The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-19

Good Cheer One of the Needs OF the Business
Men-The Physical Status All Right.

Good Cheer One of the Needs of the Business
Men-The Physical Status All Right.
INDIANAPOLIS June Ii.
Every day makes it more evident that the bust
ness interests of the country are now in the con-
dition Of sick man whose physical status is all
right, but whose mind needs cheering up. Wise
merchants and manufacturers are quietly buying
materials and merchandise which, like wool, and
clothing and boots and shoes, and many lines of
dry goods, are now drtcheap Eastern papers
report plethora of money. The banks and
trust companies find it difficult to use their
money in any other wayr and with steady prices
and liberal margins they welcome call loans on
stock collaterals as the only available
relief. OF course, the officers think they
conservative, and each one is sure that he is
smart enough to escape danger. In case of an
emergency, however, they all would want to
realize on their securities at the same moment.
The very ease with which stocks have been car
ried for long time is therefore a source of dan
ger. 1t may be that the danger is remote, for,
perhaps, no one anticipates financial revulsion,
but the peril exists and Wall-street panics
rarely give notice of their approach. Leather
dealers report trade sluggish Eastern papers
say the market is lacking in tone. and while
prices are nominally unchanged, the situation
favors the buyer A further slight decline may
result but prices are already SO low that dealers
are not nervous over the situation. The dull
ness is not due to the question of prices in
any measure, but rather to the determine
ton of the trade not to anticipate wants.
Druggists are experiencing a slightly improved
trade. The quinine market is firmer on reports
of slight advance abroad. Grocers say the
coffee trade is usually dull in June and SO far
this month promises to be no exception. The
local Jobbine trade is very slow and the demand
from the outside sections is full as quiet The
dealers are generally carrying ample stocks, but
the consumptive demand is small Prices have
shown an easier tendency. In sugars there is
fair distribution in progress. Prices are steady
but not specially strong. In the produce mark
cts there are new features worthy of special
note. On majority of articles the tendency is
still to unprecedentedly low prices for June.
Eggs, specially, are weaker on light demand
GRAIN.
There was a better tone to-day to the local
market, and dealers seemed to take hold more
freely The Board of Trade Price Current says
of wheat Steady at quotations, with light offer
ings. Receipts are light, and bids confined to
spot delivery. New York s0l2c higher Balti-
more steady, and Chicago &c higher. We quote:
No. Mediterranean o. Observation-Disclosures 95
No 3 Mediterranean. o. Observation-Disclosures SO
NO. 4 RED, o. t.- 80
Corn-The market is firmer with good inquiry
for all grades. Seaboard is S0sc higher, and
Chicago &c higher. We quote:
NO. white, I. o. b.. 53
No. white. o. ACKNOWLEDGEMENTS. so
Yellow, o. OBSERVATION-DISCLOSURES. AT
High mixed, 4612
Mixed, {. Observation-Disclosures. 46
Rejected mixed. o. t. As
Rejected. high mixed. o. OBSERVATION-DISCLOSURES Asia
Rejected Yellow, o. OBSERVATION-DISCLOSURES. 46
Sound ear o. Observation-Disclosures 46
Sound ear, high mixed, o. Observation-Disclosures. 464
Sound ear yellow O. 4512
July, o. Observation-Disclosures. AT
Oats are in fair demand, with prices q shade
higher. We quote:
No finht White O. s 80
Mixed, o. %
heJecteu, U. %
Bran--Firmer; $l2 % bid, held at $13. % to
arrive.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Wneat, Dnsnels Observation-Disclosures 5,OOO
oats, DuShels I,OOO
GRAIN IN STORE
June II. 1885.