Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-08-28
From the Cincinnati Price Current August Z.
Financial and Commercial Summary

From the Cincinnati Price Current, August7.
Financial and Commercial Summary
for the Past Week.
Business continues very dull in financial cir
ces, and but little first class paper Offering which
is in demand at i00l2c for GO day, and Ga &c on
call Capitalists find it exceedingly difficult to
make profitable and what they regard safe in
vestments. An advance in treasury notes in New
York induced active demand for them here,
and rates went up to 96ls@97, and but few Of
fering at the close.
Exchange has ruled dull, without change in
rates. We quote:
Buying Selling
Gold 4 prem. : prem.
The taking Of portion of the Government loan
by the Bankers in New York, Boston and Phila-
dephia has had favorable effect on public Sc
curities, and impaired more confidence, still it
cannot be Denied that the real or apparent inef.
fciency displayed in the management and prose
cution of the war, has general depressing effect.
and until more energy is manifested, the whole
people of the loyal States will feel discouraged;
but, on the other hand, energy on the part of our
public officers, and success on the part ofthe army,
would at once restore confidence The late bat
tie in Missouri, in which some four or Eve thou
sand of our troops had to fight at least four times
this number Of insurgents, in which the losses
were large, including one of the most efficient and
popular of our Generals-the lamented Lyon
has been a source Of great Encouragement, not
withstandins the bravery displayed by the United
Statesforces At the close OF the week IL was evil
dent that an attack on Washington was expected.
lfthis should take place. it is hoped that our forces
are prepared to meet it. and that the result will
be thorough defeat of the rebel army, and this
will at once restore confidence in the financial
and commercial affairs of the loyal States.
The weather was cool in the forepart Of the
week, owing to the unusual fall of rain, and
the temperature was down to so, and one night
there was light frost. 1t became warmer at
the close, however, and seasonable for the
corn. ~
Under the influence of advices from New York
last Friday, the -four market became very active,
and prices advanced fully l5@20c per bl. 1t had
been dull the previous part of the week, and but
little demand, but upon the receipt of this news
a brisk speculative demand arose. and about Z :
600 bbls were bought. Saturday the news was
less favorable, and the market was quiet but
firm. Monday the report of a decline in New
York unsettled the market and there we're no
buyers, and prices became nominal. And this
was about the state of the market yesterday.
There was not much offering, however, and it was
pretty clear that good superfne would of brought
sold at over 50 1903 so, and family at 50 $500,
which rates are 25c below those current, last Fri
day, under the excitement.
Wheat advanced SC at the time -four did, and
choice red sold mt e5c, and do. white at Csc, but
Yesterday S0@90c were outside quotations; the
range being 70(6s0e for red, and 60@90c for
white. Corn has not changed, and has been in
good demand at 2Sc. Oats, under light supplies
and good demand, advanced to 24c for old and
23c for new, in the early part of the week and
closed firm.
Rye steady, and in moderate demand at 4Oc
on arrival
Barley remains dull and heavy, and prices NOM
na; there is no demand. Prime fall can be bought
at SOC.
Whisky declined to 1879 in the early part of
the week, and ruled rather dull at this rate up
the close.
Spirits turpentine advanced further, and 80
bbs sold on Monday at 81 25, and at the close
holders asked 81 500l 60. Tar and rosin are
also higher, but the market is unsettled.
The provision market has been more depressed
and holders have shown more anxiety to sell and
concessions have been made on mess pork, bulk
pork and bacon, but the demand remains, never
theess, limited; the truth is, dealers will not
speculate at any price, but buy only as they need,
SO that even an important concession of prices
would not increase the demand and as much can
be sold at the prices current week ago as those
now current Mess pork declined to Sl4 at
which rate 500 bills sold on Monday Bacon de-
clined to ), 6 and for shoulders, sides and clear
sides, and small parcels were procured at rates a
shade below these figures in some cases &c Bulk
shoulders sold at 4c packed, to the extent of co.
OOO lbs, but there was no inquiry for sides, and
they must be quoted nominal at ) and &c.
There has been good demand for lard and
900 tierces sold at 6@e1s, including lot of city
rendered yesterday at the inside quotation. Keg
may be quoted at S1a@S34c, with sales of 900
kegs during the week. Rice is scarce. and about
the middle of the week all to be had below &c was
bought up, and The current rates the last three
days of the week were 1914. 1t is worth &c in
New York.
MolasseS further advanced &c, and closes buoy
ant at 36@37c. The demand has been but mod.
crate. but holders having strong faith in the
price going up to Acc are not free sellers. Sugar
remains firm, and the demand fair at s9914c for
low fair to choice New Orleans. Cuba sells at
715@Sc.
the market has assumed heavy aspect, though
prices cannot be quoted lower, the whole range
being l414@l534c for inferior to prime, and l6c
for strictly choice.
Butter and cheese unchanged. Eggs advanced
to she, owing to a lightly supply.
Hay 81 per ton higher, the supply not being
equal to the demand.
Butter 203c higher choice fresh being very
scarce.
Linseed oil dull. and hard to sell at SOC.
Beef cattle 50@75c higher. and in fair demand
with but moderate supply.