The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-04
INDIANAPOLIS MARKETS.


INDIANAPOLIS MARKETS.
Business Sluggish - Merchants Patiently
Awaiting Genuine Spring. Weather.
The backwardness of spring seems to be affect
ing unfavorably trade in nearly all the CONNER
cial centers of the country. A slow retail trade
causes a slow distribution in the wholesale
markets. In lamenting on the condition of trade,
the New York Shipping List aptly says:
Trade is still Influenced very largely by
weather conditions, and a late spring seems to
be responsible for the air of quietude that has
prevailed, well as the general lack of life and
animation observed throughout trade circles.
Not only has the movement been slow and I'M
satisfactory but the indifference of both buyers
and sellers has len. sort of perfume &c.
progress, that is far from encouraging
and has resulted in duh and featureless markets
Ocean freights are trihe frmer for Live rpool
in consequence of increased demand, but re-
quirements of export buyers have not reflected
any Improvement in the INJURY from that quar-
ter 1t is true that the stocks of wheat and
-four in the principal European markets com
paratlvely moderate, notwithstanding the low
prices current for months past but the facilities
OF cable communication and steam tranSpOrta-
ton, have brought consumers SO much nearer
the primary sources of supply, that sudden con-
tingencies can now be provided for within a
short space of time. This tendency to shift
the burden of carrying supplies from distribu
tiers and consumers to producers and manufac
turers, which has been SO conspicuous feature
is observed with respect to home as well as for
eign distribution, and accounts for the general
disposition to buy within the scope of actual re-
quirements The effect of such methods of
transacting business are no doubt wholesome,
for when practiced they are less likely to lead to
overproduction of manufactured commodities
and they have resulted in manufacturers adept
ing, as far as possible the policy of selling in
advance Of production, but they deprive trade of
the elasticity 1t would otherwise possess, they
decrease the opportunities Ter spec'ltasl2". ana
tend to narrow the scope of legitimate transact
tion."
In the local markets trade is spasmodic; an
active business one day is followed by disgust
ingly dull day 1t is true that the provision
market was improving but it seems to be in
more sluggish con dition than week ago, prices
ruling weak In produce there is a fair move
ment; the local demand consumes all arrivals of
eggs, and choice butter meets with ready sale.
Poultry Is firm at quotations. Apples and DO
tatoes are in good supply prices steady but not
strong, Sales OF clover and timothy seed are
large at unchanged prices.
GRAIN.
The local market is in much the same position
as on Thursday; while not specially strong
prices rule steady. The Board of Trade Price
Current says of wheat: The markets in local cir
cles are steady; all grades in fair demand at
quotations. Receipts light. Futures in fair re-
quest, but offerings of forward deliveries are
scarce No markets at seaboard because OF
Good Friday. We quotes
No. Mediterranean. o. t----.--..-------.----., e5
Z NO. RED, o. o4A
NO. . red, o. t OBSERVATION-DISCLOSURES ~
Rejected o. t.-..-.-.-.... 6612
Understandable o. 49, 56
April So
May ACKNOWLEDGEMENTS. e3i2
Corn-While prices for some grades are shaded
off slightly yet inquiries are good and all grades
will find ready purchasers at full quotations
Futures dull and not wanted We quote;
No. white. o. t.. Al
Yellow o. t..--------.-- .---.. 42si
High mixed, O. OBSERVATION-DISCLOSURES. Al 7s
Mixed, O. T. --------------.--- Al
Rejected mixed, o. 403S
Rejected No. 3 white o. 49, 4lSt
Rejected No. z white o. $780, 42si
Understandable, o. ACKNOWLEDGEMENTS 81 u
Sound ear, o. t--- AZ
Oats Firm at quotable prices and we note a
good local demand. We quote:
No. white, o. t. 1855
Light mixed, 0. t---,------- q a
Mixed, o. t. 81
Rye--No 2 nominal
Bran-Nominal.
RECEIPTS BY Raj. PAST TWENTY FOUR HOURS.
Corn, bushels Ooo
Oats, bushels acknowledgements i,ooo
GRAIN IN STORE.