The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-17
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INDIANAPOLIS MARKETS.
Continuous Rain Acting as q Wet Blanket
ON Trade.
INDIANAPOLIS. April 16.
The markets to-day were rather sluggish yet
the volume of trade is as large as could be ex-
pected under the circumstances. The weaker
grain and provisions markets were the grounds
for much talk, largely of a speculative char
acter, and have, at least, severed to turn the at
tention of the grumbling business to the proba-
bic results should the hostilities across the water
actually m Locally there were no
changes in values calling for special mention,
Receipts OF eggs, butter and poultry are more
liberal, and while prices are not q~uotably lower
they are not so strong as in the early
part OF the week. Regarding the commercial
situation the country over. the New York Ship
ping List of the 18th says aside from the in
huences of a threatened war between two great
European powers, which has most directly af-
fected speculative markets, the general situation
OF trade has developed but little change since
the close of last week. There has been a slight
increase in the volume of business in several de-
partmentS of home trade, but the season con-
tinues backward and the stimulating influence
of an active spring demand is still lacking.
The movement In dry goods and
groceries has shown no general i'm
provement. Although the absorption of
supplies has quickened in some localities, the in
dustrial activity of the country is still hating,
embarrassed either by labor disturbance or pro-
duction that IS In excess of requirements, and
the financial situation at all important money
centers still reflects a disposition to hoard mon
ely, because of a want of confidence in available
investments, and an absence of demand for COM
mercial purposes. In other words, SO far as the
actual business accomplished during the past
three days is concerned, the existing conditions
are much the same as they have been for several
weeks past. and except the surface indications
of the war excitement, nothing has transpired
to materially change or quicken the current
of commercial affairs. The European war
cloud has naturally impaired a temper
OF feverish uncertainty to all speculative
operations, and fluctuations in values have been
directly and almost wholly under this influence,
while the anxiety to discount the future, that
has pervaded all departments of commercial
activity, has resulted in a feeling of hesitation,
that has restricted and retarded the negotiation
OF fresh transactions. That p war between two
such great powers as England and Russia will
have a direct and important bearing upon the
domestic and foreign trade of this country,
there is no difference of opinion. and it is gener-
ally conceded that whatever may be the first
effects of a declaration of war, the commence
ment of hostilities will eventually benefit US,
but in what direction and to what extent this
improvement will be experienced, opinions, even
OF conservative authorities, are by no means in
harmony"
GRAIN.
1t was an off day in the local markets, and bid
ding on Change was slow and cautious. The
Board of Trade Price Current says of wheat:
The bulls" are not quite so numerous as they
were a few days ago. Alas for the confding
souls that looked for the market to touch ST. 5
without a break" If questioned, they might be
able to give some information as to the number
of cross ties between the Hoosier capital and
their rural homes. Local markets, in sympathy
with the general decline and weakness, have
gone off three points. and dealers are more d e.
sirous to sell than buy. Receipts are more lib
eral under the sudden boom in prices. Futures
are an uncertain quantity. We quote:
No. Mediterranean. o. --..---.---.. $1.OO
No. 3 Mediterranean o. ----..---....--.... LOO
No: 8 red, o. 93ls
rejected, o. 80
Corn-Local markets give evidence of slight
weakess both in tone and prices. Receipts only
fair, with less demand than usual. The visible
supply report shows a large increase, amounting
to over 1,500, 600 bushels. Futures not wanted.
We quote:
NO. 2 white. az
No. 5 white, o, 4634
Yellow, o. 47l2
High mixed, o. 46La
Rejected No. 2 white, o. AZ
Rejected No. 3 white, o. 46l2
Rejected high mixed. o. 45l2
Sound ear, o. As
Oats-Only wanted as orders may require.
Prices well maintained and receipts light We
quote:
No. 2 white, o. 371e
Mixed, o. 3612
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, bushels. 5000
corn paslels O,OOO
GRAIN IN STORE.
April 15, 1885.