Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-10-16
From Cincinnati Price Current, Oct. Is.
Financial and Com me re ial Sum mary
for the Past Week.

A large advance in coin and sterling exchange
were the great absorbing events of the week, and
produced great excitement and commotiOn in both
financial and commercial interests. general
advance in prices of all kinds Of foreign goods
and in such kinds Of domestic produce as could
be exported 10 foreign countries. Railway and
State securities fuctuated largely and suddenly
and so did Government securities, but not to as
great extent. The leading aspect of affairs is
decidedly more unfayorable, and the future is
contemplated by business men darker and
more unprOmisng but why this is so il is not oCs
province TO discuss. The demand for money is,
as heretofore, limited and the market easy at Ga
10 per cent, with the usual anxiety to make safe
investments.
Exchange has ruled shade frmer. with fair
demand The advance in coin during the week
was per cent, and the market closed bu0yant at
our quotations, which, with the rates of exchange,
were the quotations at close last evening.
Buying Selling.
New York. IA dis@par "a prem.
Gold. ......... 2sa3O prem. 3la52 prem
Silver. ...23@24 prem % prem.
Demand Notes. .24a25 prem. .....
The advance in gold produced a large specula-
tive demand for vaeiOus articles; indeed prices of
all kinds of foreign goods advanced largely.
Flour, wheat, pork and lard also advanced, with
speculative demand in all the leading markets.
This advance however, is but nominal, for taking
gold as the standard, no advance has taken place
in any article, but many articles which seem to
have advanced in price have in reality declined.
the nominal advance not being equal to that OF
gold
The weather continues dry, but marked
change has taken place in the temperature since
our last, it being down to 90 and 90 degrees in
the day time the greater portion OF the week.
Heavy rains have fallen east, north and west of
this place. but none OF consequence here
An active demand has prevailed for flour and
prices advanced 81 per barrel, superfne closing
at So 20a5 %.
Wheat advanced to 81 % for red and 81 20 for
white, and holders at the close asking further
advance.
Corn has not changed.
Oats in speculative demand because of the
shortness of the crop, and new is worth 45c and
old Soc, and hot much Offering.
Barley is scarce and not To be had less than
81 25al -.
Whisky, because of the advance in gold, add
vanced To 33c, and is in speculative demand.
Cheese is up to &c.
Butter has gone up to Doc.
A speculative demand arose for mess pork and
prices advanced about 81 per brl. closing at $40
GlO 81; 25O brls city sold at the latter rate yes
terday, but the demand was not active, nor could
large sales have been made at over $40.
Bulk meats and bacon, as regards shoulders
are higher, and irmer regards sides; the large
army demand having stitfened the market, and
also developed the tact that the stock il not vet
in a corner. The prices paid by the Commissary
at Louisville, are no criterion, as they not only
included transportation from this and other places
to that, but also the necessity of packing il in
tierces or boxes Bulk shoulders are held at 1sc;
bulk sides at Size. Bacon shoulders at AZ a5c;
rib sides at &c, and clear CSC. All but the first
quotation for shoulders. including packages.
100 900 lbs. bacon shoulders sold yesterday at
434c loose. and 80 600 lbs bulk do. at 41ac.
No demand for hams and prices are nominal.
The stock of prime lard is exhausted; the last
sales were made at &c, but second quality would
bring this price at the close. Butchers sold at
Size without and s. &C with cooperage, and it is
very scarce
Grease is up to 6s4a7s4c. the latter rate for
white.
Linseed oil advanced to 95caSl and 80 brls
sold at the inside rate yesterday. This is owing
to the advance in the East, ant a general conse-
quence OF the advance of gold.
\ buoyant market for groceries. and coffee is
lie higher-air to prime - i26c. Sugar and mo
lasses unchanged The stock is light of all ar
ticles and the demand good Beef cattle ad-
vanced 25c and the demand better. Hogs are
firmer but not higher Sheep frmer
There Is pretty strong GeSire TO make con
tracts for hogs for future delivery also for lard ;
Dut as matters now stand, none are disposed TO
sell in this way; Slal % have been offered for
hogs and it is not improbable that 81 30 would
he paid. in view of the sudden advance in pro-
duce; but il is doubtful that even this would
tempt parties sell. Lard would be taken freely
at &c for November. An impression prevails
that the rebels had driven off most of the hogs
out ct Central Kentucky. Such is not the case.
We learn. and that with the exception of some
taken for present use by them, he whole crop is
still in the hands OF farmers anu the hogs in
good condition.