Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-10-30
From Cincinnati Price Current, Oct. 20.
Financial and Commercial summary
for the Past Week.

The changes in the price of coin and sterling
exchange have not been frequent the past as
for some previous weeks, and hence the specula-
tive spirit has not been as prominent i'll the lead
ing markets
The army news has been. on the whole, more
encouraging, though nothing decisive has been
done; vet the evidences are in favor of another
general movement on the rebel sIrongholds he.
fore the winter comes, and there is reason to hope
that this move will be successful.
The escape of the rebel army from Kentucky
a Encouraging event, ana under the influ-
ence of il coin and exchange advanced 607 per
cent but portion of this advance was suisse
quently lost The resolution of the New York
Stock Board. excluding gold f.om the Board,
went into operation on Monday, but did not
seem to affect its value to any extent. Specula-
ting in it will not and cannot be prevented in this
way or any other way, while there is chance to
make money by it, A vigorous and Successful
campaign of the Government ArcIy will put
down the price of coin and exchange largely be-
yond doubt, and this alone; but. should this not
take place. no estimate can be made of the ad-
vance. IL is clear that this nor no other Govern
ment could stand the burdens OF such an expen
sive war as We are now engaged in. for any length
OF time, and therefore il is clear that it must be
brought 10 a close speedily. IL Is true that other
nations have sustained prOtracted wars, bat il is
equally true that the army of this Government
exceeds that of any other in modern times. and
the expense of keeping il in the field is three
times great as it would be 20 keep the same
army in the field in any other nation. All un-
derstand very well that there Is possibility of
the whole people becC ming bankrupt. and there
fore unable TO sustain the expenses OF the war.
and IL is this which now discourages The masses.
in connection with the slow progress of the Gov
eminent IN bringing this contest 10 termina
ton. Bankruptcy and anarchy are the breakers
which thinking people now dread and which they
see in the distance, IN case the quiet continues
and the want OF energy among our rulers, which
has so long discouraged the nation, is permitted
TO exist IL is this which has produced general
and harassing uncertainty in financial and com
mercal affairs and rendered insecure commercial
transactions. Coin and sterling exchange are
higher than they were a week ago, but have been
steady the past three DAYS, comparatively speak
ing.
The demand for money has been fair, but the
market ruled easy at oal0 per cent. The wants
growing out of the pork season now nj hand will
lead 10 the usual stringency-
limited demand and the market has ruled shade
lower The quotations for coin and exchange at
the close were as follows:
BUYING. SELLING
New York. ilsdis@par par@ls prem.
Gold ............ .2IG2c prem.
Silver ........... .2O(d20 prem.
Demand Notes. .24@25 pFeo.
Small pieces of silver sell at our inside quota
tons. There Is no counter demand for coin. and
hence no selling rate