Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-05-08

The fact is. the large decline in the State stocks
upon which the issues of those banks chiefly
based, namely the stocks of the Southern States,
renders their notes of very doubtful value. The
progress in the Rebellion since our last, may be
summed up in few words-grand preparations
for the dread conflict. Business in the general
produce line and indeed in all departments is
thoroughly prostrated. shipments to the South
from this port are totally prohibited, not by any
law, but by the force of public sentiment This
is not the Mt other points below here, and We
understand that Madison, Ind, has been selling
provisions largely to Louisville during the week
so has Evansville. and SO has St. Louis, so that
whilst shipments from this point prohibited.
the South has been furnished with liberal hand
by other places.
The receipts Of -four have been quite light,
and with fair local and some export demand,
prices are fully 25c. per barrel higher, the mar
| ket closing firm at 81 50@$4 60 for superfne.
| There has been no important change in grain, ex
cept as regards rye, which has declined to 47c.
Oats are lc. higher.
Whisky very dull, though the receipts are not
much over one third the usual amount, yet they
were in excess of the demand. The ruling price
was l2lac, though some sales were made at he.
but the disters' agents are storing all they can
not sell at l21Sc, so that there is an accumulation
of stock. The alcohol dstillers have stopped
| generally, which, together with the cessation of
shipments to the South, curtails the demand to a
| limited local one. The distilers are curtailing
their business much as possible, and as speedi-
ly, as the business now is a losing one. without
any prospect of improvement.
The business done in the grocery market has
been quite light, and the sales confined TO small
parcels to meet the present wants of the trade.
Prices have not changed, though round lots of
sugar could have been bought upon easier terms
In consequence of the blockade of the Southern
ports. rice has advanced 70 6@7c, spirits of tur
pentine to 75@o0c, and tar, pitch and rosin are
held higher.
The Provision market has been very dull
Hardly any thing was done during the week. and
prices nominal at the close. There was some
demand for mess pork in the fore part of th'
week, at SIG 75@l6 81. but this demand fel
off at the close Lard sold to the extent OF 90I
tierces, at S18@9c., in the early part of thu
week but there no demand ut the close
Butchers lard declined 90 7c., buyer farnislIin,
barrels but even at this rate 1t Is not saethie "a
the close Rough tallow has declined to i14lSc
and dull Bacon has been neglected. and coull
have been bought to some extent al 6@Sc. R'lls
meats dull, no demand, though Offered al 5t971z
Holders have pretty generally arrived at the con
clusion that all articles in the provision line mus
be held for some time, and are making their ar
rangements to do this, so tnat there is not muel
pressing on the market.
| Shipments to any of the slave States are nov
out of the question, and the Southern river trade
| has been abandoned, ani he boats all laid up. Al
regards this city and points above; but not so n
regards any point west of this, and consequently
large shipments Of provisions have been mad
: from thence to the South during the week. Tn
shipments from Louisville we're so large that tn
people there became alarmed lest enough was no
ert for city use and in order to pacify the popua
clamor, it seems an account of stock was take
there Thursday when the stock was found TO b
% 900 bbs. mess pork, 4,50O,O 600 lbs. baco
shoulders /. 900 900 do. sides. and 5000 900 dc
! hams which we presume includes that in bull
We notice, however. that the Louisville AMI Nash
vile Railroad Company has given notice that N
! more through freight will be received to e. owe
that road We presume the blockade procaime
! by the Government, will he extended to the Obi
> and Mississippi rivers, and commerce upon ther
. be suspended
Hides dull and 2@3c per ID. lower. Leaths
5 dull and prices nominal There is no demand.
Business, in all departments except that cor
nected with preparations for war, Is almost sus
pended. which must lead to general extensio
of credits This seems TO be inevitable How
ever, the state of affairs cannot be a. bad a
many apprehend, because there must be larg
anOutt of the capital now lying idle, put int
circuiation in the way Of expenditures for th
war, and the amount will not be less than twent
million collars during tne next SIX months'
that business must be decidedly more animate
shortly.
1t seems quite probable that there will be
large demand for provisions, as soon the war;
weather sets in, as il will take conSderabl
amount to feed the half million of men whic
will be in the field soon besides another half mi
lion in camp for the protection of the differer
5 States The ninety thousand already enrolled ]
this State alone will require large amount c
salt provisions, that should not be surprise
If high prices would be realized within the mel
sixty days. much higher than now thought o
Beef cattle and live hogs have been in ligl
supply during the week. and the market rule
firmer. and prices of beef cattle are a shad
higher