The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-15

| shown, they would conclude that the volume
present hand to mouth-paying-asyou-go' policy
is better for business generally than wild
purchases and unpaid bills. Merchants generally
are cautious, and make no bills which they can
when due. and what is still better,
we find there is q growing dis
position among the county merchants to dis
count bills by paying cash, or at an early day,
for their goods.
The prospects of the wheat crop are now
constantly discussed, and tho serious damage
to winter wheat in all States except Michigan
is likely to result in giving a total crop very
much below the average Of recent years. The
crop OF spring wheat will be larger than it would
have been but for the recent prospects of foreign
war; since these prospects led to a considerable
addition. at the eleventh hour, of the acreage
sown to this variety. But for this circumstance,
the disappointment felt in consequence of the
course OF prices during the winter would have
been shown in a reduced acreage Of spring
wheat, which, Joined to the injury inflicted
upon the growing winter wheat, would have
given a very d~iscouraging total for this
years crop. Even as it is, the present
year is likely to be distinguished for
a considerable retrogade movement in the pro
duction of this noblest of cereals; and calcutta
lions as to autumn trade, if at this date any
notions on that subject can be called calcula-
tons, are unfavorably affected in consequence.
vi IiCTS EeDldlHS LOT CONSUMPTION mere ana
abroad a large quantity Of last years wheat, and
the product of the two years, 1884 and 1885, will
make a fair average. AS for general trade, a
very fair movement of goods is still reported
from most OF the important markets. Our i'm
ports continue moderate, decidedly more so than
the exports. At the port of New York the
exports since January l exceed those of last year
by $l2, 600, 900, while the imports are dimin-
ished by 500, 900, 600, and a similar state of
things exists throughout the country, placing
US In the best position for an active expansion
OF business. Money remains exceedingly abun-
dant, as for many months past, and the general
temper is now such that any single influence in
favor OF new enterprise would have important
results.
Prices are hardly as strong in the local market,
neither is the demand so active. The Board of
Trade Price Current says of wheat: Very little
change is noticed, either in prices or feeling; fair
demand for cash deliveries. Receipts slightly
better. Futures dull. We quote:
No. 2 Mediterranean. O. .O6oe
No. 3 Mediterranean o. .------------------- LOG
NO. z red, Q. I.Ool2
NO. D req, o. I.Vo
Corn-Continues firm in local circles at quota
tions. We note both a fair demand and offer
ings. Moderate receipts. Futures not wanted.
We quote:
No. 2 white. o, So
W. - WHlCc, o14
Yellow, o. 49a
High mixed, 0. 491s
Mixed. o. 40
Rejected No. 2 white, o. 5112
Rejected No. 3 white o. 40
Rejected high mixed. o. 481s
Rejected mixed. o. 4Sl2
Understandable, o. A
SOUND caro- %
Oa~ts-Steady and unchanged for local inquiry.
Light receipts. We quote:
NO. z white, o. 80
Mlxeu, D.. oO4
Rye-Nominal.
Bran-Dull and lower; May delivery held at
$l2. 80, without bids.
RECEIPTS BY RAIL PAST TwENTY-FouR HOURS.
Wheat, bushels. 300
GRAIN IN STORE
May 13, 1885.
Wheat. Corn. Oats. Rye.
Elevator A.. l3. 100 Is, 600 5,S00I 500
Elevator b.. $500 12, 500 7,40Q 500
Capital ElevatorI 1S OOOI 5000 * 000L -