The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-03-03
FINANCE AND BUSINESS.
GENERAL MARKET REVIEW.
MONEY NOTES.

Says the Chicago Tribune: The stagna-
ton in financial affairs and in many branches
of trade becomes more apparent from week
to week This may be accounted for to some
extent by the fact that this is one of the dull
periods of the year. The latter part of Feb
ruary is always a sort of hiatus between the
winter and spring trade. There is usually
decrease in the marketing of crops and in the
sale of goods at this time. But, aside from
these usual features, there is at present
notable lack of confidence on the part of
capitalists in any long investment. Money
is superintendent for snort investments, but
it is all hand to mouth sort of business.
Everybody seems to be waiting, and the
general remark of capitalists is that they
would prefer to know what congress is go
ing TO do about the currency before they
make long engagements of any kind. This
hesitancy may have, in fact, but little ground
in reason. Congress is at least pretty sure
not to authorize any contraction of the cur
rency, and the prospect of initiation by the
issue of more greenbacks is becoming less
every day.
On Saturday evening the Cincinnati En-
quirer SAYS: There was more animation in
monetary circles, it being the close of the
week when increased activity is generally
experienced. Local checking was brisk, and
there was an increase in deposits, though the
banks generally reported a reduction in bal
ances. There was a fair demand for loans
but the regular discount houses found am
pie employment for their means in meeting
the claims of depositors or those to whom
they were under obligations, and outside
parties met with little encouragement at
these institutions.
REGENERATION.
The United States Economist says that the
Indebtedness of Messrs. III. b. Clafln & Co..
which, at the date of their suspension,
amounted, in round numbers, to 81, 900 900,
and which was extended, in eight equal pay
ments. from January l, 1874, has been so far
anticipated that but scarcely $4,000,000 are
now outstanding. So much accomplished in
the very short space of six weeks from the
beginning of the maturity of the payments,
is not only most assuring evidence of the
ability of the house to rapidly discharge its
liabilities, but it is most cheering exhibit
that the financial condition of the dry
goods trade throughout the country
is in far more prosperous condition, and on
much safer basis than it was thought to be
when the panic was at its height, or than
many croakers now believe it to be. This
rapid anticipation ofindebtedness by Messrs.
III. IL. Claffiin N Co. Is also striking evil
dence OF that recuperative prowess Ia leading
American characteristic which our mercan-
tile minds possess, and when Influenced by
a widely recognized character of mo dest
worth, AZ il this instance, but feebly por-
trays THAT Oh WHICH III Is cOInp6LonL, out also
by its acts (payments) disarms all suspicion.
COFFEE BY METR1cAL WEIGHT.
Kern, Hayn 81 Co.'s Rio circular announ-
ces: "The conversion to the metrical sys-
tenn having taken place, coffee will in the
future not be sold per arrobs, but per kilo,
and it has been agreed upon to fix the price
of all purchases for ten kilos; all quotations,
therefore, henceferth stated in our report,
and all prices named by us are meant to be
per ten kilos. A great part of the present
stock already consists of bags of sixty kilos
and in the course of some months we shall
no doubt have no bags of five arrobas; all
figures of bags, therefore, henceforth named
in our report, as sales, stocks, receipts. etc.
are meant to be bags of sixty kilos. The
dealers, although at a former period they
agreed to change only six hundred
reis, have now decided 10 charge 700 refs per
bag of 60 kilos, same price as hitherto per
bag of five arrobas. The brokers will also
continue to charge so reis brokerage per vol
ume. say so reis per bag of go kilos, instead
Of as hitherto 90 refs per bag of five arrobas,
but it must be remembered that even at this
higher charge the brokerage will, with the
present high prices, remain below what is
fixed by the law, say one-eighth per cent.
The capatazias will be so reis per bag of go
kilos instead OF, as hitherto, 100 reis per bag
Of five arrobas. The shipping expenses it
has likewise been decided by all exporters to
charge the same as hitherto. as well per bag
Of 60 kilos as per bag Of five arrobas, seeing
that the principal item, the carriage, will re-
main the same per bag of 60 kilos as it was
hitherto per bag of five arrobas.
GENERAL MARKET REVIEW,
WEEKLY REVIEW OF THE INDIANAPOLIS
WHOLESALE MARKETS..
MONDAY EVENING, March 2.
Among business men there vas O faaliro,