Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-11-03
WHOLE NO. 1,217.

I
ment could stand the burdens of such an expen-
sive war as we are now engaged in. for any length
of time, and therefore it is clear that II must be
brought TO a close speedily. Ii is true that other
nations have sustained protracted wars. but il is
equally true that the army of this Government
exceeds ths- Of any other in modern times, and
the expense of keeping it in the field is three
times as great as it would be to keep the same
army in the field in any other nation. All uD-
derstand very well that there is a possibility Of
the whole people becoming bankrupt, and there
fore unable TO sustain the expenses Of the war,
and it is this which now discourages the masses,
in connection with the slow progress of the Gov
ernment 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. 1t is this which has produced general
and harassing uncertainty in financial and com
mercial affairs. and rendered insecure commercial
transactions. Coin and sterling exchange are
higher than they were 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 Sal0 per cent. The wants
soon produce activity in the money market and
lead to the usual stringency.
Exchange on the Eastern cities has been in
limited demand and the market has ruled "A shade
lower. The quotations foreoin and exchange at
the close were as follows:
New York. 1sdis @par par@1S prem.
Gold ............ .2I(G2o prem.
Silver ......... .20@25 prem.
Demand Notes. =. .24(o25 prem.
Small pieces of silver sell at our inside quota
=, a .A ,ot., "A
hence no selling rate.
Financial matters in New York are reported
thus by Thompsons Reporter
The ups and downs of gold are simply the
freaks of spectators. The future of gold is just
as uncertain as the war; if the army moves for
ward VIGOROUSLY gold will fall: but if the army
is inactive-goes into winter quarters OF is re-
pulsed-then gold goes up higher than ever.
Demand notes range about per cent under
gold. With constantly decreasing stock they
must approximate and rank with gold in Janu-
airy.
Silver is about 3 per cent. under gold, and is
just changeable in price.
The postal currency is not accessible to any
serviceable amount by the public, but our city
banks are in the way of getting about one thou
sand each per week. This will enable them TO
make their own change without cost and bestow
some favOrs on their friends and customers.
ing il at 7al2 per cent Since the people can not
get this indispensable change without paying a
premium for it, we propose that the Government
put up at auction all il makes every day, and let
them have it who will pay the highest premium,
and thereby help the treasury. We believe the
Government might save 50 600 per day, or $780,
600 on the product of the year.
State money, country money or currency IS as
scarce as ever 1t is difficult to fill orders with
md hot llnur b.,f
a mere fraction-say so cents to 81 per 81 900.
1t is difficult to say when there will be better
supply, certainly not till mid winter
There has been no rain OF consequence in this
vicinity since july and this has been the case in
this State along the Ohio river and extending to
the Alleghanies, and north to the Summit Ridge,
which divides the State; south along the Ohio
river to the Wabash and all Kentucky; whilst in
the greater portion of Indiana and in Illinois and
west of that State, heavy rains fell, much in
deed that wheat sowing has been retarded in
consequence OF the wetneSs of the ground. This
change in the temperature has furnished suitable
weather for pork packing, and some three or four
houses have made a beginning, and the season
therefore opened. Whether it will continue cool
enough from this onward is somewhat doubtful.
The great scarcity of salt, the high price of COOP
erage, the Door encouragement there is 10 pack
mess pork, or 20 cure meat in bulk, and the al
packed in bJxes, will render packing at small
places impracticable, and therefore concentrate
the packing business at the llrger places, and in
crease the packing at such places. We, there
fore, look for large business at this place. and
in view of this the facilities of packing have been
greatly extended. The English houses are espe-
ciay foremost in this line.
There has been an active demand for hogs,
and about - 900 head sold for November deliv
- nd aho haad eald
the latter rate, yesterday, to be delivered from
the 18th to the Doth of next month As we
stated in our last the indications are in favor Of
strong competition.
New lard is in good demand, and all being
made is taken quickly at 93lc. A good deal of
pork will be melted into Lard this season.
There good demand for old mess pork
in the fore part of the week at $40 5OaSll, and
the sales reached 4 900 brls; but this demand
ceased, and the market closed dull, holders
iOus to sell at $40 5OaSll, the former rate for
country and the latter rate for city. Nothing
done in old meats beyond what sold the
COmmissarv Bacon shoulders sold at DC loose.
No demand for sides
Green hams sold at 614 from the block; last
season 35I was the price. There will be large
amount of sugar cured hams put up this season,
they paid well last season. Hogs already
arriving freely, and from Kentucky we NAV ex-
pect large receipts, as the Kentuckans will be
anxious to get their hogs TO market. lest Morgan
should again come round. Drovers and dealers
are now in the city in large numbers, as well as
those who deal in this article from other places.
so that the trade largely represented on Change
daily.
Flour has fluctuated but slightly, but the mar
ket has ruled heavy and there has been a want of
confidence in the artclesince the sudden changes
of the previous week Ii has declined considera-
bly, in New York, but the market there and here
closed firm last evening.
Wheat declined to 81 for prime red and 81 Is
for white, but at the close il was held somewhat
higher.
Large receipts OF oats depressed the market.
There have been large shipments made from Chi
cago to this city.
Corn unchanged.
Rye a shade higher.
Barley is in good demand and prices are ashade
higbe
Whisky is in active demand at 34c holders
asking higher prices. There has been some sales
OF duty whisky made at 39c.
The tax law interferes with the trade in it for
making alcohol, as il seems the tax must be paid
before il is removed from the place of manuiac-
ture, and that the alcohol manufacturer must wait
to have this tax refunded when he makes the
shipment. Alcohol disters can not work this
way II seems that the only feasible plan is 10
make the alcohol at the distlleries and ship IL
under bond from thence.
Linseed oil declined TO CSC.
Cheese &c higher. and in good demand.
Butter unchanged.
Nails 521sc per keg higher for all grades, and
the supply light.
Foreign fruits and nuts have largely advanced
and sardines and fully 50 per cent. higher.
There has been no change in groceries. The
demand is fair and full prices are being realized
An advance OF % cents per hundred pounds IN