Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-01-28


Financial and Commercial summary
for the Past Ncek.
The demand for money fell off quite percep-
tibly during the week. and tie market became
easier from day to day 80 much so that the reg
ul,r baIk took tie great bulk OF paper offered
at per cent. and outside OF these TO 10 per
cent. were the rates The speculative demand
for whisky and provisions having ceased is the
chief cause OF this case, together with the return
OF large amount of the currency o. the city,
which had been taken 10 the interior during the
pork packing season Gold has changed but liz.
tie; still the change has been equal for the week
to 2G3 per cent OF decline The announce
ment that the 30 bonds had all been sold, had
a favorable influence on the market. and gold
went down and the bonds up TO a premium at
once. The success of the loan has been CON-
plete, and il an argument in favor of the self
sustaining power, and the wealth of the country
which must amount TO axiom in the estima-
ton of all candid men. The next loan the Sec
rotary is authorized to call for is in the shape of
ten forty bonds, which will be more popular than
the 5-20s. because of having longer time to
run; but it is supposed the interest will not be
over per cent. The Secretary has the power to
fix the rate
The market for exchange has been Irregular
bankers buying at 10 discount TO par. and SELL
ing AZ par TO 10 premium some having one rate
and some another. A fair amount of govern
ment paper has been in the market, and il met
with rather better demand, but rates did not
change much. The quotations for all at the
close were as follows:
BUYING. SELLING.
SeM iork.''''''''.''.'' par. lilo prem.
TOLD .............51 prem. SO prem.
Silver. -4sa5l prem. 53@55 prem.
Orders Washington, ga. dis.
Quartermasters'
Vouchers, city-....--. 961s,@97
The weather has become quite mild during the
week, and the SNOW has nearly melted the indi-
cations are that there will he IA general rain, as
the mild weather Is general throu bout the entire
country. In consequence OF this, business has
resumed its usual activity ami ia groceries, dry
goods, and general merchandise departments
there has been a marked Improvement, country
merchants feeling that they can now trade with
out much risk
But very limited business has been done in
-four, though prices are fully Zoe higher than
they were a week ago. Wheat has not changed
essentially. but the demand has been chiefly with
the city millers Corn has huctuateda good deal
in consequence of the disturbed state of the dis
tilling interests and closed rather heavy There
was some demand from government contractors,
but the receipts having increased toward the close
there was Il heavy feeling in the market Oats
did not change much Very little done in bar
ley; prime meets with fair demand at 81 $50
81 63 for tall but the lower grades of spring are
almost un>aeab.e at over 81 % Rye advanced
to 81 81. because of scarcity. The receipts for
some tim have been quite light.
Whisky has been very much unsettled, indeed
the business in il has been suspended to a great
extent Holders were not willing TO make i'm
portant concessions, and spectators AS A matter
OF course Withdrew A bill taxing all liquors on
hand. foreign well as domestic the 18th of
this month. forty cents per gallon and all do
nestle liquors distilled before that date has
passed the House Of Representatives by a decided
majority. and Is nov before the Senate This
has produced great CONSERVATION among those
who have been buyng whisky speculation,
anticipating the additional tax which, il was
understood. would be imposed upon it. Specu-
lators meet with but little sympathy from the
public generally, but more especially under such
circumstances rs those connected with the liquor
taxing question; still. wise legisa tors should
permit themselves 10 do that which il contrary to
equity and TO the dictates Of common sense. if
not unconstitutional, because of their symDathies.
Retroactive legislation has always been regarded
contrary To law and equity, and not TO be toler
ated by any good government. We must Ger
tainy say we cannot be persuaded that Congress
will pass the bill as 1t now stands; but should il
do so. we think the President will veto il on con-
stitutiOns grounds
There has been an improved demand for dried
fruit owing to the report of the destruction of the
fruit buds, and prices ADVANCED.
In the provision market there has been A gen
eral quethess, in pork and lard, but considera-
bic amount of bulk meats were sold at very full
prices; those packing for the English markets
being the chief buyers; and this demand increased
toward the close, under the late advices from
Liverpool. where an active demand had arisen
for bacon aud hams Large orders were sent out
from this country in December, to buy bacon aud
lard, and no doubt that they have been the chief
cause of this demand Ii is quite probable. how
ever, that the minds of many dealers in the
English markets beginning to realize the
truth OF the large deficiency. and are buying.
The evidences OF al active spring trade are
becoming more apparent. Mess Pork declined
materially in New York during The week. which
added To the dullness OF this market for il. Yes
terday 500 brs city brand sold at $40 50, which
was the only sale of Importance made during the
week Ii was taken by Csuada House.
There was not enough done in lard To estab-
lish quotations Head and gut lard is dull and
declined &c. Grease dull but not lower There
was more activity in the grocery market toward
the close Country merchants having exhausted
their stock during the snow blockade have ruE in
to replensh them Prices are frmer but not
higher, excepting for refined sugar. which is &c
higher. There has been good demand for
clover seed At s. 80 Timothy advanced to 81
1908 80 Flax unchanged.
REA0E nc Ann AAnwEoc