The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-27

possibly affected business, but created 10 boom
and but few expected that it would. The pres
ent condition of the grain markets more or less
unfavoraby affects trade. and gives it an un-
healthy tone as it revives the old speculative
mania, which has done so much to demoralize
business the last three years. The steadiness in
prices and the few bad debts made are bright
spots In the commercial world ana tire
/ nearer o cash basis. business is carried on
the healthier will be trade and the more prosper
Gus the merchants: There is too much credit
in all branches of business. It has been de-
m0nstrated time and again that grocers who
conduct their business strictly on the cash rule
can build up q larger trade and make more
money simply because their exemption from
bad debts and the saving Of book keeping and
collection enables them to make their
goods materially cheaper. Beyond this,
another .injustice of the credit sys-
tenn is that it gives a temptation to
those who enjoy IL to make expenditures
beyond their means, while those who buy only
for cash will be sure to limit their expenditures
TO their circumstances. If every one paid their
debts promptly the credit system would offer
conveniences enough to repay the trouble of
book keeping; but in the present condition OF
human nature, the adoption of the cash system
for all branches of retail trade would be benefit
| to merchants and customers alike, as the GUS
toners would not have the bad Debts made by
his neighbors to pay. The firmness IN sugars con-
tinues Coffees are steady, and but few ehages are
occurring in any of the staple articles. The egg
market is being cleared of old stock. and posi-
bly, slight advance in prices will be established
with the opening of the week. good article OF
butter, and fat, healthy poultry readily bring
quotations.
The cloud which hung over the local grain
market on Friday has passed off and dealers to-
day showed more confidence in the cereals The
Board Of Trade Price Current says of wheat: A
eff oil oil onJ
quotations are pushed up shade higher. Under
light receipts choice grades will find ready pur-
chasers at full prices Sellers few: and offerings
light Futures quiet with only slight inquiries.
We quote:
No. 2 mediterranean. o. t.-...........-.$1.O2 1a
No. Mediterranean o. t.-..-..-..-...-... 100
No. 3 red, o. t OBSERVATION-DISCLOSURES. "a
REJECTED, o. C. 30
May. o. t. SO
Corn-All grades in local markets are in &C
tive demand, and prices notch higher
Receipts not so good We note a good interior
point demand, and all offerings can be disposed
of at top quotations. Futures dull. We quote
No. s white o. 90
High mixNd o. Observation-Disclosures. 4Sl2
Rejected No 2 white, O. t..-......-......5 so
Rejected No. white, O. Observation-Disclosures. 40
kelecfed nigh mixed, o. ACKNOWLEDGEMENTS. 400
Rejected mixed, o. ACKNOWLEDGEMENTS. 471s
Unme rchantabie o. OBSERVATION-DISCLOSURES. 45
Sound ear, f. o. ACKNOWLEDGEMENTS. 49la
Oats-Firm and active at quotable prices
Failures not wanted We quote.
No. 2 white, O. OBSERVATION-DISCLOSURES. 391o
Sllxeu. o. oOA2
Rye-No q nominal.
Bran-Nominal.
Hay-Prime Timothy-Dull; $3.50 bid no
sellers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS.
Corn, bushels NEUTRALITY-SUSPICIOUS.. $500
Odts, UuSueibs SVO
GRAIN IN STORE.
April "a. 1885.
Wheat. Corn. Oats Rye.