Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-03-03
From Cincinnati Price Current Feb. 26th.
Financial and Com IN G rel al Su I'M mary
for the Past Week.

With little exception the past week has been
a continued jubilee, and business matters have
been therefore greatly neglected. Friday was
spent in making preparations for. and Saturday
in celebrating the birthday of Washington, and
it was done with an unanimity and an abandon,
the like of which was never exceeded in this city.
The Treasury Note bill is still pending in Con
gress; the House agreed to some of the amend
ments of the Senate, but disagreed to others, and
the bill is now in the hands of Committee of
Conference. This slow action of the National
Legislature on a matter of imperative necessity,
is producing a great deal of uneasiness, and not
a little indignation.
The demand for money has increased some
what, consequent upon the activity in the pork
trade, but all good business paper is anxiousiy
sought after at SOLO per cent. Capital is album
dant and when the security is satisfactory there
is no trouble in getting the money.
The demand for exchange has been quite light,
and the market ruled dull at par buying and a
prem selling rate. Gold was dull in the early
part of the week, and further declined to prem.
buying and prem selling rate; but subsequently
advanced &c under the advance in New York,
dealers asking 81 prem, but yesterday the news
from New York put it down to 2SS4@3 prem sell
ing rates, and prem. buying.
The influence which induced the speculative
demand for the advance in the price of pork and
lard, noticed in our last, continued to have the
same result in the eorly part of the week, and
and prices further improved. This brought
large number OF country packers into the market
who were disposed to sell ut the advance, and the
result was a dampenng effect. The speculative
demand subsidized to great extent, and the news
that Tennessee had yielded to the force OF our
arms, which came about the middle of the week;
that the Governor of that State had ordered the
citizens to lay down their arms and convened the
Lori Sl.s-u tn all Law xxhi ch had
passed, lcOnsistent with the Constitution of the
United States, not having been fully confirmed,
the pressure to sell increased and the market ut
the close quite heavy at Sll 1902 for mess
pork and 33sa5c for bulk do. these being the
rates asked
Lard. though held firmly at 71ac tor prime,
was dull and heavy, though there was good de-
mand from manufacturers at 634c for head and
gut, and We understand that &c was paid for the
latter.
A continued good demand for sugar cured
hams at 61sa7c for uncanvased and 7a71ac for
canvased, including packages.
The basis of the demand for provisions being
the successful movement of our army into the
South, and the prospect of general trade, from
thence as the immediate result, renders the war
news received from day to day highly important
to dealers in pork, as the market responds to it
with a regularity and promptnes quite remarka-
BILE The news received yesterday afternoon,
that General Buell. at the head of 10 600 troops,
had taken possession of Nashville, without OppO-
sition, and that our flag was floating over the
State HOnse; that Governor Harris. and State
officials, with the rebel army. had fed to Mem
phs, still more unsettled the market; some were
more disposed to sell, while others felt otherwise.
The news we publish in another part of our pa
per, we think ought to have a very marked indu
ence upon the market, Indicating, as it does, that
the largest crop of pork ever packed in this coun-
try has been packed the present season; for If we
take into account the increase in the shipments to
the Eastern cities, the total increase will not be
less than half million hogs, not including the
increase in the weight, which will not be less than
per cent.
The demand for -four has been good and prices
advanced to 81 5000 55 for superfne, but the
market closed dull and heavy.
Wheat advanced to 9S@Sl for red, and
81 056l 10 for white, but closed dull.
Corn remains steady, and has been in good de-
mand at soc.
Oats dull at 2S@2S1ac.
Barley advanced to 72@75c for fall, with
speculative demand and closed firm.
Rive 52653c, and in good demand.
Whisky huctuated largely, having went up to
18c and back to lie, closing firm, however :
In the grocery market there is but limited
Jobbing business doing. Sugar is "a &c lower.
Molasses is selling in the small way at 4O@42c.
Coffee is held more firmly under the advices from
New York but tile demand continues limited