The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-08-02

to as exceptions To prime condition, is OF
eleva proprietors in posting sucn wheat
out OF condition. Respec fully submitted,
j. w. PRESTON,
ii. W RORERS, Jr,
~ FOSs,
j. n CDERMID,
Committee
CHICAGO, July 20, 1876.
Opinions In regard TO this report are various,
and its effect on the grain trade of the city is
still matter of njecture. great many
mem bers of the BoarO Of Trade regard the APP
poin tment of the committee a mistake-that
the proprietors OF the elevators and the In
spectors were competent 10 take care of the
property, as IL is TO their interest 10 do so, and
project the business of the city. On the other
hand, parties claim that the report is even
worse for the grain trade than lift had actually
reported wheat out of condition, because L.
leaves the impr ssion that fair pc rtion of il
and operators will be unwilling to carry it. Ii
the grain was posted out OF condition, and the
numbers of the bins given, there would
Again, Others claim that the report of
the committee, with the opinion ex-
pressed in regard TO the probable future con-
ditiOn of wheat, will do much to ward ailayiDg
the Tears expressed by holders, aud will en-
able shippers o guard against receiving grain
from the pins reported as holding grain likely
Quite a number of operators in wheat ex-
press the opinion that there is very little more
soft or warm wheat here at the present time
than is usual at this season of the year. That
hardly a summer season passes, unless 1t be
an unusually cool one, that there is not some
warm gr-in in the elevators, but ii is not
made publiC-being carefully h sndled by the
managers of the elevators.
1t is well known that the wheat crop of 1875
was an unusually poor one, and extremely
difficult to take care OF 10 storehOuses, and NJ
would not be surDrisipg if some of it shou q be
damaged by the extremely hot weather,
especially in the East IN markets.
There was a somewhat better feeling in the
market to-day, and sales Of 10000 berrels of
dry salt shoulders were made at re. Clear
rib sides are held at Zoe, while 9szc is the limit
of offers:
THE PROGRESS OF SUMNER PACKING
is referred to by the Chicago Commercial Bulle-
tin OF Saturday as follows: The receipts Of hogs
during the past week were c0mpara ii vely
light, and packers have transacted very Ii, tie
business. Prices have been moderately well
maintained, while the feeling In the foreign
and Eastern markets was rather unfavors bic
TO manufacturers, and the export demand for
product was unusually light. The falling off
in the receipts OF hogs is lot unexpected
farm are now engaged in their harvest
work. and Will probably pay little attention
TO the moveme MT Olive stocks ing the next
JhIee or four weeks The quality OF the hogs
ing continues quite good-1ully up TO the
average of previous weeks, and smooth, light
bacon lots still command a premium. The
manufacture is still restricted mainly TO the
production OF mes Is suitable for export, will
the exception of hams-pacs ers now engaged
after. There is also little more doing in the
manufacture of the lighter qualities Of pork,
and packers have quite number of contracts
fill their orders for these descriptions in this
way as the stocks are exhausted.
4 e packing to date aggregates about 745.OCo
to $50 600 hogs, against about 5COOOO for the cor
responding period last year, and a total pack
ing of 72S,73l hogs during the summer season
of 1875. At Indiana polls packing Is progress
ing at the rate of about 100 hogs per weak. At
other points the situation is unchanged-pack-
ing is not being pushed as tly as IT was
one month ago.
Prices rule steady. Messrs. L. X. Hall & Co.
OF Cincinnati in their circular of the Slst ult
say no important changes can be reported, the
market retaining the same quiet, almost mon
otonous features that have for so long chsr.
acterized 1t. Weare now, however, in what is
usually called the dullest month in the year,
and IL is reasonable TO look for at least some
what improved inquiry beginning soon after
August
ceived are somew at encouraging, and a bet
ter feeling is nOtlceab in business circ es thBn
II the damage done in certain sections by the
late rains had proved more extensive aud di
astrous. Cincinna' Il being the largest forward
Ing mars ct for pig iron in the country is di-
rectly affected by the condition OF the large
territory supplied. Prices as below rule the
same as last week.
Themarket here is quiet and steady. Re-
ceipts ara said to be seasonably active, Though
GOOD many farmers and coun-
try dealers are evidently holding
back for better prices. In regard to
to the New York market the Commercial Bull
letin OF saturday says:
Business still iails TO develop any brilliant
atures, and though a few OF our dealers who
are IN ossession of attractive assortments
can now and then manage 10 run mp a pretty
good list OF sales, there is absence of general
animation. At some of the Otner seaboaId
cities the distribution of wool has been very
good since the opening OF the month, owing
in part ~ an earlier and larger receipts of
new supplies; and as this no doubt meets
the current wants of consumers, IL will
ties u To stimulate new demand either there or
here. Manufacturers In q great many Asses
still appear to entertain doubts In regard to
the amount of production warranted, aud un-
til they arrive at some sort OF conc uslon up0n
this subj. ct, purchaser OF material can scarce
ly be expected TO go beyond the known re
quirements of the looms. In a word. The I'M
certain markets for goo7s, more than any
other cause retards the otsiri0u' ion Of wool,
and it is next 10 impossible to induce either
dealers or consumer to sp' culate upon the
chapc,s OF an improvement. The auction
sslee OF hannes this week were more encour-
aging. and this infuses hopeful feeling; but
full influence on the wool market. SoDe
dealers co not tn NIX IL will help matters. and
report that man ufacturers asser that they can
not continue on hannels or BLANKETS ut the
rates oh aimed, and must stop prod uction.
The sales exported tnis week emorsee ~ zV'v W,
| " feeces," 1900 lbs x and Xxx on private
terms; 1900 lbs washed combing at A G; 2, W
| los unwsshed do at 3 G; 8, o. Lbs low washed
clothing wouls at sac; 5,t6O lbs super lambs
pulled at SOalOc; Is b. s super pulled, ~ bags
| mbs do, % bags NO. do. 8 bags short extra
do, on private terms; zoo lbs Eastern Texas
/ at .0a25e 5000 los Yves ern 90 at l4al7 80,
Coz lbs mix. do at l5a20c; 900 lbs secured do
| at 5gzc; 20 Gags Vest. I'm Texas, 60,UJO lbs
Eastern do, medium to fine, 1890 lbs mixed
| do, 2tCO lbs pulled California. on private
terms: 500 lbs ia California at 14c; 1000 lbs
spring DO at 2lc; 5000 los do at isals91c, bur.