The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-05-06

upon the condition Of trade the New York Ship
ping List says: "The progress towards recupera
ton already accomplished has developed so
gradually that scarcely any benefit has been de-
rived ftom the stimulating influences Of i'm
provement Complaints seem to based more upon
the features Of the situation than upon
the aggregate volume of transactions and bust
ness men appear to be discouraged because the
pace continues so slow They fail to realize the
fact that the enormous resources OF the country
are in reality being actively and steadily util-
lied by the operations of trade, commerce and in
dustry, and that underneath the surface currents
of dullness that for the time being are most
prominent, . condition of healthy and substan-
tial recuperatlon is in progress. It is, nevertne
less true, however, that these upper currents are
most potent factors in formulating popular SEN
timent and are most frequently the basis for
diagnosis; but the constant desire todiscount and
forecast be- f1ture is the reason they are so
eagerly I'D upon and so often exaggerated.
This is the cooring that is generally reflected
from commercial exchanges, and although often
more artificial than real, is the less an inn
portantgauge OF the drift of popular sentiment
Advlces from almost every section of the coun-
try report trade moderately active the past
week, that is, dealers have experienced a steady
outlet for their supplies which they replenish as
often as occasion requires, but there has been
no disposition to purchase beyond current wants,
and buyers seek merely to keep their stocks in
salable condition. Furthermore, the narrow
margin of profit now obtanable leads to keen
competition Small traders endeavor to get into
closer relations with primary markets, in
other words, to buy directly from first hands,
and the more this is successful the more the
mlddleman complains; but these complaints
merely Indicate that the channels of trade are
shifting, and not that its volume is undergoing
shrinkage" Locally there is little new TO note,
the same steadlness In prices continues to pre-
vail which has characterized all markets out
side of the grain markets for some months past
The produce markets are quite active. Butter,
if good article, meets with ready Sale Eggs
are strong at quotations and the same is true of
poultry The wool market is quite active and
prices firm as quoted.
1t was an off day in the local market and
dealers bid with caution. The Board of Trade
Price Current says of wheat: Somewhat off
color both as to prices and offerings. Very lit
tie interest is noted either in spot or futures.
general weakness is evidenced all along the line.
The bears seem to be on deck at the present
writing while the bulls are conspicuous by their
absence. Eastern markets lower and dull. We
quotes
No. 2 Mediterranean, o. t---.-....-.-..---.$1.0O
NO. . red, o. H. 30
Corn-While an active demand is noticed for
nearly all grades, yet quotations have shaded OFF
slightly and sellers are not holding stock quite
so firm. Receipts small Futures not wanted.
Visible supply continues to decrease, showing
759, 0S6 bushels less than last report Seaboard
weak and lower. We quote:
No. white, O. Observation-Disclosures. So
NO 8 White, OBJ -.-.....---.---- q
Yellow O. ACKNOWLEDGEMENTS 40
High mixed o. t....---...-..---... Asa
Mixed O. ACKNOWLEDGEMENTS. AZ
Rejected mixed o. ACKNOWLEDGEMENTS. 475s
Rejected No. 2 white, o. Observation-Disclosures. 81
Sound ear OBSERVATION-DISCLOSURES. 48
Sound ear, white, o. t. Observation-Disclosures. So
Sound ear, high mixed, o. Observation-Disclosures 4S
Oats-Not quite active. Only fair de-
mand for cash deliveries. We quote:
No. white, o. ACKNOWLEDGEMENTS. 3S1o
Mixed, o. ACKNOWLEDGEMENTS. 81
Rye-Nominal.
Bran-Nominal.
Middlings-Dull; held at $l7, without buyers.
RECEIPTS BY RAIL PAST TwENTY-FoUR HOURS
Corn bushels. ACKNOWLEDGEMENTS 200.
GRAIN IN STORE.