The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-12-29
FINANCE AND BUSINESS.
GENERAL MARKET REVIEW.
TRADE PROSPECTS IN GREAT BRITAIN

TRADE PROSPECTS IN GREAT BRITAIN
Tho New York Bulletin has the following
comments: British trade. generally speak
ing, continues about as quiet as our own
but also like our own, its prospects for the
incoming year are far from discouraging
The brief abstract OF the Board of Trade re-
turns in detail for November, in yesterdays
Bulletin. in this respect is satisfactory. The
Manchester markets, at last mail dates 18Th
has been unfavorsbly influenced by the adj
vance in the bank rate. Purchases bot
for the export and home trade, were on a
very limited scale, but as the bank along by
Che 18th had worked into an easier position,
a corresponding improvement IN those
branches of trade may be assumed. AT Belfast
there was a decided improvement in
the linen trade, with free purchases
on American account. Inc out
look for the iron interests after the
new year is considered very nope
ful one. Some OF the Sheffield authorities
90 so far as to predict not only revival,
but "great revival. Prices are already on
the advance. A quantity that was sold by
auction there on the 9th realized July 2O=.
per ton more than most merchants and
manufacturers anticipated. Norwegian
and Swedish iron of next years make, to be
delivered az Sheffield next summer, Is also
being quoted at fully e.. q ton
dearer than it could be obtained a
few months since. The situation as
regards the steel industries, however, is less
cheerful. The inquiry is very much below
the average Almost all the railway branches
are inactive, ana so small is the trade, in
fact, that the men in some of the mills are
only employed three days week. The COM
petition with Belgium in this branch OF
business-of which there has lately been so
much complains-would thus seem to be
making Itself felt, 1t is a significant clrcum-
stance, however, that all the srmOr plate
mills are fully employed; and, what is true
of England in this particular, il may DO
added, is true also OF the leading continental
countries.
TIE WEATHER AND THE LUMBER TRADE.
The Milwaukee Journal of Commerce of
the 10th says the lack of snow all through
the Northwest this season is generally noted
as a Every unusual circumstance" It's Of
feet on the lumber trade, we arc told, is,cer-
tain TO be beneficial. We quote:
Last year there was snow enough in the
Wisconsin pineries TO admit OF the easy
running of teams six weeks previous to this
date. This present season there has not
been, as yet, an opportunity Tor teams TO go
into the woods at all. The same report
comes To US from Michigan and other lum-
bering localities. This loss OF time can not
possibly be made up. even under the most
favorable combination circumstances dur
ing the rest of the season.
MILWAUKEE WHEAT MARKET.
The Journal of Commerce says: "The
Milwaukee market is just now purely spec
ulatiVe II Is believed to be controlled by
the "bear" interest. 1t is only kept up by
the .'bull'' movement In Chicago. The New
York market is so much below this that
there is virtually no shipping demand.
While there is some reason that wheat has
reached the point at which capital is willing
to take hold of il as an investment, il must
be borne in mind thas this point is deter
mined largely by the volume of receipts.
patches as we 90 to press are favorable for a
rise and have perceptibly strengthened the
tone of this market, we counsel farmers to
forward their wheat cautiously for the next
twenty days."