The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-19
TRADE AND COMMERCE..
The Situation Better from the Fact that Sum
mer Weather Cannot Be Long Delayed.
INDIANAPOLIS, May II.


The Situation Better from the Fact that Sum
mer Weather Cannot Be Long Delayed.
INDIANAPOLIS. May II.
So APPLY does the indianapolis Grocer of the
18th in its trade review cover the situation and
so many good points does it make that We quote
from it freely. The Groeersays: Fortunately we
are the outside of the great stock specializing
belt Unfortunately the Chicago octopus has its
arms around Indiana in an embrace as uncom-
Portable as it is shameful. While the East has
its surgings and swashings and the curtain is up
exposing the variety show, with Fish and Ward as
the heavy Williams of the play, the West is not
pure that it need felicitate itself upon being
an altogetherin nocent spectator 1t is not so gen
eral that gamblers thrive in the West under the
guise of spectators, for the fraternity are
better known as card-p players, who deal not in
stocks and futures, vet there are enough of the
Eastern stripe to make respectable minority.
and these principally congregate, either by proxy
or IN person, IN Chicago. The drain from In
diana alone. within twelve months. which has
gone in pork and grain futures through Chicago
hands will run into the millions If each stream
could be traced to its source it would be found
that much of the cause of the stIingency now eX-
listing in this State is due to margin gambling.
1t is not always that these facts can be ascer-
tanned, FOR the unlucky ones conceal their fool
ishness and the fortunate ones are ashamed of
their business. If a man desires to set up as Il
Spectator, it is proper enough if he sees no
wrong in it, the law encourages 1t as legitimate
calling. and many respectable toes would be
tramped upon were critics to let loose indiscrm-
inately but no man engaged in business Of a
mercantile character has the right, in any sense,
to tritle with this dangerous evil.
Coffees are loaded up with a visible supply
that would staggcr them but for support Which
is not sincere in its views; the anchorage is bad,
and if the market does not break it will be for
such reasons that supply might as well get
out of the way as matter of consequence now
and hereafter We do not see how
fair coffee can be figured worth lo610 lac
in New York, with a visible supply of nearly
1O0, 600 bags as against about half that quantity
year ago, and some 400, coo bagsssaine time in
1882. Sugars are making a steady pull toward
more profitable market; combinations are ru-
mored, but no authentic notice has been given
and it is extremely doubtful if such combina-
tons exist. The lower grade yelows are not so
plentiful. Syrups have shown an improvement
for all grades; corn syrups show an actual i'm
provement of 4e per gallon from the lowest
point Teas are very dull. Tobaccos are fairly
active; some of the leading manufacturers have
reduced prices two cents per pound In foreign
fruits raisins are steady at last weeks prices.
Turkish prunes are IA cent higher. Canned
goods are swiftly coming to an end for want of
variety; the smaller fruits and many vegetables
have been pretty well cleaned out. Tomatoes,
corn and apples are still selling welA and all at
near the line of cost
GRAIN.
Rather dull attendance on Change and receipts
light covers the local situation. The Board
of Trade Price Current says of wheat The
feeling in local circles is weaker. Sellers have
made concessions for track deliveries from yes
terday, yet buyers are not very anxious to in
vest. Futures are at discount, and only July
shows any life. Receipts very light. New York
has toned up, being 134c higher Baltimore
I 3-4c higher and Chicago lee stronger than
yesterday. We quote
No. Mediterranean. ....................-.S1.0
No. Mediterranean ACKNOWLEDGEMENTS 1o6
No. Mediterranean. ACKNOWLEDGEMENTS 1O4
June ..., 1 O2lo
July. NEUTRALITY-SUSPICIOUS.. 80
Corn-Contnues firm and probably will as
long as receipts continue so meager. Nosellers,
with buyers offering full quotations for an
grades, cash shipments. Futures not wanted.
Markets elsewhere are in better condition; New
York lc higher, Baltimore 34c higher, while
Chicago is steady. We quote:
No. whlte 1900 %
No: ) white -------'oI
elbow 90
Iigh mixed 1890 80
Mixed .--.-...--.-54
No -....-.......--5
Rejected 81
Understandable ..~-..-.....-....-...-49
Sound ear. 04 u
Oats-Steady for all grades; principal inquiry
comes from local consumers, and immediate de-
liveries are only wanted.
No white. 81
Mixed ACKNOWLEDGEMENTS
Rye--Steady; 64c bid sellers.
Bran-Steady; $l4. 90 bid, held at $1,000.
Hay-Prine Timothy, quiet; $500 bid; no
sellers.
GRAIN IN STORE.
May l6, 1884.
Wheat. Corn. Oats. Rye.
.