The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-10

A Little of the Bright Side of the CONNER
cial Situation.

n LltVl0 Oh the kSFlSnC sue Oh TIC OOlnncI-
cial Situation.
INDIANAPOLIS, April 8.
One of our leading wholesale grocers, who for
three weeks past has been travelling a good deal,
for his health partly, and to learn the business
situation as we'll, returned on Wednesday night
He says business is looking upin almost every
department throughout the country, and that as
soon as spring fairly opens we may look for pros
perity to shower it's blessings all around The
thousands Of idle laborers who have been out of
employment for months will have work of some
kind to do, and there will be activity all along
the line. Skilled and unsklled labor having
once found employment, and thereby their
capacity to purchase having been enhanced the
effect will be feltby the merchant and the benef-
icent result will be extended through all the
ramifcations of trade and business. The
New York Evening Post, as well,
in commenting this, subject says
THE volume of miscellaneous trade is in most
places slowly increasing and the eastward move
ment of breadstuffs continues on an ALMOST un-
precedented scale Exports keep to accustomed
figures, and imports are still conducted with
caution. Railroad traffic, so far as reported,
shows general increase in gross earnings, but
this does not hold good of the trunk lines, as
there are too many OF them between the sea-
board and Chicago, and two of them are already
in need of reorganization, with one more not far
removed from the same position, and all of
them showing the effects of too great competi
ton. Manufactures except in cotton
goods, seem. to be doing pretty WE'LL and
at any rate attract less attention outside their
special circle than they did while ago.
The coal trade also has become less of a subject
of discussion, and seems to have fairly settled
down to year of large production at low prices,
encouraged by considerable increase in the
production of iron and steel The whole situa-
ton is prosac. but the work of recovery is max
ing slow and healthy progress" Locally the
volume of trade is increasing somewhat, but too
slow to satisfy the desire of a wide-awake mer
chant. The same steadiness in prices which has
been characteristic of the principal markets
for weeks past continues. Bills are being met
since the first of the month with reasonable
promptness and the situation certainly is grow
ing no worse.
A strong market covers the local situation.
Dealers show good deal of interest and bid
with spirit. The Board of Trade Price Current
says of wheat that it is firm and higher Owing
to the news of the war and weather reports the
markets are wild and excited all along the line,
and prices snow an advance of 405c. Sellers of
all grades are very scarce. We quote:
NO z Mediterranean o. t. ----.--, 81
No. Mediterranean, o. ACKNOWLEDGEMENTS. 80
no = feu q. oOA2
No. 3 red, o. OBSERVATION-DISCLOSURES. 87la
heJecIeu o. J--. ~
Corn-This market is also higher and excited,
in sympathy with whea t, but sellers being little
more numerous, the bulls were not so wild, and
prices staid within the range of 1c advance over
yesterdays quotations. We quote:
No 2 white, o. ACKNOWLEDGEMENTS. Ash
No 3 white, O. OBSERVATION-DISCLOSURES. 43
Yellow. o. Observation-Disclosures. 43
High mixed O. Observation-Disclosures. 423i
Mixed, O. ACKNOWLEDGEMENTS. AZ
Rejected mixed, 0. ACKNOWLEDGEMENTS dig
Rejected No. 3 white O. Observation-Disclosures. 425s
Rejected No. 2 white O. Observation-Disclosures. 44l4
Sound ear, o. t-- 40
Oats-Firmer and active. Under light re-
ceipts the demand is good We quote:
No z white, o. IT, 80
Rejected, o. to- 31i2
Bran-Firm; $14 80 bid; none offered.
Hay-Prime Timothy, $l2 bid held at $3.50
to arrive.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
WneaU, bushels. ,ZUO
Corn, Dusnels oOU
GRAIN IN STORE.
April s. 1885.