Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-09-04
From the Cincinnati Price Current, August Is.
Financial and Commercial Summary
for the Past week.

Prom the Cincinnati Price Current, August IS
Financial and Commercial Summary
for the Past week.
The money market has not changed The de-
mand from acceptable borrowers continues light
but an opportunity no W being offered for secure
investment in the loan, there is less complaint
on the part of capitalists of the want of safe in
vestment. The demand for Treasury notes at
yI@9IR has been mere pressing from day to
day, and but few on the market. There is no
difficulty in borrowing money where the security
is satisfactory. at co. on call and l00l2 for
time paper. There is no sale for paper not re-
garded perfectly satisfactory as regards security
Exchange has been in moderate demand with
out alteration in the rates. and lrs quote as in our
last. The demand for gold is quite light:
Buying. Selling.
New York -.-----...-....-....... par y prem
Gold ......-....-..-.-..... y prem. y prem.
The new loan Of the United States is of two
fold character, namely, a currency and security.
The currency portion is payable on demand, with
cut interest The investment portion is Of two
classes.
L. Six per cent. notes, in SOS, zoos, 50Os and
zoos, having two years to run, interest payable
January and July. They are receivable for pub
lie dues, and are convertible into a twenty year
six per cent. stock. The notes are now selling
at Z(OZ1o per cent discount. Inc market 8
abundantly stocked with them.
?. Seven $40 per cent. notes, in Sos, zoos,
500s COOS and zoos, having three years to run,
interest payable January and July. They are
not receivable for public dues, but are convert
BILE into twenty year six per cent. stock. These
notes can be obtained at par by subscribing for
them, but il will be some time before they are
ready for delivery.
The peculiar rate of interest q 3.l0) per cent
adopted because it amounted to just two
cents per day on hundred dollars
The Treasury Department will Immediately be-
gin the gradual issue and employment of United
States notes of the convenient denominations of
.fUes, tens and ticenties, payable on demand, in
specie, presentation at the branch Offices of the
Treasury designated in the corner eff each note
These are now ready for circulation, and it is
probable that large amount of them will be put
into circulation at once, and as they will be re-
deemed in specie at the leading Eastern cities,
and mt Cincinnati and St. Louis, there caT be no
doubt that they Will circulate freely. The whole
issue of them authorized by the loan act is fifty
millions.
have full length portrait of America on the
left, standing on a globe, with the motto "E PIu
ribus unum" on the right margin is a portrait Of
Hamilton.
have Lincoln on the left an eagle in the center,
and on the right figure representing the Arts.
THE TwESTIEs.
have for a center visnette figure of Justice.
All three denominations well guarded
against counterfeiting, by combination and geo
metrical lathe work; and are further guarded
against photography and enlargement by green
ink. The work is done by the American Bank
Note Company
As we stated in our last, the New York, Pha
delphia and Boston bankers took $3.50 900. 900 of
the new loan.
The primary application of the Secretary for
fifteen or twenty millions for his immediate wants
through the present month and part of September,
was ultimately answered by proposition to tax e
the entire loan, not embraced in the $50 900 900
demand notes, and reserve of S50, 900 900 to be
negotiated hereafter in national funded stock at
6 or per cent. This arrangement is made in
connection with an offer to the whole people of
the country to subscribe to such portion of the
three years $40 per cent. treasury bills as they
NAV elect at an early day, TO apply for in sums of
not less than S50-the amount so subscribed to be
made part of the bank subscription, or to be de
Quoted from it. The proportion assigned to the
banks of New York is $50 900, 900, the whole to
bear interest from the 18th of August, and the
money TO be drawn for bSinstallments to suit the
mutual convenience of the banks and the Depart.
ment, hence to the LIST of October, at which time
the banks are to notify of their acceptance of the
second $50 900 100, TO bear date from the 18th of
October, and so on with the third option of $50,
600, 900 in December. The interest on all notes
above $50 is to be paid halfyearly, and on $50
bills annually. The banks of Boston TO hold
SO 900, 900, and to permit the country banks of
New England to participate to the extent of S.
900 900. The banks of Philadelphia have re-
solved to hold the SIS 900 900 assigned to them.
The weather has been quite changeable. In
the forepart of the week the heaviest rain ever
known in this city fell one afternoon. About
81 inches water fell in about an hour and half.
Since then the temperature has been low, ranging
from 90 to IS deg. in the day time, and as low as
45 and 90 deg at night This is too cold for corn.
and will make the ears short and badly filled
The demand for -four has been moderate, and
prices recovered the depression noticed at the
close of last week, to some extent, but Monday
and yesterday the market was again depressed
under the advices from England and New York
and prices declined fully l0c from the rates cur
rent about the middle of the week closing heavy
at 50 50(63 90 for superfne, 50 1903 80 for ex-
ira, and S4@4 Is for family and fancy brands.
The receipts are fair. but not excessive.
There has been an active demand for wheat
for export. and the sales comprise so 900 bushels.
closing at $50 2c for red, and 75982c for white,
the outside rates for Kentucky During portion
of the week prices ruled at 70 and CSC for choice
red and white, but the continued discouraging
news from New York induced buyers to hold off
last evening, and lot offer over the rates given.
The reason why this demand continues for wheat,
whilst for flour it is light. is this: In other years
the leading sea board markets have been supplied
with new wheat from Tennessee. Georgia and
Alabama, rid the South Atlantic ports but owing
to the blockade, can obtain none from thence this
season, and this being the only market in which
prime to choice new winter can be obtained East
ern millers come to this place to obtain these
grades to make their trade fancy brands of flour,
and for this purpose, the price is to some extent a
secondary consideration.
Corn has been dull throughout the week, but
prices did not undergo any change; ear, on arri-
val bringing %, though the distillers have been
endeavOring to buy at 81 but have not succeeded.
Oals have been in supply about equal to the de-
mand, and the market ruled steady at 23@24c. in
bulk, the latter rate for old.
Rye has been in moderate demand during the
whole week, at 40c. arrival.
Barley dull and prices are nominal. New is
offered at 45c. without buyers. There is no
disposition exhibited by brewers to buy this arti-
Gle.
Whisky declined to l3c. but subsequently,
advanced to l314c, with quite an improved de-
mand. The exports are greater than the re-
cepts.
Butter advanced &c per 10, closing at l3@l5c.
for the best parcels. Cheese unchanged
Spirits turpentine, owing to a scarcity, adj
vanced to 81 65@l 20, and holders, in some
cases, asking 81 rs. There have been some pur-
chased to go to Philadelphia. This article can
now be imported from Liverpool at good profit,
| for by the Canada we are advised that the stock
there being large, prices had declined 2s@3s per
cwt. closing dull at Ass. This is equal TO about
CSC, per gallon in our currency, and the United
States duty being l0c. per gallon and the freight,
say, l0c. it may be laid down in New ork at 90c.
ner Gallon allowing D. for cnntino encies so that