Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-07-07


The DILL authorizing the Secretary of the Trea-
sury to issue the additional Sl5O,OOO,OOO has
passed the House, and is now before the Senate.
1t will pass that body, but will be modified some
what no doubt.
The news from England by the Scotia is quite
favorable for breadstuffs an active demand hav
ing arisen in Liverpool and prices materially ad-
vanced. The probability is this movement has
been consequent upon sudden unfayOrable
change in the weather.
The weather has been quite changeabe; some
showers and the temperature at times high. The
summer so far has been remarkable for the low
temperature and unusual amount of rain which
has fallen; there having been no protracted dry
weather.
Wheat looks well, and in the entire West
promises abundant yield, so far as regards the
winter variety. The late accounts from the
spring sOwn are more favorable.
A sample of white winter is now before US and
indicates an abundant yield. 1t cut last
Monday. Corn, oats, and grass abundant, and,
owing to the long continued moist weather, the
whole face of the country, including field and
forest, is covered with a great profusion of YER
dure, and the promise of most abundant crops as
regards this State, Kentucky, and Indiana at
least was never more hattering.
The markets for general produce have been
dull, and the business done small.
Flour has not changed much. Under the for
eign news prices advanced l0c per brl, and the
market closed firm under the continued favora-
bic advices from England. Superfne 50 90a4.
and extra 81 load %, and fancy brands S4 25a
81 10. Wheat ruled steady. Corn advanced 70
35a36c, and has been in active demand from dis
tilers. Rye advanced to 49a Soc. and in good
demand. Oats advanced to 34a35c, and in good
demand. Whisky advanced to 25c in the early
part of the week. and has been steady at this rate
up to the close.
The distillers are working day and night, with
wonderful energy, to make as much possible
by the lst prox., before the tax law goes into op
Grafton. In the distilleries or warehouses at
tached thereto, all whisky found on the lst of
August will be taxed, and the same may be said
of all other goods found in the place of manu-
facture at that date. The report which was cir
culated, that all goods manufactured after the lst
Of July would be subject to taxation, or if man.
ufactured before that date, and not removed
from the place of manufacture before the lst of
July, would be subject to taxation, is false, and
though it bore an absurdity on the face of is.
many believed it, and incurred good deal Of
expense in removing goods from factories last
week.
Butter is dull, and the demand limited. No
change in prices.
Linseed oil advanced materially, and at the
close was held at 81; the stock very light.
The crop of haxseed now growing is excellent,
and the breadth of land sown is large.
Sugar is 12c, as regards refined, and &c better
for raw, with a good demand from consumers.
The receipts from Memphis met with a slow sale,
as holders paid high prices, and could not afford
to take the current rates in this market in order
to admit of such profits as to justify the venture
they made in visiting that city. In fact, Porto
Rico seems to be preferred to Louisiana, as the
quality is fully as good, and then there is no loss
in the tare, which is a weighty consideration, at
this season. Molasses sells at 46 to SOC accord
ing to quality. Coffee is very firm at 20 to pc.
There is very little to be had at the inside rate.
The army demand keeps the market bare Of the
lower grades.
The market for provisions has been extremely
dull. First class city packed mess pork sold at
So and at the close il was offered freely at this
rate. No demand for bulk pork nor for bacon,
and prices are merely nominal With the ex
ception Of the army demand, which is hardly no.
ticed, there is no inquiry whatever
Lard is still salable at 7$4c, but is generally
held at &c. About 600 tierces of prime were
procured at 734c. A good demand for manufac-
lures at 7@714c, and some not quite sweet sold
at the inside rate.
The stock of pork in the packing yards yester-
day 2l6. All barrels, and according to private
advices the amount in private warehouses is un-
usually large, which if added to the above would
no doubt swell the amount to quarter of mil
lion barrels. The stock on the lst day of July
each of the following years was as follows:
YEAR. BARRELS.
1862. 2...................... 2l6,4ll
1861. 66,026
lcOV-- "a s'do
1t is rather discouragIng to those who hold
large stocks Of the article 10 contemplate these
figures; and still more so to reflect how they
would compare if the stock in the West were
added at this date each of the years. The high
rates of gold and sterling exchange have in
duced a movement in all kinds of foreign goods
during the week, and prices have improved; the
proposed increase of duties assisted this some