The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-06-06
INDIANAPOLIS MARKETS.
A Fair Volume of Business Obtaine. with Good
Prospects for Its Continuance.
INDI ANApn1Is Inna &


INDIANAPOLIS June 5.
In most departments sshne vSiiaIne of business
the past week has been quite satisfactory for
early June, and the volume of trade during this
month promises to be satisfactory for summer
month. The better tone to the grain markets is
looked upon very favorable omen, as the
outlook for the wheat crop, especially, is for a
large yield. The old corn crop, as well, is be-
ginning to move more freely Handlers of pro.
duce are complaining Of the low range of
prices. Shippers, in turn, are disappointed over
their returns, which are often small after
freight or express is paid The poultry market
is some stronger in tone, but not quotably
higher. Eggs are steady, bat not strong, at
quotations The butter market is overstocked,
and prices are weak at the present low quota
tons. Strawberries are in large supply and
prices are practically nominal Other small
fruits are not in so large supply, consequently
prices range nearer those of former years
Trade with grocers mas improved somewhat the
last week Sugars are in better demand; prices
continue strong. The same Is true of coffees.
The old stock OF canned goods is well reduced.
Prices in shis department. of trade in nearly all
lines rule remarkably steady. Margins, how
ever. are rather limited On the other hand,
fewer bad debts are made than usual The pro-
vision markets are still tame, and holders are
disposed to take matterscoolly, anticipating bet
ter prices later in the season. The New York
Shipping List says of the condition of trade:
The volume of business in progress appears to
have developed little if any Improvement, and
while a very steady and hopeful feeling
prevails, conservative opinions do not antici-
pate any immediate revival of activity
or the appearance of influences calculated
to stimulate trade beyond the supply of the
ordinary requirements Of healthy consumption.
The disturbances occasioned by the outbreak of
labor came at a time when the progressive
development OF trade was most promising, but
the prospective improvement then in sight has
been irretrievab1y lost and trade must now move
quietly on until the favoring influences Of good
crops. prosperous industry and the growth of
confidence have once moro furnished
the basis for new departure in COM
mercial activity. Resovery Is necessarily slow
after such a setback as the country at large has
Just experienced. but that recuperation s already
in progress, is one of the most substantial indi-
cations OF prosperity. as well as the surest signs
that the lost ground will be ultimately recovered.
From this time onward, the demand for merchan-
disc will be more or less restricted by the atten-
ton of the agricultural classes being taken up
with the crops and this comprises very large pro-
portion of the consuming classes; and furthermore
trade is always more or less in waiting attitude
until somc definite estimate can be made of the
prospective yield of what constitutes one of the
most important sources of our national wealth
and prosperity. The promise of good crops al
most invariably stimulates trade as well as in
dustry, but until the assurance of abundance in
this particular has become more positive trade
very naturally follows conservative lines
GRAIN.
The better tone to the grain market continues,
and on Change bidding was quite spirited. Ar
rivals are increasing somewhat and the ,llow-
ing prices are readily realized: