The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-08-26
WEEKLY BUSINESS REVIEW.

EAcKIN1s AND REAL NEEDS OF THE WEST
A careful showing by tbs New York Bull
Istin Of the geographical aspect Of bank
ing leads even that paper, at the center of
money manipulation, to admit the wants
CT the West for more currency The Bull
letin SAVE: Awaiting ourselves OF the latest
retutps OF the comptroller OF the currency,
we nave complied an abstract showing the
su-eunts OF national bank capital, circala-
ton. deposits and loans in the several terri
torisl divisions of the country on the 30th
Of June last. adding the comparative
figures for the same items on the ytn OF
June, 1870, which we herewith present:
WV ENGLAND STATES.
June 80, rs. June 9, 20.
capital stock. SSS SlSSOiSS a inc ~. 20
Individual dep'ts lI9I57y520 Ss,5s9,OS4 Inc. 3i55
Loans discots. 262,l67,lSs l5l,SO4'oSi lnc.'2.o'
mDDLE'sTATEs.
,.o,,., s,,c, 1g ss y a. Sae So Inc. 50
Notes outstanding III S452S l22 4SS,lS9 Dec. S.l3
Loans tiisco'ts. 4502669i4 S7S,si4.9H Inc. 2I.H
SOUTHERN STATES.
June 80, 75. June 9, 20.
c1apital stock ss4,5O6,lOO sI5,lA.2oO Inc. II, II
i%diyidnsl debts SstsSS iS,Sli4S2 Inc. 7s6
Loans &discounts As, 1903 2S,lS6,S54 Inc. l7T7
WESTERN AND PACIFIC STATES AND TERRI
TORIES.
June so, rs. June 9, 20.
capital stock sllOsOs.S82 S7I,4S6,0OO Inc. 5iS0
Notes outsg.-- 73,46l,7SO 52,00e,i5i Inc. Ills
individual debts I4ssese6s s9,S6s,5S Inc 6962
1t will be remembered that the demand |
FOR increased banking and currency accom- |
mediation has come chiefly from the West |
ern and Southern sections, while the Mlddle /
and Eastern states have shown either lndif- /
ference or hostility to the movement. The /
facts expressed IN the above table suggest an |
explanation OF this difference OF sentiment.
The West and the South have at least been /
consistent with the spirit OF their demand; /
for il is in those sections that the chief ex-
paDsion of banking has occurred, showing |
tuat the desire for a relaxation OF banking |
restrictions arose from felt necessity. In /
WESTERN PACIFIC STATES.
and territories the increase Of banking faeili
ties has been most marked. The capital
has increased $50 500, 900, or $3.50
per cent, andthe circulation 81 AGO..
900. or 4l.13 per cent; which
shows couclusiveIy that in that sec
ton there has been a real want behind the
urgent demand for an increase of the circu-
lating medium. The increase of sos, 7OO, 900
IN the loans and discounts and of $50, Zoo, 900
in the deposits shows that the increased
banking facilities provided in this part of the
country has not at all exceeded the require
ments of the community but has rather
in banking capital has been at the rate Of
a so per cent, the growth in the loans has
been in the ratio OF 81 per cent. This ex-
pansion in Western banking is an evidence
Of the remarkable growth OF business In that
section; growth arising not merely nom
she DEVELOPMENT of agriculture, but also
from progress in manufactures and from the
increasing concentration of the distribution
Of merchandise at the trade centres, at the
expense of Eastern cities.
REVIEW OF THE HOME MARKET.
WEDNESDAY EVENING, Aug. IS.
Asa general statement, the business OF the last {
week has been rather hopeful for a good season.
The first three days of the present week have not
been as favorable to the dry goods trade as last
week For some reason buyers are very shy and
cause of the slow buying is that among many
Of even the old merchants of the country, there
= a shakineSs OF credit that does not permit 8
them to buy very freely. There are a good many :
Failures yet impending this class, il is TO be
N srket this week: The Western and South
western trade have operated rather more freely |
in both staple and fancy fabrics, while the gem
ersI outlook for healthy fall trade has become
more encouraging. In
THE GROCERY TRADE i
has, on the whole, been the most active of any !
large trade, yet that has been somewhat irreg-
ular and spasmodic. Prices have remained reg
ular ana firm. Conees have been steadily firm, ,
fuly 20 in the eastern market. Though it is .
hard TO make any advance in this market, stiil {
Il must be done and quotations are put &c I
higher.
THE GRAIN MARKET
has been rather steady New wheat and oats
have appeared by sample, and the effect is not (
encouraging. AS a result, grain, from the south
ern and northwestern states, finds representa- ;
ratives on the board availing themselves of the
demand for good article. Flour has been really
somewhat active, but weak in the uncertainty
which still beciouds the wheat trade Corn has .
maintained general nrmness, with very little :
iuctuatisR, included within o. and I0cents Tor
the week.
have been very quiet, rather weak, and at times Q
declining. Still, holders have conceded very I
little, and prices nave not admitted OF much
change i'm quotations:
Produce has been dull and in over supply as I
a general thing. Eggs. poultry and butter dull,
2 nd All OF really unmarketable quality: Eggs are
carefully tested with the candle. Butter bad and
and the young poultry Is not y
half grown. The eastern market is unfavorable =,
10 shippers. The markets on change were to-day
very steady. Chlcaso wheat running along from ,
SiIF4 to sl.l4. Sales were reported0f
wheat sam pie Is a
I car Orsn----f----. IL 70 g
car new 10 a
ears Old Whe1t...... IS :
, rejected IS u
Quotations are givenior the buying prices OF =
rain and produce, and the selling pricas for
Jour and other merchandize.I
DRUGs-Demand for fall goods fairly active
AEsafcetids IL quoted 25gSOc; aIco- n
Inn