Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-05-08
Prom C.ncinnau PTioe Current Nay
Financial and Com me rcial >um mary
for the Past eek.


With reference 10 financial matters in this city
there has been TO change Of consequence. The
demand for money is wholly inadequate 70 the
supply, and good business paper continues to be
sought after with more eagerness than previous
ly. and anything easily convertible which prom
ises return of to 8 per cent. is in active de
msnd.
The stocks OF the Little Miami and Cincinnati.
Hamilton and DAYTON railways have advanced
materially. and sales have been made within the
week nj 80 for the c., III. and D.. and 1905 for
the l. NJ, and further advance was asked at
the close
The continued success of the Government
troops in suppressing the rebellion is opening
vide speculative field in public securities gene
rally, and in New York the speculative move
ment has gathered great strength since our last,
Government securities and stocks of all kinds
having largely advanced, with a sweeping de-
mand.
Gold Is, also, advancing, owing to a belief that
our foreign impOrtatons will rapidly and largely
increase, and that the balance of foreign trace
will be suddenly sweed to n large amount
against us This expectation will no doubt be
realized 10 some extent; indeed we have the evi-
dence OF it already in the increase in the
importation of foreign goods and in the in
crease in the shipment of specie. Nothing
can prevent this but largely increased
duty on foreign goods, which constitute the luxu-
ries of life to greatly limit their use, be-
cause National prosperity and National extrava.
gance go hand ia hand in the United States. and
il therefore becomes the duty of our statesmen
to look into this matter in time.
The demand for exchange has been moderate,
and there has been no important alteration in
rates. Gold has advanced owing TO the advance
in the East. We quote:
BUYING. SELLING.
New York mar l. prein
Gold ................2 prem 3931s prem.
The supply OF flour has been light, aud there
being good loo i and some export demand. the
market has been buoyant, and prices advanced
fully Zoe per barrel: super6ne closing ut 81 Boa
35 but rather heavy. under the news from New
York. The quantities OF breadstutfs now going
forward To the seaboar,l from the W est are large
unusually so, and il is probable that prices will
give way under them We notice that the re-
cepts at Buffalo last Saturday were equal to t,cO
million bushels of grain
Whe advanced To 95a9Sc. for red. and Sla
l Oh for white There his been speculative de
mand for oats owing to the large quantity wanted
bv the Government and prices advanced to 35a
Soc and az the close none were To be had below the
latter rates A large demand for shelled corn TO
fill Government contracts, and $4,000 bushels
sold yesterday to arrive. at 35c. in bulk. Far is
firm and in good demand at SAC Rye 5la52c
and firm Not much doing in barley.
The whisky market has been good deal agi-
tated the last few DAYS and prices advanced to
lJc. The Senate committee has raised the tax
on this article to Doc per gallon for all distilled
after the LAT of June. we think. There n
rumor that the Senate will also tax that ON hand
Zoe per gallon, but this is regarded doubtful and
think il doubtful that this tax will be passed
by the present Congress.
he provision market has been dull and heavy
the greater portion OF the week; the demand fell
off, but holders remaned firm with but little ex
ception. and the hope OF the opening of the Mis-
sis>ppi rive, OF which the taking of New Or
leans gives strong assurance, greatly assisted IN
maintaining this firmness, because AN impression
very generally prevails that large Southern de
mdnd viii follow the OPENING of this great West.
river, aud that speculative movement will
arise from this impression should even indca-
tons of it arise
The English demand has ceased pretty much
and one of the largest operators has lett for
home. There seems to- be unwillngness Gu
take bulk meats at over 81 a5l4c, for that mar
ket. and indeed at the close there was not much
demand even at these rates. Hardly anything
was done i'm mess pork until Yesterday, when
900 brls sold at $40 80 for country. aud 81 |
for city packed The cause of this improve
ment is an advance in New York The market
closed firm ut the latter rate for city packed
Lard was dull i'm the early part of the week
but was in good demand Yesterday, and | ,2OO
terces sold at 7Isc. This article has advarced
in New York to o33lc, being a advance during
the week. Nothing doing in key. The lower
grades of lard very dull; manufacturers are
not buying.
Bacon has been in better supply, and though il
was in pressing demand in the fore part oil the
week at 3s4 aud &c, at the close the demand fell
Off and the market was rather dull at these rates.
Common hams are dull at 5a51sc the latter for
canvased. A moderate demand for sugar cured
at Ga a7c. for the best brands. Rump pork may
be quoted at S6,7, according to the quality and
not much offering.
n o demand for clear bacon sides and they
would not sell for any more than rib.