The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-11-24
FINANCE AND BUSINESS.
WEEKLY REVIEW OF THE HOME
MARKET.
TRADE PALACE.
. TUESDAY EvE-SING, November %.
FINANCE.

Locally there is not much which is new that can
be said this week. The banks report currency
scarcer, If anything, thaa last week, and they
are still importing 1T By express to a limited
extent. Exchange is still heavy, at par to one
tenth. Discount stiI ranges between and Il
per cent, for gilt-edgepaper; nothing else stands
the ghost of q chance of negotiation. Manager
Elliott, OF the Clearing House Association, re-
ports transactions aggregating about 81, 100000
during the week ending tonight. which is a
ereditable showing as times go. Merchants re-
port collections trihe easier to make than dur
ing the previous week, which is considered
favora BILE symptom. Money is no more plenty,
of course, but the pOrk-paoking interests, with
grain movements, assisting to a certain ex-
tent in giving currency wider circulation than
heretofore.
BUSINESS.
There is essential change in trade at this
point as compared wi b last week. Business is
quiet and there is nothing CT special importance
transporting The feeling Is generally one of
satisfaction. Dealers seem content to await the
issues of the approaching new year. The usual
holiday trade Will soon begin to assume sctiv
ity.s Retail dealers are preparing to stock up
freely in order that they may be thoroughly
prepared when the rush comes. In keeping the
retailers suppl ed the jObbeFs viii have sufficient
10 keep them moving without any degree Of ac-
tivity. Prices uniformly low to the retailer.
but how FAR the consumer will be benefited we
are not prepared to state.
DRY GoeDs.-Trade during the period covered
by our review has been very good, considering
the season. The approaching holidays have al.
ready made Improvement. Orders from
the country are coming In more freely, and
sales are satisfactory. Most ofthe jobbng houses
are sending ont their usual allotment of sales
men, who at this season Of the ear send in a
considerable number Of orders, which, on the
summing uE, will make q decided improvement
in the genesal aggregate sales. Jobbers are re-
ducing stocks preparatory tosthe usual yearly
inventory the first of the year.
GROCERIEs,scTAPLE.-Th last week has been
characterized by the usual steadiness of the sea-
son. Few fluctuations in prices have been re-
ported. Coffees had been for some DAVIS de-
pressed. until Saturday, when they advanced
Acin the East-end are to day hrraer. Concern
ing the coffee cop the New York Bulletin saws:
ave can speak for the coffee trade IN the limited
states as being AT present, as it has been for
some time, very dull with the supply OF Brazil
materially large than at this trle last wear.
the stock OF other kinds ample, and the m Of
on thewhole, Enthusiastically depressed More
over there is a considerable supply OF Brazil in
transit Tor American ports. AcOordin0 10 re-
ports received up TO the beginning OF the week,
there were l57 OOOGags in first hands IN our mar
kets. II rs OF course affords NO positive indica-
be; but IS there wauld seem 70 be Scme faIIin9
OF in consumption here in the United States
the stock on hand II likely TO prove ample for
some Tins especially Ii the present dulIness In
trade continues. The sales thus far Ll,fs wear to
the interior merchants have been smaller than
i'm 1874, and TO this .stagnation in the iobbino
trade ~ attributed the existing slsckness In de-
merely nominal pOsuiOp."
GHOCERIEf, FAECY.-Jobbers are .exertine
themselves at present5n filling their stores and
warehouses syith goods for the holiday season
Anticipating lively tEcde they are preparing
large stocks, which are.ofered at figures con-
siderably below those of last year. During the
week they have been fairly active. With few and
unimportant changes Of. prices.
Hoes AND PA CKING Perhaps the most satis-
factory mode OF reviewing this important trade
SUBJECTS to reproduce the following summing
up by the Chicago Commercial Bulletin which
applies. as well 70 this city as that: "Packing
has progressed very favorably at this point dur
ing the week just-closed-thst is considering the
fair receipts of hogs. Prices OF hogs have been
maintained too high to warrant packers in ru1-
rent for the product are not satisfactoryy 10 sba
manufacturers or shippers. The quality OF tbe
hogs 30 far has been good-better than at this
shippers and packers. The feeding of new corn.
however, appears 10 make the meat less solid
than usual, and the shrinkage is greater thar
last year, and the yie.d of lard proportionately
less. Packers are cons ming their manufacture
and prices are .proport.onately better than for
barrtled product. At Cincinnati, packing is
ing MISUNDERSTANDING their operations to
f1iling previously m ade contracts, and Supply
ing the order demand from the South. AT lou
isvi lie, four er five houses are engaged, but the
aggregate slaughter il higher than at
this time last year. st ST. LOUIS, a few
more houses have bPen opeled and the busip ess
has increased somewhat The demand for
meats in a small way has icdueed more active
operations. At Milwaukee business is fairly ac-
tive, as packers made quite a number of con-
tracts early in the season for product TO be de-
iyered during this month and next. At In
dfanabOls business is moderately active, but the
bulk of the manufacture is &c fined 10 filling
direct foreign ORDERS At other points In the
than us9sl at this season of The year. Packers
are Generosity unwilling to pay current prices for
DISPOSE V Sf their DSoduct-such as packsss at
the large ctiies have-and they are not disposed
to carry The product forward At a number of
after6 eg1nning OF next month, and at 9TH
ers. where slaughtering has commenced, the
numbey yer orfed is fewer than at this time last
yesr. There appears to be no doubt now that
the month OF November will show a decided de-
crease in rhe yTrega.e packing OF the West az
the hogs Etll genera Iy show an Improve
ment."
PRovIs oNs.-- BY reason of the absence OF
stocks. comparztiv ely little has been done in
this market this we elk. Prices of products are
SO low. compared n itIr those paid for hogs, that
dealers c an not oper ate without losing money,
hence they go slow a. I'd abide their time. The
result will pr obably be that hogs win
recede from present rs ures and products ad-
vance somewhat. Thes., changes are antici-
pated within the next ten lays. "A foreign de-
mand for lard has made than community rather
more active during the last two or three days.
Other articles have been generally steady with
not much activity, but decided Improvement
is looked for within few days.