The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-09-02
INDIANAPOLIS MARKETS.
September Opens with FfatterinS Prospects
The Cooler Weather Improving Trade.
TND I

September Opens with FIattering Prospects
The Cooler Weather Improving Trade.
INDIANAPOLIS, Sept. 1.
The month opens with much better prospects
than did September, 1885. In this section there
is an abundance Of food, plenty of money to
handle all legitimate trade with, and much
more confident feeling pervading business cir
cles The wholesale men OF this city were never
in better shape to compete with other markets
either as regards prices. quality or quantity
Stocks ars large we'll selected, and were pur-
cssased before the frmer tone to large per
cent. of the staple articles began to be felt, and
they prepared to give their customers the
advantage of their wisdom in purchasing early
in the season as compared with former years
The grocery market is unusually active for this
season of the year The Rio coffee market is
still frmer, with considerable speculative excite
ment. The stocks at Rio are cabled at 1885, 600
bags. The average daily receipts are about TO-
500 bags. Thus far the receipts for the current
year. beginning July l. are 1913, 600 bags of
last year for the same length Of time This is
one cause Of firm market, but the fact that the
I grocers and dealers have all been Carrying light
stocks for long time, and now an improved
demand forces them to buy, has more to do
with the better trade and the stronger
/! holding Java coffees are also very irm.
The main features of the tea market are nm
changed. There is demand for teas above su-
perior in grade, while low grade goods are dull
! and have to be sold at loss, if at ALL The
| steamer Monmouthshire, the third Suez steamer
with teas this season, has just arrived. and her
| teas are discharging She brings 100000 Tbs
| Formosas and 700, eco TBS Japans 1t is notice.
able that her teas also are lacking in the better
| grades. Eastern paDers say there is something
| doing in teas, but buyers prefer selecting such
| lines down through an invoice, they DESIRE 20
| taking whole invoice even though the cost be
slightly against them But the market rules in
favor of the buyer to that extent that he is able
| to obtain about what he wants at low
! price In commenting on the firm tone to the
sugar market the Boston journal SAYS: This
| change for the better in an article which has
been dull for so long time is most gratifying
! one. The advance in prices has been small, to
| be sure, but the greater confidence found on all
/ sides should not be underestimate The STA
| tistical position of sugar is very favorable
/ throughout the world. Stocks in this country
continue to decrease, and at all ports show a re-
! duction from last week of over 5000 tons
! European visible supplies are much under the
same time last year and show no signs of increas-
! ing. and the crop reports are unfavoraOle In
fact, all the signs are for higher prices and a
more satisfactory demand in the future The
! demand the past week has run principally on
| the better grades, and refners have been free
purchasers of about everything desirable that is
/ offered being encouraged by the increasing de-
mand for their product and the generally better
| prospects of the trade"
| GRAIN.
Local markets ruled firmer to-day for wheat,
| and an advance of &c was made in spite of the
duller tone to the Eastern market Corn was
tame and prices weaker than Tuesday The
] same remark will apply to oats. Receipts of the