Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-05-12
From Cincinnati Price Current May7
Financial and Commercia summary
for the Past Week.

Win reference 70 hnancial matters IN this city
there has been no change of consequence The
demand for money is wholly inadequate to 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 6 to per cent? tsio active de-
mand. 7's's1
The stocks OF the Little Miami and Cincinnati.
Hamilton and Dayton railways have advanced
materially, and sales have been made within the
week at 95 for the c., Fl. and D.. and l0015 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 a
wide 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 sweeping de-
mand.
Gold is, also, advancing, owing to belief that
our foreign importations will rapidly and largely
increase, and that the balance ofour foreign trade
will be suddenly swelled to a large amount
against us This expectation will no doubt be
realized to 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 a largely increased
duty on foreign goods, which constitute the luxu-
ries of life so as to greatly limit their use, be-
cause National prosperity and National extrava-
gance go hand in hand in the United States, and
it 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. SHILLING.
New I ork.. par a prem.
Gold ...............2 . prem. $685. prem.
The'supply Of -four has been light, and there
being good local and some export demand, the
market has been buoyant, and prices advanced
fully l0c per barrel; superine closing at 81 3Oa
A 80, but rather heavy, under the news from ew
York. The quantities of breadstutfs now going
forward to the seaboard, from the W est are large
unusually so, and it is probable that prices will
| give way under them. We notice that the re-
cepts ut Buffalo last Saturday were equal to taco
million bushels of grain.
Wheat advanced to 95a96c. for red and Sla
Oh for white. There hss been speculative de
mand for oats, owing to the large quantity wanted
by the Government. and prices advanced to 35a
36c. and at the close 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. Ear is
! firm and in good demand at 34c. 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
| l9c. The Senate committee has raised the tax
this article to 20c per gallon for all distilled
after the lst of June, we think. There was a
rumor that the Senate will also tax that on hand
lOc per gallon, but this is regarded doubtful, and
we think it doubtful that this tax will be passed
by the present Congress.
The provision market has been dull and heavy
the greater portion of the week; the demand fell
off, but holders remained firm with but little ex-
ception, and the hope of the opening of the Mis-
sissipp river, of which the taking of New Or
leans gives strong assurance, greatly assisted in
maintaining this 6rmneSs, because an impression
very generally prevails that large Southern de-
nand will follow the opening of this great West
ern river, and that speculative movement will
arise from this impression should even indica-
| tions of it arise
The English demand has ceased pretty much,
and one of the largest operators has left for
home. There seems to be an unwillingness to
take bulk meats at over 314a514c, for that mar
ket, and indeed at the close there was not much
demand even at these rates. Hardly anything
was done in mess pork until Yesterday, when
for city, packed. The cause of this improve
ment is an advance in New York. The market
closed firm at the latter rate for city packed.
Lard was dull in the early part of the week,
but was in good demand yesterday, and 200
tierces sold at &c. This article has advanced
in New York to o244c. being &c advance during
the week. Nothing doing in keg. The lower
grades of lard are very dull; manufacturers are
not buying.
Bacon has been in better supply, and though it
was in pressing demand in the fore part OF the
week at 3$4 and &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 s1a7c. for the best brands. Rump pork may
be quoted at S6i7, according to the quality and
not much offering.
No demand for clear bacon sides and they
would not sell for any more than rib.
! A VERY STRANGE NorIoS.-The Abolitionists
have been vehemently insisting that General
Mcclellan should take Yorktown Immediately.
Well, the General has gratifed the Abolitionists,
and has captured not only Yorktown. but seven