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

With the commencement of another month,
1t is encouraging TO note the fact, that com
pared with the LIST of July the business out
look has not become less promising, on the
contrary there is much to inspire hopefulness
and confidence, with abundant crops, safely
harvested, there ought to be in spite of some
adverse circumstances good fall trade, and
that such will be realized is the general belief.
There are those, however, who take different
view of The subject, as the following from the
Chicago Inter-Ocean will show:
The indications of increasing stagnation o.
business as above mentioned in New York are
TO some extent manifest also here in Chicago.
The dizziness OF trade, and the decrease of
about 30 per cent. in the average daily bank
same conditions prevail here as in New
York, or, for that matter, all over the
United states and Europe. It is useless
for people to deceive themselves with
in industry and trade; the times are getting
harder every week. There is less trade and
Il IS per centsge OF profit In what trade there
is; less Industry: les consumption of a most
all commodities; lower prices, less use Tor cap-
ital, and less confidence than there was a year
ago, or even month ago. OF course there is
likely to be some improvement on this condi-
ton of things this TALL when the crops aye
moved. But the causes which lie at the found
alton oil this depression and lack of con fidence
are not Confined to the United States, and
therefore are not likely to be overcome by any
have
many ZINES in this column what we believe
10 be the causes of this universal depression,
viz: The mania TO have gold the only me-
allie money Of Europe; the decreasing pro-
duction of gold; the decentralization of silver,
thus aoolishing for use in Europe one-half the
Ia oney OF the rest Of the world; the boarding
of gold by the banks OF france and Germany,
thus increasing lie scarcity OF the only Kind
OF money lett.
Admitting the general facts set forth by the
Inter.Ocean, we hold, nevertheless, that there
is much to encourage the people and to re-
move the burden of dependency that for a
long time has weighed down the energies of
business men. Business methods" says an
exchange, "all through the country have
been carefully revised, credits have been cut
down. More has been done in the way of
economy, persona, commercial and indus
Trial, than could possibly have been expected.
The crops have been uniformly good. and
though Immigration has fall en- of, IL has been
of the county. With 10 great failures OF
crops, no plaques, wars, or other national
catastrophes, the WORK of finan-
low great collapse like that OF
1873 should now be nearly complete. That
sucn was the clse there has been some very
railroads have begun steadily to increase land
their returns TO show great gain in the
amount OF commodities transported. Bank
| ciesrings in the chief cities, though now at
their L. west point, indicate, when L. terpreted
| by the heavy decline in all prices, that the
| TRANSACTIONS the checks represent are on the
increase"
Evidently the country demands stability In
legislation that bears directly or remotely upon
| business interests, and as soon as the people
can believe that the whims Of presidents and
secretaries OF the treasury, Oh members Of Con-
gress are no longer to disturb the finances of the
country, ar that common sense and honesty
are to be the governing forces in
shaping financial les islation, we may look fol
revival OF business in all OF its depart
ments.
| The grain market to-day was quiet under Q
| fair movement in corn. At about the same
fguree that prevailed yesterday, wheat Il
steady, and was a fraction better at leading
points. Oats are steady, with indications Of an
improved demand at better prices.
| In regard to the
CONDITION OF THE WHEAT IN STORE IN CHI
CAGo,
| the Inter-Ocean of Monday says:
| The committee appointed py the presiden
/ Of the Board of Jraae 10 examine the condi
/ ton of the wheat in store here submitted INT
following report on Chan &c to-day:
John r. Bensley, Esq., President Board o
Trade:
| SIR: The undersigned, appointed by you a
| a committee to examine in to the condition o
the wheat no " In sto re In the seversl e.evator