Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-11-23
From the Cincinnati Price Current. Nov. ~.
Financial and commercial Summary
for the Past Week.

Financial and Com m rcial sunni AIRY
for the Past Week.
There has been increased frmness in the
money market during the week, and more de-
mand, but chiefly from pork dealers and packers,
and outside of the National Banks the rates are
up to 6@l0 per cent, but the banks take the
greater pOrtiono the paper offered by the regular
customers at 6 per cent. There is no unusual or
inconvenient pressure, however, and currency is
in good supply, as the drain from the East to the
West continues.
The pressure in New York is undated, aud
the deposites with the banks..running down stead
lily, but rates of interest are not higher than they
were a week ago.
Thompson's Reporter briefly but clearly states
the case, as regards the New York market, AS
follows:
Among the banks, stock gamblers and gold
speculators. money has been, and is vet, very
tight; while with the merchants money brokers
and dealers in Government securities. money is
quite easy.
1.-The pinch began with the banks They had
overtraded on their deposits, so that when depos-
itors drew money TO invess in the Government
bonds, the banks soon found legal tenders 'on
hand insufficient for the demand. and call loans
were called in. This blocked the line to the stock
spectators.
1.-THE merchants, generally speaking are free
from bank discounts. and not in a situation
to require discounts. This, fortunately. will ward
off any general panic. though, from present ap-
pearances, the money market, as measured by
the Wall street standard, will continue close for
some time to come"
The supply Of exchange continues large, and
the market dull at our quotations, which are the
rates charged and allowed by bankers to Gus
toners.
On the whole, gold is higher than it was week
ago, but has been quite steady, nevertheless, and
the market for it free from excitement.
Government securities are generally lower.
We quote:
New York;. l-6dis. par.
ssssS prem prem. = prem prem
Kentucky bank notes.. = PREM
Indiana State notes. .par9 Z prem.
Orders or Washington, l1e2 dis
Certificates. 2a5214 dis.
Quartermasters'
Vouchers, city........ 96k9S
QuartermnsterS'
Vouchers country..... sale.
The blockade of the railways. owing to the
pressure ct freight ON the Lake Shore roads and
the want of rolling stock BY those leading from
this city, together with the Government demand
for boats for the transportation of troops. greatly
interfered with aud restricted business during the
week but still there was Il good deal DONE and
trade generally speaking must be regarded as
active
The receipts Of hogs so far have been light,
which is TO be attributed to the want of railway
transportation, chiefly, and, 10 some extent. to
the mild weather and its uncertain and changea
BILE character.
Packers all ready and an xious TO go on with
the business Of cutting. and this, with the short
crop stimulus and the advanced state of the sea-
son, has quietly increased the anxiety to buy,
from day TO day, and, on Monday and yesterday.
81 a. IL
hogs offering. put up prices materially and led to
a considerable degree of excitement
Hogs are generally light, though not as much
so as had been anticipated. Monday, the desire
to buy, on the part of packers, increased, and
an advance of 25 per GENITAL was established, the
market closing buoyant at Sc 50CG6 rs for 300
pounds average and upward. The sales we're
500 dividing 200 lbs. $625s6.50
zoo 700 IbS....---. 6.OO(d6.50
6oO 20 lbs. ........---.... 6.65
100 " 225 fbs...................... CTS
Yesterday. the receipts were light and the mar
ket quite excited; Sc 50 was refused for lot
averaging 200 pounds. and 81 was asked. We
quote the market closing with buyers at S. 75d
z 90 for lots a era giug 200 pounds and upward /:
but the few offered did not furnish enough to es-
tablish the market Ii will be seen that the re.
ceipts are less than they were last season up to
this date, but are larger than they were in 1857
and lshl The commencement of the season for
each of the last few years was as follows:
1s57-s-----. Nov. Is
lS0d-y. .....''''''. ....'..............
Is59-6O. ACKNOWLEDGEMENTS. Ii
1S6O-1-.- 4
1872. -.-...-.---....-.-.- ...-.-.-.-..- :. 20
lSO2-5. ..-......-...''.''s....... - 4
The total receipts of hogs at this place by the
various channels, from November l to last even
ing, are as follows:
By railway. OBSERVATION-DISCLOSURES. 297s6
BY river. 1850
From Kentucky. Fl 936
Total. ACKNOWLEDGEMENTS. SO s64
Same time last 0s6