The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-04-28

on their own account to their profit, and the
great advantage of the trade of this city.
H. DRY GOODS.
The Financial Chronicle reports for New
York, under date of April "a: Trade contin-
ues dull despite the steady progress of the
season, and the fact that summer is close
upon us. The weather, it is true, has been
unreasonable. but there is no doubt that the
dullness of the retail trade, or at least the
bsckwardness Of that branch, is due TO other
causes than the late spring. The aggregate
retail distribution is far below that of the
| average spring season, and however
brisk the late trade may be, there is
very little probability of enough bust
ness being done to compensate
| for the less of trade thus far. Now that
there is more settled feeling in regard to
the currency question, the trade will, per-
haps, operate with more confidence, but
| values are so far unsettled as to prevent
buyers from making extensive purchases be-
yond their actual wants. While raw cotton
continues strong, there is an uneasy feeling
| in the market for goods, and prices are ir
| regular on many prominent lines. The
! future course of the market seems, just now,
to be wrapt in doubt. and there are
merchants in the trade who favor
the opinion that there will be an
| advance, if any change is made in
| that declineis inevitable. For the next
| two months there is not likely to be much
| regularity in prices, they being subject to
| fluctuations either way, as the market Is af
| fected by the relative positions of supply
aud demand With the opening of the fall
trade, however, it is fair TO look for firm,
| if not an improving market. since the out
| look is favorable for a range of values on the
raw material relatively above the present
price of goods At the same time II is not
safe to predict the future OF values since so
much depends upon the condition of the
general trade at the opening of the fall
season.
TOBACCO IN MASSACHUSETTS.
| The Greenfield Mass. Gazette Is doubt
full about the policy of farming for the mean
est weed that grows: The experience of the
shown that it is not an industry upon which
we can safely depend. The few years of pro-
fitable cultivation of the weed following the
war, induced nearly every farmer upon
whose land it could be grown to engage in
its culture. The expectation of large reward
when the annual crop should be sold, caused
many a man to give up his old maxim OF
''pay as you CO." and purchase upon credit
not only the necessaries of the family,
but many luxuries which he would not
have thought of INDUCING in under the
old regime. Notes were given at the
given exorbitant rates of interest tor their
advancemepts, and mortgage upon mort
gage has been piled upon many of these good
farms, their stock and tools. A succession
of inferior crops has come, with grand de-
probation in the value of that which has
been kept ON hand with the hope of N adj
vance. The result is that a majority of our
tobacco farmers are, as they themselves ex-
press it, "hard up" Notes that have been
again and again renewed cannot be met.
The merchant who sold to them supplies
with the promise of payment when the to-
bacco was disposed of, is loudly demanding
his due. The mortgage threatens a fore
closure fthe conditions of the bond are not
fulfilled, and bankruptcy and financial dis
honor is staring many a Door man square in
the face. 'i
JAPAN COMMERCE.
The Treasury Statistical Bureau has re-
ceiyed copies of the first published report
ever made in japan on commerce and navi-
CATION. The va, ues are given in terms of the
yold ven. which is the unit of account
adopted for the purposes OF Internal co m
marco seversl wears ay1. The yen differs as
% the Quantity of gold con tained in 1t from
he quantity of gold contained ~ bhe stand
srd gold dollar of the United States py re-
luction OF only three tenths OF one pr cent
The yen contains of fine gold precisely one
yramnne and half and being of nine tenths
ineness, weighs just one-gramme and Two
birds Consequently, a decagramme OF gold
If the ordinary standard of nine-tenths fine
ness is equivalent in value exactly 10 SIX
yens. 1t appears that the deelarad vsina of
he total imports into japan in 1873 was Co.
l0O, 900 yens, or dollars, and the declared
1alue of the exports, 81, 100000 yens, or dol
airs. The total amount of duties collected,
including for exports, imports, rent of ware
house, entrance and clearance fees, fines and
and miscellaneous, 1,735 900 yens,
t3 BOGUS BUTTER.
ACTION OF THE NEW YORK BUTTER AND
CHEESE EXCHANGE.
The New York Commercial Review pub
ishes long report from a subcommittee
business. A part of the report and the reso-
utions adopted are appended: The make of
he new crop of butter has now commenced, '
md the agitation of the question of the use
If tallow as an ingredient of butter, or with !
my percentage of milk or cream, rendering
{ still more deceptive and dangerous, might !
cad to its mixture with the pure article:
md this cannot be done to the slightest de- d
yree without probably being extended to |
that would be ruinous to the .
larry men, especially Oh NE western states, I
md the least attempt to adulterate butter Z
With any foreign substance whatever would 5
asst a suspicion upon tn, quality of the {
whole production, and imm,asurably iniure !
he marketing of it, particularly for export :
md Just at that jnnctare of he trade when
his staple, at the most remulerative prices {
,ver knewn to the producer, is becoming q
more and more an article OF export not suly 7
TO Europe, but to South America and tee \
West Indies, formerly supplied foreign II
countries.
In view of these facts your, spo-committee
the adoption VI Inc ioho"ins
preamble and resolutions /,
wbareas Tho attention of the merchants of
H. Ps-ttsr aud Cheese Exchange, of New York,
nos heaa urgently called to the manufacture and
thS traffic IN artificial butter, and upon investi
cation by a committee appointed by the Ex-
change for that purpose, 1t appears that during
The past year there has been manufactured and
sold TO a considerable extent an article called II
made from suet or tallow, and I