Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-04-07
From Cincinnati Price Current April 2.
Financial and Commercial Summary
for the PAST Nv eek.

for the Past Week.
The demand for money continues on a most
limited scale, and the difficulty of making safe
and satisfactory investments of capital continues
unabated as nothing but first class security,
where the prospect of prompt payment is beyond
reasonable doubt, is acceptable. and hence it is
that the field for investment has been greatly
crcumscribed. Strictly first class business paper
is taken at 6al0 and that less strictly so l0al2
per cent, and the offerings of all quite light.
Second and third class paper is neglected, though
obtainatle at 1lsa2 per cent per month.
The demand for exchange has been moderate,
and the market ruled steady throughout the week
at par buying and d prem. selling rates.
Gold dull, but held firmly at 5za1 prem. buy
ing and l16a2 prem. selling. There is hardly
any demand however. In New York it is firm
at l34a2 prem. We quote:
Buying. Selling
Gold. .......... Sl@I prem. 11S@2 prem.
The Secretary of the Treasury has given per-
mission for trade to be opened with all sections
of the insurrectionary States now under the CON-
plete control of our arms, only with such restric-
tions as are necessary to prevent supplies reach
ing the rebel lines.
The demand treasury notes are becoming quite
scarce, the banks and others boarding them. Our
currency is of mixed character, Kentucky, Indi-
ana. New England and New York State money,
but. chiefly Ohio, which is skept moving" by the
bankers, in anticipation of 1t being placed on the
uncurrent money list, should the banks refuse to
redeem their notes in exchange or the Govern
ment demand notes.
The managers of the State Board of Control
say that the various banks must redeem in such
manner shall be satisfactory, and no other
policy is contemplated. That banks which have
suspended specie payment in a legal way should
be asked to redeem seems absurd, but the money
dealers and others, whilst they are forced to ad-
NIT this, claim that there ought to be a more &C
commodating spirit displayed by the Ohio bank
ers
The general business of the city has been mod
erately active, but the volume of business doing
is much less than is usual at this season. The alb
sence of Louisiana sugar and molasses greatly
diminishes the grocery trade, yet there is more
doing than had been expected.
Under favorable adyices from Liverpool, quite
an active trade has been done in bulk sides and
lard, and prices are higher, the market closing
rather buoyant.
There has also been good business done in
bulk shoulders, in part for shipment to Liverpool
and the market closes firm. the rates for all be-
ing: shoulders &c, sides 41S@45sc and lard 71SS
@71lc, holders asking 1s(111c higher.
Mess pork has been neglected and the demand
trfing at Sl0al0 25, the latter rate for inside
city brands
Bacon has also been dull aud the sales small at
$3.50 and 5a6c for shoulders, sides and clear
sides.
Sugar cured hams 618a7518c and in fair de
mand
Keg lard 73<aec.
Rump pork S6a7, according to quality.
The demand for American meat in Liverpool
at the last advices continued active and in the
main speculative, Notwithstanding the large re-
ceipts. over six million pounds having been re-
ceived there during the week ending the 18th
ult There was also large demand for lard.
Based upon these advices dealers at this side are
buying sides in bulk, and packing them in boxes
on a large SCALE and shoulders and hams to fair
extent, and this is leading to exports thence of
such magnitude that with all previous movements
of the article there is nothing approaching to
them. Private letters from England say that
the consumption is very large; but, Dotwithstand-
ing this, there can be no doubt that the stocks
are rapidly increasing, and there is vastly more
danger of an over supply of bacon and gl=t of
the market for it. than there is of lard, because
the markets Of the world are open to the latter,
and the low price will insure sale for it, not so
as regards bacon.
Flour has been extremely dull, and the demand
local, prices ruling in favor of buyers, superfne
closing at S4 20a4 25 Wheat declined &c.
OOiH, nyc, anu DdIlcg unCDauScu. Odbs au-
vanced to 29c.
Whisky has been quite buoyant under assuran-
ces from Washington that the amendment taxing
stocks on hand would be rejected, and the price
advanced to 19c Yesterday, however, under
the news from New York, it declined &c, and
closed at l7c Specializing upon what Congress
will do, has proved an exceedingly uncertain
basis.
Linseed oil is buoyant, and is held at 9Oc with
buyers at SIC, and some sales were made at this
rate on Monday, but it has been difficult to buy
any below 90c the last two or three days of the
week. Nails are in light supply, and have fur
ther advanced l0c per keg. Dry hides in active
demand and lc higher. Cloverseed, after hav-
ing advanced to S. 25, again fell back to S.,
closing dull.
Timothy would not bring over 81 70al75 on
arrival, and is retailing at 81 e0a 80.
In the grocery market there is a fair jobbing
business doing, and sugar and molasses
shade higher. but coffee is dull and bought very
sparingly. Refined sugar is nc higher, having
advanced 34a15c in the East