Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-05-23
Prem Cincinnati Price Current Nay n
Financial and com rciaI Summar
for the Past Week.

Prom Cincinnati Price Current Nay II
Financial anG commercial summary
for the Past Week.
The demand for money has not improved any
but rather diminished. aud the market remains
very dull and lfele,s. and good business paper IN
demand at 6(d 10 per cent and but little such 7
offering. Capital remains very abundant.
Exchange has been dull and heavy during the
week. and rates have been somewhat Irregular
bankers occasionally drawing ut one eighth and
one 18th premium. and not anxious or indeed
very wiling to buy at par.
Gold is dull and the demand trihing as hereto
fore. Parties in this market have for IT,
aud rarely buy IL, and purchases made 10 hoard
are rarely made, and then only in small amounts
There Is an indisposition To pay over per cent
premium displayed by bankers, while the selling
rate Is $685. premium. which is regulated alto
gether by the quotations in New York. We
quote:
Buying. Selling.
New Ork-.. par a prem
Gold. .2@21 prem. $685. prem
Public securities have been rather dull in New
York, anc Government stocks declined 2a3 per
cent.
The despotism practised by the rebel leaders
upon the people of the Southern States, is truly
shocking. A gentleman who resided in this city
for many years, but has lived and done business
in Memphis for the last ten years, arrived here
from that city day or two ago. lie SAYS that
there are ten thousand hogsheads of sugar and
large quantity OF molasses piled up on the bank
of the Mississippi at Memphis. by order OF Beau
regard, to he destroyed soon as it becomes Ger
tain that the Government forces are about to oc
cupy that city. This sugar and mOlasses had
been purchased by the Memphis merchants, aud
stored ~ their warehouses. under the belief that
il VAS a better article to hold than the "Confed-
crate scrip" ami the Provost Marshal had order
ell them to haul il out on the river bank TO be
destroy ed, and in cases where the owners refused
TO do tins, which were quite numerous, the rebel
officer had it removed under his own order, aud
sold portion OF the goods to pay expenses.
Each family was allowed two h0gSheads OF sugar
and corresponding amount of molasses, for its
own use. and therefore no family, however poor,
Lut had this amount Our informant states that
the quantity of sugar and molasses destroyed al
ready Is very large that the heads fell out OF
large number OF the hogsheads and that he fire.
quentlv saw hogs lying in the sugar, having eat
en- all they desired The heat of the sun had
caused the molasses to eflervesce, and the bungs
had started, and a large portion of the barrels
were empty. Confederate scrip was stunned as
much a. possible, and. taken the standard,
gold selling at one hundr q TO one hundred
and twenty FIVE per cent premium. the supply of
gold being wholly Inadequate to the demand.
The weather has been quite clnngedble-the
warm and sultry, the thermometer ranging from
40 to 80, but il became quite cool Sunday night,
and Monday and yesterday fires were not only
comfortable, but quite necessary. It rained the
greater part Of yesterday, with chilly, damp at
mosphere The heat in the beginning of the
week caused vegetation to progress rapidly
Flour has been held rather firmly, but the de-
mand has been local. yet, the receipts being
light, holders did not seem disposed to make any
IN mo- tla a
mand as it arose, rather than force sales and sub
NIT to consequent decline. Superfine 81 o.
4 10; extra, 81 25a4 80 are the quotations FOR
these grades, inspectors standard, but family and
fancy brings 81 40i4 10: round hoop OHIO has
declined to 81 goa D in New York, owing 10 the
enormous receipts there from the interior, and
but limited export demand.
Wheat closes dull nc 90a93c for red, and 95i
Csc for white Corn advanced to 31a}Sc, and i'm
good demand. Oats advanced to soc, bus this
rate was not maintained Rye advanced to STA
5Sc, and is in good demand. Whisky has been
fuctuating as usual, closing at Isle. Butter
declined 2,3c per b. the receipts being large and
the demand only local.
All articles in the provision line have been held
with great hrmness, and mess pork and bulk and
smoked sides are higher. The demand for mess
pork is chiefly from New York to fill contracts.
Instead OF paying the difference. the contractors
are furnishing the pork. This must have most
depressing influence on that market next month
Sll0tll - were the current rates at the close
the lAtiet rate was offered and refused on Mon
day for Il certain brand. Good country packed
has been sold easy at Sill
The Government has advertised for million
and halt pounds OF bacon sides at Louisville
and ST Louis which has produced an active de
mand for them, and there being but little smoked
they have been bought to come out of smoke mt
614 W61sc, closing al the latter rate, clear sides
not being worth any more than rib; 700 hhds
have been bought the past three days at our quo
tations
In addition to the western demand for the Gov
eminent. large demand from the East exists to
fill similar contracts in New York and Baltimore.
This demand, in connection with the large amount
OF sides taken by England. has made holders very
firm and induced them to hold sides out of the
market that the offerings quite light. This
demand for smoked sides has induced demand
Tor bulk, and prices advanced To 534 c, and Mon
day and Yesterday 200,0 pounds were sold at
this rate, the market closing rather buoyant.
Shoulders smoked, or not, have met with a
limited demand, and hardly enough has been done
To establish quotations. In bulk they are held at
3lsc and smoked at &c. Lard has been dealt in
very sparinely, and would not bring over ga
1859; IL Is held at - faSc. Not much Offering
Head and gut are dull, and it is difficult to get
over 81 5a6c for the former. arrival.
There has been increased firmnesS in the gro
Gerry market, and sugar is &C and the lower
grades of coffee Iac higher. The demand from
consumers is better, and this with the favorable
adyces from the seaboard markets produced the
increased frmneSs
Hay has advanced 1913 per ton, owing to n
Government demand. Parcels of rev clip wool
have begun to arrive, and prices lave, to some
extent been established 20i22c are the rates
paid for unwashed and - to 30c for one quarter
TO one half blood washed. None of the higher
grades coming in vet. but medium is preferred as
the case last season. There is a large stock
of the higher grade of last years clip still on
hand. The clip this season is SAID to be larger
than usual and large quantity OF Kentucky
wool Will be brought to market, the factories OF
negro clothing in that State, having pretty gen
orally been closed This is also the case in Mis-
souii