Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-03-27
From the Cincinnati Price Current, March IS.
Financial and COnbmcr Summa
for the Past Week.

In money matters there has been little or no
CHANGE the abundance of unemployed capital
continues, and good business paper scarce and IN
demand at . to IL per cent the prevailing rates
being l0al2. The demand Treasury notes. now
made "A legal tender by act of Congress, as well
as those to be issued, are the standard currency
throughout the country and have taken the place
of gold in the liquidation of all Indebtedness
The Indiana banks are redeeming their issues
with these notes, but the Ohio banks do not, they
have suspended according to law" Yet some
of our bankers in this city think that this ought
not to be tolerated, and notwithstanding this
pension, their notes ought to be redeemed in
Treasury notes. at least, and threat is made to
place the notes of the Ohio banks the uncur
rent list, should the proprietOrs persist in this
course. Notwithstanding the Inconsistency of
this demand. it is not improbable that il will be
done The Ohio bankers, therefore, had better
take warning in time and resume" specie pay.
ment and redeem in the Government currency
The market has ruled firm for exchange and
steady at par buying and Il prem. selling rate
The demand has been about equal to the supply
Gold dull at LAP prem the latter the selling rate,
but there is no demand worthy of note.
The weather has been chilly, with rain and
sleet, at intervals Hardly any indications of
vegetation in this vicinity yet, so that the spring
is rather backward.
The opening of the Baltimore Ohio Railway
has been the great event of the week. This took
place on Monday for both freight and passengers
This is of immense importance 10 the W est. ami
resulted in a general decline in rates of freight
The closing OF this great thoroughiare, the last
ten months. bv the rebels. has been loss to the
people of the West which cannot be well esti-
mated and il great Importance great lead
ing route To the seaboard has been demonstrated
in a way which never could have taken place I'M
der other circumstances. The rebels having
been driven out of all that portion OF Virginia
through which this railway runs, the route is
perfectly safe, to- freight or passengers as much
50 any in the country.
There has been great excitement among
whisky dealers and Spectators the past week.
owing TO amendment made to the tax bill in
the House OF Representatives, taxing all distilled
spirits in store rs well as all distilled after the lst
of MAY. A. il j. we'll known that speculative
purchases of whisky have been made largely and
generally the last six or eight months on the
ground of an anticipated excise duty. and that
the quantity thus purchased has been swelIed to
enormous proportions, il be well imagined
what Consideration this news produced among all
who had been thus specializing A decline of
3a4c per gallon at once established the
speculative demand ceased altogether. and Satur
day aud Monday prices were nominal Monday
evening &c was agreed on, and moderate de
mand existed at this rate Yesterday. Now, We
do not believe that taxing retr0spectvely will be
done because II Is contrary to what Is just and
fair and the custom of the Government; but we
DO not think that the tax distilled spirits ought
10 be 25a3Oc per gal, because there viii be as
much of il consumed at 40c as NJ 25c per gallon,
and il a drawback Is given on foreign shipments,
: much distilled at one price as the other. This
every man. conyersant with the trade knows and
admits The project Of taxing spirits. rectihed
aud used in m tnutaetured liquors, Is another mis
take made in passing the tax bill. This Is duph
cate taxation and i well calculated 10 produce an
immense amount Of difficulty and swindlg.
The provision market has been heavy all the
week. aud the tendency of prices downward. A
hope that the opening of the Mississippi would
lead 10 a speculative movement, has kept holders
rather firm and prevented them from pressing
their stocks on the market in such way TO
lead To a large and sudden decline. still the pres
sure has been light. but enough to keep the mar
ket heavy and TO depress prices from day to-day.
The demand noticed in our last, induced more
frmness on the part OF holders. in the early part
of the week and slight advance was asked for
bulk melts: but this hrmuess soon Welded TO a
desire 10 sell and concessions were made To meet
buyers. from day 10 day, and al the close inside
brands city mess pork were offered at sl0 %
Bulk pork at and 4 C. and bacon at IS. and
&c. without buyers Bulk hams &c, and smoked
DC aud nominal. Sugar cured hams 81 a lsc
and in far demand. Ramppork Ca !, according
to quality. aud prime s. SOFAS %, the latter
without heads. and these rates are nominal, ex-
cept for sugar cured hams
Lard has been held with good deal OF hrm
hes with good demand at &c tor prime, and
Csc for head aud gul. holders generally asking
3 &c higher. Prime kegs may be quoted at
Il. @7lsc.
Flour has not changed during the week the