The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1879-06-25
CLIPPINGS.

CLIPPINGS.
WAGES AND LABOR IN CLOTH PRODUCTION.
The Boston Journal, in discussing the Fail
River strike, presents the following interesting
summary:
l. The proportion of operatives to spinners
has been decreased 10 per cent; $50 operatives
can do the work now that required 600 in 1860.
2. The cost of labor in the yard of cloth has
decreased 20 to IS per cent. 50 will pay for the
work in as many yards of cloth as "a would in
3. The average of women's and girls earn
ings has increased IS per cent. The women
and girls who earned on an average 1925 per
week in 1850, working 81 hours, are now earn
ing very nearly $3.50 per week in so hours.
ners will soon cease to have the power to OBJ.
struct the cotton manufacture, by the substl-
luton ,tio OF machinery, which gives women
have now. Several mills are gradually substi-
tutfng frames for mules, and the secret of
spinning soft yarn on frames is already claim
ed by several inventors.
1t may be observed that the gold dollar of
1878 will buy more food and clothing than the
gold dollar of 1860.
THE NEW YORK GROCERY MARKET.
New York BuIletin.l
Sugar.-On raw sugars holders are generally
IN confident mood, and while positive buoy
ancy can not as yet be infused, there Is evil
IDENTIFY a feeling that the market has seen its
worst. Direct receipts by refiners are not SO
ises to continue, aud recent s'signs" have all
tended to indicate that an increased amount
of interest has taken root among buyers. To-
days demand was very good, and the sales
show slight gain for holders. Fair refining
rs reported at &c, and good do 619c; aud while
these figures are considered little extreme by
some of the trade, they are about as low full
test goods can be reached at the close, the
strength of the market being particularly no.
tlceable on muscovado stock. The transac-
tons, as reported, embrace 800 hhds musco-
hRds do e Called fair s De ade GOOD
zoo hhds English Island, &c; $50 hhds Porto
Rico, 696.3ic, and 400 hhds centrifugal, 7971zc.
Refined still moving out with sufficient free
dom to about clean up the supply, and the
market firm at full former rates on all grades.
Coffee-Brazil stock has shown about the
same general features before noted. The new
samples per steamer secured few customers,
the tone throughout proved slow and some-
what unsatisfactory. Still IL would be diff
any positive concession, and the current quo
tations remain as before, with a nomtnalIy
steady tone. Sales of oel bags, 49l do, 700 do
ex .'Olbers;' and at Baltimore 1000 bags ex
"Waterwitch" at 1l5zc.
On the general line of mild coffee there has
been shown a continued slightly irregular
tone, and where quality is not frst-class sellers
are without much advantage. Really fine and
for these holders ask former full rates with
much determination. No business made pub
lie to day.
THE SILVER MARKET-rHE UNITED STATES
TREASURY GoBBLING UP SMALL COINS.
Philadelphia Record, 2Ist.l
A pile of well-flled, strong canvas bags,
reaching to a height of over two feet, lay be-
hind one of the desks in the second story of
bag contained silver coins Similar piles
might have been seen every day in the week.
At ireouent Intervals between 10 O'Clock in the
morning and in the afternoon strong, mus
cular men toiled up the stairs to the office,
putting and perspiring beneath the weight OF
their load. Sometimes the bags were so large
that the united efforts of three or four men
were necessary to get the bag to its destination.
At the up. stairs office 1t was handed over 10
the care of Clerk Love- who added it to the
pile and gave a receipt. These scenes were
repeated hour after nour ana DAY AFTER DAY,
and are likely to continue for an indefinite
period.
ly passed by Congress authorizing the redemp-
ton Of fractional silver coins In lawful money
of the United States when presented In sums
appreciated in Philadelphia is shown by the
fact that the receipts at the local sub-treasury
have been larger than at any other office in
who have been unable to find an outlet for
their accumulations of small coins, jump at
the opportunity which is offered to them un-
der this law. Saturday last was the day upon
which 1t went into existence, and before noon
about $4,000 worth. Then followed a bank
with a similar amount. After this came the
Bank of North America with $4,000, weighing
ton and a quarter, but the Union National
capped the climax with deposit OF sSU, 900.
which weighed over two tons: The total re-
about six TONS the depositors numbering 2i.
Some of them brought SO small a sum as SO.
On Monday half a score of local and suburban
banks sent in three and q half tons, or sl36, 40
On Tuesday half ton was offered for redemp-
ton, Wednesday a ton, and Thursday s2S. 500,
or nearly half million dollars.
The depositors however, do not get their
greenbacks when the silver Is handed over
Each bag has linen tag attached, bearing q
note of the amount it contains. A receipt for
bag goes into another room. -Four females,
| their arms barred to the elbows. turn out the
contents and commences the work Of counting
| tween dimes, quarter and half dollars, this is
necessarily q slow process. Beside this, each
in order to be certain that IL is not base metal
So far only few counterfeits have been de-
four clerks is $4,000 day, SO that unless the
| force Is considerably increased 1t Will take
s sns aTeadS receed and the bss OIL
tinue TO come in this week at the same rate,
they viii soon ind enough work to occupy
| many months. AS the count OF each bag is
| completed, the contents are made up In lots OF
| 81, 100 each, and stored awsy In the vaults OF
| fed that payment awaits him. According to
| the act of Congress, the fractional currency
STANDARD dollars Business men especially y,
| say that the redemption is great boon to
thena, as it VIII tend to relieve the market Of
| the excessive amount of small coinage which
| is now floating around. AS the banks have
made 1t a rule to refuse more than 500 worth
\ OF fractional coins at single time, large num-
beers of business houses have been compelled
| to lay away dimes and quarters to the extent
| of thousands of dollars, which they have been
absolutely unable to push on their customers
| Indfamapolfs Live stock Market.
UNION STOCK YARDS. June %.
Hogs-Receiprs, 1,5s0 head: shipments, ss
head. Light receipts and poor quality COM
bined caused q dull and dragging market
| The sales went to both shippers ana packers,
| generally to packers at % SOS 80. The supply
not equal to the demand. At tn close all
| were sold We quote:
Good to choice. ...........-..-....--.s . sos 9!
Common 70 falr 6005 q
Pigs and light Yorkers.. 50a8 q