The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-10-28
WEEKLY BUSINESS REVIEW.

MONEY hAAAHn9s
There seems to be a prevailing belief that
the hard times which have borne down Tor
two wears are soon to let up. The tone OF
the press and people is encouraging nut
really. the tangible foundation for such sen.
timents Is not so plain to be seem While
monav lies inactive and enterprise waits, a
condition of general prosperity is not to be
exDected The failures in New York City,
as stated in a recent mercantile CIRCULAR, Ior
the past nine months number 646, With IL
abilities amounting to S3l 100000. Referring
tn the same number of months In previous
wears. the failures in 1874 were 48S, with
liabilities of S24 900 600. Taking the average
of the nine months in four years, the result
ia 46O failures, with average ilabili les OF
ss5 600 600. In all the states and territories
of the United States, there were 334 fail
ures, with aggregate liabilities OF Sl3l Ill.,
5O3. The greatest number in any state was
in Massachusetts; viz, 2Z7.
THE GOLD MARKET.
Speaking of the decline In gold. the New
York Bulletin of October q says: II there
could be assurance that the market would
not be again taken hold of by speculstors.
it would be safe to look for falling prem
ium up to the close of the year. barring ex-
trsordiDary events, like war between the
United States and Spain. IL is evident that
the stock of gold here will bs Increased con-
siderably in the early future, but whether
enough to make il impossible for epecula-
tors to control, should they wish to. the mar
ket, is doubtful. On Monday the treasurer
begins the payment of the November
interest The total of this is about $l2 000-
O00 and s., 000, 900 is on registered bonds;
the latter of course belongs TO this country,
but the greater part OF the SS,COO,OOO on
coupon bonds belongs to Europe, and the
coupons representing it, il Is fair to assume,
have mostly bsen secured Dy the syndicate
for settlement ia London for new fves. We
believe that So 600. 600 IS the outside figure
for the gold which will come on this market
this 20 be distributed over several weeks.
Gold is coming here rom San Francisco az
the rate of 81 ,2j0,C00 TO Sl,5OO,OOO per week.
PORK PACKING PROSPECTUS.
So many questions are eagerly asked
about the prospects of the packing season
that the Sentinel has taken soma pains to
ascertain the views of the firms in this city
which are to engage in this business. There
are FIVE leading houses which pack ia this
city, besides some desultOry W rk Of tran
silent character. Kingan IL Co. usually Kill
the year round, but the past summer they
suspended operations for several weeks.
They have been killing for some time past
from !, 400 to 500 daily, the latter figure be-
Ing the rate at this time. OF the winter
year 46 eco, Coffin, Wheat & Fletcher 40 600,
Petit, Holmes & Bradshaw 10000, and Lam
ders & Co. Is 600. None of these firms are
prepared 70 indicate what they expect to do
the coming season. Hogs are now bringing
from So so 10 81, and to-day the feeling WIS
firm and the demand active. Nearly all the
packers agree that they will not venture out
on the present prices unless they are COM
PEELED tOiL. The season proper begins next
Monday, but none of the houses will begin
to kill, and unless prices decline somewhat,
there will be nothing done before Novem Der
10, except by Kingan IL Go. AS 70 the
amount Of business TO be done the coming
season, opinions differ. None can tell what
they will do, as all depends en- prices. Pack
Ing at this point will not depend on the
abundance or scarcity of hogs, for there
always comes to this point more than are
detained. Last year large numbers went TO
Louisville. If prices come down to figures
that will do to venture upon, probably the
business done here will be up to the average
amount. 1t may exceed 1t. OF the
CHICAGO OUTLOOK
the Drover's Journal makes the following
remarks: At the present time hogs are
bringing high prices, and every day there
are quite number, at the present time,
being bought for the purpose of being
packed. All the houses that have been en-
gagged during the past summer in the pack
ing OF hogs are still engaged in the business
Except, perhaps, the Allerton Packing Co. J.
Boisiord & Co. commenced operations few
days ago, and have been cutting 500 or 800
hogs daily. This is one of the regular win
ter houses, and il is merely Insugurating its
winter business in slow way, but all are
paying the high prices now current, and are
packing a considerable number of hogs
every week at say 81 % to rs per 100. VIII
these prices, by insensible degrees, be made
permanent for the first half of the sea-
son? is now the interesting question.
From the best information we have been
able to get, we think the hog crop for the
coming packing season is about 10 to 10 per
cent. short of the last seasons supply, TAX
ing the whole country over, and there are
strong reasons foE believing that the great
bulk Of the hogs will be held back at least q
month later than last season. This will
operate to make heavier and better hogs
than we had last sesson, and We think It
altogether probable that the hog crop OF the
coming season will weigh many pounds
as the last seasons crop did. As the supply
Is likely To be moderate during tbs first half
of the coming season, we are Inclined to
think thst strong prices must prevail, until
the holidays ar least, though We expect TO
see considerable decline from the present
range within the coming thirty days, al
though it is claimed that the stock OF old
pork on hand is very light.
REVIEW OF THE HOME MARKET.
WEDNESDAY EVENING. October q.
There was better feeling In corn, which adj
-vanced in Chicago some two cents. Here the
market was 6rmer, the receipts very light. but
prices could not be considered established at any
advance. By hard stretch mixed corn might
be worth SIC, and high mixed SIC. but those
rates were outside.
Wheat " as a lit; e scarce, and good sound ar
ticle would have found a demand. II any change
was discernible IL was for the better SILL there
was little to be said.
Flour is moving quietly, but prices are weak
and inclined TO droop.