Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-06-26

The demand for exchange has been quite
light and the market dull, with a slight decline in
rates. Quite "a speculative demand has prevailed
for gold. and the ! 3 10th and old demand Treas
ury mites; but excepting gold. the rates have not
essentially changed. Gold closes decidedly
higher. In consequence OF the low rates TOR ex-
change, the notes OF Eastern banks have been
placed at "A discount of q of l per cent. The
quotations for all at the c,ose were rs follows:
Buying. Selling.
New York;. 1s@4 dis. par.
Gold....-....... $40 prem. 7A@s prem
Silver........ -. 81 prem. , prem
Demand notes.. go prem. -.
: ) 10th do -. $685. prem. -.
The market closed very much unsettled for
gold and demand notes, and our quotations are to
some extent nominal.
The tax Lill has at length passed. both Houses
OF Congress, and now neeiS but the signature OF
the President To become a law. The tax on
WHISKY has been fixed as we have long supposed
it would be, namely: on that distilled after the
time when the act goes into operation, winch is
the lst OF August. and the rate is 20c per gallon.
The clause taxing rectihed and manufactured
liquors has been stricken out.
Ii Is though that the committee made a mis-
take in deierring Its operations till the first of Au.
gust. but it will probably take all the intervening
time to appoint officers and put the machinery
into operation.
The passage of the bill produced great excite
ment la the whisky marke', and prices advanced
lie per gallon in New York and 2l5c per gal
Ion in this market yesterday. Dt>ullers had
gwen out the general understanding that AS soon
~ the tx bill went into operation they would, "a
a matter OF necessity, have to stop; but this we
regarded doubtful. 1t is true they could not
compete with the stock on hand in Il home mar
ket. but they can successfully in a foreign mar
ket. in the shape of alcohol. in this way. On all
the alcohol shipped after the 1t of August to
foreign countries. the bill allows a draw back
equal To the tax: but the shipper rust prove that
it has paid this tax. which he can not do it it has
been made from whiSkv distilied before that date;
therefore 10 alcohol made from whisky o" hand
now or distilled before August can be shipped
abroad. thus opening the foreign market To dis
tillers. and this foreign demand will be good. rs,
OWING to the low price of grain, spirits can be
made at l4c per gallon ami pay "A fair profit. and
at this rate the foreign demand will be very large.
IL j. quite likely that the consumptive demand
for whisky tor home use will lie extremely light
after the tx law goes into operation, but specu-
lation between this and that time will probably
forre the price up To SOC, and this will induce a
desire to re ,lize, as the profits will be large, and
a consequent reaction.
The weather has been unusually cool. and on
last Wednesday night there was a light frost, but
not enough 10 do any injury. Rains have fallen
ut intervals. keeping the earth moist. which
would have produced raid vegetation had the
temperature been high. but this WAS not the case.
Corn Is doing well. the plants being very healthy
ami vigorous. though rather backward; the fact
Is. the temperature his not been up TO the point
suitable tor corn; still there i ample time, and
with average J ak and August weather IA large
crop may be looked for.
The complaints respecting spring wheat con
tinue to reach Us through our exchanges, and it
may result seriously To the crop of tn vtriety
IN some districts of the Northwest. We intend
70 have definite advices on this point in due time
Flour has rulei very dull and the dem md
light. Supeihne has been offered At 81 sob 30,
and extra II SID 10. inspectors standards with
ont meeting With much demand. Family ami
and fancy brands are taken to a limitel extent 10y
the city trade at 81 25d4 ~.
Wheat closes dull at o0ac5c for red and GA
95c tor white The advance in whisky induced
an advance of lc ola corn and rye. the former
closing at 32c and the latter 1t 46c. Both hid
been ruling a cent a bu>hel below these quota
tions during the greater portion OF the week
Oits advanced Ia Sc. Whisky advanced 10 2ic
Yesterday and closed %buoyant.
Butter declined L. per 10 and i in large supply.
Linseed oil advanced To e9a9lc, but the de
mand l. moderate; the stock. however is quits
light. Cheese declined &c.
Deer cate nfNe Ocen III iaf-e supply anu tc
clinel she per centil gross. Hogs are 25i3OC
per GENITAL lower and dull: good slop fittei sold
at 50 %. aud the best corn ia'ted would not bring
over - - per GENITAL gross Saeep in better sup
ply and prices easier; 50. , % per GENITAL gross
are the quotations.
la the provision market there has been n con
tinuation OF the depression. with the execution Oi
lard and Sugar-cured hams.
Mess pork has not been inquired for. and city
brands have been offered II so TO so 81. ana
country II - ~ To $40. Bulk pork neglected
and no demand. \ party who neeiel some Il
fill his SNAKE house. paid SIZE yesterday. for
about 5000 lbs. rib and clear sides, about al
equal portion of each: and this was the 6nl,
sale we heard of during the week. Bacon Ia:
also been neglected. and prices are merely nom
nal. Sh uhiers can be bought ut 3tst3Ssc. anc
sides at 6t6i4c. the latter for clear. Common
hams. canva~eI. sod To a moderate extent at 80
a6L4c. according TO quality. and there has beer
quite an active lem md for sugar cured at &C. ans
At the close the best brands were held 1T Size
A very light demand beng anticipated tor thes'
hams ia the winter. but a moderate amount were
cured: the densend, however. was much large