The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-05-22

duce markets were exceedingly quiet and prices
barely steady. The provision market was weak
er, and several changes in the WHOLESALE prices
List of the 10Th inst. says of the
general business situation There can be said to
have been no aPpreciable change during the
week from the recent condition and tendencies
o. trade. The period OF greatest activity in the
distribution of spring and summer manufactures
has passed, and the trade In that class OF goods
Is gradually shrinking, while the Volume OF
transactions in general merchandise is barely
equal to the usual average In May. That the
spring season has been unsatisfactory Is gem
orally conceded. This Is not account of any
decrease in consumption, but because OF the
marked absence OF speculation, which mas given
to the markets an appearance OF dizziness not
warranted by the amount of goods actually dls-
rributed, and also by reason of the pretty con-
slant snrlnksge In prices, and the eoSseqn sad
occasion to remark in previous issues. over-pro-
duetion and over-lmportation In the recent past,
together with excessive competition, have been
the causes which have brought about this condi-
ton Of affairs, and the same causes have led to
more frequent failures which again in turn mas
seriously impaired the confidence of the mercan-
Tile community. All this seems very strange IN
the face of constant gains in the wealth of the
nation. But TINS conservative course OF affairs
has doubtless prevented much more serious con-
Quenees; which must inevitably have resulted
from continuance OF over-trading and the
strainng of credits from 1879 to 1892. The re-
cent Industrial and trade tendencies, however,
nave been nealthful, IL irksome, and basis has
linus been laid for career OF renewed prosper
Aside from the contest of labor against an In
evitably lower scale OF prices, there is every.
thing to give hopeful phase TO industrial and
commercial affairs. The extension of industrial
operations in the country indicates an abundance
OF ready cash as well an active purpose of
improvements. The imports still show decrease
and the exports an Increase, compared with last
year, with the consequence of an increasingly
favorable International trade balance"
GRAIN.
The local market shows no improvement;
dealers exhibit great indifference; transactions
are few and limited in character. The Board Of
Trade Price Current says of wheat: The local
markets will admit Of very little comment
They nominally unchanged. Feeling of in
dependence still exists and dealers awaiting de-
velopmeRts; sellers few ana buyers not much
more numerous, Futures dull. seaboard has
shaded off at some points, and shows up weak
We quote;
No. Mediterranean, track.
NO mediterranean, track. LA
No. Mediterranean, track. ----...-.---.. liz
10. REQ track. --.-.-.---.....---... 1.lo
May, TRACK. ACKNOWLEDGEMENTS. 108
June. track. ACKNOWLEDGEMENTS. LOS
"ul'' raeA ---.--------------' A'AV
Corn-Steady and in better demand than
wheat. Rather liberal offerings, but no trading.
Markets AZ seaboard lower at some points,
but generally steady. Chicago lac lower. We
quote:
No. white --.-...-------..-------.54
NO; . white, track -.-.---.-----.-------.52
nelleW, tfhck "a
Light mixed, track 3D.
Mixed. .-.....---
Rejected, track. ACKNOWLEDGEMENTS
SCUM Gar, track'.--.
Oats-Shade lower than Saturday, but still in
very fair demand. All inquiries confined to
cash. We quote:
No. 2 white, track. .46
14'RnI ulXeu brack. 40 2
Mixed, track ACKNOWLEDGEMENTS. AZ
Rejected, track 40
No Rye-Nominal nothing doing.
ShipsGuf-LOwer; $l4 asked; no buyers.
Bran-Quet; $l2 bid: held at $3.50.
Hay-P. 7. steady; 81 bid none offered.
GRAIN IN STORE.
May 10. 1883.