Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-10-09


The NewYork, Philadelphia and Boston banks
have agreed unanimously to take the second fifty
million of the National loan, which, with the
large amount already taken by the people, in
sures the entire success of the $3.50 900, 600 ask
ed for. This confidence in the Government in
the very face of disaster is remarkable, and DEM
onstrates beyond doubt the faith the monied
men of the nation have in the ultimate sue
cess of onr arms, and the final triumph of our
cause.
Sterling Exchange has again declined at New
York to a safe specie importing point which is to
be attributed to the greatly diminished foreign
importations and increased exports of our pro-
duce There seems to be hardly any DOUBT now,
that the deficiency caused by the absence of cot
ton and tobacco exports, will be more than CON-
pensated for by the falling off in the imports Of
foreign goods, and the increase in the exports of
the produce of the loyal States. The consump-
ton of foreign goods WAS enormous in the South
ern States, and this demand not now existing,
will render the wants of the country quite small.
We give in our present issue extracts from the
English and French journals, regarding the wants
of England and France for breadstuffs, growing
out OF a deficient harvest in these countries, TO
which We have called the attention of our readers
in previous numbers of our paper and these ex-
tracts fully corroborate the accuracy of the state
ments We have made. We presume there is no
longer any doubt that the extraordinary foreign
oCinsAIN WHICH SAlctcu tut our DTclucLullS last
year will be continued this season also, and that
prices will rule fully as high In this country as
they did last season. The average price of SUI
pertne -four in this market last year, was 81 As.
We think there is no doubt of the average of the
present season being as high as this, so that the
price now (S4) is 45c below what NAV be reason
ably expected to be the average England will
not need as much this year as last, but the want
of France will fully make up this deficiency, and
perhaps more than this, whilst we have less to
spare. The facilities for transportation from the
West 10 the seabOard. to which we alluded in our
last will be great drawback upon prices, as the
various railroad companies will not only be en-
abled &c obtain such rates of freight they may
see fit to ask, but their railways will be wholly
inadequate to do the business, and hence New
York will be the great field for spectators this
year, as the supplies from the West can not be
sent forward during the winter months, and thus
will produce short supply in the Eastern mr.
kets in January and February, and consequently
light shipments to Europe and high prices in Eng
land and France. and consequent high prices in
the Eastern markets. aaef
In other seasons about this time contracting
for hogs has been general, and last year there
was considerable excitement in this line, but this
fall there is nothing uoing whatever, the leading
spirited operators are not in the Market and all
are indisposed to do anything; they fear the fu-
ture, and regard it so envelDped in uncertainties
gagements with reference to Il even sixty DAYS
hence Not word said about English bacon
this year, OF home demand for anything in the
hog line, and the only sale of hogs we have heard
of was lot of IS head now feeding in Butler
county, TO be delivered about the middle of this
month to one of our city butchers at 50 per Gen.
tai gross. To be brief. there buyers Of
hogs for November delivery, except at prices no
owner would think Of accepting, and he..ce moth
ing serious has been said about the matter None
OF our packers are sure that they will do any
thing, because they cannot make any reasonable
estimate of what viii be the aspect of affairs in
November, and hence they prefer leaving ALI till
the time comes, and then act according as cir
cumstaDces may dictate. There is no doubt
that there is good supply of hogs in all the
States, which usually feed them to any. extent,
but from how many of them they will or can be
brought to market it is impossible to say.
Whilst Missouri is overrun by the rebel army, of
course no hogs will be brought to market from
that State, and the same may be said of Ken
tucky, and should Cincinnati be menaced a
month hence, there viii be few hogs packed here;
50 then the whole matter of supply and prices
turns upon the progress of the war, and whether
the United States forces shall be victorious, or
otherwise. the next sixty days
The weather has been quite cool, the thermom-
eter ranging from 40 q go. There were light
frosts at night
Very heavy rains fell in Westers Pennsylvania