Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-03-13
DIscREDITED ILLINOIS,


Under the new bank law of Illinois, banks are
required to deposit Illinois State stocks as Sc
curity for their circulating notes, and to have
agencies for the redemption Of their bills either
at Chicago or Springfield, at the rate of three
quarters of one per cent. discount, until January
/, 1868, and onehalf of one per cent. after that
date Every bank of issue must keep bona
fde cash capital of $25 900 in its vaults, and no
bank shall be organized in any town having less
than l 900 inhabitants, unless such town be
county seat.
Business, in most departments, continues mod
erately active.
Flour, under the unfavorable news from Eng
land, has been easier to buy and at the close SUI
per6ne was offered freely at 81 so. The demand
has been quite light, and the stock is increasing.
There has been no important change in grain;
the demand has been fair for all kinds except
wheat, which declined about 4c. per bushel.
An active demand existed for whisky, and
prices advanced TO l516c.; but subsequently, the
market became very dull, and prices declined to
l4c. This demand was chiefly from the South,
and was stimulated by the duty imposed upon this
and other articles by the Provisional Government
Of the seeded States, upon all goods not pur-
chased before the lst Of this month The ship
ments to the South during the week reach 9 900
brls- In fact, during the last two days of the
month the demand exceeded the supply. Star
candles have been purchased to the extent of Is
600 boxes by Southern merchants, and for the
same cause as was whisky, and large amount OF
manufactured goods generally. We stated in our
last that candles and soap were to be charged "A
per cent. this was an error. Candles are Is per
cent. and soap "a per cent. ad raIorem.
In the grocery market there has not been
much change-the demand has been fair at full
prices.
-Molasses continues to be bought sparinsly, but
holders are irmer. under the advices from New
Orleans, where it has advanced &c per gallon
During the week sugar advanced there 1Ic on tho
lower, and &c on the higher grades. The ex
ports Of sugar during the week add up ISL hhds
Of coffee 1000 bags. and of molasses 1877 brls
The receipts of coffee quite large, and the
stock is increasing. 1t will be seen by referring
to our tables, that there is increase in the ex
ports Of sugar and molasses the present as com
pared with the previous season.
The market for clover seed closes very dull
and the outside rate offered for prime in bbls a
the close, was S. Timothy dull at 81 1902 so
The demand for both is far behind that of las
season.
The demand for provisions during the week ha
been fair. but not active. Holders, however
kepe in advance of the views of buyers, and die
not meet the demand freely; which tended I,
circumscribe business to some extent Towar
the close of the week, the demand fell off some
and the market closed dull; and yesterday som
outside lots of bacon and bulk pork were pickle,
up at easier prices, though holders, general
speaking, displayed great frmness, asking 81
oil 25 for mess pork, and for first class cit
brands Sl7 so has been demanded the create
portion of the week and about 1000 brls. countr
packed, equal to the buyers as if delivered here
sold at Sl7. Rump may be quoted at Sll@l2
according to quality Bacon advanced 1@15c
with a fair though not active demand, up I
Monday, when the market gave evidence of dull
ness, and closed heavy at 71Ic, 91sc, l0c, an
l016c for shoulders, sides, clear rib and clea
sides, which were the asking rates at the close
buyers contending for slight concession yestel
day; and the demand having fallen off some
holders made a concession of &c in order to sell
The market closed quite heavy.
The sales of bulk pork add up 900 900 lbs,
61<@6Kc for shoulders. s56@s16c for side
9l5c for clear sides; closing dull-these being III
rates asked only at the close.
Lard has ruled dull all the week, and the do
mand limited. Prime city is held at 81 s@lO14,
in tierces and kegs, but the demand, at &c. b,
low these rates, is extremely limited. 1t will
perceived by referring to our tables, that the e,
ports of this article greatly exceed those of la
season, being 81 900 brls. and tcs this seasc
against 5000 last season, up to the LIST instan
and large portion of this shipped direct
Liverpool
Linseed oil has advanced to Sc, and at Il
close holders asked 60c This is owing to an in
portant advance in New York, growing out
a speculative demand, induced by the fact tn
the new tariff law places duty Of Ice. per bush
on iinseed, which, under the old law, was admit.
free.