Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-07-28

monous ever before held in this county, ad-
journed. JOHN JONES, Chairman.
HUGHEs EAST, ISAAC HATTABAUGH, Secretaries.
From the Cincinnati Price Current, July 23-
Financial and CommercIa sum mary
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 the week from parties desiring to trans
fer their funds TO The East, which put up the rate
a per cent, but Morgan's band having been
chased off, this advance lost towards the close
Gold advanced to 2O@2l premium and silver TO
1922. and the market tor the former very much
agitated. There is no doubt that gold will con-
iinue TO 60 up until the Government troops strike
a decisive blow against the rebels in Virginia.
Halleck, Pope, Mitchell and Sigel, the leading
commanders in the successful spring campaign
in the West, are all in Virginia now, maturing
plans 90 retrieve the defeat of Mcclellan, and
ttere are grounds for hoping that this will be
done before the summer is over. Pope has a.
ready made bold demonstrations toward Rich
mond
Before the adjournment of Congress, a law
passed making postage stamps currency
and 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, and il
withdrawal from circulation. Were il not for the
strong probability that these stamps will be
terfeited extensively. this is admirable arrange
ment, thus completing a national paper currency
from one cent to one dollar, and superseding the
use of coin, as a currency, altogether. The pen
atty for cQpLterfeiting postage stamps is very
we're, we believe, but this will hardly deter enter
prising thieves. The quotations for exchange
and coin, at the close last evening, were as fol-
lows:
BUYING. SIZZLING.
New York. k........-.......1 dis para Is prem
Gold ....20 % prem 81 @23 prem
Silver. .9@l0 prem IL l@l2 prem
Demand notes. ...7@715 prem -
rhe rise in gold and sterling exchange contin-
ues to be felt in all kinds Of foreign goods and
such articles OF domestic produce can be ship
ped to foreign countries, and prices of all such
further advanced within the week. Flour, grain,
pork, lard. tallow are all h'gher-fully ten per
cent
The new tariff has stimulated the advance in
some articles of foreign goods. Foreigners are
still pressing American stocks, railway, State and
Federal, on the market, and the wonder is that
the decline has not been greater but il is costing
them large sum to tran. fer their funds of the
gold will not stop at present rates, while the
spectators in Wall street have such a splendid
fulcrum as the present position Of the Army of
the Potomac" for their levers, TO elevate the price
of gold
The weather has been all that could have been
desired for the growing crop: hot and moist, with
out much rain would injure the wheat now
in shock. The temperature in the day time has
ranged from 7o to 95.
A fair activity has prevailed in business gen
orally, and prices Of some articles have advanced.
Flour came in slowly, and there being no stock
of consequence on hand, and quite good de-
mand from the Government bakers, prices ad-
vanced fully soc per bril-, closing at 81 l5d4 25
for super6ne, 81 35a4 so for extra, and 81 50a
4 10 for family and fancy. Wheat, owing to the
trouble in Kentucky. arrived very sparingly, and
prices advanced to S5a6Sc for red, and 90a95c for
white, the market closing very firm and rather
buoyant. Oats advanced to 3516a36. Corn de-
cned to 27c. Rye dull at 45c. Whisky has
dragged heavily during the week, and prices de-
clined lc, but at the close holders attempted 70
recover this decline, but did not succeed. The
market is heavy, and there are evidences that the
speculative demand has ceased.
About the middle of the week demand arose
for mess pork, and 5000 barrels sold at $9a9 so,
including 600 barrels on Monday and Yesterday
at the latter rate. There was likewise active
demand for lard of all descriptions. and the sales
kegs, at 63Ia7l5c for butchers; 71Ia715c for or
binary, and &c tor prime leaf and SIZE for keg
For manufacturers stock the demand has been
very active and in excess Of the supply.
There has been demand for nor nothing
done in bulk pork or bacon, and prices are nomi
nal, though holders are 6rmer, and the contracts
made with the Government we're at rather higher
prices. Bacon shoulders selling at S3 65 and
sides at S. 55a5 75 the latter for clear and cons
mon hams at 6ISa6Ac.
The demand for hams has been good at s. lSa7c
for common, and Slaa9c for sugar cured. The
stock of the latter is greatly reduced and the de-
mand is good.
In the grocery market there has been a good
demand, and prices of all kinds are firm, and su-
gar of all kinds is &c higher. The demand from
consumers is good and the stock is light. all par
ties buying sparingly, and with reference 70 their
current wants Beef cattle advanced 25c per
GENITAL, with good demand from the city butch
ers and the Government contractors. The re-
ceipts this side the river were larger than the
previous week, but at the Covington side, light
er; consequent upon the troubles IN Kentucky.
Hogs 25c higher, there being large bust
ness done in slaughtering for the sake Of the
lard, all except the hams being rendered out by
steam. We give long and highly valuable sy
nopsis of information from the agricultural dis
tricts in our present issue, regarding the crops.
Ii viii be seen that the. spring wheat is not
in a promising condition, which Is the
principal kind sown in Northern Illinois and
Wisconsin. That in Western Missouri there has
been drought which injured the corn crop and
grass, but with these exceptions, the crops are
the most abundant which could have been de-
sired. In this State Kentucky. Indiana. Illinois
and Iowa, the wheat crop is the largest ever gath
cred; the oat crop is partial failure. The grass
crop Immensely large Fruit Of all kinds abund
ant The facts lead inevitably to the conclusion
that the surplus of breadstuffs for foreign ship
ment will exceed any previous year. The corn
crop is in a most promising condition. and viii in
all probability be immensely large and this will
insure another heavy crop of pork