The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-08-10
MARKETS.
A Heavy Corn Crop Makes the Business Out.
look Favorable and Tones Up Prices.

a hebSy Coru crop makes the business Out.
look Favorable and Tones Up Prices.
INDIANAPOLIS, Aug. 8.
In prices there were no important changes to-
day, 6rmness being Q leading characteristic in
all departments of trade. In commenting on
the business outlook the New York Shipping
List says: present Indications point TO q corn
crop that will reach. il 1t does not exceed 2,00O,-
600, 900 bushels of superior quality, but it will be
several weeks before the safety Of this crop has
become assured, its development depending
upon the continuance Of hot growing weather
and still later on the absence Of frost. An On
usually heavy hay crop has been already Sc
cured. while the important food crops. vege-
tables and fruit, promise the most encouraging
results. In a word, the agricultural prosperity
of the country appears to be highly satisfactory
and the risks of probable damage are daily de-
c~reasing. and this fact is an important feature
in developing mercantile activity. while specu-
latlon is already beginning to discount the fu-
ture by buying while prices are low in expecta-
ton OF the advance that will come with the
revival OF business that is gradually
aud steadily approaching. Cable ad-
vices from Europe continue to reflect
unfavorable crop conditions upon the continent
as well az 10 Great Britain. and these countries
will be large buyers OF breadstuffs in this mar
ket, and thereby provide a good outlet for our
exrortable surplus, especially as in the matter
of wheat neither India nor Australia will be in
a position to export any more this year than
last" Dry goods men to-day were fairly busy,
and mail orders were good for August. From
this on o lively trade is looked for in this line.
Grocers were quite busy. Sugars took on a firm
or tone to-day, while coffees East were hardly as
firm as on Wednesday. Other staple groceries
retain their strong tone, and the distribution is
fully up to the usual August average. The pro-
vision market is hardly as firm as in the early
part of the week, but prices are unchanged.
The movement in a jobbing way is brisk. The
hide market is active for the time of year, but
prices show no signs Of Improvement. In the
produce markets there 10 q good deal doing. Ap-
pies and peaches. Notwithstanding the large re-
with good sale. Vegetables Of all kinds coming
in freely; prices weak Butter, eggs and poul-
try all fir at quotations. Receipts Of each are
moderate for the season of the year.
GRAIN.
It was an off day In the local market, and the
bidding on Change was tame. The Indianapo
lis Market Report says: the movement Of
grain shows a decided falling of. Inspections
for the past two days amount to 1875 cars. as
against Isl cars for the preceding peri cd.
Wheat receipts are smaller, but dealers report
that offerings continue free. The tone of the
market is hardly equal to what It was at time Of
last report. Mlllers. though still In the market.
are not free buyers. No. 2 red sold at S3i a Sac:
No. 3 red at 76 soc. 7Sc being the current price
for milling demand. Rejected, average sam
pies brought from Zoe to FAC. poor sold as low as
Csc, and choice as high as TIE. Unmerchant-
able ranged from zoe down TO soc, the average
sample bringing about go 063c. Corn offerings
are fairly free. No. l white sold at SOC to ar
rive; No. 2 white offered at Acc to arrive; No. 9
mixad sold AT 443c. There is little doing in
oats. New No. 2 white saleabls at 2Sc; new No.
9 mixed at 2ic. The quality Of arrivals is poor.
and the trade are. therefore. afraid to sell any
quantity for future deliveries on account Of
grading. Old hay is scarce and in good demand.
New finds ready sale at sl3 so for No. l
tin .othy.n Track bids to-day ruled a. follows:
xyL... " ~ ~d "a,