Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1861-08-14
--f.-.s Prom the Cincinnati Price Current, August !.
Financial and CONNIE rcial Summary
for the Past Week.

-.-,. From the Cincinnati Price Current August !.
Financial and Commercial Summary
for the Past Week.
Financial matters in our city continue to drag
on in the usual quiet way, capitalists and bankers
extremely cautious and very careful about invest
ments, and refusing to take any but the very best
paper. which still can be negotiated at lO@l2
per cent. for sixty days, and 6@I per cent. on
call Exchange ruled dull and the selling rate
given in our last was but feebly sustained during
the week, and at the close general decline of
IA of one per cent. was established, the market
closing at ID prem. the selling rate for bank
ers' checks, the buying rate being par We
quote:
New York. ACKNOWLEDGEMENTS. par u prem.
Gold ...-.-.---.-.-..-..-.-.--... = prem. p prem
Missouri currency improved per cent, clos
ing at las discount Louisiana declined to 56
discount. Interior Pennsylvania advanced TO 2
discount. Maryland to 3 and Michigan to 2.
First class Illinois advanced to Is discount, and
second class to 30, being an improvement in the
former of and the latter of III per cent.
The two year treasury notes may be quoted at
95@96, with more of a settled market. A sup
plement to the loan bill recently passed by Con
gress authorizes the issue of treasury notes to the
amount of fifty million dollars of as low a de-
nomination as five dollars; these will undoubted-
ly 90 into general circulation and take the place
of the hordes of bank issues by which the West
has been swindled the last few years. These
will constitute national currency, but no doubt
the bank men will try to cry them down. Itseems
to US, however, that Congress should have pro-
vided some way for their redemption in coin when
presented. in order to give them general curren-
cy and the public full confidence in them It
should be remembered that all the money spent
in this war will go into the hands of our own
people, and that, therefore, the nation cannot be
impoverished by it.. Had we to send to foreign
countries for all our war material including pro-
visions, then the process would be an exhausting
one indeed, but such not being the case the enor-
nous expenditure of money will be but circulat
ing the amount at home, and our own citizens
will have all the benefit of it.
| The weather has been intensely hot the greater
portion of the week, the thermometer ranging
| from IS to 80 degs. during the day time. This is
the temperature the corn needed, and will insure
good crop beyond probable contingencies.
Weseen some samples of spring wheat, brought
| from Marshall and Putnam counties, Illinois,
since our last, which would indicate very poor
yield; the rust had injured it badly, particularly
/ the kind called Canada club" Now that thrash
ing has become more general, it has been ascer-
tanned that the yield of winter wheat is light, much
/ lighter than had been expected; the yield in many
cases not being ten bushels per acre, where fifteen
had been expected. The grain is not generally
well filed, still there seems to be but little doubt
that the result of the crop is fair average.
Flour has ruled dull and heavy, and it has been
very difficult to sell parcels of any magnitude
without submitting to decline below the views
of holders. Superfine has been offered the last
three davs of the week at 50 50603 60; extra at
50 1908 SIS, and family 50 9O0o4, the latter
rate for white wheat, without leading to anything
beyond limited local trade. Yesterday good
superfne could have been sold at SO so, but it
was held mt 50 60, and there seemed to be no in
qury for the higher grades.
| There was an active demand for wheat, chiefly
for export to the East and North. and prime new
red sold at zoe, and white at S06S3c, and the
market closed firm, with supply hardly equal to
the demand, at those rates The demand is for
prime to choice and grades below these meet with
a dull sale at 6O@65c for red, and 70@75c for
white.
Corn has met with an active demand, and the
supply being light at the close, prices tended up
ward The current rate for has been 25c at
the lower railway stations, but holders asked 29c
at the close.
Oats have not changed much. old selling at
23c, and small parcels new at 22022I5c.
Rye declined to 40@42c, the latter rate from
store
Barley remains inactive though spring and fall
is held at AZ 050c but dealer are holding off, and
prices must be regarded nominal. Whisky adj
vanced materially, a speculative demand having
arisen under the new excise law, but the market
closed rather quiet at l514c. One party purchas-
ed 5000 brls, under promise from the surveyor
of the port that he could have permit to ship to
Cairo, Illinois, but the absurdity of making such
shipment to Cairo indicated pretty clearly to the
minds of business men that there something
| wrong in the matter, notwithstanding though the
buyer was from Illinois, and had letter from the
| Governor of that State indorsing him as good
and loyal citizen, but public sentiment branded
''swindle" upon the face of the project, and the
Surveyor had to reconsider the matter. 1t was
stated that the whisky really intended for Pa
ducalI, Kentucky and destined, matter of
course, to Tennessee to stimulate the rebels, in
their work of destroying our Government, and
consequently could not be tolerated. Mr. Carson,
the surveyor, made an explanation, but failed to
satisfy the community. 500 brls. WERE however,
shipped to Cairo. Monday night, but it was stated
that the barrels were marked for Paducah. The
stoppage of tho large shipment, however, rathe-
dampened the market =
Butter and e!L:.eese did not che during tho
week 'Se uuri"S '"e
:~eef cattle very uull, and prices fully 4005O
per Genital lover. The supply was not large, but
the demand vas light, and the market closed
very duh &c the decline; prime to choice selling
at y SOAP so per GENITAL gross. Average good
steers and hefers sold at the low figures of 81 80
al IS per GENITAL. These are the lowest igures
which have ruled in this market for fifteen years.
Hogs unchanged, and selling at 81 1908 %
Sheep dull and lower, selling at Sl@2 so each.
Lambs dull at 75@l so.
Lnseed oil declined to 46c., at which rate 300
brls. sold on Monday Small lots bring 50@5l
Lard unchanged. Coal nominal. Burning Fluid
advanced to Soc, end spirits turpentine to $50
90c.
The provision market has been rather more ac-
tive and prices ruled shade firmer. Mess pork
sold to extert of 100 brls. at Sl4 50, closing
quiet at this rate Bacon has been bought more
freely, and $50 hhds. sold at Sc, 6140736 for
shoulders, sides and clear sides; 7@714c for COM
mon hams, and &c for sugar cured. Bulk should
ers met with fair demand ut &c, and there were
some sales of sides ut Sic.
Lard has been in better demand, but there is so
small stock here that it is difficult to buy any
thing like round lot; Sac is offered freely for
fierce. and SIC was paid for small lots. Keg is
held ut S31c, and there has been a demand for il
from New York to supply the Havana trade which
is now being supplied from that city, instead OF
New Orleans, as heretofore.
The grocery market has been quiet, but firm;
the demand has been fair in the jobbing way, and
a moderate business done by the importing houses.
Full prices have been realized, holders being very
firm, except for refined sugar, which declined to
Zoe for New York standard The duty on coffee
sugar and {: a, has at length been agreed upon
being &c per pound on raw sugar, 31sc Oh coffee
and 10 cents per pound on tea. These rates are
much below what was at one time anticipated
but this does not seem to have depressed the lew
York markets. but on the contrary prices of cot
fee advanced there &c and sugar &c the past
week. The whole range for sugar is 1890,
for coffee l414@l6c, and for molasses 81 @33c
Owing to the increased duty on foreign liquors
prices have advanced fully 25 per cent, DO b. as