The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-06-02

will now be sucn tnat tTauo INST improve
for The surplus stock IL generallyyo ked on.
There is some surplus in the handAof manu-
facturers of many kinds OF goods, but pro-
duction has been curtailed, and doubtless
will be until the demand warrants full
resumption at remunerative prices Money
has become so plenty, and rates Oh interest
have fallen so low. that business men BEL
more confidence that they can employ IL 70
advantage, especially as they can obtain IL o.
longartime. Congress will adjourn in about
three weeks, " hen their power Tor miscnleI
on the currency question will be over, ana as
it seems to be settled that there will be no
legislation which will help matters at all, 1t
is to be hoped that there will be none what
ever. If the president will appoint man OF
sound views and practical experience in h
nancial matters for secretary of the treasury,
he will do more to promote the business IN
terests Of the country than congress Is nkeiy
to do, because such man could so shape the
monetary matters of the government, even
under existing laws, as to inspire coincidence,
which is more needed now than anything
else. We can scarcely expect much activity
in trade until next autumn, but gradual
improvement seems probable.
BALTIMORE COFFEE MARKET.
The Baltimore Sun reports for the week
ending May 2S-Our market has been dull
and nominal, though at close there was
more inquiry. Within the week some $500
bags Rio in iobbing lots were sold at 1870
pc; on Thursday 5000 bags ex-Johann
Brodersen on private terms; at auction in
New York, 5,4S4 bags Rio, cargo of ID. G.
Chapmaa, sold entire at 17Cd201Sc. Late
Rio telegram here annexed has had no eff
feet upon the market. We revise cur quo
tations as follows: For Rio cargoes ordi-
Is3{c prime, l95la20c; gold, 60 days; jobbing
lots ordinary l7al74c; fair, 18alS1c; good,
l9aloI{c; prime. 201Ia2O%c; fancy, 2114a
q &c; gold. 90 days. Stock to-day in first,
hands, 2O,l73 bags; at New York, l05,371
bags; at Hampton Roads. 5000 bags; at Ca |
weston, /, 500 bags: at Boston, 6,371 bags; o. |
tai on the sea board in hands of importers, 13,-
OF bags; same time last year, 1861 bgs.
WOOL PROSPECT.
The New York Bulletin reports: There
has been a fair trade the past threedays. |
when the scarcity OF the stock oftfing is
taken into consideration. The gensfal feel
ing appears to be pretty strong although
prices can scarcely be called quotibly high
er. There have been of late sDme heavy
auction sales of wooden good, and prices
received show where the b'ttom rests
Dealers now look forward to an improved
demand for goods, though it y not Thought
prices will be any higher. pxas and Cali
fornia wool are arriving pore freely, and
some sales of these have been effected in
small lots at 33a36c for TeHas clothing, and
34a4Sc for spring club we do not
hear OF any important movement in
carpet woods during the past week:
Australian and Cape woods have ruled
very quiet. Sales the past three days in
clude 1000 lbs lambs WOOL at 23}2c, 1000 lbs
secured California at Csc, 1900 lbs coarse
Texas at l9622c, 800 lbs fine do at SIC, 2 900
lbs do at Soc, 600 ltF do at BIC $4,000 coarse
noils at 2Sc, 20 balesspring California at SAC,
40 bales new do doat 3OCg36c, 5000 lbs i'm
proved Western 1exas at 221lc, 10000 lbs
fall California at 9G2413c. 5000 lbs medium
at &c and 600 lbs MOntevideo
at 351Sc; also 5000 lbs secured California,
81 900 lbs Texas s. 900 lbs secured Australian,
10000 lbs California pulled, 5000 lbs spring
California 500 lbs secured Texas, and
II, 900 lbs Ausralian-all on private terms.
Stw YORK DRY GOODS.
The Journal of Commerce says the mar
ket has exhibited but little show of
business, although there has been a mod
crate traffic in progress in most of the diff
ferent departments. From first hands the
sales have been chiefly made in small lots of
such goods as were required for immediate
trade: the jobbers have had a steady de-
nsnd for small assorted stocks either by .
PERSONAL application or by orders from IN
erior dealers, and their aggregate distri-
,utlous have heen to about the usual
mount of corresponding periods OK previ-
'us seasons. The spring business up 70 THIS
late has been of the most wholesome char
cter, and the indications aTe looked
lpon as favorable to satisfac-
DRY results, Notwithstanding the habithal
Of many of the slackness of
rade. There is an apparent undertone of
trength in the market in reference to future .
'alues of both cotton and wooden fabrics
'ased upon the present and prospective prices
4 the raw staples, and there is also p
rowing confidence among manufacturers
hat any change In rates of standard goods
f either description preparatory to the
utumn traffic will be to higher figures. There
) consequently a positive indispostion on |
ession from current quotations. The four
usrter Lonsdale cambria muslin has been
marked down two cents per yard; otherwise
rices have been steadily maintained.
THE ENGLISH IRON TRADE.
A letter from Birmingham, under date of
he 10th, says "The trade continues in the
depressed and disorganized state which has
low characterized ii for the last two months {
IT more. Business is almost at standstill,
md it is not easy to see what or how ,
change is to be brought about until prices
III around are very considerably reduced.
This will imply, OF course, "a further reduction
n coal, which will necessitate fresh reduc.
ion of wages over and above that which the
masters are at present contending for, and in I
III probability a new and prolonged strug.
lie between coalmasters and their
The general opinion of
ron masters seems to be that all these diff
ulties would be removed IL eolliery pro-
,rietors would frankly adopt the proposal of
he miners and appoint gentleman as arbi- .
rator, as is now done in the iron trade, or
wen board of Cancellation might prove
The masters. however, appear to
,e so confident of their own strength that {
hey absolutely refuse to assent to any
Pleasures that may seem TO SAVIOUR of a COM
and there is therefore no alternative
,ut for those interested in the iron trade to
wait the issue of the coal struggle with