The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-03-13
INDIANAPOLIS CLEARING HOUSE.
Clearlngs. Balances
Commercial.

From the amount of business. done in the
general markets during the past few days il
LOOKS as if the spring trade has opened up in
earnest The stocks held by mer-
chants are large and well select
ed. and merchants throughout the
state are realizing that indianapolis offers
better advantages than any other western City,
ana that they can purchase the same class of
goods here much cheaper than at either Cir
cinnati or Chicago. The grocery market is
reported as being quite active. The stocks held
by dealers are large and compose both staple
and fancy goods. Prices rule firm. There is an
active business doing in dry goods. and prices
as a general rule. are undergoing but few
changes of any importance.
The New York Journal of Commerce, of
March g, Interviewing that market, says:
For the week clos the volume of trade
completed Is in excess OF that reported at our
shown considerable irregularity, yet in the
aggregate business has been better in move
ment win an lmProy,ed feeling on the part OF
ceeding day. Pressure to bear the market by
holding of until the latest date has succeeded
srs of All classes have arrived at the conclusion
that bottom has been reached, and according
iy have commenced work for their spring
stocks. This has been reflected in a very much
improved business on the part of the Jobbing
trade in all departments, and Is no less general
of small ass rtments of some frequency 10
meet the daily demand.
On the part of jOboers there is a much supe-
riOr outlook than was the case IL months ago.
Then 10 beers held large stocks at higher cost
than was the average of the market at the date
OF the earliest movement; while now, small
stocks at low prices is the satisfactory con-
trast. TIL result must prove far more SaJ1stac-
the granting of credits, and the profits of the
first tWOmOnthS Is not expended IN sending
out horde of drnmmerS TO secure the sale OF
of 10 per c mt on the value of the case in 30
doing, and the responsibility OF the purchaser
delegated TO a commission salesman, whose
every interest depends in making the claims
of the purchaser "a good as il IS possible to do.
Cotton GoOds.-The market has ruled quiet
for the week, yet in the hand-tO-mOuth char
very fair total of SAFES has been reached. IL is
further noticeable that agents are patiently
awaiting action on the part of jObbers, as until
such il the case nothing is 10 be gained by
forcing goods at a low price TO be used against
CONNIE ndable, AS from the steadiness OF daily
selections meet daily wants and TO keep as
sentiments perfect, II Is quite clear that stocks
are much smaller than usual, and that with
an OrdI nary seasons trade the cO8SumptiVe
demand will require literally II the STOCKS in
haud and ~ come forward.
One thing Is quite sure, there has been no
unhealthy stimulant to production, and fur
thermore the manufacture of many staples
has been SO discontinued and diverted that
the stocks show some dimlnut1On on that &C
count. Prices are steady and likely TO con-
of the staple ana the present hard-pan figures
there Is no margin for any reduction, unless
mills are so situated that they can not stop.
The demand for all kinds of salt fish is re-
ported active, and prices rule firm with an
upward tendency
The recei pts of eggs during the tx have
been very heavy, the market is overstOcked,
demand light and prices have a downward
tendency.
The demand for choice grades of table butter
Is fair and prices rule steady.
There is but little doing in poultry and
prices are unchanged.
The provision market since our last weekly
report has been very dull, offerings light ana
prices ak and nominal.
The demand for flour is only moderate, and
quotations are undergoing but few changes
y good local milling demand Is reported for
wheat. and values rule firm.
There was only small amount OF business
done in corn to-day. and prices rule steady.
SALES REPORTED.
Wheat--2 ears sample, 81 10: car sample,
81 Is; cars sam ole, 81 II; car sample, sl,lO;
cars sample. 81 ".
RECEIPTS AND SHIPMENTS.