Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-04-03
From Cincinnati Price Current April g
Financial and Conn q al n y
for the Past Week.


The demand for money continues a most
limited scale, and the difficulty of making safe
and satisfactory investments of capital continues
undated 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
circumscrbed. Strictly first class business paper
is taken at salU and that less strictly so l0al2
per cent. and the offerings of all quite light.
Second and third class paper is neglected. though
obtainatle nj 1si2 per cent. per month.
The demand Tor exchange has been moderate,
and the market ruled steady throughout the week
at par buying and "A prem. selling rates
Gold dull, but held FIRMLY nj s4al prem buy
ing and Lap prem selling There is hardly
any demand however. In New York it Is firm
at 54a2 prem. We quote:
Buying. Selling
New York. par@ls Il prem.
Gold. SOL prem. 1902 prem.
The Secretary of the Treasury has given per
mission for trade to be opened with all sections
of the insurrectonary States now under the com
plete control of our arms, only with such restric
tons rs 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 a mixed character, Kentucky, Ind-
ana. New England and New York State money.
bui.. chiefly Ohio, which Is "kept moving" by the
bankers, IN anticipation of It 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
"a manner as shall be satisfactory and no other
policy Is contemplated That banks which have
suspended specie payment in a legal way should
be asked 10 redeem seems absurd, but the money
dealers and others. whilst they forced to al
NIT this, claim that there ought TO be more
commodating spirit displayed by the Ohio bank
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 ab-
sence of Louisiana sugar and molaSses greatly
diminisheS the grocery trade. yet there Is more
doing than had been expected
Under favorable adviceS from Liverpool. quite
active trade has neen done IN bulk sides AMI
lard and prices are higher, the market closing
rather buOyant.
There has also been good business done IN
bulk shoulders. in part tor shipment TO Liverpool.
and the market closes firm the rates for all he
ing: shoulders Sc. sides n, dl5sc and lard IL
6e714c. holders asking ls9I4c higher
Mess pork has been neglected aud the demand
triling at sl0al0 %, the latter rate for inside
city brands
bacon has also been dull aud the sales small at
35sc and 5a6c for shoulders, sides and clear
sides
Sugar cured hams 6Isa75sc aud in fair de
mand
Ke, lard Is. asc.
Rump pork S6A7, according 10 quality.
The demand for American meat in Liverpool
at the last advices continued active and IN the
main speculative, Notwithstanding the large re-
CENTS over six million pounds having been re-
ceved there during the week ending the 10th
ult There was also large demand for lard.
Based upon these advices dealers At this side are
buying sides in bulk, aud packing them in boxes
on i large scale, and shoulders and hams 10 talr
extent and this Is leading 10 exports thence OF
such magnitude that all previous movements
OF the article there is nothing approaching 10
them. Private letters from England say that
the consumption i very large; but nOtwithstand-
ing this. there can De no doubt that the stocks
are rapidly increasing. and there is vastly more
danger OF an over supply OF bacon aud glat of
the market tor il. than there Is Of lard because
the markets OF the world are open 70 the latter.
ard the low price will insure sale for il. not so
a regards bacon.
Flour has been extremely dull and the demand
local prices ruling in favor Of buyers. superfue
closing at 81 2DaI D Wheat declined Sc.
Corn. Rye. and Barley unchanged. Oats ad-
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 ICE Yesterday. however. under
the news from New York. il declined &c, and
closed az lie Specializing upon what Congress
will 10. has proved an exceedingly uncertain
basis.
LInseed oil IS buoysnt. and i he'd a, GOO with