The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-06-17
WOOL CROP.

WOOL CROP.
The wool market is unusually dull and
the receipts fall far short OF last year thus
far. Still, buyers are looking round pretty
sharp, and there is an evident disposition 10
take mold of the crop in the face of dubious
chances. In regard to the California wool
clip, which is a source Of production that has
q large effect now on the market. the New
York Bulletin states: The clip Of California
wool Is being freely marketed at San Fran
cisco, as appears by the receipts Of this sea
son, so far as reported, compared with same
time last year. During April and May.
Il 600 bales, or 12,Sl7,550 pounds were re-
ceived, against 1862 bales for April,
1874, and ,OS7 bales in May and June o.
the same year. OF these, y Sl7,550 los. re-
ceived this year, 9,753 S73 los were in April
Upon this basis, the San Francisco Journal
OfCOmmeTcs estimates the total receipts up
&c July l. a. So 000, 900 lbs, including the bal
Snce of the tall clip, received in the first
three months of this year. The number Of
wool sacks sold at San Francisco this
spring corresponds correctly with this esti-
mate, the sales amounting TO 100 600 bags,
indicating q spring clip OF b OOO,Oo lbs. 10
round numbers. This would be an increase
over last years clip OF IS per cent. THIS is
assuming that these sacks will all
be used for the spring clip, while those
who argue against an increased crop claim
clipping But the course of last years re-
csipIs does not indicate this, but rather the
contrary for should the ratio of increase in
receipts in April and May over same time
last year be maintained, il would make tie
total recei PTS for this year $1,000 600 lbs.
which is an unprecedented figure. This or
cOurss ia not anticipated, but the same aG-
tbority assumes it safe 10 estimate the in
crease of 1870 over 1874 AZ 80 per cent, which
j. the same as 1874 showed over 1873. This
would make the clip OF 1875 over 81 100000
lhs which IS estimated at over ST., 1000 ,0OO in
value.
DRY GOODS.
Very little is % be said in regard 10 this line of
trade. The past week has been only moderate
n the amount of business done. On account of
mad weather, there have been some quiet days,
country merchants buying sparingly for present
demand only. In fact, this practice is becom-
ing universal, and the old-IashiOned plan OF
LAYING in stock of goods Is a thing of the
past. Again, the margins are now so small, and
goods so cheap, that, like selling sugar aoc COT
lee. an immense am unt OF goods must be ham
died 10 make any considerable amount of
money in the aggregate Collections are re-
ported a. reasonably good.
GROCERIES.
No new features have been developed during
the week past, nor any important change in
prices The trade. a whole, for the past week
has been fair, although there were some inactive
days IN regard TO sugars the New York Bulle-
I'm says When, some months ago, an import
ant increase in Ibe drawback ON exported re-
fined sugar was granted by the secretary or tue
treasury, brisk trade Immediately sprung up
with buyers for foreign countries. After a
while this activity subsidized, and for q
time only moderate moderate! export bust
or Two, however. refiners here have been
.loing a large trade at firm market prices. Most
oSfh- sugar has been going 10 Scotland and Eng
land bat no ~ considerable quantity has aisO
ossn sentto sou:h and Central America Ger
many has taken moderate supply. Some ship
raenis were recently made to the Mediterranean.
None has gone to France, as the sugar reuners
there are 50 protecsed ana nave nav sgon extra 1
govern ment that no foreign renners have a
chance. The New York product, fully equal to
that OF England or france, sells In London or
than the product of either, and 1t Is seemingly
REGARDED with equal favor by the British mer-
chants IL the large quantities they are pur-
cate quite a considerable business with England
and the Continent. with Liverpool ana London
as The distributing ports.
THE GRAIN MARKET.
Nothing can be much more unsatisfactory
=aaa the condition Of the grain market While
itfs as clearly impossible to bull the market
All create any permanent advance in grain as
'tr1Sfo control the elements Of nature, the per-
eistspt effort TO do this keeps the price OF WIN
ter wheat at figures where millers can not Ouy
and sell -four at the market rates Notning - -
dOinu. No winter wheat scarcely Is onered
even ar the large discrimination IN favor OF II
over spring wheat. The speculative market mas
rallied once or twice during the week under TIE
fpfiuence OF what some hopeful would be dam
aging weather, but to-day II fell BACK again.
The prospect for the crop Is really improving De
yOnd the expectations OF all II - statS1 aRas "a
Of phenomenon Of a summer rain storm Tnieh