Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-03-06
From Cincinnati Price Current March 5th.
Financial and Com me re ial Su I'm mary
for the Past week.


From Cincinnati Price Current March 5th
Financial and Com me re ial Su I'm mary
for the Past week.
The wonderful achievements Of our troops du-
ring the past month have produced and entire
revolution in the hopes and feelings of all classes
in the loyal States, and have increased the conf
dence of the people ia the power and Perpetuity
OF our Government to degree never attained
before. The courage of our troops and the con-
quests of our arms will stand in bold relief on the
pages of history of the Western continent, and be
read by people vet unborn with wonder and al
mratiOn. We have within the last five weeks
captured or compelled the rebels TO evacuate five
OF their strongest positions, have completely de
moralized rebel force so 600 strong, retaken
territory equal in extent 10 Great Britain and
ireland, Holland and Belgium, and captured over
twenty thousand prisoners; and taken provisions,
and other munitions of war worth five mil
lions dollars, including what was destroyed. And
not only this, but have demonstrated 10 the world
that our people can lay down the implements of
industry and take up those OF war. and after
few months OF discipline perform deeds of valor
which will live in history and compare favorably
with those OF the veteran legions of Wellington
or the great Napoleon.
The demonstrations of power and indomitable
courage displayed by our troops will give the
United States prestige and position among the
nations OF the earth she never had before, and
will command the fear and respect of those by
whom We have heretofore been despised or de
rided
The continued success of our troops, together
with the passage of the Treasury note bill, which
is a law. have had most favorable inhu-
cnce upon finances aud commerce, and business
men feel hopeful and cheerful generally. The
demand for money has been fair, but the market
continues easy for good business paper at oal2
per cent
After the passage of the Treasury note bill, in
the fore part OF the week, Treasury notes went
up to- - premium in New York. This unsettled
the exchange market here, aud for day or two
bankers were anxious To sell at par
Toward the close, however. the rates declined
to par in New York, bu, such large amount
had been sent from the West pending the al
vance and the supply of exchange thus largely
increased, the market remained dull and il closed
heavy at par@1s prem. selling rates.
Gold has become Hat, having declined to "a
prem in New York. Ii is dull here at prem
selling aud do. buying rates. The bankers are
not paying over IN dis. Tor exchange on New
York.
We publish the important portion of the treas
ury note bill as il passed both Houses, in another
place IL authorizes,
L. To issue one hundred and fifty millions of
legal tender notes, but they are not receivable for
duties
, The notes are fundable at the pleasure of
the bearer into twenty-year six per cent stock,
redeemabe at the pleasure of the Government
alter live years.
3. That the Secretary of the Treasury may be
prepared to fund the notes and maintain the
treasury. he is authorized 10 issue five hundred
millions of six per cent stock, as above
4. All interest on Federal securities is to be
paid in specie. Should specie not accumulate
from imports in sufficient amounts to pay the in
terest, then the Secretary may sell stocks to the
best bidders for specie
D. The demand notes and all the one and two
year notes now outstanding, all of which are by
special acts receivable for all public dues, are
be Cancelled by the Secretary as fast as practi-
cable The legal tender notes can be re issued
AZ fast as they are received at the Government
offices.
8. The Secretary of the Treasury is authorized
to issue any denomination of legal tender notes
not less than five dollars 1t is understood that
lie will issue fyes, tens, twenties, iities, hun
dreds, five hundreds and thousasls.
All doubt as To Federal stocks including these
$40 Treasury notes, being exempt from taxa
ton is set at rest by the following clause in the
treasury note act just passed 10y Congress: And
all stocks, bonds and other securities Of the Uni
ted States held by individuals, corporations or
associations within the Urited States. shall
be exempt from taxation by any State or coun.
y.'
The weather has been exceedingly changeable
since our last Ii has been mild and springlike
with a regular thunder storm Saturday night.
cOmpaned by snow and sIeet and ON Monday
and yesterday it quite cold. with a high
wind.
In the general business of the city but few
changes have taken place of marked importance.
Flour has ruled very dull. the supply being large,
and the demand quite limited, and prices declined
25c. per bril- and closed nominal 1T the decline,
Superfne. 81 2)@I -, and extra, 81 800
4 40. Family, 81 80
Wheat declined largely and closed dull at SSa
SOC for red. and 95a9Sc for white. which is de
cline Of Zoe per bushel The advance in whisky
has increased the demand for corn. and prices adj
vanced lc per bushe Yesterday closing nj Sic.
Oats firm AT &c. Rye in fair demand at - 53c.
and strictly prime samples of barley at 65c for
spring, and zoe for fall; but interior OF either
kind i slow of sale, and there is a large amount
of such offering.
Whisky has huctuated largely under the pros
poets OF excise duty. and closes at zoe A
large demand is expected from the conquered
rebel territory. There has been an immense
quantity OF this article bought oa speculation
here and elsewhere, and is held by the purchasers
in anticipation OF a duty The stock in this city
Is not less than 1000 barrels.
The b Il reported to Congress places duty Of
l5c PER gallon but il j. difficult say neither this
will toe increased or dmnished in passing through
both Houses neither Is il certain that a tax will
not be levied that in store at a certain date af
ter the passage OF the bill
Butter is scarce as regards choice roll and lie
higher.
Green apples advanced 81 per barrel owing to
light supply
Dried apples in good demand and y cent
higher.
la groceries there has been a general dullness,
and coffee which has advanced To 22l, q 23c for
choice in New York, has been quite dull here all
the week and sales have been forced at l-3 "a
l9i &c for good prime, but the jobhing rates re-
main at 49, d22c
Sugar very dull an! lower. The demand is ex
tremely limited.
Hardly anything doing in molasses. The re
tail rates are 3o@4lc.
The demand for provisions has been limited
and irregular since our last. and prices are lower
The pork crop exceeds what had been expected.
and this neutralized the influence which the cap
ture of Nashville and the immediate prospect of
the opening of the Mississippi might have had.
Mess pork has been neglected, though offered
speculative demand has ceased.
Bulk pork declined 10 81 and 4s4 for shout
ders and sides. with very little demand for the
latter. but good one for the former at the quo
tatOn.