Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-12-23
From the Cincinnati Price Current, Dec. Is.
Financial and Comme rc5al Sum mary
for the Past week.


The news brought from England BY the Euro
pa, which arrived at Halifax on last Sunday, and
by the Washington, which passed Cape Race the
same day, has greatly disturbed the public mind
and unsettled the commercial and financial affairs
of the country very generally. The news brought
by these arrivals is that the British Government
has decided that the seizure Of Mason and Slidell
on board the mail steamer Trent was violation
of the British flag, and that special messenger
had been sent BY the Europa bearing dispatches
to Lord Lyons, the British Minister at Washing
ton, demanding an apology and the unconditional
surrender Of those individuals. The response Of
the American people to this is il we have viola
ted the law of nations in this case, by all means
let ample apology be made and the men given up;
but, il not, no apology whatever, though the de-
mand made by England with all Europe at
her back. The honor and dignity Of our nation
cannot be compromised or prostituted to concil-
ate any other nation upon earth, and will not
The English papers admit that We have law on
our side, but say this law is obsolete 1t is sin
gular that they should admit such miserable soph-
stry into their columns. The denunciations
made in Liverpool show how keenly the loss of
cotton is felt by the manufacturing interests, and
how bitter the feeling has grown against the u nj
ted States, not only on their part, but among the
English aristocracy.
In view of existing circumstances capitalists
feel cautious, and disposed to withdraw, wait
ing further developments. 1t is hoped British
rulers are not so foolish as the London papers
represent them, and that the dispatches sent to
Lord Lyons are not of the character indicated.
fStocks, however, declined per cent in New
Y ork On Monday, under the news, and the money
market became unsettled. Sterling exchange
went up to no. We may expect great fuctua-
tons in money matters for some time now, pend
ing the negotiations growing out of this matter.
Great events are accumulating upon US.
Exchange ruled dull throughout the week, and
the ruling rate. "a prem, has been but feebly
sustained The market. however. was a shade
quite light. though should the indications of a
war with England become strong, the demand
for it will increase. We quote:
New York. ....~.... par. l5@25 prem.
Cold. y prem. 1s@% prem.
The notes of the Southern Bank of Kentucky
issued at Russellville, have been thrown out by
our bankers, and are shaved to the extent of 10
per cent. Russellville is within the rebel terri
tory and an attempt was made by the managers
of the bank at that place TO send large amount
of its funds to London, England. for the purpose.
as is supposed. of using them for the purchase of
war material for the rebels; but special act of
the Kentucky Legislature stopped this.
The weather has been remarkably pleasant,
more like that of October than December. II
has been cool enough for pork packing, there be
ing a white frost each night, but the temperature
in the day time ranged IRON thirty eight to forty
FIVE degrees.
The receipts of hogs have been light and the
demand fully equally to them, so that prices have
ruled firm and shade higher than they were at
the close of the last summary; but the English
news unsettled the market good deal on Mon
day and packers withdrew to great extent to
wait further Developments.
Yesterday the market was greatly depressed.
and but little demand. though drovers offered to
did not induce buyers TO come forward to any ex-
tent, and the market closed heavy at SO 1903
25. The sales we're