Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-12-18
WHOLE NO. LII.
-, Prom the c'ncinnsri Price current, Dee n.
Financial and Commercial sam mary
for the Past Week

Financial and Commercial Summary
for the Past Week.
A moderate activity continues 70 prevail in
the money market, but the supply Of capital is
largely in excess of the demand, and the market
therefore very easy at I0Ql2 per cent for accept
able sixty day paper. CuTeacy continues very
abundant and embraces a large proportion Of
United States Treasury Notes, which are regard
ed with especial favor. and circulate with gen
eral freedom exceeding that Of any other bank
paper. The demand for exchange has been only
moderate, and the market has ruled quiet and
steady all the week. We continue our last quo
tations:
- -, fsr.lfsfs Buying Selling.
Gold ........... y prem. SO 4 prem.
The meeting Of Congress and the reports Of
the President and members Of his Cabinet, have
been the great events in the financial and com
mercial circles the past week. The manner in
which the President alluded TO our relations with
England caused good deal Of discussion, and
depressed the market for public securities; but
this was temporary. The conflict between the
President and Secretary of War, in which the
former compelled the latter TO modify the part of
his report relating to the con6scation Of slaves.
gave rise TO various surmses and speculatiOns re-
gariing the discord in the councils of the Govern
ment.
The report of the Secretary Of the Treasury,
in which he recommends an increased duty on
coffee, tea and sugar, and explains the means used
obtain loans to meet the demands of the Govern
ment. and how largely the actual expenses so far
have exceeded his estimates made in July, as
well as how much the receipts from revenues
have fallen short Of what he then expected-is
very important document, and has been looked
for with great anxiety. Mr.. Chase foreshadOws
n National currency, and there is no doubt mat
tiers will drift into this eventually, and that it
viii displace all other paper currency. If this war
cnotinues wears more he estimates that the Ma
tiona debt will be swelled to nine hundred mil
lions of dollars
New York has been good deal agitated du-
ring the week. The following wsTe the current
rates for Federal and State securities there last
week:
u $. Currency, payable in New YOrk.--..-.- par
do do do Boston and Phladelphia. \ dis.
do do do Cincinnati and ST. LOUIS. 4 dis.
slO per cent Notes in .I blank ?, [ di'
dorsed. ..--..-. 1k9l dis.
Six per cent. Notes. ........................ dis.
10, IL and II per Notes para pre-
In all cases, with Treasury Notes, the ae-
crued interest goes to the seller
Us. s's Of 1871, Jan: coupon On.-........-s3 9ssH
do do registered, ex Jan int Ss1s G90
do SIS Of 1851 and "a JAM coupon On.---.--S2 8s3
Short u. s. 6's sell at rates which pay on the
cost ~ as per cent. per annum.
The weather became very warm early in the
week. and so mild that pork packing has been
suspended since Saturday. The thermometer in
the daytime has ranged from IS to 20, with a
damp and sultry atmosphere, Monday and yester-
day. This has diminished the receipts of hogs,
and caused great accumulation in the pens, but
drovers have not pressed the market, nor submit
ted to any decline; indeed, packers have bought
with great freedom for present delivery, whilst
the weather was suitable for packing. and for fu-
ture delivery when it became too warm, and the
market has ruled firm throughout, prices not hav-
ing undergone any change worthy Of note.
Yesterday the weather continued warm and
sultry, rendering packing out Of the question.
and there was more disposition TO sell and less to
buy, so that the feeling was quite heavy and the
ssles confined to 23O, averaging 225 lbs, at
50 80, and 250, averaging $50 lbs, at 50 40-all
to be delivered when the weather becomes favor
able for packing.
The number in the pens is now quite large
and must continue to increase while the present
weather lasts.
The receipts for the past week are...... 1850
Previously reported. ACKNOWLEDGEMENT .l09, ,0l6
Total this season. n.............-...l52.6c SEQ
The indication of an attempt being about TO
be made to open the Mississippi has made very
general impression upon the minds of the people
of the West, that this will soon be done. and
consequently, that should il take place, sudden
Use IN pork NOulQ De lOe lhme0lale result ule
has made farmers indsposed to accept the pres
ent prices, and inclined to hold on to see what
the Western army will do, and this waiting will
protract the packing season on TO February, no
doubt Should our forces succeed in reaching
Memphis, or even in taking Columbus, there can
be no doubt, we think, that a speculative demand
would arise for pork, which would put up the
price one dollar per GENITAL and perhaps higher,
but should an attempt to pass down the Missis-
fail rnstlI ho IN
price. within reasonable bounds, for without the
Southern market for il there would be great diff
fcuty in disposing of the surplus, in any market
in the world where the article is saleabe even at
an extreme low range of prices.
Prices have been rather higher in New York
for hogs than those current in this Market so far
the great tide of them has been to that market,
and the various RAILWAYS are crowded with them
destined for that and other Eastern markets, but
even should 100000 head be taken thence, the
number left in the west would be say two mil
lion.
The demand for lard from the candle makers
and to send abroad has been so active that it has
induced desire to make all the lard possible. as
we have heretofore noticed, and the estimates now
general that an average Of 50 lbs per hog will
be made. This win swell the product Of lard TO
lbs 900 600 lbs
Packing has but barely commenced at the pack
ing points in the West. and even there is great
indecison displayed by packers, and in most cases
the packing is being done on the account of own
ers but all accounts represent the country full Of
hogs of the best quality.
Grocery and dry goods dealers have been buy
ing pork on speculation the last week, and we
may add for some time previously, owing to
the comparatively low price, and as they have a
large amount Of idle funds, particularly the gro
GERS, which they will not want to use until the
Southern trade is resumed, they reason that when
this takes place pork will be much better than
money in bank, as it will advance 81 to 50 per
barrel, and fully 5000 barrels have been bought
on the spot and for future delivery at 50 so. All
TO be had was taken on Monday and yesterday at
this rate.
Packers are generally refusing to sell for fu-
ture delivery, so that until the weather changes
so that more Gag be packed. there viii not be
much more done.
Green meats sold well, until the weather be-
came too warm. at 214c for shoulders, 16d3s4c
for hams, and ga for sides, but there nothing
done the last three days except for future delv
cry. and only a few triaing sales even in that
way. Af
The demand for lard became less pressing, and
prices declined 10 7@71sc, the latter rate for
strictly prime Holders. however, have asked
1Sc higher.
Nothing done in bacon except what is being
sold to the Government; but as the demand from
that source has been good. and promises 10 con-
sinue so. holders expect to sell all they have in
tins way, realizing SOS for sides and 53zc for
clear sides 80 &.
There has been continued active demand for
the lower grades Of lard-butchers bringing Sc
without packages, and head and gut 81 06tzc
in packages.
Flour and grain have presented but little wor
thy of note
Whisky ruled frmer, and is higher.
Coffee has been very unsettled, and prices are
fully cent higher. making an advance Of cents
the past two weeks. This sdvance is based in