Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-06-02
From the Cincinnati Price Current, May 2s.
Financial and Commercial Summary
for the Past week.

TIC uullu6SS Ill Tue luOucl uldIhCb NbItiuuCo
without any indication of mitigation; the demand
for business purposes is of the most limited ma
ture, and the amount of unemployed capital grad
ually becomes more burdensome, so much so that
loans have been made real estate mortgages
within the week at the low rate of per cent.
per annum. The fact is, our business men, in
stead of being in the market as borrowers, are in
it as lenders, nearly all of them having surplus
capital on hand. And when we look at the i'm
mediate future, there is no indication of any i'm
| provement, for some time at least.
The demand for exchange has been light, and
not equal to the supply, and the market ruled
dull and heavy-bankers selling to customers and
in round lots at Is prem; but as prem. is OBJ
tanned in some cases, we quote the selling rates
| 1ka4 prem. There has been an increased local
demand for gold, in anticipation of the speedy
opening of the Mississippi, by grocers, who want
it to take to New Orleans to buy sugar, it being
supposed that the dsaffected planters will not
take the Government currency until after their
take some time This demand but tempo
rary, and fell off toward the close. Wequote:
Buying. Selling.
New ork.. par 18a14 prem
Gold. .21a@23I prem. 314@4 prem
The stock of our two leading railways is firm
and in demand; sales of Little Miami shares
~ lO' anu VI W. IL. N ~ ~ lOof VII
Monday. Rates for uncurrent money have fuc
tuated some during the week.
The late homestead bill, passed by Congress,
opens all the lands owned by the Government in
quantities of not over one hundred ard sixty acres
to actual settlers
ANY person who is a citizen of the United
States, or has declared intention to become such
who is twenty-one years old, or the head of
family, or has served in the military or naval ser
vice of the country during this rebellion, can
make the entry on payment Of ten dollars, and
the fees of the Register and Receiver of the
Land Office. This is all the settler has to pay at
any time.
The act takes effect the LIST of January next
and requires a residence and cultivation of five
years to perfect the title. Any person can enter
under this act land on which he has pre- empton
claim
The weather has been clear and quite cool,
well adapted to the growing wheat crop, pre-
venting it from becoming too rank, and hardening
the stems, so that with continuance of this
weather two weeks longer, there need be little
doubt entertained that the crop will be large and
good On the whole, the season is favorable for
the growing crops, and most favorable for corn
planting, which is now about finished. 1t is "A
pleasing thought that notwithstanding the hor-
rors of civil war, which now desolate our land,
there are no indications that scarcity of food
will exist, as the abundant harvest of 1861 is
likely to be succeeded by an equally abundant
one in 1862.
The demand for flour has been light, but hold
ers being firm, have not pressed sales and prices
have not changed, though much higher, il pro-
portion than those current in the board mark
cts. Superfne 81 load Is; extra S4 25a4 80 and
fancy and family 81 40a5. In order to effect
sales of any magnitude, however, or if sales were
forced of even moderate parcels, lower rates than
these would have to be accepted. The demand
for wheat has been quite light, and the market
has been dull, closing at SSa90c. for red and 95a
81 for white. Corn dull and not salabe at over
35c. at the close Oats advanced TO 36c. but fell
back to 35a35I5 sc. Rye closes dull at Coo.
Whisky has been firm and prices advanced to
1870. but toward the close, the market became
dull and the advance was lost, and the market
was heavy last evening at 1870. Since the first
of September the exports of whisky show a falling
off equal to 10000 bbls. as compared with the
previous season, whilst the imports by river and
railway, show deficiency Of but 40 600 barrels,
but there is a large increase this season in re-
ceipts by wagon, which will reduce this def
cheney to % 900 brls, thus leaving $4,000 brs
more in the city than were at this date last sea-
son.
Linseed oil advanced to S5c, and is in much
better demand. Lard oil dull, and the supply of
Carbon, Coal, and Petroleum oils greatly X
ceeds the demand at our quotations This Pc
trOleum business, which it was supposed would
enrich those engaged in it, turns out rather un
profitable, hardly paying expenses; for at 6a7c
per gallon, at which the Crude Petroleum is now
very dull, after paying for transportation and
cooperage, there is but little left for the owner.
Butter and cheese remain unchanged and the
demand is but moderate. A moderate amount
of cheese is taken by army suttlers, and some
butter; but with this exception, the demand is
| local.
Beef cattle have been in better demand, and
at Mondays market prices advanced 25c per
GENITAL, but the supply being good, the market
closed less buoyant. Hogs dull at 81 50a3 %
gross. Sheep scarce and in good demand, at 81
gross. Lambs are selling at 81 5Ja2 so per
head.
The demand of all articles in the provision
| line, fell off toward the close, and the market
became dull and heavy. In the forepart of the
week, the demand noticed in our last for bulk and
smoked sides continued good, and prices ad-
vanced to 50 50 for the one and 63 1a61ac for the
other, but at the close smoked sides could have
been bought at 65sa6Ac, and bulk at 524a5 so
| lOOc. A moderate business done in bulk
shoulders at 31ac; the market, however closed
rather dull at these rates. $50 hhds bacon
shoulders sold Monday and yesterday at 334c
The dash made by the rebels on the Potomac,
and the commotion it produced, had depressing
influence on the market. Mess pork has been
neglected, and sales could not be made at over
$40 25al0 50, but holders are firm, and it would
be difficult, we Think to buy a round lot, of a
first class city brand, at much less than Sll.
Lard has ruled very dull, and prime city is of
fered at I &c. Sales could not be made at over
| 74a738c. Keg is held at Sc. Butchers dull at
6a614c. Head at 534a614c, and gut at 6laa65sc.
The candle manufactures are not buying to any
extent.
Sugar-cured hams are selling at 634a712c, the
latter am extreme rate for select brands. Common
hams at Size canvased, and do in bulk 4Iac, at
which rate there was a good demand in the early
part of the week. Sugar, coffee and moasses
have been in good demand in the jObbing way,
and the market is 6rmer. Molasses is lie peg
gallon higher, and coffee lal &c per To-, making
the range 2015 to 221sc for common to choice
Rio, and even these rates too low, compared
with those current in New York. Molasses we
now quote at 46a47c. Sugar remains firm at
| the prices current a week ago. As soon the
Mississippi is open, effort will be made to pro-
cure sugar from Louisiana, or elsewhere on that
river, as large quantities of it have been bought
on speculation or as an investment with the reb-
ell currency, the sharp ones fOreseeing that this
currency would eventually become worthless
this we know, was done in Memphis to large
extent, and no doubt the owners will be glad to
exchange it for good money at a profit OF two OF
three hundred per cent. As regards moasses
that not reboiled is now either soured or greatly
injured, and is not fit for this market; and for
| this reason we think that nrime New Orleans mo-