Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-02-24
From the Cincinnati Price Current, Feb. 10.
Financial and Com rcial Su nm mary
Tn n. uRmS

FINANCIAL ana Com rctat Su m mary
for the Past Week.
The attention of the whole business communi-
~ has been divided between commerce and fnan
ces on the one hand, and the past and prospective
achievements of our arms on the other, the past
week; but toward the close the latter absorbed
the entire thoughts of our citizens, and there has
been but little business of any kind done since
Saturday. Tie political horizon has become
brighter and brighter from day 70 dsy-made so
by the star of our Republic rising from the dark
ness of dependency with which this fiendish re-
bellion had enveloped it, and the hearts of all
loyal citizens have been cheered, throughout the
land.
A great abundance Of capital and an easy
money market for good business paper continue
to be the leading features of the money market
Thirty and sixty day paper, of the character
named, is wanted at SOLO per cent. Govern
ment contractors paper is in better demand at
l2@lS per cent, owing to the passage by the
Senate of the Treasury note bill, though amend
ell so as to be Objectionable TO the House, and it
is clear that the passage Of it will be delayed in
consequence of those amendments. There is
doubt that the people of the loyal States are as
nearly unanimous in favor Of the bill as il passed
the House as they eau be WELL yet the Senate
knowing this, have tackled on amendments calcu-
lated to retard its passage, and keep the finances
of the Government in jeopardy, and suffering
Exchange has ruled steady at u premium,
Gold declined to 31z@3R premium; owing to
the decline in New York, where it has declined
from 454 to az the last few days.
The victories OF our troops have produced
buoyant market for public securities generally.
The $40 Treasury notes which were down to
CSC have advanced to 991s. and the demand notes
have become scarce in New York. There is no
doubt that these notes viii be the best currency
and will be boarded by bankers and their own
notes put into circulation. The Legislatures of
all the States ought TO provide against this if pos
sble.
The quotations for exchange and coin at the
close are as follows:
Buying. Selling
Gold. ............. Pc prem. 80 prem.
speculative demand, based upon the success
of our army. arose for provisions and all articles
in this line largely advanced. but holders, in the
onset having pretty generally withdrawn their
stocks from the market, the business done at the
advance has been circumscribed. Mess pork
went up to Sl2 Lard TO Z y for prime in tierces,
8 in kegs; $685. for head and gut. Bulk
pork to 81 for shoulders, 424@41s for sides,
and Al for hams.
At the close last evening there was more dspo-
sition to sell displayed by packers from the coun-
try. and this induced buyers to pause and exam
inc the probabilities of immediate demand
coming from the South, in case of the rebellion
being put down. Nashville, Memphis, Colum
bus, and New Orleans have to be taken before
any trade can exist, so that some parties, upon
reflection, arrived at the conclusion that little
caution in following up this advance was but the
part of wisdom. This excitement has extended
to the seabOard cities, and prices have largely
advanced. We repeat that prospective large
demand from the South is the only basis for it,
and upon this rests the future of the pork market.
! Flour advanced fully Doc per brl and has been
in good demand from army contractors with a
| light stock. Superfne S4 1904 so and extra
81 5O@4 so. Family and fancy ranged from
81 IS to SIS.
Wheat advanced to 95a9Sc for red and 81 O3a
/ 05 for white, and in good demand, the receipts
being very light
Corn i'm good demand at 30c.
Oats closed firm at 28a2SISc.
Rye advanced to sic and in good demand.
There has been an active speculative demand
for barley and harley malt, in anticipation of a
| large demand from the South, and prices ad-
vanced-barley to 63a65c for prime fall, and
malt is held at 70a75c.
An active demand for whisky, and the price
advanced to 20 cents, closing quiet. The ad
vance is partly owing to an expected Southern de-
mand and partly to the expected excise duty. 1t
advanced to 2Sc in New York.
Glover seed advanced 10 81 2004 25, and in
moderate demand. Timothy in good demand at
| 50 l0a2 20. Flax is scarce and would bring
81 80.
An active demand for star candles and prices
&c per ID. higher. The prices in the large way
are IA and l6c for light and full weight, sixty
days, or 2 per cent off for cash--boxes extra
| No. and palm soap has advanced &c, with a
good demand.
The demand for groceries, in the jobbing way,
is moderate.
| Molasses declined to 40a42c.
Sugar unchanged. Cuba Sl2a913c, and New
Orleans 915al0%c
Coffee is held more firmly under the advices
from the East. Rio l919a2l1ac. The stock of
sugar and molasses is quite light. and hence the
prospect of getting any from Louisiana has little
or no influence upon prices; but as there is no
coffee in The South should demand arise from
thence the price would necessarily largely ad-
vance
] The supply of beef cattle has been very light
and prices frmer.