The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-08-06
INDIANAPOLIS MARKETS.
The Week Opens with q Quiet Feeling in All
Departments of Trade.

The Week Opens with q Quiet Feeling in All
Departments of Trade.
INDIANAPOLIS, Aug. 5.
The markets were quiet to-day, as is
usual on the opening day Of the week.
There was no change in the quotations that
have ruled SO long in the dry goods, gro
Gerry, iron, drug and leather trades, and the
general conditions were such as were no.
ticed during last week. Wholesalers re-
gard the outlook as very promising The
farmers have gathered good crops of wheat.
hay and oats, and the outlook for corn is
superb. with the exception of limited areas
where too much rain has interfeyed. While
warmer nights would be of infinite benefit
to corn just now, the prospect is still favor
able to very large yield. The only set
back has been the difficulty experienced in
marketing wheaton account of the excess of
rain. AS soon as producers can put their
wheat on the market in good oonditIo we
may look Tor an increase in local trade that
will bring the years average up to a point
that, it Is conceded, will largely Overtop
the business of 1888. There is little doing
in the wool market hereabouts The circu-
lar of 1. G. OBrien, of Boston, for Friday,
says OF the market there: while the de-
mand for domestic grades of wool has been
quite good from manufacturers, the sales of
the stormy weather, which has prevented,
in some measure. shipments being made,
but is mainly owing to the fact that the
prices on the most desirable grades are too
high to suit the tastes of the buyers They
have refrained from taking hold to any
extent in consequence, and the sales as
a rule are wholly TO fill immediate
wants. The fact is manufacturers have
sufficient stocks on hand to meet their
wants for some weeks to come, and the
fy,fc ic har EE..tx 20 Ia
comparatively quiet one. 1t usually is SO,
but IN september more active trade Is ex-
pected.. In prices there has been no ma
terial change made. AT our quotations the
market is steady. The easier feeling that
is talked about is owing to the fact that
dealers who have been asking extreme
prices have come down in their ideas and
are now ready to sell at reasonable figures
This fact shows no great amount of weak
ness. Statistlcally, the position of supplies
here and abroad is very strong, and is be-
lieved that seaboard prices are not likely
to 60 any lower" The produce market re-
mains in about the condition of last week.
Fruits and vegetables are plenty, and the
range of prices steadily declining.
GRAIN.
The market continues dull, owing mostly to the
bad condition of the bulk of wheat receipts. OF
ninety cars of wheat received to-day, only fif-
teen graded No. 2, which is a very bad showing,
and it is difficult to force Off grades market.
Corn Of good mixed grades is readily taken by
starch manufacturers, but there is not much
offered for shipment. Oats are still dull and
quiet. We quote:
-wheat-New No. red, 75075lac; No. red.
71072c; rejected, 90 a &c. understandable, 55c,
with sales at that price; August, 74l2d75c.
COrn-N0. i white, 38l2c; No. 2 white, SO ioc;
No. white, one color, 3Sc; two color, 81 l2c No.
2 mixed. &c., No. 3 mixed, 35io a 36c; No. yell
low 35i2c; No. 3 yellow, 80 035lac; mixed ear,
34led35c white ear, SIC.
Oats-No. white. 2Sl9c; No. 3 white, 26i90
27c; No. mixed, FAC; rejected, 21025c.
Bran-Local dealers paying $90925; shippers
paying SS.5O0S.75.
Hay-Choice timothy, SI2; No. 1, $11.25; No.
prairie, $7GS.
The total receipts of all kinds of grain were
los cars ncludi ng ninety of wheat, nine of corn,
five of oats and one OF rye--the latter new
grading understandable.