Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-04-24
From the Cincinnati Price Current, April %.
Financial and Commercial Summary
f0rihc Past week.

The great abundance of money continues and
the supply Is increasing, without any increase in
the demand for it, from sources satisfactory to
capitalists who are not as vet willing to go be-
yond first class business paper. As the supply of
unemployed capital increases and the success OF
the Government army continues, there is an III
creased demand for the securities of the Govern
ment. and there is active demand for the
I 3-lOth Treasury notes at over par 1t is clear
that in no way can money be invested now to paw
so large net interest, as in these securities, the
only draw back beng the fear that attempt
will be made by political party after the war,
to reDudiate this Government debt, and make
this issue stepping stone to power and place.
II the American people will thus permit them
selves to be used by any faction, then has
this great war been IN vain, and the blood which
has been poured out profusely 10y the citizens of
the loyal States has been shed to no purpose
Righteousness exalteth a nation, but sin is IA
proach to any people," should be the motto OF
our Government always, for upon no other foun-
dation can it stand to be prosperous and perma-
nent. FIrst-class business paper we quote at
edl0 per cent. for short and lO@l2 per cent.
for long date. 1t is difficult to borrow money on
real estate ut 10 per cent. The supply of ex-
change has been light and the market firm at "a
prem, the buying rate being par@l-lO prem.
There has been quite an active demand for gold.
chiefly from the Ohio Banks, in anticipation of
the amount they will need TO furnish the State
Government to pay its July interest, this being
one OF the conditions of the law permitting them
To suspend specie payment. The market there
fore has ruled firm at prem- selling and
l y do buying rate. There is hardly any, what
is called, counter demand, for it.
BUYING. SELLING
New ork.. .............. par "A prem
Cola ...........I1a prem. , prem.
In uncurrent money there is an advance on
Wheeling City and two of the branches to dis
count
The demand for all articles in the provision
line has been quite limited, and the sales small
comparatively until Monday, when brisk de-
mand arose again for bulk sides from the English
packers, and on Monday evening and yesterday
the sales were over "A million and a half pounds,
at &c, including 300 900 lbs. shoulders, packed in
Twilight hhds, at ga which is equal to Sc loose
The weather in the forepart of the week
quite warm, which stopped packing for the Liver
pool market; but since Sunday il has been quite
cool and favorable for the business, and this is
one cause of the increased demand, though not
the only cause The private advices by the Can
ada more favorable tlen had been expected,
the Liverpool market being sustained better un-
der the unusual large receipts than had been an
ticipated. This renewed demand has been con
fined 10 bulk sides and shoulders, chiefly the for
mer There has been nothing done in mess pork
or lard OF consequence; the former Is offered at
so 25al0 90 and the latter at 4 4a7lac bat in
order to effect sales, mess pork would have to be
sold AT so and lard at IaIl4c.
4 moderate demand for bacon sides at Sic,
but for shoulders, which offered at - &C.
Bulk hams may be quoted al 4a4 &c, the latter
rate including packages. When cut in shape
and cured in a manner to silt the Liverpool mar
ket, they command lie, but none Of this kind
are to be had. Bulk shoulders are being ship
ped thence freely, packed in fly tight hogsheads
and in dry salt. The consumptIve demand for
American meat is good in England. but the de
mAnd is chiefly speculative, which i based on the
low prices, and the belief that prices at this eide
will materially advance
The demand for -four has been of the most
limited nature and prices have been to n great ex
tent nominal, buyers holding back for a decline.
and owners. under the light receipts, not dis
posed to make such concessions BUYERS de
mamded. Superhne has been offered al S1a4 10
and extra at 81 l5.4 20. but Yesterday, under the
news of reaction in New York, holders were
frmer and wanted 81 l0ai ID for superhne. but
there hardly anything done, not enough TO
establish quotations.
Wheat declined to osa90c for red and 93a95c
tor white
Corn in good demand at 32c. and the tendency
OF prices was upward at the close.
Oats have been in good demand at 29a3Oc and
the market closed steady.
Whisky has Auctuated some. as usual, under
the asitating cause growing out of the tax ques-
ton. but closed firm at Ice.
Linseei oil declined to SIC. with sales. The
market i dull, but it Is held at ooac9c pretty
generally.
In the grocery market there Is no especial
change. with the exception OF molasses. which
has advanced TO 42a43c, and 1t Is scarce. Sugar
has met with good obbing demand at eae5zc
for Cuba and 9a9s4c for Porto Rico. Coffee Is
quiet and unchanged.