Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-06-12
From Cincinnati Price Current June H.
Financial aud Com rciaI Su IN ma y
for the Past Week.

From Cincinnati Price Current June IL.
Financial and Commerce summary
for the Past Week.
There has been no improvement in the demand
for money and duness continues prevail in
the market 70 as great an extent as ut any pref
time, and the quantity OF idle capital Is still
increasing. The offerings of good business pa
per remain light, and the demand active at Gas
per cent. for thirty sixty day, aud per cent.
for ninety day. As a general thing, however, not
outstanding the great abundance of capital,
there IS not much disposition to invest in paper
having over three months to run, or in that sc
cured hy mortgage, there is general hope in.
duieed in that there will be demand for
money as soon the internal commerce OF the
country Is restored
Rates OF exchange have not undergone any al
terauou; the supply keeps up to the demand,
without any special effort being made to keep it
so Cold has advanced We quote:
Buying. Selling.
New Ork.. ....-..... par t8at4 prem
Gold. Observation-Disclosures. prem. IA prem
The large increase in the supply of currency or
paper money. and the rumOr that an additional
issue OF one hundred and fifty millions will be
asked for by the Secretary OF the Treasury, is
deprecIatng it. and gold is gradually advancing.
Our foreign imports are increasing, and our ex-
ports diminishing thus placing the balance of our
foreign trade against US and increasing the ex-
ports OF gold. Ii may vet become necessary to
prohibit the expectation of specie in order to pro-
tect the country from being depleted, EXCEPT in
the payment Of interest upon State or United
States Indebtedness 10 holders of our bonds in
foreign countries. Another abundant harvest, OF
which there are now the strongest indications.
may greatly relieve the pressure
Memphis has surrendered, and is now in com
plete possession OF the Go, eminent troops. The
rebel feet resisted, and after engagement of
les than tao hours their entire fee, was destroy
ell. Memphis WAS not burnt as had been threat
enei
The Secretary OF the Trelsrry has opened the
commerce Of The Mississippi river under the reg
ulatous heretofore published. The last advices
from Memphis say that the people we're anxious
To ship sugar and cotton to- the North. They
will soon be sratihei as several boats'are leav-
ins this port for Memphis
The hot, sultry and damp weather noticed ia
our last has been followed by cool and clear at
moSphere. very favorable 20 the growing wheat,
which would have been seriously injured had the
wet weather. 20 which we alluded. continued
another week; as it il. We learn that the leaves
have been slightly rasted, but none to iujure.
The grass crop will be an immensely large one.
and corn Is doing well. Some complaints of raw
ages by the fly resch : from Illinois; but on
the whole the crop prospects in all the loyal
Sites very good
The papers in the rebel States report the entire
destruction OF the wheat crop in Tennessee, Ala
bama and Georgia 10y rust. This i n terrible
blow. and must be i great dlscourae cement 10 the
unfortunate people of these States. who are even
now ON the verge of famine. as the rebel forces
devour the food 70 be bad.
In the general markets business has been quite
dull and hteleSs; the opening OF the Mississippi
20 Memphis has impaired more cheerinlness 10
business men, and in consequence o. it mess pork
has been in better demand. and holders more
firm
There has been n firmer feeling in -four under
the news from New York. and holders asked l0c
advance but did not succeed in obtaining IL only
10 a limited extent.
Superfne sold last evening al SAD 10. which
j. Toe above what il has been offered nj all the
week
Wheat has not undergone much change. Red
eOae5c. and white g0s95c. Corn declined to 3:lc
and j. dull. distler, buying cautiously and spar
ingly in anticipation OF the coming Tax law. as
all will suspend operations soon as il goes ia
TO operation. Rye declined u 52c for the sime
cause Oats remain steady nc 35c.