The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-06-30
FINANCE AND BUSINESS.
6ENBRAL MARKET REVIEW.
MONEY NOTES.


Fhe New York Bulletin OF Saturday last
sayss In the gold room, In addition to the
natural influences which depress the price,
reports were current that the treasury
during Jsly will sell SlOOOO.O0O to $4,000.
OOO The July program will not. in the
ordinary course of affairs. be published
until the morning of July 9Th, so that the
trUJn or falsity of these reports must remain
in suspense until that time.
The Inter-Ocean thinks the prospects for
fan business in the West are remarkably
good. TIE wheat and corn crops of the
West and Northwest are now comparatively
ont of danger, and the yield of both this
year il likely to be as large as ever known.
For the present the receipts of grain are
much larger than anybody expected, and
show that instaod of the granaries of the
West being depleted, as was believed by
many q month ago, the West is still receiv
ing large amount of money from sales of
grain, and that the country is getting rich.
GOLD IN THE UNITED STATES.
Mr.. n. Young, chief of the bureau of sta
hstiss, writes letter to the New York Bull
letin from which the following extract is
taken: IL to our imports els, 900, 900 be
added for gold coin brought here by immi-
grants from the United Kingdom, and an
equal amount for that brought by other i'm
igrsnts, there will still remain el05 100000 as
the excess of our registered exports over our
registered imports and the gold brought in
by immigrants taken together. Our unreg-
istered imports, however, are partly bal
ancod bv unregistered exports, which have
been much more considerable than is
generally supposed. The suspension OIL
specie payments, which took place
within the period under consideration, was
iOllOWed NY an outflow of the precious
metals in all directions, and, in the aggre-
gate. millions of dollars never registered in
our custom houses have found their way
across our frontiers into the British prov
incess on the north and into Mexico on the
south. Much has also been carried away by
sea in the pockets Of travellers, returning
miners, etc: and Mr.. Rossiter w. Raw
mOnd in his report for 1870 mines and
mining west of the Rocky Mountains, states
that he has had positive information of
more than sI.co0,oOO of gold having been
shipped from tie country during the year
1870 In the form of ores and mates. Ii is
probable, therefore, that the gold CHIEFLY in
the form o. cOin) brought to this country in |
the pockets of immigrants during the six |
teen years from 1857 to 1872 inclusive has |
been fully balanced by unregistered gold |
exports, consisting partly of coin (of which |
the larger portion of cabin passengers annu- |
ally leaving our shores generally take from |
one TO three hundred dollars each) and |
partly of gold dust, nuggets, ores, mates, /
and manufactured articles. In this
case the excess Of the total effiux of gold |
over theinfiux will not have been less than |
the excess of the registered exports over the /
registered imports, that is, about 1857 900 /
OF course this amount Is much smaller than |
the estimated production of gold in the /
United States for the same period, but the \
latter includes gold used in the arts. includ-
ing fewelry, watch-cases, pens, penholders. /
oil hon e III.
foil for dentists. gold Leaf, etc. EST mates of
the amount of gold so used, furnished to Dir. |
Raymond by persons engaged in the bust |
ness, varied from 80 100000 to upwards of |
Sl3, 900 900 per aruum. The truth is that all |
our statistics of gold production, as well as |
the movement OF this metal to and from the |
country, mast necessarily be imperfect. ow-
ing 10 the portable character of the metal |
and the ease with which considerable values
escape observation; but It is at least quite
evident that there is no force whatever in |
the argument advanced by Mr.. Seyd, that as |
we have not given amount of British coin |
now circulating in this country, that amount
never was brought here.
RULES FOR THE NEW BANK-NorE REDEwP- |
TIoS.
Treasurer Spinner has issued a circulsr
respecting the depositing of United States |
notes by national banks for the redemption
tons two and three of the new currency act. |
Every national bank, nationa; gold banks |
excepted. is requested to cause to be de- |
posted in the treasurer's Office an amount of
United States notes equal to five per cent. of |
It's circulation. In estimating the circulation |
upon which the percentage Is required, there
must be included notes of it's own issue in
the possession of the bank as we'll as those
in actual circulation; and there should also /
be Included any amounts that NAV have
been returned to the comptroller of the cur
rency by the bank, and for which il is to re-
ceive new currency The United States notes
may Ire sent TO the treasurer under the CON
tract Of the treasury department with the
Adams Express Company, and under the
same regulations as are prescribed for the
forwarding OF the notes and currency of the |
United States for redemption. The ex-
pensss of transportation will be paid by the |
department. which will hereafter be reim-
bursed for such expenses. If any bank
shall prefer il may forward the required
amount nv It's draft on New York, Boston
or Philadelphia. drawn to the order of the
treasurer OF the United States and PAYABLE
IN United States notes. If so drawn and
PAID IN sueh notes credit will be given 10
the bank when collected. If payment il
moi made ia United States notes. the draft
viii be returDaDia TO The bank, and doposit
of such notes required to be- made by ex-
press. Aekno Judgment viii be made to |
each bank for it, deposit when completed by
remittance 20 IL of certificate in proper
form
GRAIN SUPPLY.
According to the Produce Exchange
Weekly thew isible supply of grain, includ-
ing the stocks in grauAry at the nrinc fnal