Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-08-21
From the Cincinnati Price Current, Aug. 20.
Financial and CONNER ciai sum nm "a ry
for the past week.

The money market continues to rule easy and
rates of discount are generally lower.
In New York the call loans are quoted at BAD
per cent, and dull market: the demand for
money at these rates being inadequate to the
offerings.
In this market call loans can be made at per
cent and first class thirty day paper is taken at 6
per cent. and sixty and ninety day paper at ga
10 per cent. There is very little use for money
with business men, and hence the circumscribe ed
demand for it.
The events of the week have been, on the
whole. not discouraging. though they have
been interpreted in New Y ork in such Il way as
to put up the premium on gold fully 2 per cent +,
but United States securities have also improved,
so that it can not be said that the advance in
gold is the consequence of any unfavorabe as
pect the arms of the Union presented
The call for 100000 additional troops has
been responded to in manner not even hoped
for a months ago, and the draft for the 800 900
nine months men will be met with cheerfulneSs.
so that the indications are favoreble for success
full and vigorous fall campaign, and the hope is
now strong that before the winter comes the IN
jury done the Gov eminent by the defeat at Rich
mond will be more than neutralized. and the re
bells thoroughly defeated.
Exchange has ruled quiet and steady, with
moderate demand. Gold, silver and demand
notes have all advanced the market closing
buoyant. The following a-e the quotations:
Buying Selling
New \ ork. -. 49,. 14dIs par
Gold. ................l4 prem. is prem.
Silver. .-.............S prem. 10 prem.
Demand Notes. 49,. .614 prem.
The news from Europe indicate that the crops
in all the European countries will he below an
average In England though not an average
they will be better than those of 1861. If these
advlces be correct which We have some reason
to doubt. the statement made by the London
Shipping Gazette regarding the crops in this coun-
try being most erroneous. we may look TOR IA
large demand from France and England for our
surplus breidstuffs. Nothing could be more IA
vorable than this for this country in CONNER
clal point of view because we have such sur
plus. and it is upon this only we depend to
prevent gold going to a much higher premium
than it is now, and il is in this way the inestma-
BILE blessing of abundant crops can be fully real
lied by us
The weither has been quite cool since our last;
the temperature having changed suddenly and
decidedly, consequent upon heavy rains which
fell west of this State the previous week. the
range being % to 10 deg, difference of fully
30 degrees compared with the previous week
The corn in this State and Kentucky needs some
rain Just now. but has not been injured much so
far. The inadequacy Of our railways to do the
business offering, has greatly restricted the bust
ness of the week. almost amounting to an EN-
barge upon some departments.
Flour has been in light supply, and good local
demand. and the market hrs ruled very firm
Wheat, consequent upon large receipts and
want OF adequate transportation facilities, has
been dull and heavy, and prices largely declined,
closing unsettled and nominal.
Corn declined TO 33c. Oats advanced TO 4ic.
Rye declined to Sic
The new oats coming in is very inferior.
weighing but twenty TO twenty seven lbs to the
measured bushel.
Whisky has been steady and in fair demand at
26ls cents.
The demand for groceries has been exceeding
ly light and the msrkes dull
/ The late order Of the Secretary of War regard
ing those ab>entng themselves avoid the draft,
has interferei with travel 10 great extent and
prevented merchants from coming to the city,
which has operated on business very decidedly
Refined sugar is &c. lower. but raw under the
advices from New York is held with more firm
ness and is not TO be had on Is easy terms
/ Prices of this grade advanced &c per pound in
+ New York during the week The prices of re
/ fined sugar in this market are lower in proper
ton than they are in the East, but our merchants
! had bought largely before the advance there last
month, and hence they are enableI TO sell
at present quotations, and make a moderate
profit.
! There has been no perceptible change in coffee
/ or molasses
/ Beef cattle declined soc per cent / with a sup
/ ply far beyond the demand. The bulk OF those
/ IN market, however. were inferior At the close
/ prime would not bring over 81 10. A continued
active demand for hogs at full prices. Sheep hrm
I and in good demand