The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-12-15
TRADE PALACE.
FINANCE AND BUSINESS.
WEEKLY BUSINESS REVIEW.
MONEY MATTERS.

MONEY MATTERS
tits noteworthy that the country is not nearly
as sensitive TO prospective legislation on finance
a. at the last congress. Then every
body expected that by some magical stroke OF
statute making congress would relieve the
varied Ills OF short finances, and make Is easy
for all to est living. Too much was expected,
more than legislation could accomplish IL every
law maker were a Scion. But as il turned out,
while congress did scarcely anything else but
vrangIe about the currency system, IL really
did nothing at al to fulfill the expectations of
rsIiefindulged by the people. Now they are
not looking for so much. II is believed that the
resumption act will be repealed and the oppres-
sive influence OF Ii, which Is already feat, will be
removed. But the public begin to see that no
sure reliance can be placed In congress for a
cure OF hard times. That IL has the power TO
touch alever which would lift the burden from
the people IS no assurance that such q
service win be done. II 1t would
reduce the rates Of interest and not
make law responsible for this incubus upon gen
eral prosperity, 1t would hit the nail on the
mead. In money circles there is nothing new 10
report. The market is quiet. Grain and pork
business makes a considerable demand which is
readily supplied by the banks. The Chicago
Tribune says;
OF the least in terestiug In the year I'm the loan
market. The Board OF Trade markets, the pack
ers' interest, and the general mercantile bust
ness, has been in such a state that the calls upon
the banks for accommodations have been light,
and have made no appreciativeinroadso on their
surplus OF loanable capital. The closing of navi-
CATION the raising of rates by railroads, and the
cessation of the foreign demand for our bread
stuffs have quieted business on the Board OF
Trade. Trade Is quiet, and Is not expected TO
show much Improvement till after the aTst OF
enterprises, and those outside the routine chan
nels Of trade, has almost vanished no new pro-
IsSs OF ne ap Gn % this eont an as
has difficulty in finding employment, rates are
"a easy as borrowers are scarce.
PROGRESS OF PORK PACKING.
The leading topic OF the season is the hog
crop, which continues to look uniavorable. The
Cincinnati Price Current of last week makes
comments which are still applicable to the
present;
The continued falling behind Of the number
OF hogs marketed gives color to the short crop
theories which have been freely advocated by
many, and has had the effect to modify the
plated the future OF the season as having the
elemen s for yielding crop nearly or quite up
10 LIST year When we say short crop now we
must mean less than 8 200 600 hogs for the season
for II that number be reached. with the in
crease which it is believed win be shown in
weights, and the now probable high price at
which the product will be made, the crop will
not be relatively short one. The trade are not
elapsed since less than 5000, 90 counted as q
crop long enough to prove seriously Improbable
to packers at the prices which were paid for the
hogs.
COMPARATIVE FIGURES OF 1874 AND 1875.
Thestatis los given below are furnished to the
Sentinel by J. II. McMshan Co.. brokers and
dealers, In the Chamber eff Commerce:
The following table exhibits the packing
nom Nov. i, In Chicago, to Dec. IL:
ls75...-..-......--.s4-,577 1855
At 81 points reported to date:
rS'z,2 ,2Sl, 79
eersase; 1oso
and lard on hand in Chicago:
Dec. II. 1876. Dec. 4. 1875.
Lard, tss......-..-,,.,-,, 7Sn
The stock ofpork Is not more than one-tenth
OF the supply on hand this time last year.
Demand good for shipment.
The following we're the shipments OF provisions
for the week and since Nov. l, as compared with
For week. 1875. 1874
Lard, lbs - s,s5 Si o. i7.iioSS7 i4as1ss5
The following exhibits the closing prices of
live h9gs and provisions. as compared with
Live hOss.-......s SO 80 20 ass Sec j. s.
nsss p seller ' Fss !: = s z E q
Lard, seller Fed II .1xels 50 l3 Ek@lS So
Shoulders green 6Z9 GA 81
e.. R Sides green. eA0 R1x9 90
Hams-.......-......... 10 q lOA No IOE
The lollOwing:were Liverpool quotations on
dates named:
Dec. 10, 10. Dec. IL, "A. Dec. Il, 7S.
Prime ness pork. ..92s Cd S5s Cd 7Os Cd
Lard .....--.......... 64s 38s Sd
The foreign exports from seven principal
points since Dot. 81 1875, and corresponding time
In 1874, to Nov. n.
Bbls, Lard, bis. Bacon. hams
and Shout
Ela ders, lbs.
Pork .IG7S-..-.-...lS,q e4 II, 34l ass 2856S Se3
Same time, l674-l7,@6 IL ,62266l 1855, 686
All the above should be a satisfactory show
ing to4he bull and granger side of the trade.
Receipts, week. ehiPments, week.