The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-04-25
INDIANAPOLIS MARKETS.

INDIANAPOLIS MARKETS.
A Quiet Improvement and Sreadiness In
Prices characteristics of the Situation.
INDIANAPOLIS, April "a.
Locally there is little to note. In several
departments fair volume of business obtains,
and comparing the aggregate of sales of the last
twenty days with a corresponding number of
days at any time in some months, decided i'm
provement will be shown The quiet improve
ment which is now occurring in all branches of
business in the United States is independent of
the war news, ard we should be sorry to agree
with the theory Of some bankers and brok-
ers, that the state of trade in this country the
coming season hinges upon ageneral war in Asia
and Europe. The revival of business which is
now taking place is due to the fact that low
prices and diminished supplies afford safe basis
for renewed enterprise, while the careful econo.
mics stimulated during the era of depression
enable everybody to work upon smaller margins
than few years ago. 1t is true that general
foreign war would stimulate trade in this coun-
try, with a possible reaction afterward; but a
wholesome improvement will occur this year if
no war is declared. The New York Shipping
List says of the condition of trads:
"The distribution of merchandise for home
consumption is-confned to current requirements
OF conservative dealers, who carry light stocks
and buy only when these need replenishing in
order to retain their salable character; the in
dustrial sisuation is still embarrassed by COM
petition, meager profits and labor complications
that by their threatening aspect result in an I'M
settled feeling and check the development of EN-
terprise; speculation, under the influence of I'M
Northumberland and efforts to discount the
of a nd Rris-
STA, has retarded rather than assisted the devel
opment of legitimate trade; and railway traffic.
with all its important related interests is far
from being in satisfactory condition. 1t may
be claimed, and with much truth, that with re-
spect to al these features we are making haste
slowly and, therefore, satisfactorily, and that
substantial progress must Of necessity be grad
ual but it is likewise fact that as the weeks go
by, they bring little else but disappoin trnedt to
those who are earnestly waiting and
watching for improvement that is being contin-
ually postponed; that is always coming but con-
tinually eluding our grasp The difficulty is not
that the outlook is unpromsing, or existing con-
ditions unfavorable, but that the mysterious ele-
ment termed confidence does not strengthen
into firm and positive conviction, and every one
is nervously holding back and hesitating. The
mercantile failures reported last week show q
steady decrease since the commencement of the
year. and yet sellers are not encouraged to en-
large their operations. Money is cheap and the
opportunities for investing in what are consd-
cred fair commercial risks abundant, and yet
capital is timid. The cost Of food and clothing is
low and the bulk of the laboring classes fairly
employed, and yet the demand for staple com
modities does not increase. The distribution of
merchandise throughout the country is more act
i've than it was three months ago, and yet
dealers complain OF narrow profits and dull
trade"
Sugars are frmer Coffees steady. Canned
goods moving little more freely. In the prod
uce markets there is a tendency to lower prices
Especially will this remark apply to eggs and
butter few changes will be noticed in provis-
ions which are still moving out rather slug
gishiy.
GRAIN.
A cloud foated over the local market to-day
and good deal of caution was shown in bidding
The Board of Trade Price current says of wheat:
Somewhat slumpy about expresses the situation
In local circles some slight order demand, but
buyers are not very anxious to invest very
largely at present prices, Receipts better
Futures show very little life, some little offer
ings but not much inquiry. We quote:
No. Mediterranean. q. t-...................$1.O 90
No. 5 Mediterranean o. t---.-..-----.--.-.-- 80
NO. = req o. t.- -.---------------------- ~
April 80
Corn-Dull as to prices, and quotations for
most grades slightly lower; quite an active
demand for cash offerings is noticed Futures
only in fair demand. We quote:
No. 2 white, o. 81
NO. . White, o. t- 40
High mixed, o. t.---.---. 48
Mixed NEUTRALITY-SUSPICIOUS.. 473
Rejected, mixed. 4712
Rejected, high mixed ACKNOWLEDGEMENTS. 47lo
Rejected No. white, o. t..-----.--.-.-.-.-..4 7lo
Rejected No. 2 white, o. t...-....-...-...--.4 40
Unmerchantabie o. ACKNOWLEDGEMENTS. 10
Z.
oouna ear, o. - "a
April t-.------------------.- 4619
Oats-Steady and in fair demand for cash ship
ments. Receipts light. We quotes
No. white o. t. 80
Light mixed, o. t.------- 36Ts
Rye-No 2. nominal.
Bran-Dull; ga bid; no sellers.
GRAIN IN STORE
April %. 1885.
Wheat. Corn. Oats Rye.
Elevator A. I3. 300 $4,000 49oOl $500
Elevator b.. 1l,5o0i 229o0 1S, 70pi ..----
Capital Elevator 100000 5000 1000 5000.
Elevator d.. 5000 ------ 1O,O0Ol
Total $500 Al 400 $1,000 $500.
last . Year. -. 1876, 900 10000 1900 $4,000
RECEIPTS BY RAIL PAST TwENTy-FoUR HOURS.
Wheat bushels 5,4O0
Corn, bushels orOUO
Oats, bushels -------------.----.---. l,cVO
The Jobbing Trade.
CANNED GOODS.
ETomatos~ Twopound cans. e0GS5c; 3pound,