Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-03-11
From the Cincinnati Price Current, March o.
Financial and Gem m rctaI Su m ma nv
for the RaSf " eek.

Financial and Gem m rcsai Su nm nm a nv
for the Past week.
There has been good demand for money du-
ring the week, without any special pressure in the
market. and all the acceptable paper offered was
taken at to & per cent, and In some cases a.
high az 10 per cent. obtained.
The demand for exchange has been active and
fully no to the supply. but toward the close
the demand had Stacked off somewhat, and
the supply was better. closing steady at our quo
tafions.
The advance in gold toward the close Of the
week caused an uneasy feeling in financial cir
cle-; the opening price Yesterday was l64I5 and
the closing rate 1884 at noon. The excess of
imports over exports. and the status Of our ar
mics, both combine to cause the advance, and
we cannot see how il could be otherwise
There i good demand for orders on Wash
ington at 9915
The Government has refused to pay checks of
less amount than $4,000. which, under the
rule. excludes all cash cheeks. and all are now
paid half cash aud half certificates. The Gov
eminent cd1Uhctors had arranged so as to get
small checks for large portion of their claims,
thus getting a greater amount in cash than had
been expected by the Treasury Department.
The singularly slow and selfish manner in
which Congress has been legislating to provide
for the revenue. is having bad influence Lpon
the financial affairs of the Government, and this
Will become worse IL more craftsmanship and
less wire pulling demsgogism is not displayed.
Never did circumstances exist in this or any
other nation. which demand the cearness, ex-
perience and dignity of the statesman as those
now existing in connection with our Govern
ment
The closing quotations for exchange coin and
government securities. at the close, were as fol
lows:
Gola....................saa saH prem. a prem
Silver.-..-... 536D5S prem. 81 prem
Orders Washington. s9ss ess,z
Quartermssers'
Vouchers, city. 49,. G9Sl4
The fyetwenty bonds are selling at Ill for
November dates which includes the coupons
from that date. The feeling at the close. in gov
the advance in gold
Business in the produce market has been quiet
during the week. and without much change in
prices. excepting corn, which has declined mate
rally
Flour dull, but still has been held rather more
firmly. owing to the reports of the serious injury
done the growing wheat crop by the late Sc
we're weather, but there has been no change in
prices
Wheat likewise hiss been held with more con-
hdence, but prices remiin precisely ~ they were
quotations. Corn declined materially, distiers
are buying, it at all. very sDaringly in aniicipa
ton of having TO suspend for SEINE months under
the new tax law, until the stock OF whisky on
hand is worked oft Rye dull at the close.
Barley dull at 81 % aud 81 % for prime spring
and fall
The whisky market as usual has been greatly
agitated under the action OF Congress, but the
market closed rather dull at soc. The thought
that il may be free of tax after the lst of July
makes some of the holders anxious to- realize
Cloverseed very dull, and what was offered in
the market on Monday bad to be sold at 81 %,
but dealers nevertheless selling small lots at
s. 10. Timothy declined to So 1908 % and
dull. Flax 50 55@2 60.
Butter very scarce and in demand. Cheese
firm. A general quetness has ruled in the pro-
vision market, but holders are not disposed to
make any important concessions in order to effect
sales. There has been steady demand for hams
in bulk and cured in all shapes. The high price
of fresh meats will necessarily keep up "A large
demand for both hams and shoulders. The news
from Liverpool is unfavorable for bacon and lard,
and this has stopped the demand tor sides for
that market
The grocery market has been very firm, with
fair demand, but prices being as low. or nearly
SO. as they are in New York. dealers have been
selling sparingly, under tue belief that further
material advance Is inevitable
The advices from England by the last mails
are quite unfavorable for breads,uffs, a marked
reaction having set in after the excitement about
the war in Denmark Liverpool letter of the
18th ut. says:
"The apprehensons of general war on the
continent of Europe have for the moment, sub
sided into the belief that England will, under
any probable circumstances. maintain peaceful
attitude: hence the market for corn produce has
relapsed into extreme dizziness. Wheat has sui-
fered further decline of 81 to Sd on red, and
fully Id on white, values being now practically
on a level with the currency existing before the
late war excitement. Flour dull of sale, at a
reduction of fully Cd; French continues in large
supply, and presses heavily on American. Indian
corn must be quoted 81 lower. the demand being
quite a limited scale