Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1862-07-24
We the honor to be, with great respect.
T.. A. WIcKLIFFE, Chairman.
Prom the Cincinnati Price Current, July 81
Financial and Commercial summary
for the past week.


The rise in the value of specie and the decline
of Government securities. have been the absorb
ing topics OF the week financially; and the rebel
demonstration in the way of guerrilla bands IN
Kentucky and Tennessee, the leading ones in the
community generally and produced considerable
alarm throughout the city.
a large demand for exchange arose about the
middle of the week from parties desr NJ TO trans
fer their funds 10 The East, which put up the rate
"a per cent, but Morgan's band having been
chased of, this adva.ce We lost towards the close
Guild advanced TO 20@2l premium and silver 10
l0@l2. and the market Tor the former very mu,
agtated. There is no doubt that gold will CON
tinue To go up until the Government troops strike
n decisive blow against the rebels in Virginia
Halleck, Pope. Mitchell and Sige., the leading
commanders in the successful spring campaign
in the West, are all in Virginia now. maturing
plans Co retrieve the defeat of Mcclellan, and
there grounds for hoping that this will be
done before the summer is over. Pope has al
ready made bold demonstrations toward Rich
mould
Before the adjournment of Congress. a law
was passed making postage stamps a currency
aud legal tender, and providing for their re
demption in United States Treasury notes This
was done To meet the wants of the community
consequent upon the high price OF silver, aud its
withdrawal from circulation. Were il not for the
strong probability that these stamps will be couu.
terielted extensively. this is admirable arrange.
ment. thus completing "a national paper currency
from one cent To ore dollar. and superseding the
Use OF coin, rs currency. altogether The pen.
atty tor counterieitng postage stamps Is very sc.
we're, we believe, but this will hardly deter enter.
prising thieves. The quotations for exchange
and coin, at the close last evening, we're ~ lol.
lows:
BUYING srLLINo
New York. ..........,... dis pardl h prem
Cola ...................2U prem 81 al - prem
Silver. go 10 prem 6ol2 prem
Demand notes. ............1 1917 prem -
The rise in gold aud sterling exchange contu-
ues to he ielt IN all kinds OF foreign goods. aud
such articles OF domestic produce rs can be ship
ped To foreign countries. aud prices of all such
further advanced within the week. Flour grain
pork. lard. t,ow are all h gher-lully ten per
cent
The new tariff has stimulated the advance in
some articles OF foreign goods. Foreigner are
sti pressing American stocks. railway, State and
Federal, on the market. aud the wonder il that
the decline has not been greater; but II j. costing
them large 10 tran Ter their iund, out oi the
country, and Il will cost even more than this Tor
gold vail not stop at present rates. while the
speculaturs ia Wall street have such splendid
iulcrum as the present position OF the Army Of
the Potomac Tor their levers, To elevate the price
OF gold
The weather has been all that could have been
desired Tor the growing crop: hot and moist. with
out as much rain as would injure the whe u now
IN shock. The temperature IA the day time has
ranged from ~ 10 %.
fair activity has prevailed IN business gen
orally. and prices Of some articles have al yanct
Flour came in slowly. and there being no stock
OF consequence OH hand. and quite good de-
mand from the Government bakers. prices nd
yanceI fully 5Dc per bril- closing at 81 l5d4 IS
Tor supertne 81 35a4 % for extra, and 81 50t
10 Tor Family and fancy Wheat, owing 10 the
trouble in kentucky. arrived very sparingly. aud
prizes advances 10 c5acoc for red, and 9Uay5c tor
white, tue market closing very firm and rather
buoyant Oats advauced 10 81 a36 Corn lie
clined 10 21c. Rive dull at as Whisky has
dragged heavily during the week, and prices de
e'ined ic, but at tie close hOlcer- attempted %
recover tins deehHe bat did uut succeed The
market Is lac IVY, AM there are evidences that the
speculative DEMAND has ceased.
About the middle of the week a demand arose
for mess pork. aud 1000 barrels sold ai 1913 50.
including COO barrels on Monday aud Yesterday
at the latter rate There was likewise AN active
demand tor lard of all descriptions and the sales
add Up to 300 barrels aud tierce-. and go
kegs. at 6s4aslSc for butchers; sc for or
binary. and &C ior prime leaf aud "a for keg
For manufacturers stock the demand has been
very active ard IN excess of the supply.
There has been no demand for nothing
done IA bulk pork or bacon. aud prices are noun
nal, though holders are hFmer, and the contracts
made with the Government Z rather hi CHER
prices. Bacon shoulders selling 40 81 % and