Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-04-28
From the Cincinnati Price Current, April %.
Financial and Commercial Summary
for the 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 yet willing to 90 be
yond first class business paper. As the supply of
unemployed capital increases and the success of
the Government army continues, there is an liz
creased demand for the securities of the Govern
ment, and there is an active demand for the
3-l0th Treasury notes at over par. 1t is clear
that in no way can money be invested now, to pay
so large a net interest, as in these securities the
only drawback being the fear that an attempt
will be made by political party after the war,
to repudiate this Government debt and make
this issue a stepping stone to power and place.
! If 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 by the citizens of
the loyal States, has been shed to no purpose.
Righteousness exalteth'a nation, but sin is re-
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
SOLO per cent. for short, and l0@l2 per cent.
for long date. 1t is difficult to borrow money on
real estate at 10 per cent. The supply of ex-
change has been light and the market firm at "a
prem, the buying rate being par@l-l0 prem.
There has been quite an active demand for gold.
Cul6uN lIOlu Tie OuiO III dUllClDdllOD Ol
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 2 prem. selling rate and
/ u do buying rate. There is hardly any, what
is called, counter demand, for it.
BUYING. SELLING.
Gold .......... IL prem. = prem.
In uncurrent money there is an advance on
Wheeling City and two of the branches to l 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 SC, including 900 lbs. shoulders, packed in
fly-tght hhds., at 314 which is equal to &c loose
The weather in the forepart of the week was
quite warm, which stopped packing for the Liver
pool market; but since Sunday it 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 are more favorable than had been expected,
the Liverpool market being sustained better un-
der the unusual large receipts than bad been an
ticipated This renewed demand has been con-
fined to 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 so, and the latter at 714a715c, bat in
order to effect sales, mess pork would have to be
sold at SO and lard at 1a714c.
A moderate demand for bacon sides at 5 sc,
but none for shoulders which are offered at 331 c.
Bulk hams may be quoted at 4a414c, the latter
rate including packages. When cut in a shape
and cured in manner to silt the Liverpool mar
ket, they command 41sc, but none Of this kind
are to be had. Bulk shoulders are being ship
ped thence freely, packed in hy-tight hogsheads
and i'm dry salt. The consumptve demand for
American meat is good in England, but the de-
mand is chiefly speculative which is based on the
low prices, and the belief that prices at this side
will materially advance.
The demand for flour has been of the most
limited nature, and prices have been to great ex
tent nominal, buyers holding back for decline,
and owners, under the light receipts, not dis
posed to make such concessions as buyers de-
manded. Superfine has been offered at S4a4 10
and extra at 81 I5a4 90 but Yesterday, under the
news of reaction in New York, holders were
firmer and wanted 81 l0a4 Is for superfne, but
there was hardly anything done, not enough to
establish quotations.
Wheat declined to SSa90c for red and 93a95c
for white.
Corn in good demand at 32c, and the tendency
of prices was upward at the close.
Oats have been in good demand at 29a30c and
the market closed steady.
Whisky has fiuctuated some, as usual, under
the agtating cause growing out of the tax ques-
tion, but closed firm at lSc
Linseed oil declined to SIC. with sales. The
market is dull, but it is held at S6aS9c pretty
generally
In the grocery market tIiere is no especial
change, with the exception of molasses. which
has advanced to 42a43c. and it is scarce. Sugar
has met with good jobbing demand at Sa554c
Tor Cuba and 9a934c for Porto Rico. Coffee is
ouet and unchanoed