Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-08-25
From the Cincinnati Price Current, Aug. 20.
Financial and Commercial summary
for the naSf week.


The money market continues to rule easy and
rates of discount are generally lower.
In New York the call loans are quoted at 3a4
per cent, and n dull market: the demand for
money at these rates being inadequate TO the
offerings.
In this market call loans can be made at per
cent and first class thirty day paper is taken at
per cent, and sixty and ninety day paper at ga
10 per cent. There is very little use for money
with business men, and hence the circumscribed
demand for it.
The events of the week have been, on the
whole, not diScouraging, though they have
been interpreted in New York in such way as
to put up the premium on gold fully 2 per cent,
but United States securities have also improved,
SO that it can not be said that the advance in
gold is the Consequence of any unfavorsble as
pect the arms of the Union presented.
The call for 100000 additional troops has
been responded to in manner not even hoped
for months ago, and the draft for the 100000
nine months men will be met with cheerfulness.
so that the indications favoreble for success
ful and vigorous fall campaign, and the hope is
now strong that before the winter comes the m
Jury done the Government by the defeat at Rich
mond will be more than nentralized, and the re-
bells thoroughly defeated.
Exchange has ruled quiet and steady, with a
moderate demand. Gold, silver and demand
not.s have all advanced, the market closing
buoyant. The following are thequotations:
Buying Selling.
New \ York;. -.-...Adis par
Gold. ld................l4p Ia prem. 10 prem.
Silver. .-..............S prem. lO prem.
Demand Notes. 49,. .61 prem.
The news from Europe Indicate that the crops
in all the European countries will be below an
average. In England. though not an average,
they will be better than those of 1861. II these
advices be correct, which we have some reason
to doubt. the statement made by the London
Shipping Gazette regarding the crops in this coun-
try being most erroneous, we may look Tor
large demand from France and England for our
surplus breadstuffs Nothing could be more IA
vorable than this for this country in CONNER
cia point of view, because We have such a SUR
plus, and il is upon this only we can depend to
prevent gold going to a much higher premium
than il is now, and it is in this way the inestma-
BILE blessing of abundant crops can be fully real
ized by us.
The weather has been quite cool since our last;
the temperature having changed suddenly and
decidedly, consequent upon heavy rains which
fell west of this State the previous week, the
range being IS to rs deg, a difference of fully
30 degrees as compared with the previous week
The corn in this State and Kentucky needs some
rain Just now. but has not been injured much so
far The inadequacy OF our railways 10 do the
business offering, has greatly restricted the bust
ness Of the week, almost amounting TO an EN-
barge upon some departments.
Flour has been in light supply, and good local
demand and the market has ruled very firm
Wheat, consequent upon large receipts and
want of adequate transportation facilities, has
been dull and heavy, and prices largely declined.
closing unsettled and nominal
Corn declined to 33c Oats advanced 10 44c.
Rye declined to sic.
The new oats now coming in is very inferior.
weighing but twenty to twenty seven lbs. TO the
measured bushel.
Whisky has been steady and in fair demand at
2615 cents.
The demand for groceries has been exceeding
ly light and the market dull.
The late order of the Secretary Of War regard
ing those absentng themselves to avoid the DRAFT,
has interfered with travel to great extent and
| prevented merchants from coming to the city,