The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-11
in HEAVY VOLUME
FINANCIAL OUTLOOK FAVOR ABLY
REFLECTED IN THE MARKET.
Steady Prices PrevaiI i'm Nearly All
i'm SiSht-The Cereal Movement.

Conditions could hardly be more favor
able for a healthy volume of trade than
those now prevailing. In the first place. the
financial situation is the most favorable in
many years. The older of the wholesale
merchants say they have never known bills
to be met with such promptness as during
the last few months. One merchant stated
that firms that merchants often had TO
carry two 10 three months. and sometimes
to Christmas, were paying their bills as
promptly as their best customers, and, IN
fact. one of them surprised him the other
day, after buying quite n large bill, by
asking how much they would discount the
bill for cash, and when offered a slight dis
count he paid the bill. While such cases
were not frequent, he said, the idea he
wished TO convey was that the retah
merchants were prosperous and were en-
abled TO better meet their bills through the
better financial condition of their custom
ers. So far as corn is concerned. old corn
on hand and what new corn there Is, Is
bringing such prices that it about Offsets
crop deficiency and with the excellent re-
| suits from the sale of wheat, oats and hay
at good prices, the corn crop shortage IS
| much more than offset. In prices, steadiness
is the feature. Most descriptions OF dry
goods are firm in tone. Especially Is TINS
true of prints and bleached cotton goods.
Leather dealers, as for some time past are
having an excellent trade. Prices rule very
firm and on some descriptions OF leather
there are indications of an advance In the
near future. The stronger tone IN hldes
doubtless tends TO increase the price OF
leather. On Commission row the merchants
are doing a good business. irish potatoes,
if choice, are selling in large quantities at
highest quotations., and sweet potatoes nave
a hardening tendency. But Few soou
peaches are now offered. The supply OF
lemons is short and prices are firm. Or
anges, although selling slowly, are very
stiff in price. In the way OF apples, some
very good fruit is offered and there seems
to be an abundant supply, consequently
they are selling at a lower range OF prices
than usual in October. Receipts OF poul-
try are increasing and a further decline IN
prices within the next few days Is prob
able. Choice butter is still in light supply,
but is in active request and firm IN price.
Eggs are coming In more freely, out SO
much in excess of the supply is the demand
that the advance of Tuesday is fully sus-
tanned. Flour is fairly active, and with a
| stronger tone in the price of wheat. is firm,
but not quotably higher Other lines are
without new features.
Quotations furnished by the secretary of
the Board of Trade show that IL was an of
day on this market. Wheat broke cent
and corn was weak in tone and receipts
light, while for all cereals there is a good
request. Especially is this true OF corn and
wheat. Track bids, yesterday, as reported
by the secretary of the Board of Trade,
ruled as follows:
Wheat-No. 2 red, zoe, track; No. ? red, zoe,
on milling freight: No. 3 red. eGGesc.
Corn-NO. / white, 59c; No. ? white, CSC; No. ;
white, 59c; No. 4 white, 55Q57c; No. ? white
mixed, SIC; No. 3 white mixed, &c: No. white
mixed. 53Q55c: No. 2 yellow, 57Ac; No 3 yellow.
57Ac; No. 4 yellow; 5SAq5SAc; No; 2 mixed SC
No. 3 mixed, 57c; No. 4 mixed. 5SQ55c; ear, 56c.
Oats-No. 2 white. 39d3ghc; No. 3 white. SS9
36Izc.
Hay-No. / timothy. sl2.25G1s; No. 2 timothy.
nspections-Wheat: No. 2 red, 1 car; rejected,
/; total, 2 cars. Corn: No. 2 white, ) cars; No.
4 white, 3; No. 4 yellow. 2; No. 4 mixed, L;
total. IL cars. Hay: No. l timothy, 4 cars; No.
2 timothy, 3; total, Z cars.
There was a good deal Of activity on the
wagon market yesterday; 135 wagon loads
of corn and hay were offered, most of the
corn being old corn, not more than a half
dozen wagon loads of new corn. and offer
ings of hay were the largest noticed in sew
eral days, but choice hay, as a rule, sold
at s12 per ton. Poorer grades moved slower,
but by night the market was well cleared of
both corn and hay. Offerings of oats light;
selling at best quotations. The quotations
follow:
Wheat-10c.
Corn-New corn. 5SG54c per bu.
Hay-Timothy, choice, sll912; mixed, SSa1O;
clover, $SQ10 per ton.
Sheaf Oats-S9 to SO per ton.
per ton, according 10 quality.