The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-12
INDIANAPOLIS MARKETS.
A Cheerful Sun and Milder Temperature
Gives Better Look to Business.
TNpTANAporJc Nav II 72QS

A Cheerful Sum and Milder Temperature
Gives Better Look to Business.
INDIANAPOLIS, May IL, 1885.
The week opens under rather favorable aus
pieces, at least 60 far as the weather will help
trade and in looking over the remarks of Brad
streets, as furnished to that paper from the
leading commercial centers. while there is COM
planning of a quiet trade, a hopefulness for bet
ter times-and belief that we are to have better
times in the near future-is the impression we
gain from the reading of the remarks. Secre-
tary George Wilson, of the New York Chamber
of Commerce, in the annual report, just issued,
takes very cheering view of the business and
commercial outlook. 'The year has opened" he
says, 'favorably; our products are going abroad
freely. The balance of trade in our favor O. ,
the excess of exports over imports of merchan-
dise-for the first quarter ending March 3d.
1885, is stated by authority at $4S, 632, 664 a
marked difference from the showing of
the first quarter OF 1884, when
the imports exceeded the exports
by the sum of $2l. 1852. 1853. The exports of coin
have thus far exceeded the imports by So, 500 000
well be spared We look for year of
gradual revival and full restoration of true
value to every real security and commodity. Al
ready there is a healthy revival in many
branches OF trade, domestic and foreign, bu L
activity in securities cannot be expected until
their real value Is definitely ascertained-in
word, the precise relation of their income to the
capital they represent" The report shows that
the balance Of trade, as shown by the excess
of merchandise exports over imports, from Jan.
l, 1878, to Dec 81, 1884 foots up 81 1885, 1923 498
in favor of the United States. It further shows
that in the seven calendar years the imports of
gold exceed the exports $l69 066 453, and the ex-
ports of silver exceed the imports by $50, 609 816
making net specie gain of $11s 1885, 637. Lo-
cally there is little that is can be said. The
last day or two trade with the grocers has inn
proved somewhat and with the light stocks now
carried by majority Of the country merchants
there seems to be an excellent chance for still
further improvement The produce markets are
quite active, eggs and poultry both higher and
in good demand The other markets steady in
the more important articles
GRAIN.
The local market opened strong to-day The
attendance on Change was good and bidding
spirited The Board of Trade Price Current
saws of wheat: Local markets are in firmer po-
sition than on Saturday, with an active demand
at advanced quotations Arrivals fair. Flu
lures show more interest but are still dull Sea-
board is 1c higher. We quote:
No. 2 Mediterranean, o. t..--..........--....$1.U
No. 3 Mediterranean o. t-----..------------- LOS
No. red, o. t--. ------.--.-----.---.----- 1.Oo
No. red, o. 1.O2
Rejected, o. t.-.. 20 q
May. O. t.----------------------- -------.-.. 1.oo
Corn-Under light receipts, quotations are a
shade higher Offerings meager. Futures dead
We enote;
No. 2 white o, ACKNOWLEDGEMENTS 50
Yellow, O. T. oo
Mixed o. OBSERVATION-DISCLOSURES. 49l9
Re;ected mixed OBSERVATION-DISCLOSURES. 40
Rejected, high mixed. 0. t..---------.--.-.. Asia