The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-10-27
FINANCE AND BUSINESS.
GENERAL MARKET REVIEW.
GOLD PRODUCT.


GOLD PRODUCT.
The Alta-California OF the sd inst. says:
IT is an undoubted fact that while the ag-
greg ate product of the precious metals in
California and Nevada is perhaps larger than
ever before, yet the production OF gold-its
special minerai-in California is gradually
dimir ishiDg. The figures show that this year
thare will be a decline of nearly $1,000, 900
In the California gold supply, although the
aggregate quantity sent to the mint, includ-
ing that from WaShoe silver brought down
for separation, will be at least as large asever,
The demand for silver at this moment is
SLACK and the price very low, being in the
market 81 per cent. discount. The European
demand il for the moment slack, and that
for India and China is usually least at this
season. The outward movement IS therefore
uncomfortable. But this will doubtless be
teupOrary since there are elements which
point to "A reabsorptiOn OF silver in the worlds
monetary circulation, the more so il our
own government should conclude to be
honest, and return to specie payments
What with the dearness o! quicksilver aud
the low price OF silver bullion, the miners
are between two fires, which cut roughly
into profits. Nevertheless, money was
never bsiOre so plenty in this State as now
Rv money in this sense we do not mean
coin, buJ loanable capital, which has been
put out on long terms o; years at rates no
higher than the New York legal rate. show
ing not only abundance capital, but a
very slack demand for its use in reprOduc-
tive enterprises.
PROSPECTS FOB CORN AND HOGS
The New York Bulletin, Oct ., SAYS:
Reports from PA points in Illinois, Kansas,
Nebraska, Iowa, Missouri, Ohio and Indi-
ana, the great corn aud hog producing
States, seem to confirm opinions pre-
viously published indicating de-
crease In hogs and a fair crop OF corn.
In the msjoriiy of instances the num-
Der of hogs reported is considerably less
than at this time last year, as confirmed by
the official reports of the several State audi
TORS. There Is but little doubt as to there be-
ing fewer hogs in the country than at this
time last season. In almost all sections OF
the country hogs are reported in poor con-
dition, owing to the scarcity of old corn. In
Canada, it is also said there will be a slight
falling of in the number.
The corn crop, according to latest esti-
mates, will be tair one, but as there is very
little Of last years corn now on hand, and as
the market price is fully 100 per cent higher
than in 1S73, it seems probable that the farm
ers will sell their hogs early in the season. i'm
order TO realize better value for their corn
Last gear he price Of hess at Chicago ranged
from So so to 81 on the ist of November t.
81 62H to s. IS at the close of February. and
the result was a safe price for product.
at which shippers early, and speculatorS
later, took hold free. This wear how
ever, we shall doubtless commence nsckire,
at much higher rates, and as the country iS
bare OF stock, the new crop will doubtless be
largely drawn upon to supply the immedi
ate necessities of trade, both home and
foreign. Summer curing has been more en-
tensively carried on this seoso,,
than ever before, and especially in
the West, and the proouet has
generally given much better satisfaction
Nhow. ytrrfa Cf-
scarcity Of winter meats, the Southern trade
has taken the ice cured to a larger extern
than usual, while there has also been a LARGO
amount OF old and damaged bacon re-
shipped from Liverpool and sent
South, which has completely ciaared
both Europe and America of old I'e cron
Long clear was at first the only cnt
inquired for, but of late Staffordshire Cum
berlands and Stretfords have been in DO.
mand. This shows eonclusigely thai the
number OF hogs cut during the summer has
been greater than last year, and that tho
balance lett since the returns of the oovarno
nlent statistical bureaus report was made
up IS less in proportion than for last wear or
for former years.
NEW YORK WOOL ASPECTS
The Bulletin offers these views: With
buyers still moving in a slow. cautious ard
to some extent lndifferenb Inanner 80
taking only tine usual few bales. or few
thousand pound invoices which thew tnov,
they can work up to early ADVANTAGE the
market lacks quick, encouraging tone
throughout, while in many cases there bos
been actual weakness shown. Here aDd
there orders have been received to sell on,
Larcels held tor some time aWaitinC !
rise, but which are commencing to accnmu.
late expenses end interest too rapidly ~
warrant further delay, anal of course under
these circumstances shading of price was
necessary in order to secure custorners
Again. great many small accommodations
have been pulled TO pieces by odd sales dur.
ing the fall, and what remains owners Are
nos unwilling TO grant iavors upon if any
one will take the stock off their hands
Fine fieeces, too, have also been available
lower, and taken altogether, the ex.
listing advantage, though not very
great, has been mainly in BUYERS favor.
That some holders have not conceded frac
ton from the full figures named on tbei,
goods il is true, but it is also true that TIM,
far they have made only few exceptional
sales, and are carrying stocks nearly as thew
LAID them IN at the commencement of ths
season, awaiting the time when buyers viii
be forced to meet them That tint
timo may come before spring sets in i
thought 10 he among the strong probabili
ties, even by many dealers who now taxi
weak, but Just at present the inquiry is for
small and cheap lots.
THE COAL TRADE EAST.
The Pottsville Miner October o. savs
The quantity sent for the last week by rail
was l3O, lS4 tons; by canal, 22,527-for the
week. l52.71l tons against III O56 for the oor