Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-03-18
from tho Cincinnati Price Current, March 10.
Financial and CONNIE rciai summary
fer the Past eek.

There has been fair demand for money
some days rather active. and the market has
ruled hrm VI . 90 10 in the street, but the Ma
liona Banks discounted quite freely at their re-
guiar rite--6 per cent.
The decline IN gold from 100 10 l6g l,ttened
the speculative feeling based upon the advance
during the previous week. more especially as the
facts which nave been developed connected viii
the advance aid decline show that il vas more
the result of stock jobbing corner - than any
thing connected with the aff airs of the nation.
though there is no doubt that the pass &c OF tire
" gold Gill " by the House had lis influence in
causing the advance, and that the recent passage
bv the Senate of another gold bill " giving he
Secretary Discretionary power IN the matter, had
It's influence IL producing the decline. A. il was
sterling exchange did not advance i'm proportion
to gold. showing that. among the solid business
men toe impression prevailed that the advance
WAS but temporary. With regard To Congress
sonal legislation on this gold Question it would
seem that the only object be j. 10 keep down
the price "a gold, ami consequently prices Of all
articles needed hy the Government in the prose
cution Of the war; and il Mr. Chase DO this
by using the surplus gold, it i clear Congress
ought 10 give him the power To de- IT,
The demand Tor exchange has been but mod
crate. ana ut times the market rather dull .
but the quotations remained essentially he same,
though there were some sales at IA decline We
lower our quotations shade.
Frequent changes are being made in the man
ner OF paying quaitefmasiers' and coma-sariat
vouchers 80 that he market for them has been
quite unsettled, and rates irregular
The rule how seems To be that all checks here
after viii be paid 81 peG cent ia treasury notes
and ~ per cent. in one yenr certificates of in
/ debtedneSs. instead OF 81 ner cent in treasury
notes. as has been the case heretofore. THIS
+ change i 10 take effect on the 10th instant and
/ IN consequence of this the rates for both orders
and vouchers have been reduced The orders
/ are not now received at better than 9911: Capt
+ McClung. however, stopped paying vouchers
+ ssue' ny him; At present the rates have declined
70 %. and there are quite number Offering
+ Those issnei AZ points outside of this city are
quoted At - TO 81. out there are not many on the
market.
i The quotations for exch ,nge. coin aud govern
/ meut securities, az the close last evening. were
as follows
View NOrk............... l-lO dis parsl-lO
Gols........-........-.- 81 prem 50 prem
Orders or washington, ssass,.
QuartrrmSs'ers
Vouchers. City, -
The recommendations of Mr. Mccullough re
gariins change, in the National Banking Law
I nave been uuf IN snare bN the committee 10
which they we're reierrei. aud reported TO the
House o. these the clearing house system i
the most important. because withou; It there Is
+ little dpubJ HAT the currency would not be OF y
+ uniform value We notice that the bill reported
proposes thar there shall be hut one Gle lring
house. ani mat shall bs al New York TINS We
regard unjust and uuneceSsary-Gfjust because
I u would Concentrate an immense amount of cap
itai in New York. 10 the great injury OF other
business ceniers Boston. New York and Phiia-
/ 'ieipha the SeaDoar1. and Cincinnati ~
Louis and Chicago in the West should havt
cleaIin. houses located Cor all banks naturally
I tributary 20 each city IL seems strange that
/ hr Mccullough who J. so Intimately acquainted
with The Ne>t does not see The justice and the
necessity of such an Arrangement a. this
/ he ioboins trade OF the CITY has been quite
I active duFii.g the ~ees ia ali departments. not
. NihstsndinE the weather Ia been disssreeabie
some days; although. during tSo-thlrd, at The
week. !. quite pleasant
Flour ms been aril, and wheNt depressed. rs
the reported ilj1rv to tae growing wheat crop is
not REGARDED sufficiently veil authenticated Ia
induce a speculative demand Parties who de-
sifed u invest made a t,ar 20 me rural districts
and f,uad fields shch hac been declared ruined
I by the osnegs. -lviag Signs 10 the CONTRARY uader
! the genial iilaence Of tie few sunny DAYS ~e
| have had ~ithsu the ~eek. aud they returned