The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-03-20

aud the probable early RESUMPTION of inland
navigation, gradual increase in the distrihu-
ton OF merchandise as the season advances is
looked for as a matter of course. Two or three
local failures of more than average Importance
uuring the week, in connection with the close
cohuluon or the money market, have served to
slightly disturb confidence, bat the prevailing
conditions are not at all favorable to any serious
disturbance. There is no general strain upon
credit though individual instances occasionally
crop out where enterprise or speculation has ap-
parently outrun resources OF Judgment.
But BuI the prosperity of the last
WhOle INTO anything like tile personal eXtrava-
gance or business recklessness which were the
haracteristics of the war and initiation period.
Inc difference between the conditions and
then is essential. Then the currency OF the
country was fictitious, whereas now it is upon
sound oasis, in spite of the silver folly. That
Ialiufes OF late have been more than usually nu-
nefous Is quite true that there will con
TIME to he failures is more than probable; bur
uch ms may occurr, like those in the recent past,
will be found among individuals or firms who
nave oVerrrached resources or Strsdned credit-a
class not numerous enough, however, to imperil
legitimate business as a whole While trade can
not be said to he altogether in a satisfactory
condition, there having been in some cases
age, the conditions are by mems discourage
ing. The financial affairs of the country in
good shape; the burdens of taxation are
ABOUT to be reduced; check has already been
placed upon excessive enterprise; the agricul-
tural interests-Our chief dependence for pros
ptflty-are In Hnufishlug condition, and it is
reasonably certain that markets will be found
abroad for Whatever surplus products of the
SOIL we may have, or which may be vouchafed
us during The present year. Mean while in
crease IN consumption, through the rapid gain
IN population, concurrent with the rapid devel-
opment of latent resources, will be certain ere
long to restore something like the just equllib-
rlin hetween supply ana demand"
Fluctuations in values in the local wheat
market to-day were but few and of little import
ance.
cloud hangs over the local grain markets;
ous Few dealers were on Change; they bid in
differently and showed no disposition to trade.
The Board of Trade Price Current says: "The
wheat markets at Chicago opened up stronger,
but soon began TO decline, and closed weak.
New York and Toledo show a weak and heavy
market, with apparently more sellers than
buyers. Locally our own market is lfeess--
tame scarcely expresses it. For No. 2 red,
$l.06la was bid track, ioffered at Sl.O6 1. o. b..
the lowest bids anc offerings for some weeks.
Possibly track wheat might bring lsc above
track bids in a limited way, from local dealers,
but we have heard of nothing of the kind" We
quote:
No. red. track 1.Oela
Corn-Dull, lifeless and lower Arrivals are
quite liberal, hut there is very little disposition
10 invest at any ptlce; markets elsewhere duh
ana lower. We quote:
High mixed, track
Mixed, track ----...-. 81
Rejected, track
Unnercimntable, track. ..... 40
may, track ---------------.--.---.---
oats-Dnll and apparently uninterestiHg prop
erty for investors Meager offerings, with very
little demand We quote:
No. white, track
May, track ---------.--..--.--..-.43
Rye-No. 2 dull, weak aud lower; SIC bid,
track; no sellers.
Bran-steady; $15 bid no sellers.
Shipstuff-Nothing doing.
GRAIN IN STORE,
March II, 1888.