Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-06-16
up prospects in AN the loyal

the whole the crop prospects in all the loyal
States are very good.
The papers in the rebel States report the entire
destruction OF the wheat crop in Tennessee, Ala
bama and Georgia by rust. This is a terrible
blow, and must be a great Encouragement to the
unfortunate people of these States. who are even
now on the verge of famine, as the rebel forces
devour all the food to be had.
In the general markets business has been quite
dull and h~feless; the opening of the Mississippi
to Memphis has impaired more cheerfulness to
business men, and in consequence Of il mess pork
has been in better demand, and holders more
firm.
There has been a frmer feeling in -four under
the news from New York, and holders asked l0c
advance. but did not succeed in obtaining il only
to a limited extent.
Superfne sold last evening at Sad 10, which
is lOc above what it has been offered at all the
week.
Wheat has not undergone much change. Red
S0aS5c, and white 90a95c. Corn declined to 32c,
and is dull, distillers buying cautiously and SPAR
ingly in anticipation of the coming tax law, as
all will suspend operations as soon as it goes in
to operation. Rye declined to SIC for the same
cause. Oats emain steady at 35c.
Whisky advanced to 2lc in the beginning of
the week, but again fell back to lie. The SEN
ate has passed the tax bill. taxing whisky Doc per
gallon, and an amendment taxing recti6ed and
mixed liquors Toe per gallon. We presume the
Senators supposed that in this way there would
be a tax gathered on the stock on hand, assuming
that before il could be used it was necessary to
put the article through a rectifying process. If
this was the intention, they have made a fatal
mistake, because the immediate result of this
amendent will be a sudden and complete cessa-
ton OF the rectifying business; and then with re-
gard to the mixing business, ostensibly that will
also cease, to a great extent. So that instead of
taxing the goose, they will find they have killed
her, and with one blow destroyed both the tax
and the taxed. 1t is not likely that this amend
ment will be agreed to eventually by the House,
before which body the bill now is.
Butter being in light supply advanced l cent
per pound.
Linseed oil advanced to SSc, but closed dull
under the news from New York. where it de-
declined to SOC, thus leaving a margin for impor-
tation thence to this market.
In the provision market there has been hardly
anything done. Tha opening of the Mississippi
made some parties disposed to buy mess pork,
and $40 so was offered pretty freely, but hold
ers asked Sll for good country or city brands.
There has been hardly anything done in bulk
meats and prices are nominal. Shoulders would
not bring over &c, and sides over Size. Bacon
has been likewise neglected and not enough done
to establish quotations. Shoulders are offered at
3Mc and sides at 615c. A moderate demand for
common Oulk namS at aga &C ana Tor the same
kind smoked at 512a6c. the latter rate when can
vased. Clear bacon sides are held at 63lc, but
a sale is seldom made.
There is a large quantity of ccuntry cured
meat %arrivingi in small lots, and it is next to i'm
possible to sell it, and when sales are made a con-
cession of fully = to lie per pound has to be made
from the quotations we give above for regular
lots of city or country.
Sugar cured hams are in fair demand and all
established brands bring 71ac, some curers ask
ing &c.
There has been some demand for lard the last
two or three days, and 600 tierces sold at TIC.
Not much to be had at this rate, and we may
add not much wanted. Keg is offered at &c. No
demand
In the grocery market there has been no
special change, the demand from the country has
been moderate, and full rates have been realized
The light supply of sugar and mOlasses cause;
the prospect of a supply of Louisiana to be re
garded with Indifference, as if it does not come
from one place il must be brought from another
We notice that the Canadian Parliament ha:
increased the duty largely on sugar and molas
ses-on sugar from Is per cent. ad valorem 20
&c per pound, and on molasses to &c per gallon
As sugar and molasses produced in the United
States are admitted free under the reciprocity
treaty, this action will have an important effec
on the price of Louisiana sugar and molasses
should trade be resumed fully on the Mississippi
and the planters bring their stocks to market, Of
which there can be no doubt.