The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1879-07-16

position. In few cases there in a talk of
WEAKNESS, but operators who have trans
claiming fair advance, as before noted, and
quite positive degree OF firmness on all really
good and we hear of further sales todsy 0o OF
2i0o bags savanilla and 200 do Costa RIGA at
feeling extant
The whe.t Harvest. ,esl -
All Information goes to confirm the early
reports OF the marvellous yield of wheat
throughout the territory tributary to Indian
apons. MI. watson, agent Hoosac Tunnel
line, Just returned from weeks trip over the
l: and st. Z. road, says the farmers are amazed
that single field failed from any cause while
30 to 40 bushels per acre is common, and some
line Of the road to st. Louis, being the first
aoundant harvest of any grain on that road
for years.
The British Money Market,
London Economist, June ISL
Six months of the IL have now passed, and
but little change has taken place in the gen.
eral character of business since the commence
ing, extremely easy, but this arises from the
absence OF anything like real inquiry. The
slight demand of a short time since has proved
utterly hollow. Money, as the rates quoted in
our city article show, is also very abundant
both on the continent and in America, but
this abundance is based in the main on the
same grounds which cause our own market to
be flooded with what, for the moment, can not
well be en- ployed with advantage. 1t is not a
proof of wealth, but, on the contrary, o. the
absence of that business activity which leads
to wealth. AT times signs which have been
but too transient have appeared to give prom
Use of better things. Thus the exports of home
productions for the month of May in this year
compare favorably with those of the CORE
| spending month OF 1873. The difference was
| little more than per cent. on the total
values; but, coming after period of long con-
| tinued diminution, any increase in our ex-
| ports deserve notice. As any improvement in
this connection must necessarily be gradual,
| we note the change without attempting to
| build on it. Depression of trade is not con-
fined to one country alone.
Exchanging Coin for Bank Bills.
Cincinnati Commercially
Since the law authorizing the redemption oil
| standard dollars and subsidiary and minor
| coins went into effect three weeks ago, up
| ward of 100000 worth of coins have been ex-
changed at the treasurer's office in this city
| for bank bills. The coin still coming In
| quite as rapidly as on the first days, and
Treasurer Stem anticipates that 1t will con-
| tnue to come in in large amounts for some
time to come. 1t comes principally from con-
| Germs which have boarded large amounts OF
| coin, such as banks, postoffices, railroad com
panles, etc. Large amounts have been re
| ceived from Dayton, Columbus, Cleveland
| Detroit, Jacksonville, Evansville, Louisville
| Lexington and other cities within the same
| radius. One lot of sll 600 was received from
| standard dollars are coming in more rapid,
| than he can pay them out. BE anticipates
that in the course of a few weeks or months
| reaction will set in, and portion of the silve
| which is now coming in will be again absorb
| ed by the country. No disposition is being
| made of that which is being redeemed excep
that of piling it up In the vaults.