The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-04-24
INDIANAPOLIS MARKEr
Charming Weather and Easy Money
Market, Yet Trade Is Dull.

Charming Weather and an Easy Money
Market, Yet Trade Is Dull.
INDIANAPOLIS, April %.
The charming weather of a few weeks past
and an easy money market fail to give much
Kfe to trade The mania for striking that has
ssized the employees of so many labor-employing
corporations has done much toward intensifyine
Iae dullness, and has prevented the investment
sf capital in enterprises that would have created
~ increased demand for all sorts of both skilled
md unskilled workmen. This fact has increased
ne amount of idle money in the great cities OF
She Atlantic coast. and has reduced the rate of
interest to a merely nominal figure, and, in
turn, the Western banks are full of money
which responsible parties show no disposition to
borrow, or, If deposited, to withdraw to invest
IA business enterprises. The belief prevails that
with an increasing export demand, grain
is sure to begin to move more
freely, and this may stimulate trade somewhat;
that Is, if the switchmen conclude to allow rail-
roads to run their trains. The Toledo Produce
Exchange says "As the operations of the ex
porters are revealed, day by day. it Is quite OBJ
vious that, reaching back beyond the commence
Enent OF tho break healthy purchasing bust
ness was being done for the continent The ad-
VoHs u Cu0ap Wdbok bTuHepOEt6biOu Will sOOh
make change in the situation. A good deal of
wheat will fit away out Of sight, for supplying
mills and other demand, and the great stocks
will not be reinforced by fresh country supplies.
IL is evident that farmers Of spring wheat ave
also been pressed to sell, or put their wheat in
store, and have little surplus above their own
eonsumptive wants 1t seems to us very natural
that farmers in a new country, and raising only
one crop. would be compelled to do so. TIC
sum up, we have to say that conditions
In sight favored the dealers for decline, but
we believe the sentiment Of the country and the
outward and inward movement OF wheat will put
stop to short selling present basis. We be-
ieve further, that wheat is likely to make steady
improvement, and that reasonable appreciation
here will affect foreign markets and help us to
maintain fair price. Our visible supply will
continue to decrease rapidly. We believe again
that the world has seen a lower range of prices
&han We shall witness again very soon We are
not likely to meet this year with another public
calamity by producing large crop The wheat
area has been largely shortened here and
abroad, and the worlds surplus will more closely
approximate to its consumption and
under such conditions higher range
Of values will be more easily maintained"
Locally there are some changes of Importance.
Sugars advance / cent and will likely go still
higher. The last day or two the bottom has
dropped out of Ghe potato market Some com
mission houses sold choice stock at 55 to 60
gents per bushel while sales were made at as
low as 40 to 10 cents. The market is really
Dverstocked and prices are nominal. Green
salted hides are trife frmer; the market, how
ever, continues tame.