The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-05-05
INDIANAPOLIS MARKETS.
The Temper of Trade Still Unsatisfactory-
Collections Slow.


Collections Slow.
INDIANAPOLIS, May 4.
| In the volume of trade or it's tone there is no
new features calling for special reference. The
distributive movement of merchandise has been
| confined to the requirements of immediate con
usmption, which are considerably in excess of
| the corresponding period last year, and in some
localities the demand has been quickened by the
prevalence of favorable weather and increased
facilities for transportation, but the temper of
trade does not seem to be altogether satisfactory
even in these sections, and there is more or less
complaint of the slowness of collections. The
| spring planting of grain and produce is in pro-
gress. and the reports respecting crop prospects
| are of most satisfactory character, but these
facts attract but little attention in the presence
of more important influences. The dry goods
market for the last thirty days has been fairly
active. and prices are firm All along the line. The
| hardware men are disappointed In the volume Of
their trade. Unquestionably the labor troubles
are checking building operations. Leather deal
| ers are having a fair trade and there is little
more life to the hide market. Business with tn q
grocers is excellent. Sugars show less strength
| and are gradually dropping back toward price
| before the strike. The strike in the Brooklyn
| sugar refineres IL still the most important
feature with respect to staple groceries, but the
| early part OF the week. Rehners have made no
| effort to put their works in operation but have
| emphatically refused to recognize the organiza-
| tons that seek to control their workmen, al
wages and other unimportant demands that have
been made. Next week the regular pay day oc-
ours. and this event may bring mat
tiers to crisis, either, by peaceable
return of the old hands or the
| employment of new force under police protsc.
tion Meanwhile business in raw sugar has
| been at complete stand and the higher prices
asked for refined have substantially checked the
demand from the country, local dealers having
| been about the only buyers Coffee is dearer on
| account of the upward movement in foreign ex-
| change in Rio, which enhances the cost of i'm
| portation. but the country does not respond to
| the advance, and outside the speculative ciques
who virtually control the situation, the trade an
pears to lack faith in the higher prices that have
been established. The provision market con-
| tinues sluggish; prices unchanged The pro-
| duce markets are weak all along the line. Eggs,
| poultry and butter receipts in excess Of the de-
mand. Green stuff selling SLOW even at the
| low prices for so early in the season.
Merritt q Co. yesterday issued their weekly
| circular on wool, in which they say: There is
| no material change in the outlook for WOOL and
| we continue quotations Of last week. Eastern
markets are more depressed through large i'm
| portatons of foreign wool, and the tariff and
| labor agitations Our last Liverpool letter says
The depression in business has increased. Elk
| IRENE caution prevails in every section. The
auctions of Australian wool progress without i'm
provement indeed, the tone is worse than it was
Much irregularity prevails in prices. and there
is no sign of bottom being touched. few
trifling lots of Shropshire and Irish woods are
being taken for shipment. The shipments of
| worsted yarn to the United States during the
month of March. this and last year have been
as follows 1886, f43, 205: 1885, 81 900 The
extreme weakness of European markets and
consequent large importations into this country
/ Of foreign woods, yarns and cloths creates an
uneasiness among Eastern dealers and manu-.
facturers that points toward lower prices; but we
| still think our quotations about right, where
| good judgment is used in buying and grading,
and full discounts are used for black, bury,
chaffy and cotted WOOL"
GRAIN.
| There was an improved tone to the local mar
ket to-day. Choice milling wheat and dry hard
corn were in good demand at quotations given