Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-03-20
From the Cincnnat Price Current, March 10.
Finance - \ and Commc rciai Summa ~
for the Past Week.

- y
for the Past Week.
Gold is declining and public securities of all
kinds advancing, particularly those of the Gov
eminent.
The demand for money continues quite light,
aud the market remains easy for good business
paper at eal0 per cent for 30 to 90 day and II
per cent. for 90 day. Second and third class
paper is negotiated with difficulty, heretofore.
and only at high and irregular rates.
The demand for exchange has been about
equal to the supply, and the market ruled firm at
par buying and prem. selling and at the close
the tendency was upward, owing to an increased
demand, and "a prem was obtained and = 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 declined to q prem
buying and q do selling rate.
License has not yet been granted to any one to
trade with the districts of country which had
been in insurrectiOn, but will soon now be issued
by the Secretary OF the Treasury we understand
About fity applications have been placed on file
in the office of the Collector at this port. The
prospects are not nitterng for much trade at
present, anG understand that goods shipped
from ST. LOUIS under the order aud by permission
of Gen. Htleck found slow-stle at Nashville
and had to be sold at Il 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 communi-
ties, feel very much like outcasts from another
planet, not knowing whether they fell OH 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 well known fact that the quantity OF gold
or silver in the hands OF the people of the South
never was large. thet are 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 aud 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 quoted down to some
extent.
The tax bill is now before the House and is
being remodeed To some extent the mistakes and
incongruities are being detected The clause
taxing -four has been very properly stricken out
as il was seen that il would have completely
Frustrated the milling interest; and if drawback
is not given on foreign shipments of alcohol, the
duty on whisky will have a similar effect on the
distilling business. The tax proposed to be laid
on the newspaper business would have ruined it,
but this also has been changed.
The general business of the city is good and is
improving: there Is more hopefulness and conf
dence i'm all departments, and our business pros
poets grow brighter. In the forepart of the week
the market continued dull for provisions, and
there very little done. buyers contending for
n decline Friday and Saturday holders made
concessions with an increased desire To sell, and
bulk meat was sold at &c for shoulders, and 4l5c
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, 900 HIS. 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 $40 900 lbs hams and sides pre-
pared for the English market. at Terre Haute
Indiana, at nc for Cumberland cut sides and 81 &C
for long mildles packed in boxes and delivered
at Terre Haute, and - * for hams packed in
boxes and delivered at New York; also 700 900
lbs bulk meats at &c for shoulders and 1870 for
sides packed and delivered ut Chicago.
There were sales of city mess pork at Sll , and
of country at $40 10. This demand stiffened the
views of holders. and at Mondays market all ar
tices were held higher, but this checked the de
mand, buyers refusing to pay any advance; and
this being the case AT yesterdays markets, there
was AN 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 $40 15all tor mess pork, there being
more sellers than BUYERS of city at the latter rate
81 al &c for sides, and &c for hams; 80 ,00U
+ los shoulders sold at Ice. and 90 900 do sides
I nj 5c. Bacon has been very dull and is offer
Ell freely a,5s4 81 and 81 for shoulders, sides
and clear sides A good jobbing demand for
sugar cured hams M 6i,aIc for uncanvased, and
7a7lsc for canvased The demand for lard has
been good, and the manufacturers have been
taking head and gut at 6, c and prime has been
in demand for shipment at 67sa7c. The sales
during the week add up 500 Grs. and terces
Prime city has not been offered freely at &c. il
being generally held at lsc higher Reg sold to
the extent OF , 800 kegs at 7laa73 4c-the latter
is the rate asked for prime city.
Rump pork NAV be quoted at Sc 50a7 80 &C
coring to quality aad prime at s. %.
The demand tor -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 ofierel
at 81 25A4 so. Extra sells ut 81 40a4 ~. aud
family At 81 50 The news by the last steamer
which publish in anotherplace. renders an i'm
pOrtdnt decline in this article inevitable The
active speculative demand for whisky induces
large demand for corn from diStiliers, and price.
advanced To Soc Rye and shipstuiis are also IL
good demand for the same reason. and price
higher. The speculative demand for whisky con
tnueS, and the prices went up 10 pc and d0wr
. lJc. neSe prices are paving ui>tliiefs largely
and the quantity being made Is greatly in exces.
of last season. The amount held hy Spectator:
must be very large. and Is rapidly increasing. al
the Manufacture OF alcohol has fallen of.
The market for naval stores Is very unsettled
and anything like accurate quotations cannot b'
given. Spirits OF turpentine sent up from Nash
vile sold At 81. but subsequently sales ere made
AZ 81 50 The jobbns rates may be called 81 :.
Il so at the close. but tie news of the cap,ur'
OF NeNbern will no doubt still more uuSettle TIT
market
We avoid giving quotations for tar. pitch o.
+ roSin.
Cheese has been in good demand. and prices
are isc higher The market Is nov suppleS
chiefly with y CIV York State cheese. The los
price of this article produce large cOnSumpuv'
demand for il ia England, and although the re
cepts of Uai,ei States cheese At Liverpool wer'
$1,000 boxes greater from the Is, OF last OctObe
than they were the corresponding term the previ
Gus season. the market closed buoyant for II a
the last adVices from there. and the me may b.
SAID OF United States butter.
La the grocery market there has been no change
The demand from the city and country grocer
has been fair, and prices ruled steady.
The Government HIS taken a good deal o
coffee, some OF our grocers being awarded con
tracts for about 1000 bag within the week. n