The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-01-11
INDIANAPOLIS MARKETS.
Trad More Active, and the Conditions Fa-
vorable to 8 Good Months Business

Trad q More Active, and the Conditions Fa-
vorable to Good Months Business.
INDIANAPOLIS, Jan. 10.
The distributive movement of trade is daily
improving Dealers in staple merchandise are
purchasing freely, and the outlook for q good
months trade is daily Frightening. The condi-
tons upon which the new year is entered could
not well be more favorable, aside from the un-
settled condition of the grain markets. But the
belief prevails that in few days this market
will show healthy reaction, and that with
the reaction the -four market will take better
shape. The dry goods men are about through
taking accou Mt of stock. and orders by mail to-
day showed that the country merchants were
disposed to buy freely. Grocers were quite
busy. Refined sugars are firmer and tending
higher; the production is held down by the
trust Coffees East weaker. From
Rio, fresh batch of crop estimates have been
cabIed, giving the probable yield of the next
CROP and they added Generalization to the
weak feeling already existing, although they
indicate quite a wide difference of opinion. Two
& Co, give five aud half million bags Rio and
three millions Santos, total yield of eight
and one-half millions. one firm gives eight mill
ions, another well-known firm estimates total
crop of seven and half Millions and another
six millions. That the next crop is likely to be
an unusually heavy one is admitted. but esti-
mates at this early period cannot be very relia-
bic. because OF the changes in temperature and
weather conditions that are likely to occur be-
fore the crop natures. Nevertheless, the pros
pect of so heavy yield has had weakening
influence both hcre and in Europe. The local
iobbng demand has continued fairly active and
the fact that interior dealers continue to replen-
sh their stocks, regardless Of the fluctuations of
this market, indicates that supplies light
and that dealers working very close to
the actual requirements of consumption.
The apparent consumption OF the country for
the past twelve months, as indicated by the
warehouse deliveries at all seaports with COM
parsons for the past three years. has been as
3S2 bags in 1885, 3. 149, 295 bags Eastern papers
say: There has been active trading in options
with the market at times excited. Heavy crop
estimates caused rapid decline. which was
most marked in the distant months, and a con-
siderable expansion Of the short interest has
taken piece"
The provision market is firm; more especially
will this remark apply to lard. The produce
markets ara active Eggs are weak at the re-
cent reduction. while butter is firmer, and tend
ing higher. A good deal of oleomargarine 10
selling this market, many of the grocers
seemingly handling il without knowing what
they selling. That it is being sold to a greater
Good country roll butter will sell readily at IS
cents per pound. Poultry is firm at the advance
of Tuesday Apples selling well at quota
tons, and some choice newly picked over will
bring % to 80 cents above our best quotation
The seed market is more active at the range of
prices quoted.
The local market showed more activity to-day.
the attendance was larger and the bidding more
spirited. Wheat and oats were a shade stronger
while corn was ofish and weak in price Sellers
were willing to make some concessions to effect
good sales. Track bids ruled as follows: