The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-12-01
INDIANAPOLIS MARKETS.
A Fair Volume of Trade-Prospects Good for
Brisk Business in December.

u 6rl6K BUSINESS IN OecenOot'
INDIANAPOLIS, Nov. So
1t being the last day of the month trade was
little tame, yet the volume of trade in the month
has been, on the whole, quite satisfactory, and
we question If the sales of any November since
1880 have aggregated as large as this year Mar
gins have not been large yet have been more
satisfactory than for some time past, as the
prices of many articles have advanced, and, as
with coffees, wholesale merchants had quite re-
spectacle stocks ahead, from which advance they
have profted in some cases quite handsomely.
It's the too cautious merchant who has been the
sufferer the last thirty days. A careful review
of quotations of to-day with those of the begin
ming of November will show the range of prices
to be decidedly higher than the first day of the
month. More especially will this remark apply
to groceries and produce. To-day there were no
changes in values calling for special mention.
Coffees. sugars and canned goods firm at
our quotations. Receipts of eggs are quite lib
eral, and the prospects for higher prices are
unfavorable. Possibly the holiday demand may
boost the market somewhat. Choice butter,
neatly put up, sells quite readily The poultry
market shows no improvement dressed and live
poultry selling at the same figures. The grain
market has taken on better shape the last few
days. The provision market is quiet; nothing
doing excepti in jobbine way The. -four mar
ket has improved in tone with the better de-
mand and better prices for wheat. Another
cause for more confident tone among millers
is found in the fact that about half the Mime
apolis mills to shut down for the winter for
want of water, the streams being unusually low.
The effect of this news has been felt in the higher
prices asked for spring wheat patents. On the
whole. therefore, the -four market may be said
to bein better position than formerly. There are
no expectation of a sudden advance In prices
On the contrary, millers' agents talk very con-
servatively, and, while assured that prices will
go no lower they feel that there Ia room for i'm
provement as well. To sum up the situation as
it is at present. it will be seen that this country
| is the only one where Europe find supplies
to fill the deficit in the crops of that continent,
and that we must have continuance of the
large export movement for some time yet THIS
movement will use up q large part If not the
whole, or our surplus, and may draw on the re-
serve and with the production of -four some
what reduced here, better prices will be OBJ
tanned before many months This situation
causes some encouragement at present, but not
enough to cause an active demand to set in on
home account, the belief Is universal that
| there will be plenty of -four and wheat for all
| requirements.
The local wheat market retains it's strong
tone, and prices ranged from &c to 10 higher
than ON Monday. The Board of Trade Price
Current says of the several cereals:
''Wheat-An cash offerings are in good de-
mand at &c higher prices. Receipts very light
Futures dull Markets all along the line are
firm Chicago opened at yesterdays close, de-
c!ined later on, and subsequently recovered
slightly. but closed lower than yesterday. New
York is firm and steady, and we note good ex-
port demand.
'Corn-Local market rules easier than yes
terday, and note dull feeling for general
grades. Some choice sample stocks were sold
at good figures the demand for which was fair
ly active Futures in no request. Markets both
at Chicago and seaboard closed about lc lower.
We note sales of new grades as follows: Three
cars No. white at 363c; two cars No. mixed at
35c; two cars No. mixed at 344c; three cars No.
3 white at 362c; car No white at 36c: three
cars white at 364c; three cars choice white
color at 36ac. sample; one car No mixed at
34ac f. o. b.. five cars mixed ear at 343
"Oats-Local market is strong, and all grades
will readily sell at firm prices"
Prices to-day ranged as follows: