Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-07-14
From the Cincinnati Price Current of the 9th.
Financial and Comm ercial Su I'M ma ry
for The Past NICK.

Tor the fast WcCk.
The demand for money has increased some
what, and the supply of currency being light, the
money market has not been easy. The propo
sition to tax the notes Of banking institutions,
which has been made in Congress, has induced
caution on the part of bankers, aud they are, no
doubt, retiring their circulation, in order to be
prepared for the tax in case it should be imposed,
which is quite probable, we think; because it will
become sooner or later a measure of absolute
necessity, as we have heretofore stated, to pro-
tect the National currency and the people. The
bill authorizing the additional issue of Treasury
Notes has not yet passed Congress, but it will
be passed the present week. the difficulty be-
tween the House and Senate is, what amount OF
it should be in small notes; the Senate wanting
it fixed ut twenty-five millions, aud the House
at fifty millions.
The offerings of business paper are moderate,
and at the close 8al0 per cent were the rates for
acceptable 90 and 80 day paper. Exchange has
not been so abundant, and the market closes firm
er. Gold and silver advanced materially. De-
mand Notes are also higher. We quote:
Buying. Selling.
New York. Il "a 14dis. par.
Gold.. .lO12 prem ll15 prem
silver. ........... % prem. prem
Demand Notes -. A y prem.
In New York, under the panic, stocks declined
3 to & per cent. United States stocks declined to
par, and certificates to &c, but portion of this
decline has been recovered. Gold advanced to
l034, Demand Notes to Sd aud Sterling Ex-
change to l22, in that market.
In the markets for general produce there has
been no animation, and the amount of business
done has been quite small.
Flour has been quite dull, and prices in favor
of BUYERS fully lDc per br. Superfne, So S0a
3 80; extra, S4a4 10, and fancy S4 25a4 IS
Wheat declined to Sc per bushel, and is dull.
Sales of new crop have been made at Lexington
XIV, at e5c for white. Small samples have been
offered on Change. The quality is very supe-
rior. though the color of the berry is hardly as
bright as usual. The crop in Kentucky this sea-
son is a very large one, and the yield good. A
scarcity of harvest hands is being complained of.
A large business was done IN corn, the sales
reaching 250,000 bushels. Dstillers bought
largely, and prices advanced to Csc, but this ad-
vance not sustained and prices declined to
35c, closing dull. The distillers have purchased
as much as they need during the remainder Of
the month. Rye declined to 4Sc, and is dull.
By the LIST OF August large decline in both
corn and rye is inevitable.
The speculative demand for whisky increased
and prices advanced to 2Sc, but at the close the
demand less active, and the market
rather heavy. Prices are nearly as high in this
market Just now as they are in New York, the
of this article, upon which duty is paid, will be
33@34c, hence many suppose there is still good
margin. Ii the demand would fall off three
fourths, after the tax law goes into operation, it
would change calculations very greatly. 1t is
not always that an article brings what it
costs.
The demand for beef cattle has been good.
the Government buyers were in the market and
bought very freely, and prices of the lower grades
advanced fully 25c per GENITAL. No change in
prices of the better grades, and not many in the
market. Fair brought 81 1898; good SO 25,
and prime 50 80 gross Sheep are soc per GENITAL
higher, and in fair demand. Hogs in light sup
ply, and 25c per GENITAL higher Lambs sell
at 81 5O62 per head. There has been no
change in butter or cheese; the supply of butter
fell off some, owing to the extreme heat of the
weather.
Continued dulness pervades the market for pork
and bacon, and. though offered at lower prices,
there seems to be no demand. SO that quotations
cannot be given Mess pork Is offered at 50 5O@
10, and bulk pork at 215@3c for shoulders, and
4l5@5c for sides Bacon is not inquired for
A Government contract for shoulders was taken
yesterday at 50 54@3 81. packed in boxes and
strapped which is 11c in value above that packed
in hhds. Rib sides can be bought at Size, and
clear at So ia6c, though some would not accept
these rates, yet others would be very willing to
take them.
continued good demand exists for sugsr.
cured hams at SaS1sc, with light stock. Lard
is taken very freely at 715a734c for prime in ties
and Sas14c in kegs 1t is held "a higher. and
it is difficult to buy at our quotations.
Linseed oil advance to 97a9Sc, with fair
demand, the latter being the retail rate. Lard
and coal oils unchanged.
There has been a good deal of buoyancy in
the grocery market, and prices of sugar and coffee
are firmer, and refined sugar is fully &c higher.
Coffee is hello with more confidence, aud cannot
be bought on as easy terms as il could have been
week ago. Nearly all the sugar and molasses
imported from Memphis changed hands, the
former at to 81 4c and the latter at AZ to 47c.
The moasses was generally inferior and tart and
the cooperage ia bad condition. Some of the
sugar was inferior and in bad order, while the
greater portion of it was good, but the loss in
tare was as equal to 114c per ID. The demand
for all articles from the country continues good,
the exports during the week being:
Sugar, hhds ................... oo4
MOlasSeS, OrlS ...........-....-. OoO
The exports the corresponding week last year
were:
Coffee, bags. s.................... ......l, ,3oI
Sugar, hhds AIS
MOlasses, Drls y. ..-.... ..........- oUS
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