The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-01-12
TRADE PALACE.
FINANCE AND BUSINESS.
WEEKLY BUSINESS REVIEW.
MONEY AND BUSINESS.

TUESDAY EVENING, Jan. IL, 1876.
Sfncethe opening OF the new year 1t must be
admitted that business has gradually walked up
and started of as hopefully could be ex-
pected Nothoughtful and well-infermed man
presumes to look for any sudden or marked re
vival IN business prosperity, or the reproduction
of quick fortune making such as the years i'm
mediately prior to the panic saw. Those expe-
riences have gone by not to return again until
some settled policy for the currency has been
established and the country has recovered from
its temporary paralysis. There is nothing in the
present condition to encourage unsound bust
ness firms with the hope OF recovery. 1t is
scarcely possible for weak concerns TO avoid
failure during the coming year. But to counter
balance this 1t is also certain that the business
building up ne y foundations is of a substan-
tial character. Adventures are going out of
favor, and by the end Of 1875 there is good rea-
son tobelieve that healthy and prosperous
o. condition wiz have obtained.
THE CENTENNIAL EXHIBITION
will exert an influence on business far outside
ofPhiladelphia. New trade connections will lie
made with foreign nations. Thousands of Wis.,
itors from the old world will extend their OBJ
Eervations beyond The immediate locality of
the Expedition. They will look at the country
Capitalists and man ufacturers especially, may
be expected 10 do this.
Moneyis still tieG up in the process Of NOV
ing of the hog crop of 1875, and the banks do
not report much mOCs readiness to receive ap-
plications for funds than a week ago. 1t is a
bad time % borrow, IL any were disposed to do
So There is. however, little demand for &C
commodstiOns. Merchants find their collee-
tions fair, co that they suffer embarrass-
ment in their regular course of business.
THE GRAIN TRADE
has started up with considerable vigor as re-
CARDS corn. FYiihin tho pa.t few days a largo
amount of sern has beec handled at this point,
under very steady rate Of 40 70 Al and Az cents
per bushel, aocord .ng tc quality. The sales
hrve footed up quit handsomely, and
the demand is Ein good. Some
a more extensive patrons ge of the elevators
and the railroads have done som ething to favor
that object. After the 18th inst. it is proposed
by one elevator. al least, an prel ,ably the prac
tcs viii be uniform, to transfer rain for three
fourtas OF cent, If removed " 1thin twenty
days. A reduction has also been made by some
OF the railroads ON ain conEigned to the eleva-
tors. There has Deen very little do ne with -four
and wheat. This state has not niue h TO show in
the way of wheat, and the -four traC le has been
dull and weak.
HOGS AND PORK
have led the business for the past few days with
~c-sAdCA<AoAo
cents higher each day az have fou nd good
demand. Most Of the houses have be, N idle for
? week. Kingan's house is using ey0c0 head
daily, and Ferguson & Co. are ais killing
this week. By some it is COM ddered q
little risky to pack hogs at 81 per
hEndred and over. The fact is obvi Gus that
pork is at this time expensive in con lparison
with other articles Of consumption. In regard
10 tie reported crop and short sup ply. the
New 'Iork Bulletin suggests a suspicion that
may or may not be well founded. IL SAYS:
Statistics OF pork packing from the COM
Hlencenent OF the season Up to January s, show
n considerable decrease ct all the principal |
points, as compared with the same period OF |
12St year. The aggT egate IS l.975,0Je, against |
~ OtO0 Last year. There are reports. however, |
TO the effect that the returns thus far given do /
not fully show the total packing. as certain /
speculative pun poses. How that is we nave no
means of knowing, but as a current RI NOR in /
lhs t-ade, IL may be worth taking into account. |
COMPARATIVE FIGURES OF 1874 AND 1875.
TheStasisEcs given below are furnished TO the |
Sentirel by {. III. Nc Mahan & Co., brokers and /
deslerE in tho Chamber 81 Commerce:
Packing 10 slate, and same time last season in |
Chicago:
70 o......- gro L
1o'0 .-......l 05967! /
The following were the receipts and shipments
of live hogs tor she week and same time laet /