Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-03-24
WHOLE No. 1,185.
From the Cincinnati Price Current, March ls
Financial and Commercial Summary
TOR tho Pnst week.


From the Cincinnati Price Current, March 10
Financial and Commercial summary
tor the Past week.
Gold is declining, and public securities of all
kinds advancing, particularly those of the Gov
ernment.
The demand for money conti,snes quite light,
and the market remains easy for good business
paper at sal0 per cent. for 80 to 6O day and IL
per cent. for 80 day. Second and third class
paper is negotiated with difficulty, as heretofore
and only at high and irregular rates.
The demand for exchange has been about
equal to the supply, and the market ruled trm at
par buying and Il prem. selling; and at the close
the tendency was upward, owing to an increased
demand, and II prem. was obtained, and Is prem
paid in some cases. No permanent advance can
be established however, while we have a uniform
currency. Gold is very dull, and hardly any de-
mand for it, and rates further declinedto "a prem
buying and u do selling rate.
License has not vet been granted to any one TO
trade with the districts of country which had
been in nsurrection, but will soon now be issued
by the Secretary OF the Treasury, we understand
About fifty applications have been placed on nle
in the Office of the Collector at this port The
prospects are not fattering for much trade at
present, and we understand that goods shipped
from ST. LOUIS under the order and by permission
of Gen. Haileck found slow sale at Nashville.
and had to be sold at a loss. The people OF the
rebel States, after they come under the rule Of
law and order and the invincible legions OF the
United States, will. as individuals or comnuni-
ties, feel very much like outcasts from another
planet, not knowing whether they fell on their
heads or feet, or that they really need anything
for some time.
Money they have none of consequence, be-
cause the great bulk of real money they had has
been sent away to Europe to purchase arms and
munitions of war, and TO the North TO buy food
1t is a well known fact that the quantity of gold
or silver in the hands of the people of the South
never was large, as they generally an agricul-
tural people and their business was done through
their factors and all on credit, and the latter
made their exchanges through the North. so that
their cotton and other crops must first be brought
to market before any trading can be done; and
not only this but the bitter feeling which now
evidently exists must be quieted down to some
extent
The tax bill is now before the House and is
being remodeled to some extent; the mistakes aud
incongruities are being detected. The clause
taxing -four has been very properly stricken out,
as it was seen that it would have completely
prostrated the milling interest; and if a drawback
is not given on foreign shipments of alcohol, the
duty on whisky will have similar effect on the
distilling business. The tax proposed to be laid
on the newspaper business would have ruined il,
but this also has been changed.
The general business Of the city is good and is
improving; there is more hopefulness and conf
dence in all departments, and our business pros
poets grow brighter. In the iorepart of the week
the market coEtin ued dull for provisions, and
there was very little done. buyers contending for
a decline Friday and Saturday holders made
concessions with an increased desire to seD, and
bulk meat was sold at &c for shoulders, and A. &c
for sides. and 4c for hams, and at these rates buy
ers came forward quite freely, and the sales du-
ring the two days reached $500, 600 lbs. at the
quotations, chiefly sides, which were taken for
shipment to Liverpool, together with some hams.
The shoulders were taken for the East, including
Pittsburg and Western Pennsylvania. Included
in the sales were 900 900 lbs hams and sides pre-
pared for the English market, at Terre Haute,
Indiana, at sc for Cumberland cut sides and Size
for long middles packed in boxes and delivered
at Terre Haute, and s. IS for hams, packed in
boxes and delivered at New York; also 700 600
lbs bulk meats at &c for shoulders and 45zc for
sides. packed and delivered at Chicago.
There were sales of city mess pork at Sll, and
of country at $40 IS. This demand stiffened the
views of holders. and at Mondays market all
ticles were held higher. but this checked the de-
mand, buyers refusing to pay any advance; and
this being the case at yesterdays markets, there
easier feeling on the part of holders, and
a disposition displayed TO meet buyers; there was
not much done. however, and the market closed
tame at SO 75al1 for mess pork, there being
more sellers than buyers of city at the latter rate
-31ka415c for sides. and &c for hams; so 900
lbs shoulders sold at l-l6c. ana 10000 do sides
at 415c. Bacon has been very dull, and is offer
ed freely at331 5L and Sic for shoulders, sides
and clear sides. A good jobbing demand for
sugar cured hams at 6l5a7c for uncanvssed, and
7a7lsc for canvased The demand for lard has
been good, and the manufacturers have been
taking head and gut at 63zc and prime has been
in demand for shipment at 6zsa7c. The sales
during the week add up $500 brls and tierces.
Prime city has not been offered freely at &c. it
being generally held at 1sc higher. Keg sold to
the extent of $500 kegs at 71sa754c-the latter
is the rate asked for prime city.
Rump pork may be quoted at $6 50a7 30 ac-
cording to quality. and prime at SS 25.
The demand for -four has been local, but the
receipts have been moderate, and the city bakers,
who have large Government contracts for army
bread. have been buying all the super6ne offered
at 81 25a4 go Extra sells at "a 40a4 45, and
family at 81 80. The news by the last steamer,
which we publish in aaotherplace. renders an i'm
portant decline in this article inevitable The
active speculative demand for whisky induces a
large demand for corn from distillers, and prices
advanced to 36c. Rye and shipstuffs are also in
good demand for the same reason. and prices
higher. The speculative demand for whisky con-
tnucS ana the prices went up ID zOc ana DOWN
l9c These prices are paying distlers largely.
and the quantity being made is greatly in excess
of last season. The amount held by SPECTATORS
must be very large, and is rapidly increasing, as
the manufacture of alcohol has fallen of.
The market for naval stores is very unsettled,
and anything like accurate quotations cannot be-
given. Spirits of tuspentine sent up from Nash
vile sold at 81, but subsequently sales were made
at 81 80. The jobbng rates may be called 81 70
al 80 at the close. but the news of the capture
of Newben will no doubt still more uDsettle the
market.
We avoid giving quotations for tar, pitch or
rosin.
Cheese has been in good demand, and prices
are &c higher The market is now supplied
chiefly with New York State cheese. The low
price of this article produced large consumptiye
demand for il in England, and although the re-
cepts of Uuited States cheese at Liverpool were
$4,000 boxes greater from the lst of last October
than they were the corresponding term the previ-
Gus season, the market closed buoyant for il at
the last advces from there. and the 50 me may be
said of United States butter.
In the grocery market there has been no change
The demand from the city and country grocers
has been fair, and prices ruled steady.
The Government has taken a good deal Of
coffee some of our grocers being awarded con-
tracts for about 1000 bags within the week In
the large way coffee sells at 193 a2lc, but In the
small way 20a2l &c, and in somd cases very
choice brings 22c.
Molasses NAV be auoted at 35a40c.
Sugar. e1za9c for Cuba. 9a9lzc for Porto Ri
co. and 91sa93zc for New Orleans