Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-06-09
WHOLE NO. 1886.
From the Cincinnati Price Current, June 4.
Financial and COmme rciaI Summary
fer the Past Week.

IGr the fast w Cchs
The market for exchange has ruled steady;
the demand is light and hardly equal to the sup
ply. Gold is lower. We quote silver at 34al
premium buying, and 21za21a premium selling
rate.
Buying. Selling
New York. par 1saA prem
Gold. @3 prem. 354 prem
Silver. .34@l prem. 214@21e prem
The Indiana bond fraud has proved as mon-
strous as had been anticipated, and two New
York brokers who it seems were accomplces, are
under trial with fair prospect that they will be
sent to the State prison.
ThompsOns Reporter says of money matters in
New York:
The Beverly Bank, New Jersey, was thrown
out here on Friday, the 23d inst. This bank was
owned by the parties implicated in the bogus is
sue of the Indiana State stocks
The Northwestern Bank, Warren, Pa, was
thrown out on Monday, the 26th inst. This bank
closed up because the excitement created by the
failure of the Beverly Bank caused the redemp-
ton to exceed the issues. So the owners "shut
down the gate at full tide"
1t is safe to act the principle that both banks
are dead broke.
Old Demand Treasury Notes. commonly called
Custom House Notes, are bought at y premium.
This issue is dated August 10Th, 1861, and is dis
tinguished from the recent issue OF Demand n otes
by having the words Z" Receivable for public dues"
on the bottom of the note.
Its understood that New York will pay the
S900,00 due June LIST, next Monday, in gold;
and on the lst of July, $500, 200, and all State
interest on its direct debt, also in gold. This
will disburse about two and quarter millions in
five weeks, on State account. 1t is also under
stood that the State war debt, issued in June,
1861, at one year, will be paid in currency. This
being debt for account of the Federal Govern
ment, the State feels no moral obligation to
pay anything better than Government currency.
Gold is 80 A per cent. premium, and it is the
only thing that we are unable to form a self-satis
fying opinion as to whether it will rise or fall
Theoretically, we should say that the abundance
of paper money would cause a further advance
of good stocks, and gold also; but in practice this
theory has not heretofore proved correct.
The weather has been quite warm, the ther-
mometer running up to go, and the last three
days have been showery, with damp and sultry
atmosphere, quite unfavorable for wheat, now in
bloom, but we have not heard of any damage be-
ing done to it.
In the produce market there has not been
much done, and prices, generally, lower. Flour
has been in large supply, about l2,OOO barrels
having been received and but little over 5000
exported. Prices are lower, and superine is of
fered at 50 90a4 and extra at 81 load 10. Hold
ers, however, are not willing 70 make such con-
cesSons as would induce a shipping demand, and
quotations. Wheat declined to 7SaSOc for red
and S5a9Oc for white, with liberal receipts from
Tennessee Oats steady at 35c per bush. Corn
declined to 33c per bushel, and is dull, distillers
buying spaungly. Rye declined to 55c, and is
dull
Whisky has been in good demand. and at
the close, an active speculative demand arose,
upon the announcement from Washington that
Congress had decided not to tax the stock on
hand, which is just what we always supposed
would be the result, because no matter how anx-
ious many members are 10 put tax on that on
hand, owing to the extensive speculation in the
article, the inconsistency of such a measure was
so plain that no man who had any regard for his
reputation as a statesman. could well advocate
it or vote for it. At the close last evening it
doubtful whether purchases could be made to any
extent at 20c and it was rumored that 23c was
offered and refused. The price agreed on yester-
day, however, was l9c.
Butter is very dull and declined to 7a9c for
good to choice Central Ohio. Cheese unchanged.
Lead is &c higher, in consequence of the de-
mand from the Government. Leaf tobacco is
very firm, and prices still tend upward. 1t is be-
leved that very little has been planted in Nir-
gnia or Tennessee this season, and that the crop
will be an extremely short one, and as a neces-
sary consequence, very high rates will be the re-
suit. An increased breadth of land is being
planted in this State, but Ohio leaf can not be
made to supply the place of Virginia and similar
qualities. There is less manufactured tobacco in
the country now than at any time for fifty years,
and desirable article is not to be had. Common
six. twist is scarce and up to lSal9c.
Linseed oil has advanced TO S7aSSc, in conse-
quence of speculative demand and a light
stock. A manufacturer is the chief buyer. There
has been hardly anything done in mess pork, and
prices have been nominal; good country brands
were offered at so, and city at so 80. 1t has
declined to Sll 25al1 50 in New York, the
stock there in the inspection warehouses being
1856 Al barrels. the largest by fifty per cent ever
there at one time before. On the lst of June
last year the stock 70, $50 brls. Notwith-
standing this large stock, and the decline in price
in New York, recent events have strengthened
the hope of Southern demand, which hope has
existed to greater or less extent since last Jan
uary, and tantalized the trade more or less, hold
are firm, and a third class city brand sold to-
day at SO so, and first class brands could not
have been bought below Sll.
There has been very little done in bulk meats,
but they have been held with uniform frmness,
excepting some lots of country cured, not regu-
larly cut, which sold at 3a3l4c for shoulders and
51aa558c for sides, and yesterday lot of clear
sides sold at 50 e.
City cut and cured is held firmly at 3Isc and
53 &c for shoulders and sides rib in, and 43fc for
hams. There is some risk incurred in the trans
pOrtatOn of meat in bulk now since the warm
weather set in, from the hy. eSterday lU,UUO
pieces shoulders and hams sold at 31zc for the
former and 41sc for the latter, taken from ca
nal boat. and the previous day 5000 pieces sides,
part of the same lot, at 5215. very light
demand for bacon, but it is held firmly at 33 4a4c
for shoulders, the latter for heavy, 61aa6ssc for
Sides 631a7c for clear sides, and 51za514c for
common hams. Sugar cured hams SOLD at 654
71Sc Lard has ruled quiet, but is held firmly at
71ac, but not much done; keg is nominal at Sc;
butchers 6a614o; no head or gut offering. A
good business doing in groceries, and the market
quite firm; molasses advanced to 49a5Oc, and the
stock nearly exhausted, many of the leading hou-
ses having none.
Sugar is 1zc higher than for raw; Cuba 61ss
&C. and Porto Rico 81 a91sc. No change in re-
fined Coffee very firm at 2O1sa221ac. The
stocks of sugar and coffee are light, and the de-
mand from consumers has increased.
Quite an active Government demand for hay,
and prime timothy tight pressed is wanted at SIS.
Loose pressed is in demand at SIG
good Government demand for beef cattle,
and over two hundred head we're taken at Mon
days market by the army contractors, but prices
are unchanged.
Bank SgiudIers.
1t is time that something was done to prevent
- - - II.