The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-10-22
INDIANAPOLIS MARKETS.
Trade Frightening Up Observation-Disclosures That
Is Discouraging in the Outlook.

Trade Frightening UP Somewhat-LittIe That
Is Discouraging in the Outlook.
INDIANAPOLIS, Oct. 21.
Trade is again Frightening up somewhat, and
to-day the dry goods men and the grocers and
produce men were all quite busy, and indca-
lions are for cooler weather, further improve
ment may be looked for. In prices there were
no changes of marked Importance. The bulls
still have coffee well in hand, and prices are
strong at the recent advances. Sugars are un-
changed, with prices lower than ever before
known to be- In the produce market, while
more is doing, prices are no better. The -four
market shows but little Representations in
prices, but slightly better demand. The
demand however, has tended to make prices
little firmer. The Boston Journal says of the
-four market: buyers are still moving cautious
ly. but there is an inclination on their part to
purchase in larger quantities than formerly
The demand from English and continental mar
kets has also improved, and it is quite certain
that American -four is growing in favor in all
continental markets. France has become
an extensive consumer, and with their
reduced crop of wheat we may look
for an increased demand from that
country for both our wheat and -four. Germany
is also beginning to appreciate our -four, and but
for the discriminating tax large quantities would
be consumed there. Both wheat and flour have
been forced down to the lowest prices known for
years, and, as we have said before, it will not
take very great effort to put them back again
on basis which will insure some profit to the
millers. The advices from eastern Europe are
of warllke character, and hostilities are ex-
pected between Russia and Bulgaria, which will
complcate the other powers. These advices
have of course had stimulating influence on
the wheat market here. The suspension of mill
ing operations at Minneapolis has also helped TO
strengthen the situation of -four. Taking all
things into consideration there is considerable
foundation for an improvement in -four
but holders are inclined to wait
before making any advance in prices"
Among the evidences of legitimate revival of
business wholly removed from the domain of
speculation is the improvement which is now oc-
curing in the iron trade. During the first half
of the year 1886 this leading interest did not ap-
pear 20 respond to the hopeful sentiments of
other branches of business but within the past
two months substantial change has occurred in
the iron market. Despite an increased produc-
ton of 800. 900 tons of pig-iron during the first
nine months of the current year as compared
with the same period of 1885. the supply has
been fully absorbed by consumers and there is
no accumulation in the hands of either producers
or distributors. The production of iron in the
United States for the year 1886 now promises to
be the largest ever known, and 1t will all be used.
GRAIN.
The local market to-day ruled stronger than
on Wednesday for all cereals, and on Change
more interest was shown in early deliveries of
wheat and corn than at any call for some days
past. Receipts of wheat are liberal, and the ar
rivals of corn large and grading we'll Prices
to-day ranged as follows:
Wheat-No. Mediterranean ....... 73ia
No. 2 red. ........--.........7 3lo
No red .............-............7o
November. ................-........7 1919