The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-26

with smaller profits than they have been accus-
toned to, but with economical management we
see no reason why they should not retain their
hold upon all the markets which they have here
tofore held. The agricultural interest is the
basis of all prosperity, and when 1t is prosperous
all branches of business must participate in the
benefits derived therefrom. For several years
past, 1881 excepted, the crops of the country
have been abundant, and the farmers have in
the main received good prices for their products.
As the result OF this they are now exceptionally
strong financially. This is clearly shown
by the fact that year by year a greater per-
centage OF the money sent from the seaboard to
the west to move the crops remain in the
hands OF the agricultural class. Nor is this &C
cumulatlon OF money in private hands confined
to the farmers, for there is to-day more money
In the hands of the whole people than at any
previous time. This is indicated by the fact that
the volume of the circulating medium was never
before so large, while the bank reserves in the
leading cities are at present unusually low. The
home prospects for Astounding harvests the
present year are encouraging. Despite the fact
that the winter has been a severe one, reports
from the wheat regions of the West aud North
west indicate that the cereal has come through
1t unframed. The news from abroad is favora-
Die Tor a good foreign market for all our surplus.
IL Is reported by the highest English authorities
that the winter grains of Great Britain will be
the poorest OF any within ten years, and in
France, out of 1000, 900 hectares devoted to
winter grain, chiefly wheat, fully one-tenth is
supposed TO have been ruined, while a large part
Is badly damaged. In Germany the prospect is
also pnfavorable, while from Russia comes news
that the wheat crop viii not be up to the aver
age, putting her out of the line as an active COM
petltitor with us in the markets of the world. In
the light of these facts, then, the business pros
poets are far from being discouraging,
GRAIN.
The local wheat market shows a little more
strength, still bidding on Change was tame, and
more especially so on corn, and the bulls on this
cereal are at their Wits end to understand why
the corn market is SO weak. The Board of Trade
Price Current says of wheat: A firmer feeling
was noticeable among local dealers, with q fair
ly active demand for spot delivery. Some evil
dence OF an order demand, but shippers are gen.
adelphia all show an advance of from lac to 4o.
We quote:
Ne. 2 Mediterranean,
Nc . 80 10r-2
NO. . req, LOO
Corn dull and uninteresting property. Deal
es are buying on hand-to-mouth principle, and
are not disposed to invest freely. Markets else
where are generally dull aud lower. We quote:
No; 3 white,
1eiioW,
High mixed, track
Mixed,
Rejected,
NO grade,
Sound ear, traek-.--------- -------.-----.44
Oats dull with a downward tendency. Ali
dealers are buying lightly, and have a hone of
lower prices. We quote:
No. 2 white,
Light mixed,
h1lAeu, tracK
Rye-No. 2 dull and ncininai; 58c bid; rejected
held at oSc; no buyers.
~Bran-Firm; $15.5 so asked; held to arrive at
SIG.
shipstuf-Firm; S16.5 SO asked; 1850 hid,
Middlings--Quiet: SIG bid; held at SIS. so.
Hay-Prime timothy quiet; $1,000 bid; no
Hominy feed-Nominal; $15 bid and $17
asked.
GRAIN IN STORE.
NTaral 90 1000