The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-15
INDIANAPOLIS MARKETS.
Firm Prices Prevail in Nearly All Departments
of Trade-Confidence Increasing.

Firm Prices Prevail in Nearly All Departments
of Trade-Confidence Increasing.
INDIANAPOLIS, July IL
A very confident feeling in regard to autumn
business prevails In commercial circles, con-
tinued activity is noticeable in nearly all depart
ments of trade and the outlook is certainly en-
ceuragng If August and September do not
witness larger movement of every kind of
merchandise than has occurred since 1881. the
expectations OF the most saaacious merchants
will fail to be realized The wool market retains
1t strong tone. Boston sales last week reached
5, 000 600 pounds. The provision market, as WELL
shows marked strength and there is brisk de-
mand for nearly all descriptions of hog products
The hide market is firm at unchanged
prices. Grocers are having a good trade,
and prices OK staple articles rule firm.
Regarding sugars, the circular of Messrs. Will
lett, Hamlen & Co. reports the movements at
the four ports, and says the statistical position
is much improved. A very noteworthy gain is
shown in the consumption, which is now g. 1874
tons over last year through the four ports
whereas at the end of the strike it was AZ, 563
tons under last year. an increase of 90, 697 tons
in the home consumption of the United States
since that time tsay May 13), which offsets a
good part of the extra Cuba crop. They will
shortly give figures for the entire consumption
of sugar for six months both foreign and do
nestle, which will show considerable increase
over the first six months of 1885, and will an
sIsr to some extent h..d the question ion
surplus sugarr Invisible supplies, about
which we have heard so much are eaten and
the whole consumption is now coming out of the
visible supplies both here and In Europe. The
statistical position is rapidly changing for the
better Notwithstanding receipts from Cuba
are no larger than last year, the supplies in Cuba
are now decreasing, showing that the excess Of
that crop will not be as great as has been esti-
mated. Meetings. by refners are only 49,
600 tons under last year although exports are
$4,000 tons less. The indications in the United
States many and most promising for con-
tinned improvement in prices. The only draw
back of Importance is the manipulation of the
growing beet crop by the bears" but
| it would seem that even they must help
! an advance in beets to a higher leve. of
| prices during the next few months. in order to
| reap profits anticipated from short sales to be
! made for next crop deliveries. Visible supplies
| in Europe and United States, excluding Cuba,
| are now SO, 500 tons under last year. Stock in
| all hands, United States. is now &C. 700 tons
under last year There has been a decidedly
better feeling Tor Rio conee, under the influence
| of more favorable advices. and the trade have
been stocking up more freely. There is not
| much activity to note III the tea market The
demand has been light. Prices are unchanged.
| The deliveries of all kinds of teas from ware
houses in New York during the month of June
| aggregated 10000 half chests against 65030
half chests for the same month last year, an in
crease of A. Gl packages. The deliveries in
cluded 50, 143 half-chests of Formosas against
g. 389 half-chests in June last year.
GRAIN.
| The local wheat market still rules weak on
unusually large receipts. Fully 80 per cent of
the arrivals are grading poorly. The corn mar
ket is fair at quotations. this market not as yet
sympathizing with other markets. which are
weaker Oats are in good demand at our best
quotations. Prices to-day ranged as follows