The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-07-27
INDIANAPOLIS MARKETS..
The Business Situation Daily Becoming
Brighter with the Grand Crop Ou,Ioox.
ISDrAyAporrs Julv 06

The Business Situation Daily Becoming
Brighter with the Grand Crop Ou,Ioox.
INDIANAPOLIS, July 26.
Every day brings new reasons for believing
that the trade of the fall months Is to be large
and satisfacto ~, good crops being the most en-
couragine item. Travelling statesmen for Indi-
annapolis houses state that in the territory from
which this market secures q large per cent of
Its business the oats and hay crop are excellent.
the corn crop bids fair to be the largestin years,
and the hog crop promises to DE up to the usual
average. which means good times for Indiana
and Illinois. In prices to-day there were few
fluctuations. The -four market seems to be
coming out from undcr the heavy clouds which
have hung over it for many months. The
New York Produce EXCHANGE, excellent author
ity. says: dealers have every reason to ex-
pect q good trade in -four as the season pro-
crosses. and the average expression is one of
confidence and hope, especially as regards oper.
atlons in the winter wheat brands; these have
been sparingly offered, and were held with in
creased frmness, especially for lots to arrive;
this due to the scarcity OF wipter-wheat brands
in the West, the cost there being relatively
higher than at the seaboard ports. New winter
wheat is moving slowly, and no doubt the re-
ceipts will be small for a while yet. This delay
In the movement OF new winter wheat is attrib-
utable partially to the late copious rains, which
not only retarded harvest work, but rendered
much of the wheat too damp to admit of grind
Ing, hence a good many or the mills in the
winter wheat States have ~curtailsd their pro-
duction. The new wheat will be wanted for
use much sooner this season than in former
years. owing TO the scarcity of old
wheat Millers from various sections in
the w~inter-wheat States inform Us that
they were pretty well sold ahead and find it i'm
possible TO obtain any noteworthy quantity of
old wheat ct prices low enough to enable them
TO grind at q profit or even without loss. Ex-
pOrters have bought a good deal of foar. chiefly
IN SACKS. In part to go forward direct from the
mills in this State and in the West, but on New
York account. which will 90 mainly to the
United Kingdom" Grocers were quite busy to-
day; the distribution of sugars continues large.
Reports from the East. however, speas. Of the
market as being easier. The coffee mari e. has
taken on a frmer tone, and some of the best
posted merchants are OF the opinion that for
ninety days to como the market is to rule
strong. The produce markets never were In q
more healthy and active condition. Butter and
eggs are both firm at quotations Poultry is a
little weak. Apples and potatoes are in good
supply, but prices downward in their tendency.
Berries are scarce and tending higher. Lemons
and oranges are IN better supply; prices q shade
easier on lemons.
The attendance on Change to-day was good
and bidding quite spirited. Wheat was In good
demand and grading better. Corn rules dull
and little doing, prices ranging about as on
Wednesday. Oats were in light request. Track
bids 10 day ruled as follows: