Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-12-28
From the Cincinnati Price Current, Dec. %.
Financial and Comm rciaI Summary
for the Past w eek.

for the Past week.
Gold, the great regulator, having ruled with
great steadiness during the week there has been
but little change in financial matters generally
The demand for money has been fully up to. and
some days in excess OF the supply, bankers having
to curb the desires of their customers and warn
them against too much expansion, lest they might
not be able to supply them with discounts, and
this was especially the case in the pork trade,
which has absorbed large amount of capital,
because of the fact that pack ers have been com
PEELED to carry the great bulk of the quantity
packed this season, there having been but an in-
significant amount taken by the consuming mar
ket. Had there been corresponding demand
from other departments of trade, or even a moi
crate demand in keeping with the volume of bust
ness doing We would have had most stringent
money market this winter.
The advance in the rate of interest by the
Bank of England to 6 per cent, as announced by
the last advices from Europe, is an indication of
an anticipated financial crisis in the money mar
kets of the Old World, and the anticipation may
be realized.
The drain ofspecie from the Banks of England
and France is not fully accounted for by the laws
of trade, and it is therefore presumed that a
boarding process is going on by the keen and far
sighted German aud French capitalists. 1t is
strange to perceive unmstakable indications that
the bankers of Europe really dread being sssaied
by financial crisis, which they have so persist
emily predicted for the United States IL is true
that it may be the fear Of a general European
war, which the wisest statesmen of the Old World
think probable, is the cause of this precaution
on the part of bankers and capitalists, so that
should this war he averted. the expected crisis
will not come.
The exchange market has ruled steady during
the week, with a supply about equal TO the de-
mand, and rates ruled as heretofore. The rates
for money outside the regular banks are 8 to III
per cent The demand for ) 30 United States
bonds has been moderate. but would be more
active. no doubt, were the bonds ready for delv-
ery Ii will sake fullg two months to get up the
delivery TO the subscriptions. The offerings oil
Quartermasters' and Commissarat checks or
Washington have been large, but as there mas
been an Improvement ON them in New York
bankers bought all offered. Not much doing in
vouchers. and 96l6 is about the best rate attaina
BILE for them.
Old Virginia bank notes declined to Is dis in
GLIDING the Bank of Charleston. Tennessee bank
paper is rather better. The closing quotations
for exchange. specie and Government paper. wer,
as follows:
BUYING. SELLING
New York. dis par
GOla.............-......so 95l prem. Sass prem
Silver. ..42945 prem. 4S94s prem
Orders Washington, Ih9lk dis.
CcFluCdlee- Ia % ulc.
Quartermssters'
Vouchers, city........ so1s9s7
Quartermasters'
Vouchers country..... no sale.
Business continues active in all departments
and the activity on our business streets has beer
increased by the great influx of strangers to at
tend and participate in the great Sanitary Fair
which was opened on Monday.
In the general market there has not been mucl
change, excepting in the price of pork. which i
fully SOC per Genital higher than it was weel
ago. The receipts of hogs have been quite light
which led to very general impression that thu
season has nearly closed, and packers bough
freely and generally, and this competition force'
prices up the highest point reached in this mar
ket for twenty years, and perhaps ever paid sine
it became pork market; and not only this, bu
prices higher than in any other market in th
country, not excepting New York. Toward tn
close, packers reflected and withdrew, with Blu
few exceptions, and the market closed tame.
Yesterday the market opened weak. aud Their
being but few BUYERS, holders were more snxiou
to sell the day passed on. and at the close mad
concessions of 10 to l5c in order to effect sales
and even this did not increase the demand Tw
hundred pornd averages could have been Dough
at the close at 81 so. and were dull at this rate
The sales were: