The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-04-22
TRADE AND COMMERCE..
A Blue acknowledgement Weather a
Wet Blanket on Trade.

Wet Blanket Trade.
The general merchandise markets were tame
to-day, raw, disagreeable air and bad country
roads unfavorably affecting trade. There were no
changes in quotations calling for special men
ton Eggs are firm at quotations Poultry and
hog products weak at prices quoted. Choice
butter is still scarce Little above the average
mediocrity is coming in, and the cry for genuine
sweet roll is going up from the housewife, who
tires Of the loud-smellng country, the over
colored dairy so generally distributed in
town. The New York Shipping List of the 10Th
says of trade: A fair volume of trade has been
in progress in the several departments that
supply the necessaries of life and the demand
indicates a steady and in some instances in
creased consumption, but the stream is slug
gish in its movements, and a continued
shrinkage of values has had a tendency
to aggravate rather than alleviate the
feeling of distrust that is really at the
bottom of the existing depression. The standard
OF values for both merchandise and securities
has declined so much below what is considered a
low average, compared with previous experience,
that the question frequently propounded of late
is, nave these staple commodities and dividend
paying securities no actual value in the estlma
ton of the publicf SIS there limit to this
steady outflow of the tide9" Are no hopeful
signs visible In the commercial outt0okF" PaSt
experience demonstrates that the tendency of
commercial affairs has always been from one ex-
IRENE to the other. Prosperity resulted in over
production and speculative imitation; the first can
only be cured by patiently waiting until the sur
plus supply has been used up, and production re-
duced to meet the actual requirements of con
sumption; the second will reach its normal con
dltion when the investing public has become
convinced that there is no longer danger from
vicious system of capitalization and dishonest
methods of management The indianapolis
Grocer, in its last ISSUE takes strong ground
in favor of working business
credit basis 1t says Mark we'll the prediction:
The day Is not far OF when thirty days will be
the limit of credit when the retailer will take
the benefit of tie discounts for cash. sleep well
Of nights, undersell his less provident neighbor
and grow fat through a respite from worry and
financial slavery. We wish every reader, be he
jobber or retailer would throw aside prejudice,
willfulness, stubborness, unreasonableness, and
seriously consider how great the blessings to
arise from reform such as we have indicated.
Why should sixty days be the limit of credit,
and ninety days oftentimes the result of it! Why
not thirty daysl VIII some of readers ans
wer these questions3 More failures arise from
lndulgenees, long credits, carrying customers"
than the trade is willing to admit. But frankly,
these are facts. The customer is not benefited
by being carried" 1t is all nonsense. 1t lowers
his credit, endangers his prosperity and jeopar
dies his independence. Beware of the dealer
paid for when you get ready The words
should read, Ito be paid for when land the
sheriff. get ready"
GRAIN.
A inner tone was a characteristic of the local
markets. Receipts continue light. Bidding on
Change was quite spirited, more especially spot
stuff The Board of Trade Price Current says
of wheat: We note decided improvement in
local circles both as to tone and feeling. No. 2
red sold call at Los f. o. b. and all offerings
of choice grades will bring full quotations. Ar
rivals still continue scarce. Milling demand is
active; futures in no request. New York is 3-4c
lower, Baltimore 1-2c, and Chicago is 1c below
Saturdays prices. We quote:
No. Mediterranean, track. $I.0S
No Mediterranean, track. l04
No Mediterranean, track 1.02
No. Red {. O.. Observation-Disclosures. 1.03
No Red, truck Observation-Disclosures. 80
Mixed, track ACKNOWLEDGEMENTS. 90
July, track Szi2
Corn-Aetive and higher covers the ground in
local markets, No sellers of any grades. All
spot deliveries in good request Orders difficult
to fill in consequence of scarcity in gradable
stock. Futures are friendless. New York is
38c lower, Baltimore steady, and Chicago de-
clined 3-4c from Saturday. We quotes
NO white, track .-.----.----.-.--.---54
No 3 white track 51l2
Yellow, track ---..------.---.-------9
High mixed, track .----s-.-.---.--.---.--.5 81
Mixed track. ACKNOWLEDGEMENTS. -50l2
No. g. track. Observation-Disclosures
Oats higher for the better grades, and under
light receipts all deliveries are in good demand
at firm prices We quote:
No. 2 white, track. ACKNOWLEDGEMENTS
Light mixed track. Observation-Disclosures
Mixed, track. ....34
Rye-Steady; Coo bid; no sellers.
Bran-Steady; Sl3 so bid; none offered.
Hay-Prime Timothy firm; $ll.50 bid no
sellers.
gNE2a GRAIN IN STORE f~ -.s
April 10, 1884.