The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-04-01

theory that return Of prosperity gives assur-
ance of general appreciation of values The
country will flourish as thrftily if the prices Of
all kinds of property are low ii would if they
were high, and much more securely. Indeed it
would be positive misfortune if the national
propensity for trading, which is Characteristic of
the public. should be quickenod into such mordi
nate activity as to lift values above their normal
plane. The conservative spirit which has pre-
vailed universally, since it became evident
that we had weathered the storms of adversely.
IS the strongest guarantee we could possibly have
that the reaction is genuine, and will prove en-
during. When we consider what enormous sums
of capital lie idle and how many tempting OPP
portunltles there are to put 1t to practical use,
the moderation of those who control it is indica
tive Of a remarkable degree of caution. Some
thing of this is. OF course attributable to the vi
clssitudes of the past two years. So many mis-
haps have grown out of excessive hopefuness
that it could not be wondered at if there was
greater distrust now than there is any occasion
for. But, at any rate it is better that every
body should be too timid rather than too rash.
The mercantile failures during the past week
were so much smaller IN number than they had
been for months as to indicate that the weakest
spots nave been eliminated, and that the I'M
soundneSS which causes them has been reduced
so much as to admit of greater degree of conf
dence in the future. Monetary affairs are still
characterized by extreme ease"
GRAIN
In the local market there is a frmcr tone and
dealers show disposition to trade. The Board
of Trade Price Current says of wheat: Locally
our markets are firm, and in consequence of
light arrivals demand for cash offerings is ac-
tive and prices are well sustained, Futures
tame and in feeble request. New York is 1-Sc
higher, Baltimore has declined 1-2c and Chicago
is lac lower than on Saturday. We quote:
No. Mediterranean track $1.05
NO. Mediterranean track Observation-Disclosures I.O4
No. ) Mediterranean track. --.---.-.--..-.-- 1O2
No. Red track. NEUTRALITY-SUSPICIOUS.. 101
Mixed track "a
Corn-Is very firm, and choice grades are
scarce. All grades in good demand with very
light offerings. Receipts are still meagre. Flu
lures not wanted New York is 5-Sc higher,
Baltimore 1-2c lower and Chicago is steady. We
quote:
No. white, track.
No: 3 white track
Yellow, track ACKNOWLEDGEMENTS
High mixed track
Mixed track. -.----.--.-------.-----.3
No: 3, track Observation-Disclosures
Rejected, track ---..-----.---.-..-..--4S
Unmerchantable, high mixed .46
no TRADE
SOUND ear, track 40
Oats-Continue firm and are shade higher
for better grades. Light receipts and good To-
cal demand We quote;
No. white track -..--.---..--.-.-..----3
Mixed track. 35l2
Rye-No. 3, steady; SOC bid; no sellers.
Bran-Nothing doing
RECEIPTS BY RAIL PAST TwENTY-FOUR HOURS.
Wheat bu------ 9o0
Corn bu. 451n
Oats, 1000
GRAIN IN STORE.
March %, 1884.
Wheat, Corn Oats Rye.
Elevator A.. 10000 81, 700 $500 500
Elevator B.. Sd 100 $4,000 6,700 IL 800
Capit1 Elevator S000 1,501t 900 .-.....-.
West Elevator. 23000l LdO0l 100000 $500
Total. $500, 113, zoo 81. 200 20, 500 II 800
Corespong day