The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-01-05
TRADE PALACE.
FINANCE AND BUSINESS.
WEEKLY BUSINESS REVIEW.
MONEY MATTERS.

TUESDAY EVENING, Jan. 4, 1876.
The banks still report the closest stringency.
As vet there is no change in the tide OF circula-
ton and 1t is next to impossible for the outside
borrower no matter what his paper, to obtain
any funds at present. In general, on the con-
dition of business, the New York Tribune says.
The year which closed yesterday, and is fol-
lowed by a close no iday to-day, has not resulted
in that return of business prosperity for the
country which was hopefully predicted one year
ago. The effects Of a decade of extravagance in
living OF the construction of thousands OF miles
OF railway la advance of the business necessities
OF the country, of over production, OF wild spec
NATION in All directions, OF pecuIation on the
mart of ofIicers of corporations and municipal
and state governments as we'll as Of the govern
ment of the United states, resulting in grinding
come by ordinary efforts at economy
and retrenehment In so short a space
most cheerfuliy wait and work and hope for
the good time coming, being sure now only OF
the fact that In point OF time We are one year
LIST of January, 1875.
THE GRAIN TRADE,
which, next to pork is the leading interest at
this season, is dull. While there is something
doing it can not be held that movement OF
the grain is taking place generally. Again. 1t
must be admitted that this city does not hit
the mark in some way to build up trade at
this point. The grain commerce is through
of the region naturally tributary 10 IndisDapo-
lis, go past without stopping; certainly without
unloading and the handling of grain here is
petty and insia nifieant considering all the con-
ditions and circumstances,
Corn has improved its demand somewhat, but
there is not much done in trade, and prices are
weak. Nor is there muca prospect of an i'm
provement. fl cents was the outside figure to-
day and the Price may be considered one to wo
cents below one week ago.
Wheat is In demand at the mills and,
strangely enough, the ing uiry is for poor
grades commonly called s;umptail. There is
not enough of this to be had. The
secret of this lies in the fact that the
depression Of price on such grain
is larger in proportion than the loss in wheat
1t gives a better margin of profit to the miller
than good sound article.
PROVISIONS
are not just row cutting much OF figure in
trade. They are quiet and waiting for the out
come of the paskirg season. Hogs maintain
about the same figure which they took al the be-
ginning of the season, S. 1877 90. They have
stood at that range with unusual uniformity
The produce trade has been depressed every way
for the week past. Weak markets at the East
warm weather and light demand at home have
th' own buyers upon the alternative of carrying
their stocks and taking chances for the future
Butter, eggs and poultry are all dull and
slow as was never known at this season
OF merchants aud grocers little is to be said
for the past week. Holiday festivities and bal
ancing the books have employed their attention
and they have not paid much attention TO trade
sun, business is satisfactory and the prospect is
hopeful for the coming year.
PROGRESS OF PORK PACKING.
COMPARATIVE FIGURES OF 1874 AND 1875.
The statis les given below are furnished TO the
Sentinel by J. II. Nc ushan & Co.. brokers and
dealers, In the Chamber of Commerce:
The following were the receipts and shipments
OF hogs ia Chicago tor the week and same time
last year, and number packed this and last
season for the year:
Week receipts. Week ship ments
1875. 1874 1916. 1874
IIve.. 1853 $3.50 1871 0s70