The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-16
INDIANAPOLIS MARKETS.
Less Complaint Among Business Men-A
Better Tone to Trade.


INDIANAPOLIS. May 15 1885.
With the spriRg-like weather, business men
show disposition to roll up their sleeves and
go in for business, as in olden times. However,
none are SO foolish as to expect boom in trade
as In olden speculative times, and small margins
will likely be more satisfactory when it is con-
sidered that there is jumping into fortunes i'm
few days now going on in this country The
prevailing feeling seems to be among the older
and wiser merchants that there is fair volume
of business now in progress, and they
will do their best to profit on what
ever trade comes to them Competition
In all lines is now very sharp, and
goods are sold close, yet with the steadiness in
prices and the few bad debts made, losses are
comparatively light Money Is plenty where
good security is offered. Home banks show a
willingness to lend whenever G God results are
likely to follow, but do not encourage any
speculative enterprises. There is an abundance
of money in all commercial centers and this
means prosperity to the country in due time. The
enormous amount of surplus revenue held by the
banks belonging to the New York Clearing
mouse Association is In excess of anything here
toIore known IN the history of the banks A
year ago this surplus nearly 81 500, 600, and
during the latter part of May there was a slight
dehclency upon the basis of 25 per cent. re-
serve but from that it has steadily grown until
the surplus reported yesterday is $55 300 700
the highest figure that it has reached The total
money held is also in excess of anything in the
past history of the banks, being $l45 III. 900 of
which $ll3 037, 600 is specie, and the New York
banks will not receive silver in large amounts
this specie is practically all gold. Locally in
prices fluctuations in value are few. On larger
receipts, butter potatoes and green stuff
weak at quotations. Eggs frmer, selling from
store at IL to IL cents. The provision market is
steady, but not strong. Sugars and coffees are
both firm at prices quoted Canned goods are
moving better. Stocks are well reduced.
GRAIN.
The local market to-day was sluggish Deal
ers bid with caution, and prices were weak. The
Board of Trade Price Current says of wheat
The feeling generally is dull and inquiries are
principally inspired by order demand. Arrivals
continue meager; sellers seemed more inclined
to dispose of stock at shade less than quota
tons. Futures develop some sellers, but buyers
show no desire to invest in forward deliveries at
present. Seaboard generally weaker. We quote:
No 2 Mediterranean O. t..-.----...-.--...S1O 5 u
No. red, o. t.--. LOO
40: req, o. Ivy
REJECTED, o. t u
weakening and quotations are 4c to &c lower
than yesterday. Receipts only fair. Futures
dull and not wanted. We quotes
No. 2 white, 0, OBSERVATION-DISCLOSURES 81
No 3 white, O. OBSERVATION-DISCLOSURES. 81
Yellow, o. OBSERVATION-DISCLOSURES. 4912
High mixed O. Observation-Disclosures. 40
Mixed. t.. ACKNOWLEDGEMENTS. 4Slo
Rejected mixed, @. AZ
Rejected No. 2 white o. Observation-Disclosures. 5112
Rejected high mixed. o. t.-.--...-.-.. Asia
Rejected No. 3 white O. ACKNOWLEDGEMENTS 914
Understandable, o. 46
Sound ear 0. o. 90
Oats-Steady at quotations. with not much
life in local markets We quote
No. 2 white, o. t.-..:. 3sas
Rye-Continues nominal.
Bran-Dull.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Wheat, bushels. Observation-Disclosures 1900
Corn, bushels ACKNOWLEDGEMENTS. 8, 400
OdtS SOV
GRAIN IN STORE