The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-01-30
COMMERCE.
Trade Prospects Improving Gradually and
the Situation Really Encouraging.
TA-r,r Ja,,


the Situation Really Encouraging.
INDIANAPOLIS. Jan. 90.
There was no important change in the mer-
chandise markets to-day. The volume of bust
ness continues moderate in all lines, but shows
something of an Improvement over trade the first
half of this month The general temper of buy
ers is conservative, and purchases in most de-
partments are closely proportional to
actual wants. Dry goods men state
that they are having fair trade. and prospects
are exceedingly favorable to good spring trade.
Grocers, most of them, are having a good trade,
and seem satisfied with its volume. Leather
and hardware dealers speak of trade as improv-
ing with them. Produce men report trade fair.
Eggs and poultry in active demand at our quota
tions. Merchants are taking a cheerful view of
the situation, the most noticeable feature of
which is the extraordinary accumulation of
funds in banks and other monetary institutions
at the great centers of trade; yet the people at
large feel no want of currency with which to
carry on their daily transactions. There is prob
ably 5000, 000, 900 of idle money in the financial
institutions of the United States, but the ndica-
tions for legitimate movement in the spring
are very satisfactory, and there seems to be
every reason to hope that the business of the
country will gain footing of moderate and CON
sentative prosperity before the summer is
reached.
Little doing in the local markets What little
wheat there is coming in is taken readily at quo
tations. Grain dealers bid cautiously on wheat
but freely on corn The Board of Trade Price
Current says of wheat: Local markets continue
steady, and under light receipts offerings will
bring full quotations. Demand continues only
for small lots, indicating only desire to buy as
it is needed. Arrivals are but nominal and
grading poorly. The comparative higher prices
of local markets with those at sea
board render shipping impossible. The
noon close at seaboard exhibits a
decline from yesterday of 3-se at New York,
and 4e at Baltimore, and Chicago is also 5-Sc
lower. The above noted decline is for futures,
while cash in New York is firmer. We quote:
No. Mediterranean, track S1.05
No. Mediterranean, track .-..---.. LOB
No Mediterranean, track -.-...------..--. 1.01
10. req track .----------------------- 99A2
No. 3 red, track OBSERVATION-DISCLOSURES. 90
Unmerchantable.- OBSERVATION-DISCLOSURES. 65
Corn-Rather active at quotations, which are
a shade better than yesterday. Receipts have
fallen off slightly from yesterday. out the i'm
provement in grading still continues. Local
dealers absorb the bulk of arrivals but there is
a fair demand from interior points, which stimu-
lates shipping slightly Futures not wanted,
indicating an absence of speculative feeling.
Markets at eastern points show decline at
New York of 34e Baltimore Lac higher and
Chicago Use lower. We quote:
No. 2 white, track 4S
Nc 3 white, track ..--..-.......-... AS
Yellow, track. ACKNOWLEDGEMENTS. 40
High mixed, track. OBSERVATION-DISCLOSURES. 48
Mixed, track OBSERVATION-DISCLOSURES. Ais
Rejected high mixed, track. ....... As
Rejected mixed, track. OBSERVATION-DISCLOSURES as
Understandable, track. Observation-Disclosures. 40
Sound ear track 46la
Oats-Feeling rather dull, but no pereeptible
change in quotations Inquiries confined to
cash deliveries. We quote:
No white. track. Observation-Disclosures. SO
Light mixed, track 3412
Mixed, track 81
Rye-No. 2, dull; SOC bid no sellers.
Bran-Firm; 81. 90 bid. no sellers.
Shipstuf-Quiet; $15. bid no sellers.
GRAIN IN STORE.
Jan. % 1884.