The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-04-29
FINANCE AND BUSINESS.
WEEKLY BUSINESS REVIEW
TOBACCO PROSPECT.
NOT so Rad AFTER ALL.

The Evansville Courier has toe lolSo"lhg
It Recently dispatched reporters 20 the
tobacco growing districts of Kentucky, In
diana and Illinois, with instructions &c state
the exact truth touching the crop 20 be
gTown during the year 1870. Cur reporters
have all given in their memoranda, and fsom
ne detsils-gsthered from many sources
we have been able to make summary az fol-
lows: The crop in Southwestern Kentucky,
Indiana and Illinois will be sonnet ninS more
than an average. provided there IS good
season. The country has suffered very
Instsrial loss in plants by the recent frOsts,
but will have plenty left to make lsrgr
stand. Henderson, Christian. Davies, and
McWebster and Union, IN kentucky, and
Lean, in the same state, although, ID
some neighoorhOods the plants have
been froz out, viii probably raise
something over an average crop. Planters,
stimulated ny the high prices which have
been paid during the year just past, have
na6s unusual preparation, and the total
acreage made ready for planting, will tar
exceed that of any other year within the
memory OF the Oldest inhabitaDu. In fact,
the number OF acres which have been
upturned for the p1rpose OF tobacco
planting, is about cne-third greater
than ever before. Those who ere carrying
large lots OF last years growth are nervous
and uneasy. They talk very confidently OF
the certainty of "shorE CROP" but when
questioned closely, admit that the prospects
are not altogether unfavorable TO the pro-
ductiOu Of en- average yield. In their
very favorable season. to make sure
of an average crop. 1t must be under
stood that these gentlemen are are not spec
ulators. They are large planters, who have
bludaDt resources, and who, Therefore, are
their own bankers. Tbs tobacco th5y hold
he. I~an bv thnir oyvr helm uNO-
their own plar tations, and they are not be-
lievad to be inclined TO an emotional pre-
sentiment OF tee case, 20 matter who IS 10
be the inpector of their tobacco. Our own
observation conyinees us that the crop
will be something larger than usual. Our
reasons for arriving at this conclusion are
brief, but-wsH answer them who may.
1. The acreage prepared tor planting IS all OF
ODe-third more than has ever been made
before in the history OF tobacco planting;
and, 2. Fully four times tho amount OF seed
has been scwn this year over any other year
known in the history of tobacco planting.
The frost, no doubt, has killed many plants,
but we believe there are enough left Co make
the largest stand ever made in this country !
The whole matter, then, rests upon the sea- !
son. If we have reasonably favorable |
weather, tho crop will be immense aud Of |
the hest quality; IL unfav0rable-th2t is, |
nnssioiy u-%'-' rRble--stiil the crop viii be |
ouit3 U - TIE average raised in the |
southwest sGering the past ten years |
The New y = Bulletin states that the |
New England, Middle and Lore northern |
of the Western states, have escaped by the
backwsrdnes5 OF season in those sections, |
and no effect has been experienced on the
market "a yet except on Kentucky Leaf, in |
viii b stare il was st first believed the dam
are done was severe and quite extended. Of
this the Louisville Courier Journal OF Fri I
day states that, to the surprise of all, the
loss OF plants was slight, indeed. that no APP
probable effect upon the prospects oIthe crop
has resulted rom the late severe weather,
except 10 check the growth of plants and de-
lay the crop. Iii now generally believed
that plants in any stage possible at bis time
WHISTLER in leaf or merely terminating.
have generally survived. and that the eXcep-
tons are insignificant. 1t Is also reported
Inat the fly or bug or what's his name
has survived the Indictment season which we
though would prove fatal to his constitu-
ton, and that he Is developing q surprising
amount of enterprise IN some sections.
REVIEW OF THE HOME MARKETS.
TRADE AND BUSINESS OF THE WEEK.
Since the last weekly review the general trade
and traffic OF the city have been less active than
an ordinary season would justify. This fact is
due to toe extreme backwardneSs of the spring,
which has retarded labor and checked to a large
degree the spring trade In all lines that relate 10
clothing and dress goods. For the past three
days toere been, however, n decided inn
prOyement The enterprise OF labor in public
and private improvements show an unusual
vigor, giving employment 70 thousands.
THE MONEY MARKET
is wholly uneventful, the tendency being in the
direction Of more funds. Some borrowers have
no difIiculty in finding all the money they wish
TO use.
DRY GOODS
experienced a decided check. not altogether I'M
grateful to the oyerworked forces, but the aver
age report Of this week is good trade. Spring |
lines of goo 5 are having considerable run, |
bat the season must necessarily be short. No
change reported in prices.
GROCERIES.
The few days OF fine weather of late have had |
a good efssc. upon trade. and therefore an in |
crease or business IS noted overth trade oflast |
", ex. Plies are. in general. quite firm. Cof-
Il axe active, firm and have upward tend
ancy, only lack OF pressing demand has kept
prices 10 present figures; common 10 choice
grades sell at Fl 2ic. and fancy grades al z41ac
here sugars show an advance OF = TO a, and
are firm, With good steady, and even active
trade; New Orleans ku ar5 are pretty generally
out OF the market; they have become to- high
TO successfully compete with rezned ye!lOWs /
end as the warmer weather approaches IL .
latter have become more des rable. Syrups
Grn, unchanged aud have an Inc easing de-
maud. Rice unchanged, but more active as the
season for greatest consumption approaches.
New cheese have taken the p acc OF old and sell '