The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-07-08
FINANCE AND BUSINESS.
GENERAL BUSINESS ASPECTS.
FRACTIONAL CURRENCY.

The New York Bulletin of Monday has
the following: The secretary OF the treas
Jury Is steadily contracting the amount Of the
fractional currency. The sum outstanding
on the 1st of July was sS2, 129, 600 against
.Sas 3ee 900 on January /; showing a reduc-
rtion of S4,261, 600 since the resumption act
took effect. II this form OF currency be cur
tailed at this rate, we shall soon discover a
scarcity Of small change, and
the secretary wiki find it necessary
ITO pat his new silver coinage in
To cl-cul ation: a course which, according to
n disDetch in another column. he intends to
ADOPT 81 an early day. The same dispatch
states tast the secretary coDtemplates the
Suspension of gold sales, with view to
boarding gold in preparation for resump-
Ttion. Mr.. Bristow will find his powers, in
that mEtter, very limited. We can not we'll
do IsieRsxIuch less than the present amount
for market purposes; and if the government
withholGf gold imperstiveiy needed for
business transactions, consequences will
sfOll.tlv fss-sGch a serious nature as to compel
an eariyE aoditication of the boarding policy.
IT is TO bt hoped Mr.. Bristow will make no
hssty resolves on this subject.
1t seeEaS q great pity that the Bulletin
could not be put in charge OF the United
sEta.as Treasury, tor in that case possibly the
right thing would sometimes be done, and
She country be saved. AS it Is, no matter
swhe is secretary, the Bulletin and most
.otbe<s e MAGICAL doctors, for that matter. al
ways find fenlt and are able to show that
just the wTeog thing is done. 1t would ap
pesz EeaS Dneble that the government depart
menS shoal6 know something of Its own sf-
faiTs but from the comments of the COM
mero:sl % ress the public must conclude that
less Usan childish discretion is engaged in
the 2celin istcation Of public affairs.
.-ek LIFoRNIA CROPS.
PleSsan Francisco Bulletin of the 2Sd ul-
timo. peeblis hes full reports Of the grain har
vest of Calf orsia, obtained in answer to its
letters q ine'uiry sent to reliable correspon-
dents thro ue :hoCt the state. From these it
Us shown that the total wheat crop will
amount 70 1906, 900 centals in round num-
BEES FROM an acreage OF z, 125, 40, with a sur
plus of {, 5sO, 0V0 oeDtals, from which deduct
ss7st9o0 centals for San Francisco consump-
ton, leaving 5,s2c 900 centals for export.
The Hheat rails I'd on summer followed land
is much skeft 81 than winter tallowed,
and che dsfiel would have been much
greater bat for this fact and greater
average The stEcng winds in northern
counties have sh sllsd out the wheat some
what, while the raiEs have injured other
sectiOns, hut peit her OF these causes have
been gesle-al enou gh to affect the total very
muGh. The barley crop, on the whole, Is
good There has eeG a greater increase in
acreage uc der vhes; 4. The yield of barley
last year was &c larl ,e and the price so high,
as compassd with th atcf wheat, that farmers
generally were en-, outraged to change the
crop on Old wheat la 1ds TO barley. In many
districts where the increase in the acreage
under whesxt has be snsyery slight az best,
the area planted with barley, on the con-
tray, has been great. ' extended. The total
acreage was:-543. 5Oa. VI eld in centals. 6,I00,
900; surDlues, 2,76sDO0; from which deduct
100000 csnaAsis for San Francisco cOnsump-
ton, Leaving, 10000 Ct entels for export.
Dry ,scs0DS IMPORTS Az NEW YORK.
The Bull lsfin says: The returns for the
month sho ~ fair move uaent, and are very
unitoFm wi ia those OF Ju ue OF the past TWO
years. The. total entries al the port were
So G5s az, a ysssBst S64Tz ,79S fer the month of
last year. a. G &,ll8,O64 IL JGne, 1878. The
tossI throw d upon the market toots up
s., 27G 62S a; pairst S. 79s, SOY last year and
S, 4e4,S7I il 1873. The entries direct
FOR conssnnl tion amount TO S3,92S. 745.
Il decrease, compared with last
year, of s: AS;7S7, and an increase
over June, 1877. | oftf626, 2S3. be warehouse
was moderate and shows no i'm
portant change T. Annexed is a comparative
statement Of tue imfortations for the month
Of JUNE:
E,-rEprrD noEs CONSUMPTION.