The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-06-09
RECIPROCITY TREATY.
Estimated.

RECIPROCITY TREATY.
The Washington correspondent of the
Journal of Commerce says: The committee
of the Produce Exchange, who came over
to speak to the President and secretary OF
state in advocacy of the resolutions of the
Exchange favoring reciprocity with Canada
were quite fortunate in seeing both those
officials, and finding them in excellent
humor 1t is evident from assurances re-
ceiy ed, that the treaty is almost agreed upon
now by the President and secretary of state,
and that the Senate will receive it within
one week. The President is unqualifiedly
in favor of it. He believes that salt and
lumber should be included in it, and will
approve a treaty that ADMITS of
more liberal dealings on both sides
than that of 1854. Mr.. Fish, who has
examined the subject with great care
is not yet clear whether wooden manulac-
lures should be included well as raw
wool, or whether machinery should be put
10 the list Of manufactures. He has striker
out the proposition to put in vessels of the
two countries on the same footing in the
coasting trade, believing That the interests
OF the United States are adverse to it. He
also threw out the proposition of Canada to
admit inventors of either country 20 mutual
rights in patents, because Canada gives a
patent to an inventor without regard to the
fact that the article is patented in another
country. The number of articles TO be adj
United as animals and their products: pro-
ducts of the farm, forest, mine and
water, are materially increased in number
and some manufactures are to be thrown in.
Among those suggested by the Canadians
are defined set of agricultural implements,
extracts OF bark for tanning PURPOSES, bath
bricks for building purposes, hearth acres,
hay, lime, malt, manufactures of iron and
steel, III anu factures of iron or steel and wood
faffn w nd ,
other oils, plaster, raw or calcined, salt,
straw stone, marDie or granite, partly or
wholly cut or wrought. Since there has
appeared probability of the adoption of
this treaty by the administration, strong
opposition has arisen among the protection
lists and opponents OF the old treaty. Judge
Kelley seems determined to make raid on
the administration about it, and has a |
guarded aud adroitiy worded resolution
ready to spring.
NEW YORK DRY GOODS,
The Journal of Commerce. June 9th, says:
The market has exhibited but little anima>
ton, either in the package or price goods
department. The demand for even the most
staple productions from first hands has been
almost entirely restricted to small lots re-
quired for the limited wants of current
trade The iObbers tave been making
N oderate distributions to the interior, al
though the traffic in this connection has
been characterized by the usual quiet of
the season. There seems to be an iDdisposi-
ton on the part of manufacturers to press
sales of cotton fabrics even at present
prices, and buyers appear to be as deter
mined to leave the surplus stock in the
hands ofproducers until the time of prepare
ton for the approaching autumn trade. The
indications arc generally considered by the
most experienced dealers as favorable to the
maintenance of present values of most des-
criptions OF cotton and wooden productions,
and also as encouraging the expectation of
an advance in rates for future business.
The uniform caution exercised by purchasers
in their selections of merchandise during the
spring trade gives promise of an active
traffic through the fall months upon sub
stantial basis. The stock of both cotton and
wooden fabrics of leaping makes has been
held at steady prices. although the aggregate
sales of each have been comparatively
small.