The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-09
INDIANAPOLIS MARKETS.
Business Goes Along Steadily, Leading Last
Year in Most Departments.

Year in Most Departments.
INDIANAPOLIS, July s.
Genuine summer weather is upon us, yet
trade seems little affected thus far Business
goes along steadily, maintaining a decided in
crease in value over last year. A strong tone
exists in manufactures generally, and con-
sumption continues to dispose of the current
production, so that stocks on hand remain
light Prices in most departments are steady
and firm. The strong tone to the wool and the
provision markets is fully maintained and hog
products are moving in larger quantities than
at any time for many months past The prod
uce markets are fairly active; eggs rule steady
at quotations; young chickens advanced one
cent per pound; butter is arriving quite freely.
and prices show less strength. Watermelons
are plenty. and prices are not specially
strong The berry market is we'll supp lied
and for choice fruit our prices are readily OBJ
tanned In groceries there are no new features.
AS for some days past sugars huctuate from day
to day within range of one-fourth of a cent.
The New York Shipping List takes rosy view
of the situation. In it's last issue it says: 9Th
second half of the calendar year opens under
favorable auspices with respect to commercial
and industrial AFFAIRS and seldom has the bust
ness situation presented more encouraging feat
ures than at present. During the past six
months trade has been distinctly conservative in
every sense its recuperative power has been
amply demonstrated by the substantial manner
in which labor strikes and many other disturb
ing influences have been overcome, and its
healthy character is shown by the steadiness
with which values have been maintained,
and any tendency to overtrading and overpro-
duction avoided. 1t is true that the sanguine
expectations with which the year commenced
have not been realized. The improving tend
ency of trade has been frequently checked and
delayed, and the prosperity of industrial affairs
threatened by labor contests and the proftless
struggles OF the wageearnerS; but If the results
| of the past six months have proved disappoint-
ing, so far as developing commercial activity is
concerned. nevertheless much has been accom-
| plished in clearing away the distractions that
hindered progress, restoring confidence, and
preparing the way for future improvement. The
| prosperity Of trade is very largely dependent
| upon the satisfactory and harmonious employ
| ment of labor, and when this is assured the
| channels of consumption are not only unob-
| structed but likely to expand"
GRAIN.
The Board of Trade Price Current of to-day
says of wheat: 'orhe speculative boom has
| waned somewhat since yesterday and prices are
about two points below Wednesdays quotations,
and the feeling is feverish Prices are fuctuat
| ing both in local circles and elsewhere to such
an extent that buyers are cautious and are gov
| erned a good deal by order demand Local re-
| ceipts are showing up 1rst-class. only three cars
/ of new wheat going off grade. We believe that
| the Indianapolis market can offer better induce
| ments to the Illinois and Indiana producer to
| sell or consign to our dealers than any other
market Quotations at other points are al
weaker and lower" We quote: