The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-11-29
FINANCIAL AND COMMERCIAL
HONEY AND THE MARKETS.
OFFICE OF THE INDIANAI'OIIs SENTINEL,
TTfSDAY EVENING. Nov. y. 1876.

OFFICE OF THE INDIANAIA0LIS SENTINEL,
TUESDAY EVENING, Nov. 2S, 1876
For the past week local financial affairs have
been quiet, though the clearing house reports
show increased business as compared with the
previous week. The banks report a scarcity
ofcurrency to meet the wants of their custo-
mers, and there has been necessity
to bring funds from New York. All
departments of legitimate business are.
however, promptly accommodated when
the paper offered is strictly first class,
ana Is placed at 10 to II per cent
Eastern exchange IS abundant and the rate
between banks has been % To IO) for 81 900 dis
count, and counter sales are made at par 20
lilo premium.
Indianapolis Clearing House.
Clearings. Balances.
For 2S W eks ending Nov II S32 $1,000 7fT6.0O
For week ending Nov. Is. l.3S2.O00 10000
For week ending Nov. y ...... $4,000 bJl.U9
Monday. Nov. 2'...-.........--.-. ZZl,VU HFW
Imports of specie.
The Daily N. ~ Bulletin OF Monday says:
The imports of specie at this port, during the
six days ending November q, amounted to
s2,aO6,IO0. This is a natural result Of the cur
rent low rates Of exchange, in which there are
. no symptoms of an immediate change. the ex-
ports continuing to be diSprOpOrtiOnately
large compared with the imports. Included
in the week receipts OF treasure is SIii9,0J0 OF
silver bars while, during the same period NyC
have exported S2l3,OO0 of the same class of bull
lion. This confirms the view we expressed q
few days ago that the purchase of about 81 o.
600 of silver in London, some three weeks ago,
said 10 be- on account of the United States
treasury, was intended to strengthen the mar
ket there in the interest of exporters on this
side. If this be the true explanation, it was a
STUART operation at the expense Of the govern
ment-
The past week has been one OF more than
average quletneSs In all departments of bust
ness. The volume Of trade has been light. and
buyers generally using great caution in
making their purchases. In other trade cen
ters the reports indicate apathy and a lack OF
confidence. The political situation is unfavor-
able for business. Prudent men are not urg-
ing their goods upon the market. and prudent
buyers are equally cautious.
In dry goods stocks are all that could be de
sired. and the tendency is to lower quotations
on sundry staple commodities. The New York
Daily Bulletin Of late date SAYS:
Business has been generally quiet with the
package houses, and personal selections were.
almost entirely restricted TO small lots of goods
required for keeping up aSSortments. There
was "a somewhat freer movement in calicoes,
and hosiery continued in fair request, but
shawls and skirts we're i'm very light demand.
Cotton goods have been in limited demand.
but agents prices are without quotable change,
and several leading makes of brown sheetings
are Stiffiy held az current rates. owing To the
liberal orders held for export, which will alb
sorb the production of several prominent mills
for weeks TO come. In bleached cOttOns there
has been no movement of i'm portance. but the
shirt trade may shortly be expected in the
market for their spring supplies. when a bet
ter demand may be looked for. Coiored cot
tons are meeting with = hand-to-mouth in
qutry. but sales are light in the aggregate.
Prints-There has been a moderate demand
for choice styles of dark fancy prints, ~ which
the srpPiyaslt hoGgh ample for current trade
years at this period Of the season. The PaSsalc
fsncv prints, represented by Messrs. John
Sls.de & Co, were reduced to-day To Cifc, but
the Cardinals of this production are I'M
changed. The best standard prints are stead
lily held at &c, and robes at re: but some
of fancies which are not strictly up to the
mark. Shirtings are in fair request for the
time of year, but wide prints remain quiet.
Cotton dress goods are jobbing fairly, but in
some cases At very low prices, and good styles
OF dress ginghams continue in steady request.
Hosiery has been taken In small lots TO n
considerable aggregate amount. and ladies'
and chlldren's underwear Is i'm steady request,
although not active. Nubias are not so quick
and some makes are selling low, but other
fancy knit woolens are in fair demand.
In groceries a fair trade continues. and
prices are steady. Sugars are very iirm and a
further advance is likely to occur. The New
York Daily Bulletin says:
Not for number of years has the supply OF
raw sugar I'm our receiving markets been so
small y now. Prices are very firm and are.
decidedly higher than those current at this
time last year.
The supply here Is not only small. but also
that in Philadelphia, Boston and Baltimore.
The stock at the four ports named Il 20 per
cent less than at this time last year. AS re-
CARDS the statistical position here, the follow
ing Is an exhibit: