Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-10-23
From Cincinnati Price Current, Oct. -.
Financial and Com me rciai >um mary
for the Past Week.

WIEN
The speculative movement in most kinds of
produce. led To an increased demand Tor money.
and the market has. therefore, teen less EASY. but
all good paper offered taken At eil0 per
cent. Gold has tuctuated largely and suddenly,
and a large decline has been established, partly
owing % the tact OF its having been excluded
from the New York stock board, and bankers re
iu-ng 10 make loans upon deposits of IL. on the
T funds that the speculative movement had been
iOstered by tue previous course. aud the credit ~
the Government thereby injured. This caused
immense agitation ia the IN 'rket for coin in all
the leading markets. aud the week has been as
remarkable for general decline in prices OF pro-
duce the previous week for advance.
lmp-rtant changes we're OF hourly occurrence.
and prices became greatly unsettled. Exchange
on the Eastern cities has not undergone any al
Ieration; the demand has been moderate.
Silver declined ia tile same proportion as gold,
and did demand notes, tut al the close the
market for all had assumed "a stelder aspect
aud was hrmer under the advces from New York
The closing quotations were follows last
Mug:
New York. .............p par IL prem.
Cold ........... .24025 prem. 81 prem
Silver ................2 ~ prem % prem.
Demand Notes. .20@22 plem.
The buoyant and excited market mentioned in
our Last. for tie leading art Giles If produce, his
been followed by large decline ia prices and "A
week of great depression. The decline in gold
unnef we'd spectators. and they generally with
drew from the market. The previous week they
ell it 40 per cent. prem. the normal
value of gold; but the past week they wondere,
they were not able to perceive the absurty of
such opinion. Then they thought they built
thei, theories OF advance upon IA solid basis
but now they feel that il was "a unstable a. the
winds. IL Is true that Il e prices OF all kinds o
foreign goods and most articles of domestic
goods, and most articles of domestic produce.
will he re. ulaied by the price of coin; but il is
just certain that it will be regulated 10y the
IN amer i'm which the rebellion il suppressed, or
IN other words. the war prosecuted. and this H.
extremely uncertain, II necessarily follows That
there IS great uncertainty regarding the ups and
downs of prices. Flour advanced 81 and wheat
l5c but all tins wa lost early la the week. and
superhne -four. which had advanced to Sc 80,
declined Ia S.. and thrn advanced To So 25
Wheat went up to 81 % for red. but Tell back
10 ST. and closed at 81 W. Corn did not undergo
much change. hut oats advanced To Soc Tor new
aUd 55c Ter old Rye went up 66 but fell back
To bl. Barley very scarce, and wanted at 81 25i
! 30. Whisky advanced To Sac but closes dull
Butter is 2,3c higher and the supply wholly in
adet u tie 10 the demand Cheese advanced to
90. and in good demand
any magnitude would not bring these rates OH
arrival
Lard oil is Zoe higher. and in good demand.
Star candles are la2c higher, and tallow candles
lie. Soap has advanced sc. The stock OF star
is very light. and the tendency is still upward.
Mess pork advanced to Sll. and / 900 brls
city sold ut this rate. but subsequently it of
fered at $40 81 without finding BUYERS. Bulk
meats and bacon have been held FIRMLY but tile
Ia i'm h.s haon L.bf .Iv al
being that from the Government Bulk shoul
ders may be quotei at 414c Smoked at 434c
loose. though held at Dc; bulk sides DC and smoked
do at So aa6, the latter rate including pack ages
Clear SUES still offer ed AZ SIC packed Moth
ing done in lard for the want oil stock Bntch
ers is taken quick as it is made ut e331s9c,
packed in tierces, and SIC without cooperage.
Grease is very scarce. anu orders of any magni-
tude for it could not Toe filed.
Salt is in active demand and prices higher
Coarse Liverpool is up TO 81 % per bag fne. the
same; Syracuse. So 81 per brl. and the supply not
nearly equal To the demand: Turks Island, 56a
5cc; kanawha and Muskingum. 6Oc per bushel
The rebels have escaped from the kanawha Val
ley. They did not destroy the salt works as has
been reported and d not succeed in securing
5000 barrels salt, and portion of that they
left in the mountains, for want of transportation.
No salt. however, can be brought from thence
until there is a rise in the river.
The grocery market has been firm, and sugar
is isc higher. and coffee &c higher. but the
ket closed quiet though holders were firm. The
Government demand continues good for sugar.
coffee aud rice, which tends to swell the business
doing.
There is very little New Orleans molasses in
the market and hardly enough is doing in il to
establish quotations. Sugar house Is selling
As 52c. tits this kind which supplies the place
/ of New Orlesus.
The crop OF Sorghum raised the past summer
/ is beyond all previous precedent, and there is no
doubt that the molasses made from il will con>ti-
tu'e the chief consumption this year throughout
/ tie interior. The process OF making il has been
greatly improved. and the quality ut that now be-
ing made l. good, and the syrup, when refined, Is
very superior.
Pepper, alspice and all kinds of spices are
I higher. though the demand i light.
i Beet cattle are Doc hi CHER anu The demand has
been good: one of our packers bought quite free
". Tie receipts add up 2OO head, and the
market closed trm at 50 "a for prime
! Sheep are in good demand at S3a3 80 per cen
tai gross.
The demand for hogs has been quite active and
prices are Doc higher. prime tat bringing 50 10
gross.
With regard TO the demand for delivery in the
packing season. the week opened with active
November. but the decline in gold and sterling
exchange wholly unsettled the market. and buy
ers tell back s4a4 %. and holders who had
been asking IS were ANXIOUS 10 contract AT 81 80.
| and 80 the market closed. There is no doubt
that the high prices will increase the crop. as il
has induced feeding 10 a Larger extent than had
been anticipated or intended by farmers while the
price was nominally So or thereabouts.
The adviees We have from the interior lead US
20 the conclusion that the crop viii toe fully
large as il was last season. and the hogs we'll
| fstted. The arrangements made TO pack for the
/ English and ether markets in the OH World, ex-
ceei anything ever thought OF before. and. un-
/ less some mighty change should take place be
tween this aud the middle OF December. the great
bulk of the crop will be packed in boxes. and it
aud the lard shipped 10 England and the cont
nent and the high price OF cooperage and the un-
usually large stock of old bril- pork on hand will
deter dealers from packing in this shape This
beng the case. then. the price will be regulated
alto- e,her by the rates OF sterling exchange. and
that by the prosecution OF the var. and hence IL
/ that We regard the trade in pork prospeetively
IA dangerous position. liz may prove profitable
or che reverse. the chances being about equal IN
boih aspects Of the case IL j. quite probab Z
that Tie conn etiiiOn will be strong and that this
will lead to sh prices seem inevitable.