The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-09
INDIANAPOLIS MARKETS.
The Features of the Business Situation More
Encouraging.


The Features of the Business Situation More
Encouraging.
INDIANAPOLIS, April 8.
The tenor of the remarks of majority Of the
commercial papers is that the business of the
country is steadily working toward healthy
condition Our exports are large and increasing,
our imports small and declining. In other words,
low prices make the United States good coun-
try for the rest of the world to buy in and a
poor one for it to sell in Consequently we are
recovering industrial action. There is little go
to general business however. glutted mar
ket RECEIVERS slowly, and this country is troubled
with surfeit. It will not experience any relief
until it gets wider market Those markets
will be opened to US in several quarters as soon
as we are ready to reciprocate. How long shall
we wait? In the meantime we are selling, as
usual food and and raw material mostly For
the two months of January and February the
export OF corn amounted to IA, l59 600 bushels,
of wheat to 1901, 900 bushels and of -four to
20lS 600 barrels, being the largest amount of
each staple ever sent abroad in those two
months The export of corn regains a magnitude
which it has not approached before for four years
The Financial Chronicle of the 9TH instant
shows our international trade to be in healthy
condition. The exports from New York for the
past quarter amounted to $84, 424, OO0-an in
crease of $10,000,o00 over those of the same
quarter last year. The imports amounted to
$50, 600 900, the smallest for several years; the
imports for the first quarter in 1884 amounted to
$115 600, 600. in 1883 to $4,000 coo, in 1882 to
$l25, 666 OO0 Such drop in the importation, of
which fully wothirds enter the country by the
port of New York. means. OF course, a shrinkage
in the customs revenue, which has amounted,
from July to April /, to $l37 l89 000-a loss of
Sl3, $40 900 The entire receipts of the govern
ment for that period were 1921, 405, 900, against
$259. 007, 900 for the same period last year. The
The importation of dry goods has shrunk more
than any other line Of goods; the total at the
port of New York for three months was $29, 49,,
0O0-a reduction of about 81, 900, 600; the total
for nine months has shrunk to $50, 202, 000-the
smallest since 1869, when it averaged only
1863, DOC, 900 flor the three quarters) for three
years. Locally, there is little that is new to
note. The sugar market continues dull and dis
tribution slow The coffee market is little
The egg, poultry and butter markets are steady
at quotations.
A stronger market covers the local situation.
The Board of Trade Price Current says of wheat:
The march toward higher quotations continues,
and, while the advance has not been rapid, yet
the strong feeling all along the line would indi-
cate that dealers believe that the war rumors in
crops are sufficient grounds for anticipating bet
ter prices. In local circles all gradable stock
will bring full quotations. Futures rather dull
We quote:
No. mediterranean o. ACKNOWLEDGEMENTS 712
NO. 5 Mediterranean, O. ACKNOWLEDGEMENTS. S6l2
No. = red, o. t.---- S6l2
No. 3 red 0. t.. ACKNOWLEDGEMENTS S2la
rejected, o. t.. 70
ohmefchantaole o. t.-------- oS4
Corn-All grades are in excellent demend. Re-
ceipts light Futures dull. Sales of sound ear
made at 43c after call. We quote:
No. 2 white, o. ACKNOWLEDGEMENTS. 4414
No. white, O. Observation-Disclosures. 425s
Eslozs o. Observation-Disclosures. 40
High mixed. O. ACKNOWLEDGEMENTS. AZ
Mixed, 0. ACKNOWLEDGEMENTS. AIS
Rejected mixed 0. Observation-Disclosures. 4O19
Rejected No. white o. ACKNOWLEDGEMENTS 43
Sound ear. O.. OBSERVATION-DISCLOSURES. 4212
Sound ear, No. 2 white O. Observation-Disclosures. 43
Oats-Firm at quotations We quote:
No. 2 white, ACKNOWLEDGEMENTS 81
Light mixed, o. 327s
Mixed o.. ACKNOWLEDGEMENTS. 3212
AeJected, o. 81
Bran-Firm $l4 20 bid; held at $685.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Wheat, bushels 600
Oats, bushels. q, 900
GRAIN IN STORE.
April z, 1885.