The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-01
INDIANAPOLIS MARKETS.
Trade Thus Far This Year Disappointing, Yet
In Excess of Corresponding Period, 1884.

IA hAceSS Oh corresponding Period, 1854.
INDIANAPOLIS, April So 1885.
To-day closes the fourth month of the year
1885, and while the volume of trade has been
disappointing, we find upon inquiry it has ex-
ceeded in volume that of the first four months
of 1884, and conditions to-day were much more
favorable for a continued improvement than
they were May /, 1884, in fact better than at the
beginning of the year. No better demonstration
of the fact that trade conditions are gradually inn
proving can befound than in the result of several
strikes which have taken place within few
weeks Strikes, ordinarily. in their ending
do not indicate the justice or injusticeof the
question over which the struggle commenced.
About nine-tenths Of the strikes inaugurated
throughout the country are undertaken through
the unwise counsels of leaders among the labor
element, at a time when business conditions
promise no reasonable hope of success; hence
their failure is almost a foregone conclusion, re-
CARELESS of the justice injustice of the de-
mand. Thus it will be observed that the results
of several strikes of recent occurrence demon
strate the gradual Improvement Of business gen
orally. The success of the strike of the employees
on the Gould railroad system, and that OF the
Pennsylvania miners, and also that of the work
men in the shops of the Mccormick mower and
reaper works in Chicago. all bear evidence of
better and more urgent demand for labor Then
the abundance of money in all commercial CEN
tiers Is another favorable omen; then the readl
ness with which it is loaned where security is
satisfactory is deserving of mention. 1t can be
said that while margins have been small to the
wholesale men, the steadlness in prices outside
of the grain markets has been so
marked that no losses worthy of note
nave been incurred from declines, neither has
there been any money made by sharp advances
and taken as whole, the trade of the first
quarter of 1885 fully demonstrates the remark
that while there is no boom in business, it has
reached healthy basis and has taught business
men that the hand to mouth way of trading and
shortening of credits is the safest and best in the
long run. In this locality there is little new 20
note; few changes in groceries in the way of
adjustment occurred. Theegg poultry and but
ter markets tend lower, although not quotably
changed. The provision market is disappointing
dealers. The demand for hog products is still
falling shor: of expectations.
GRAIN.
The local market continues in a strong posi-
ton. Dealers show a good deal of interest.
Attendance on Change is good and bidding spir-
ited The Board of Trade Price Current says Of
wheat: Local markets continue firm. All
grades in good request with light offers. Flu
lures not wanted. Seaboard generally shows
slight decline from opening, and at close shows a
lower market, and at some points dull. We
quote:
No Mediterranean, o. t.......-........-...$1O
No Mediterranean o. t..---.-------.. .O5
NO red, o. b.. 1O4 q
NO red, o. t... LOO
Rejected, o. ACKNOWLEDGEMENTS S51o
Corn-Very active at quoted prices. All grades
in good request, and prices are higher for all
cash offerings. Futures dull; receipts only fair.
Seaboard steady at quotations, and for cash and
near futures are a shade stronger. We quote:
No. 2 white. @, OBSERVATION-DISCLOSURES. 53
YeiioW, o. ~
High mixed o. NEUTRALITY-SUSPICIOUS.. 494
Mixed, o. Observation-Disclosures. 4914
Rejected No. white o. t.. ACKNOWLEDGEMENTS 81
rejected YEN W, o. $780, ~
Rejected mix A. O. Observation-Disclosures. Asa
Sound ear, o. I... ..--.---.--.--.--..-.- 4SA2
Sound ear white, o. t---.-----.-..--.-..--... OIL
Osts-Higher and scarce in local markets.
Sellers are holding all stocks firm. We quote:
NO. white, o. t.. 80
Light mixed. o. g. % i2
Mixed, o. o. ----.---......---.--- ofA
Rye-No. 2, nominal.
Bran-Quiet; $14 bid.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Wheat, bushels. 1,OOO
Oats, bushels. o,oVO
GRAIN IN STORE.
April 90. 1885.