The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-01-20
FINANCE AND BUSINESS
GENERAL MARKET REVIEW.

MONEY NOTES.
The Cincinnati Enquirer reports more
activity in money circles, and on the whole
gain in deposits, notwithstanding heavy
local checking. Depositors are supplied at
8 to 10 per cent. and 10 per cent. was the
leading rate in the open market. In Chicago
the Tribune finds that the country demand
for currency has fallen off during the last
few DAYS, but the drain of the shipments to
New York last week have made currency
scarce.
PRODUCE SUMMARY.
Says the Tribune: The Chicago produce
markets exhibited general decline on Sat-
urday, except in provisions, though grain
was frmer toward The close, and a fair sg-
gregate in business was transacted. Mess
PORK was active and shade firmer, closing
at S14 I5a14 20 cash, and SI4 20a14 % seller
February. Lard was moderately active and
advanced 5a1Oc per 100 pounds, closing at
IS S0aS IS cash, and IS 90aS 90 seller Febru-
airy. Meats were active and &c per pound
higher at 51zc for shoulders, 71za73Sc for
short ribs, 71za75sc for short clear, and 91za
loo for sweet picked hams. Dress
ed hogs were active and firmer, closing
al 81 Z5a6 IS per 2O0 pounds. Highwines
were dull and 1c lower, at 96c per gallon.
Flour was quiet and weak. Wheat was less
active and easier. closing at 81 % cash, and
81 24l4 seller February. Corn was more ac
tive, and 1Ac lower, closing steady at soc
cash, and 563Sc seller February. Oats were
more active, and 1ls5sc lower, closing firm
at 40Nc cash, and 1850 seller February. Rye
was active and &c lower, but closed firm at
nc for regular No. 2. Barley was dull and
easier, at 81 Goal q for No. 3. Live hogs
were moderately active and firmer, with
sales at IA 65a5 40.
BOSTON TRADE WITH AFRICA.
As matter of information the following
statement Of the Boston Commercial Bull
letin is of considerable interest: Boston
controls a larger part of the African
trade than any city in the country. and
there is probably not pors in Europe which
is more largely engaged in the business.
Our supremacy dates Iar back in the last
century, when many Bostonians embarked
their money in the slave trade. There are
one ortwo establishments in Salem still in
the business. Every two or three weeks a
vessel hauls up at our wharves from Mon
rovia, Sierra Leone, Acca, Gorree,
Jellah, Coffee, or other port on the
west coast OF Africa. with palm oil,
gun copal, ivory, camwood, hides
and other products. The value of
palm oil more than equals that of all the
other imports. Occasionally little coffee is
brought, and years ago considerable guam
titles of African peanuts. The return car
60 consists of "rum, tobacco, tracts and
missionaries. The trade with the Cape of
Good Hope, which is OF different character
from what is known as African trade, has
sprung up recently, and is largely on the in
crease. Palm oil, wool, ebony, glue stock,
sugar. and several minor articles make up
the imports. The exports of the Cape are in
agriculture tools, paraffine oil, lard oil,
rosin, tar, nails, chairs, fish, slaves, lumber
and glassware. For the year ending 1873 the
total value of Boston's exports to al parts
OF Africa footed up 81 .l27 ,459.