence, because iron. coal and
wheat continue dull and lower in value, it is
claimed that the outlook is still gloomy and dis
appointing; but important as these markets are
IN their bearing upon the general trade, 1t is
nevertheless useless to ignore the marked i'm
prOvement already developed in other quarters
the incoming tide. Locally in nearly all depart
ments, trade is active Especially will this remark
apply to the grocery and provision markets.
The sugar market continues strong, and as will
be seen we have advanced our quotations. Re
ports from the Seaboard state refiners are
sold for the present. Coffee moasses. syrups
etc, continue quiet and unchanged Brokers
report canned goods trade very dull; that buyers
are holding back in expectation of lower prices
and the probability is that some of them will
hold too long. The egg market is generally re-
ported dull and while it continues so no improve
ment IN prices reasonably be looked for.
The supply of strictly fresh is not large, but
fully equal TO present wants. The consumption
IS always light at this season of the year
Choice butter ara fine mild cheese continue in
demand and command full prices. Irish potatoes
are In better supply again, but with steady
demand prices are still maintained Peaches
were in better supply, several carloads having
arrived, and prices ruled lower Plums and
berries continue to meet with very fair de-
mand. The provision market is still under a
cloud. sugar-curcd hams being the only descrip-
ton Of hog products for which there is really
any demand.
While the indianapolis market bears tame
tone prices are better here than in any other
market, st. Louis excepted and dealers take
hold with considerable earnestness. The Board
OF Trade Price Current says of wheat: While
no special change in quotations, yet the feeling
is undoubtedly dull and an absence of interest is
noticed. Futures are dull and weak; receipts
continue liberal We ouote
No. Mediterranean, o. t.---...-----.------. S812
NO. Z red, o. $500
i0eJecut"' y. ---------' %
August, o. ACKNOWLEDGEMENTS. 50
September, o. t------ 81
Corn-Weall feeling and under more liberal re-
ceipts we note freer offerings. Buyers are few
and quotations have downward tendency We
quote.
No. white, o. 4412
No. yellow, o. $780, Al
No. mixed. o. t. Al
Mixed sound ear, o. ACKNOWLEDGEMENTS. 40
Yellow sound ear o. ACKNOWLEDGEMENTS. Al
Oats-Dul and weak; receipts larger but
grading badly; futures not wanted. We quote:
No. 3 white, NEUTRALITY-SUSPICIOUS.. 81
Mixed o. Observation-Disclosures. "a
Rejected white, ACKNOWLEDGEMENT 20
Rye-No. 2, dull; Sic bid no sellers
Bran-Quiet; $12 90 bid.
Hay-1imothy, fairly active; sales of No
timothy at 1929
RECEIPTS BY RAIL PAST TWENTY -FOUR HOURS.
Wheat. bushels. ACKNOWLEDGEMENTS 5 400
Corn. bushels IL 600
Oats, bushels. 81 900
GRAIN IN STORE.
Aug 20, 1885.
Wheat. Corn. Oats Rye.
Elevator A...... 5000 24107 1853 TIP
Elevator b.. 16,906l 9141 $500. 299
Capital Elevator 10000 5000 1000 1890.
Elevator d.. 10000 1890. 5000 .
Total Al 0Q5 Rs SQ0I Z5Qi OH