The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-02

aptly, that Speculation always has and always
will make more noise than business, and reports
of hard times and broad belief in commercial
stringency fill the land when sound and stable
business enterprises are moving along, making
the small, steady profits of low prices and large
demand. Barring the trades trafficking on the
growth Of our railroad system-a big lot-and it
will be found that the overturn in the
first quarter of 1855 is about equal
to the first three months of 1884. but
the margin is very narrow. and establishments
working under any disadvantage of place.
freights, capital ETC., are being squeezed out.
The consumption of raw material and OF food,
our retail stores and their advertising, and the
issue of many labor disputes, all unite to show
that speculative, rather than sound solid bust
ness. is suffering. The speculative grasshop-
pers, however, who never leave the earth, except
for a useless flyer make the field ring with
their importunate chink, whilst thousands OF
great cattle, attending strictly to business and
to beef, are silent The conditions of trade when
this discrimination must be made differ widely
from those which exist at a flood tide OF trade
which bears all along to fortune. The most
striking personal difference lies in the fact that
men and enterprises only survive which have
strength and skill to make money out of very
narrow difference between the low price of the
raw material and the relatively lower price of
the manufactured article The result is,
that while in good times pretty much
every one seems to be forging ahead, it is only
exceptional prudence and ability gives Roadway
now. The next difference is to be found in the
extent to which speculative interests are affected
oy accidental causes-as now by reports OF war
abroad, whose occurrence grows less and less
likely. Third, the influence of real changes in
the business situation is greatly increased by the
close figuring of low values" Locally trade is
fair. The egg market has at last settled into
steady position. Choice butter sells readily at
the best quotations. The same is true of
healthy fat poultry Potatoes easier, and i'll
good supply. The coffee market is frmer. The
latest advices from Rio show falling off in the
daily receipts and sitter market there
European markets have advanced &c to &c, and
the importing markets in the United States
added &c to &c to values Sugars are dull but
firm New Orleans moasses is quite bullish in
this market and it is now certain that there
will not be enough open kettle stock here to
supply the demand between now and the incom
ing OF the new crop. Syrups are selling at full
figures Teas are firm and active. Rice is
hardening. Canned goods are steady.
GRAIN.
A strong market covers the local situation
The Board of Trade Price Current says of wheat:
In local circles the demand for all choice grades
still continues good Receipts of gradabe stock
very light Futures friendless. We quote:
No. 2Mediterranean. o. OBSERVATION-DISCLOSURES, SO
No. 5 Mediterranean o. t---.---.---------- S4l2
No. red, o. Observation-Disclosures. S4le
40: . red' 0. -
Rejected, o. t-------- ------.----.---. 6Ii2
Corn-We note an active local market at
quotable prices Offerings more liberal and buy
ers are willing to give top prices, especially for
gradable stock. Receipts good. Futures not
wanted. We quote:
No 2 white, o. 43a4
No. 3 white O. Observation-Disclosures. 423S
Yellow O. Observation-Disclosures. AZ
High mixed O. ACKNOWLEDGEMENTS. Al 81
Mixed o. Observation-Disclosures. Al q
Rejected No. white o. Observation-Disclosures. 43
Rejected yellow, o. t.. AZ
Sound ear, o. t...--.--...-....-..... 427s
Oats-Firm at quotations All cash deliver
les in good request We quote:
NO. White, o. IT, 05S4
Light mixed, 0. 1928
Mixed, o. NEUTRALITY-SUSPICIOUS. 80
htJecleui y. ~
Rye-No 2, nominal.
Bran-Firm; $l4 f. @. b. bid, without sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
w neat, DuSnels -SOO
Corn, Dusnels % 4 wv
GRAIN IN STORE
March 81, 1885.