The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-03-05
INDIANAPOLIS MARKETS.
The Weather, the Condition of Country Roads
and The Financial Situation Favor Trade.

The Weather, the Condition of Country Roads
and the Financial Situation Favor Trade.
INDIANAPOLIS, March 4.
Better weather, better country roads and a
better financial condition to stimulate trade could
not well be got up. Said an old Meridian-street
merchant: Business with us is brisk. Country
merchants who had light stocks show a DISPOSE
ton to increase their stocks. are paying their
bills promptly. and. in fact, in many cases, are
paying spot cash for goods. This may seem
somewhat exaggerated, yet that business is on a
healthy basis, and that the outlook is favor
able to Indianapolis wholesale men do
ing q good March business must be
admitted by the most chronic grumbler.
There were but few changes to-day. Eggs tum-
bled another cent. Budd 6 Co., in their price
current Of to-day, say: I'VE are compe lied to
put our price of eggs lower again to-day. Re-
ceipts are extremely heavy. We ADVISE our
shippers to get their price down to 10 cents. 1t
now looks to us as if extremely low prices must
prevail this year. Poultry has been very low all
winter, SO there is a large quantity of laying
hens in the country. Keep your surplu us coming
as fast as gathered" The provision market
seems to be frmer in tone, and a better demand
is again noticeable. The shipments of meat and
lard from Chicago during the month of Februa-
ry, 1886, were IL, 000, 600 pounds in excess of
those of February, 1885, and Ga, 900 more live
hogs were shipped out last month than during
the corresponding month last year. The flour
market is more active, and a frmer feeling is
noticeable. The Boston Journal. says:
IA better feeling in the -four market has at
| last prevailed, but it is questionable if it con-
tinues for any length of time. The trade have
| purchased with more confidence, and it appears
| to us that prices are low enough to purchase with
confidence even il the markets abroad do not
/ come up to expectation. We have probably
| reached the turning point both here and in Great
Britain, and orders fog consumption and for ex-
port are more numerous with Western millers.
We cannot, however, EXPECT any decided
change in markets abroad when the sup
ply keeps up to such large proportions.
The value of whet5 in Great Britain
is some 3 shillings per quarter less than at this
time last year, or 20 shillings 4 pence against 80
shillings 4 pence in 1885, and it will take time to
impart the requisite confidence to the trade. The
London correspondent of the New York Financial
Chronicle says the spell of sharp weather
through which we have just passed affected values
very slightly, and with the withdrawal of that
influence the weak tendency is again asserting
itself. The statistical position remains much the
same. Imports have been about the average,
and the excess in the gross receipts over last sea-
son is kept up. The American visible supply has
decreased somewhat, but is fully ten million
bushels more than last year. On the other hand,
the quantity of wheat and flour ahoas to the
United Kingdom exhibits a distinct falling off
from last year. The stocks on hand, however,
show material increase. Statistically, therefore,
| there appears to be nothing to advance, either
for or against any appreciable variation in quo
~tations. and it is quite possible that if the agri-
cultural outlook keeps favorable the depressed
tone may become more confirmed The latest
| advices, however, are more favorable, but this
was brought about by the better feeling on this
SIDE"
GRAIN.
The local market ranged at about Wednesdays
prices. There was more disposition shown to
trade, and really more life to the market. Prop