Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-11-09
From the Cincinnati Price Current Nov. T.
Financial and Com IN ercial Su mary
for the Past Week.

The scarcity of currency, which IL owing IN |
part to the absorption by large sales OF Govern
mcpt stocks and the unusual amount OF exchange !
on the market. has given a striagency to the |
money market which has not been experienced |
for a long time; but the demand having been |
light, and having decrease! rather than diminish
ed owing 10 the closeness Of the currency the
tightness has not been felt to any extent by the
business community. and, compared with the
rate of the money market in other wears az this
season, it is absolutely easy at Ito per cent
outside the regular banks. which, according TO
disp isition and law, supply their regular custom
ers at per cent.
The fluctuations in gold have been but few and
smSll during the week. and the market in Nex
York has been unusually quiet. ard the closing
rate at the one oclock Board there yesterday
within fraction of the closing rate week ago.
Railway shares, too, have been steady, without
any special excitement. bat ) coupon skies of
1881 declined l q per cent during the week.
In this market, the amount of gold offered has
been fair. as large amount OF that received in
interest on O. S. bonds, on the LIST. is being sold,
WHICH made the offerings at the close much larger
than usual. There has been but limited coun-
ter demand, however, few think there is any
speculation in holding it. and fewer who can per
ceive any advantage in boarding IT, The offer
ings of Government securities. such orders,
&c, have been light, aud rates are generally
lower. The rates for all at the close were:
BUYING. SELLING,
New YOrk.............. l-s9l-lOdis dipar
Cola 44945 prem AZ prem
Silver ...-.-. -----.-..-5ISS prem.
Kentucky bank notes.. prem.
Indiana State notes. .paraa1 prem
Order. or Washington, 1913. di,.
Ger ihcates. "a dis.
Quartz rmaSt.rs'
vOuch rs, ely. s7ss79z
QuarernaSters'
" Vouchers couutry.... no sale
The hume demand for United States stocks,
during the past two weeks. exceeds any which has
yet arisen; the average sales of ) 20's, the last
ten DAYS. having been two millions per day An
increased foreign demand is noticeable, and this
is not SUI prisng because the interest to foreign
ers is equal TO or 10 per cent. The wonder is
that hedemand from abroad has hot been larger.
but il shows the utter want OF confidence which
must have existed in the stability of this Gov
eminent. Money is scarce in New York owing
To the vast sums Of legal tender currency which
are being taken out OF circulation in purchasing
Government stocks The receipts of the Treas
ury vastly in excess OF the expenditures. In
the Sub Treasury in New York there Is thirty-six
millions, besides large balances elsewhere The
ste ,diness OF the gold market has been respond
Ell to in the produce marker generally. and there
has been great se1diness observable throughout,
aud but moderate degree of acti-ity in any
| article
| Flour did not change perceptibly during the
week. and the demand has been fair. though
chiefly local, and the supply of the better grades
OF fresh ground has been hardly equal To the de-
mand The want of water to run the mills, and
the unwilinghess of farmers to sell wheat at the
current rates. are the cause of this, for the whole
agricultural community still entertain the most
extravagant ideas of the value of produce and act
accordingly.
Wheat has been in fair demand, and the mil
ers from the interior being in the market, prices
advanced to &c per bushel.
Corn has been in good demand and better
prices.
OTIS further advanced with some speculative
| feeling about the middle of the week. owing to
short sales which had been made, but a portion of
| the advance was lost.
Rive and barley unchanged.
Whisky advanced to 541hc aud has been in
good demand
Butter and cheese unchanged
Hay sold at 81 per ton higher and in good de
mand.
| Linseed oil very dull and declined to 81 30.
Petroleum unsettled, and prices lower and irregu
| lar. There has been Il considerable amount
pressing on the market, and the outside rates for
refined at the close were 62(064c. and for crude
DE, the latter rate not including barrels Lard
| in good demand and firm at 90@95c
The receipts of potrtoes have been large, and
the market dull at 65(691c
Groceries firm. Sugar 1s@1sc higher Coffee
and molasses unchanged
Not much done IN provisions. and prices are
about in the same position they we're week
ago.
There was some demand for bulk sides, and
about 7On.000 pounds sold at Sac.
Lard has been in moderate demand, but the
market is essentially unchanged; l015c for city,
and lOA@lO38c for country, are about the
rates.
The Hog market has not opened fully yet, the
weather having been too unsettled. and the last
/ three DAYS far too warm to cure; but there has
been a demand for all offered at So net for 200
lbs average and upward, and S. 70 for 1870 lbs.
average The receipts have been light, not
much beyond the ordinary fall receipts for CITY
use which is to be attributed to the large amount
of light corn which farmers have TO feed. and the
mild weather There we're 800 head sold dur
ing the week At Sc: 1000 of them on the spot
and the remainder to he delivered about the mid
| die of the month. The general impression is.
and it seems to US well founded, that unless gold
advances materially these prices cannot be sus
tanned; and that az soon ms the season fully opens
aud the limited existing demand for early meat
is supplied, large decline in prices Is inevitable,
unless gold advances. AS we have stated.
The usual reports about short crop and no
hogs are being circulated. One report says the
Government has bought large number of Ken
tuck, hogs aud is driving them over the Cum
berland Mountains to pack them at Knoxville,
! Tennessee Packers aud dealers generally, We
may saw have no confidence in prices, and ex
/ hi5it no disposition to operate based upon them
Was Daniel Webster a Secessionist.
The following is an extract from speech Of
/ DANIEL WEBSTER. delivered at the Revere House
] ~
citizens of Boston. April 10. 1850. 1t seems To
be forcibly applicable to these times. THE
united love of United government" That is
the noble sentiment of true friend of the Union.
To day love seems to be AS distant from our
country as heaven itself is:
THE Union for the preservation of which
strive-ihe Union of States for which strive-is
not merely Union Of law, of constitution, of
compact; but while il is that, il is Union of
| brotherly regard. of iraterna feeling throughout
| the country do hot wish that any portion of
the people of this country shall feel held together
only by the bonds of a legal corporation: bonds
which some of them may think strain their limbs
cramp their affections. gall and wound them.
! wish. on the contrary, that they shall be bound
together by those unseen, soft aud easy sitting
chains that result from generous affections and
1 from sense of common pride. In short, fellow
citizens. my desire is. aud my labor is, to see
that state of things produced IN which-flling
all bosoms with gratitude, all hearts with JOY,
! Illuminating all flces, spreading through all
ranks of people, whether rich or poor. whether
North or South, East or West-there shall exist
the balm of all our sufferings; the great solace
OF all our political calansties; the great security
OF everything prosperous. aud great. and glorious
in the future; and that is, the united love of u
united government"