The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-01-09
TRADE AND COMMERCE.
A Cheerful Feeling Obtains, but Business
Continues 9guiet.

Continues Quiet.
INDIANAPOLIS. jar. g.
Throughout business circles there is @ cheer
fnl feeling noticeable, and sanguine belief that
we are entering upon better times, yet the vol
ume of business does not justify much exultation
as yet Ia commenting upon the opening bust
ness Of 1885, the New York Commercial Adver
tiser says: The new year has opened with a
more cheerful feeling in commercial and financial
circles, and some anticipation of this vas felt
toward the close of December. The most effect
I've influence at work, there is little doubt is the
decided advance in the price of wheat, which is
felt in all our markets, from the great Touring
mills of Minneapolis to the ships side in New
York. The unprecedentedly low price to which
wheat fell soon after the harvest. coupled with
complaints on the same score from foreign mar
kets even those of import had very depressing
effect on the minds of all people engaged in
trade, and caused particular apprehension as to
the results of railroad traffic for the remainder
of the crop year, both as to actual business and
as to possible hostile legislation in the wheat
growing States But the price of wheat at
length attracted buyers for considerable ad
vance, and this, being followed BY fuller
reflection upon the worlds supply and
consumption of this article, has led to a
strong upward movement, of which it seems
likely that the greater part is substantial True,
the system of dealing in wheat for future de-
livery by months tends to aggrayate any specu
Iative advance or decline, and from time to time
make prices which are well understood to- be the
result of forced deliveries or forced sales, and
margin must be allowed on that account; so that
we need not consider the present advance to be
really as great as it appears to be. 1t is perhaps
worthy the consideration of the trade whether
the mode of dealing In options shall not be
changed, the system of months being abandoned
and something analogous to Stock Exchange
practices being substituted for it, Locally
trade is fair; however, bad country roads some
what unfavorably affect trade, but the situation
on the whole IS improving Sugars are firm at
quotations; coffees steady. IN produce circles
there is fair movement Eggs, poultry and
butter arriving freely-priees barely sustained.
Should the present mild weather continue a
break in the market may be looked for Pro
visions firm at the advanced quotations of
Wednesday.
The situation locallyis unchanged; attendance
on Change larger since the first of the year
Bidding active for short stuff; arrivals meager
The Board of Trade Price Current says of wheat
nAbout the same as to price and feeling covers
the situation. Very little arriving. and offerings
scarce. Futures develop some inquiries but
sellers fail to matesialize. We quote:
NO. red Q. t---..--------.--...---.-.-- Sd
NO. D red o. t..--- 70
Rejected Mediterranean o. t...........-..... 20
January o. t..-.--.---------....-.. 81
February o. T. o.
1orn--IG local markets all color grades are in
good demand, with only fair offerings. while
white grades show an indifference upon the part
Of buyers, and prices have gen orally weakened
Futures continue dun and receipts sre light We
quote:
M q vgl,;ta n 4 90
$50 Hf2Bo W .. Of
LcAcw, 9. I..--.-..--.-.-----.-. ........... SIoS