The Indiana State sentinel., 1875-11-11
TRADE PALACE.
f'INANOE AND BUSINESS.
WEEKLY REVIEW OF THE HOME
MARKET.
w.DsEsDAr EVENING. Nov. 10.


WEDNESDAY EVENING. Nov. 10.
DurIng the week ending to-day there has
nothing transpired in this market out of the
usual routine. The blanks are generally
we'll supplied with currency, which may be
obtained for unexceptionsble paper at 10 to
12 per sent. Curbstone operators are coin
ing money out of discounting notes at
ruinOus rates, in most instances. Exchange
has been fairly active at the usual rates.
While upon this subject it may not be
amiss TO quote from the Chicago Inter-
Ocean of Yesterday: "Within the past ten
days there has been elimination in the
tendency of finances in this market. The
country demand for loans and re-discounts
of paper has almost ceased; so also has the
. country demand for currency. The demand
for New York exchange, however, from
every quarter keeps up, end Is now 80 large
that exchange is al premium. After con-
siderable inquiry on the subject we are left
to the conclusion that the use of New York
exchange a sort of currency has greatly
increased in the past year or two. Thus it
is well known that two or three OF the large
IzIercsnIile houses in this city keep their
own regular bank accounts in New York
City, aud whenever they have any bill to
pay In any part OF the United States simply
remit their own checks on their New York
bank BY this means New York is simply
made the selling Pace, and an enormous
amount OF checks are sent there for pay
men5 that 90 noG represent any commercial
transaction in New York City. This &C.
counts to some extent also tor the large
amount of cleariDgs OF the New York banks
in proportion to the commerce OF the city,"
In business circles money is still c'cse nd
difficult to get. The movement OF gr iu,
produce and provisions being limited makes
collections slow. The packing houses are
not doing much yet, consequently are not
assisting materially in circulating money.
bard winter is anticipated.
BUSINESS.
A general quietude has prevailed through
out the week in all departments of trade,
without q single exception. This is true,
not only OF transactions on Change, but
throughout the entire mercantile interests
of the city. Bat this is little more than can
be expected at a season when old stocks have
been decimRted and the new are not yet on
the market. What business there is done is
healthy in quality, consequently failures
are seldom reported. -u.r
Neither has the week brought many
changes OF prices An embarrassing same
ness has hung over our quotations from first
to last, which has been by no means the
fault of the commercial editor
A general depression has characterized
the grain market all through the week.
Considerable W heat has been received but
of such an inferior quality as not to cause
purchasers to be anxious about securing it.
They call 1t "stumptsll," !" and claim that the
prices asked and accepted are altogether too
high, when the quality of Indiana wheat is
considered. Ii always briggs less in
Eastern markets than that of Michigan and
Wisconsin, and YET the farmers think they
ought TO receive nearly, or quite, as much.
There is a disposition on the part of our
heaviest dealers to attempt an adjustment
OF this matter this season, but whether they
will succeed remains to be seen. Tne mar
ket to-day closed dull and inactive. We
again quote from the nter-Ocean: "The
latest advices from Europe all go to show the
probability OF a good foreign demand next
spring for every bushel OF sound wheat we
have TO spare from the United States. No
particular stress is laid on the reported fall
ure of crops and prospective famine through
out Russia, and still there must be some
foundation for the reports. But, aside from
this, there is the mcst conclusive evidence
that the quality of wheat particularly is
poor throughout the world, and that the
quality OF good dry standard qualities will
be found very small and bring a good
price," Good qualities OF corn are ia de-
mand. ~.ssf
The provision market has undergone
scarcely any change since our last weakly
review. The warm weather has delayed
packing in this latitude to such an extent
that little 0aS, as yet, Oeen done. hogs are
arriving in moderate numbers and prices
are still firm and comparatively high,
despite sdvices from Chicago, where the re-
ceipts for the last few days have been im-
msnsely heavy.
In produces we have nothing new or start
ling to submit. Butter is considerably
frmer, by reason of less liberal receipts.
Should the receipts ei tomorrow be about
as usual, prices may not exceed present linn
it's, but should there be q falling off an ad-
vance is inevitable. Eggs have been firm
and scarce all the week, and to-day were ad-
vanced 1c per dozen. Poultry Is lifeless
and will continue so until the season be-
comes cold enough to warrant dealers in
handling dressed fowls extensively. At
present there is no demand.
Groceries and dry goods ave undergone
but slight changes, regarding prices or
condition of trade. Quietness has generally
reigned throughout the week. In fact, the
general merchandise market has been quiet
with q light local demand. Orders by mail
have not fallen of, consequently merchants
are not worrying themselves, but hoping
for livelier times as the hondsys approach.
SALES ON 'CHANGE TO-DAY:
car rejected IS
car Dran. 10 40