The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-30
INDIANAPOLIS MARKETS.
Summer Sluggishness Broods Over Trade,
with Firm Tone to Prices.
TNpIA p0TTS luna

Summer Sluggishness Broods Over Trade,
with Firm Tone to Prices.
INDIANAPOLIS, June 90.
While trade is hardly down to the average low
summer volume it is By no means brisk as
thirty days ago, or even ten days ago. Country
merchants are buying sparinely as the first half
of the year nears its close, and are showing a
disposition to clean up accounts and begin July
with clean record. There has been a tendency
with wholesale men to give shorter credits. and
this plan is meeting with favor with tho retail
buyers, who in turn are making their customers
pay more promptly In dry goods little ia doing
Indications all to higher prices for fall goods,
in fact on some lines higher prices have already
been established. Leather dealers report
trade good locally. They have not yet
advanced prices to meet the advances in
the East The hide market has taken on a de-
cidedy firmer tone the last few days, and better
prices are In prospect. Hardware men are hav-
ing fair summer trade; prices steady. Drug
gists report trade rather quiet; prices steady.
Grocers seem quite well satisfied with the vol
ume of trade in progress with them; prices for
staple articles sugars excepted, rule steady and
strong, and they are making some money even
on the present small margins. The provision
market retains its strong tone, and nearly all de-
scriptions of hog products are in active demand
| The produce markets are rather quiet; poultry
| and eggs firm at our quotations; butter is in
| light supply, and prices are braciug mp some
| what Berries are coming in more freely, and
! prices a little off except on really choice
| fruit: new apples and vegetables in good supply
prices weak; Georgia and Florida watermelons
| are on the market in ample supply, good sized
! melons selling at $50 per one hundred; the ad
vance in lemons has been checked
The wool market is somewhat excited East
prices are decidedly stronger. The Boston Jour
| nal of the 29th says: 1.-THE excitement in the
| wool market has Deen quite intense, and the
| sales the largest we have bad to notice for q
/ long time amounted for the week to a. 6I0 GOO
| pounds OF all kinds. The demand has been
| largely speculative, based on the advance abroad
| and the high prices prevailing at all interior
points While large speculative transactions
/ have been made, manufacturers have also been
| free buyers, and at the close prices of washed
t feeces may be quoted from to cents higher,
/ and corresponding advance on all unwashed
] wools 1t could hardly be otherwise. after the
| very favorable advices from abroad, although
/ we had no idea the advance would be so marked
| or the excitement run so high The sup
ply of wool here is ample. We have
| all the. foreign wool we want for
| some time to come, and the latest reports
| from London indicate additional purchases fol-
| this market at advanced prices. The domestic
clip has been arriving quite freely and there is
| good reason for such n decided boom. The boom
| however, has commenced. and it will be diff
| cult matter to check. The business of the year
so far has been disappointing. both in wool and
woolens, and if the trade will warrant more
active movement and higher pr ces, such a
/ change is very desirable. 1t would be well, how
| ever, to move cautiously. Last year. with very
little foreign wool on hand it was difficult &c
establish an advance in any kind Of wool except
| medium and coarse. This year, with a large
stock of fine foreign woods, the advance in fine
| woods has been quite marked. While manu-
| facturers are purchasing more freely. they are
/ still disposed TO operate cautiously aud 1t is
/ questionable If the excitement continues. Now
| appears to good time to sell. If reliable buy
/ ers can be found to pay the advance demanded.
| There Is, however. every prospect of larger
\ and better trade than We have had for some time
/ to come
GRAIN.
| The local markets are in much the same posi-
| ton as on Monday. Choice milling grades Of
| wheat firm; futures attract good deal of atten