The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-10-19
LOCAL GRAIN AND PRODUCE.
Trade Hardly Reached Expectations
but Prices Ruled Steady.

The trade of the week ending Oct. II was not
what had been anticipated. Usually the second
and third weeks of October business is at its
autumn maximum. In some lines. groceries.
drugs, leather. boots and shoes. there was not
much ground for complaint, while in other lines.
dry goods, hats and caps and on Commission
row trade was disappointii.g. ON Commission
row stocks have accumulated and the demand
has not reached expectations. Commission men
complain OF q Gun trade. IN PROVISIONS there IS
an active movement and the advancing tendency
of prices has evidently stimulated trade, and the
-four trade. on advancing prices, exhibits more
activity. During the week the poultry market
demand for eggs at the higher prices. The hide
market is fairly active, but prices do not i'm
The snow Church Company's weekly trade re-
port says: THE week ending Oct. II has not
been characterized by any radical change in the
business situation, and it is gratifying TO note the
continued increase in sales of commodities han
died by general merchants. The routine business
OF the various houses in the downtown district
country merchants visiting the city attending
the political demonstrations of the week. The
announcement of the failure of one of the leading
and will have a tendency to prolong the uncer-
tainty existing, emphasizing the feeling exist
ing among the jobbers to draw lines of credit
tighter, as most houses are carrying country
merchants whose affairs are more or less com
plicated. The fact remains that the business sit
uation is still in an unsettled condition. The
long period OF depression and uncertainty has
created new methods of granting credit. The
broadening or expansion shown in the market
during the past month has had little effect, as
the constant circulation of rumors of a deroga-
tory character regarding the airs of country
merchants, and the stiffness of the money market
is having an unfavorable effect, so that the
anticipation of a still stronger market is not
changing present conditions to any perceptible
extent as yet. Merchants prefer to wait until
general lines of industry show more strength and
higher prices are an accomplished fact. In all
branches of trade there is a more hopeful feeling
existing. and it is believed that after the cleo
ton business will take on new life. On all sides
there is evidence that there will soon be an un-
usually active market, as a continued rise in the
quotations of wheat and other cereals is inspiring.
confidence. The gradual increase in sales and
prices of groceries. drugs. leather goods and the
steady dry goods market for staples. and. on the
other hand. the extreme dullness shown in spe-
cial lines, such as novelties, etc, shows con
passed and that from now On a steady improve
ment in the volume of business may be expected.
Collections are showing some Improvement.
Otherwise the situation seems to be as reported
in previous weeks
The local grain market was quite active and
probably Indianapolis dealers handled more grain
last week than in any week fox some months.
the week. Track bids yesterday were firm at the
following range:
Wheat-No. 2 red, re: No. 8 red, 6iGsSc: No
4 red. 56063c; wagon wheat. Csc.
Corn-No. / white, 2614c; No. . white, 261sc: No.
8 white, 2612c; No. 2 white mixed. CSC: No. 4
white mixed, 25c; No. > yellow, 25c: No. 3 yell
low, Csc; No. 2 mixed, 25c; No. 3 mixed, 25c;
ear corn. pc.
Oats-No. . white, 19lac: No. 3 white, TIC: No.
9 mixed. 16lac; No. 3 mixed. 1515c.
Hay-No. 1 timothy. $S.50Q9; No. : timothy.
S7G7.50; prairie, $506.