Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-05-26
WHOLE NO. 1,194.
From Cincinnati Price Current Nay 81.
Financial and Commercial Summary
for the Past Week.

From Cincinnati Price Current Nay II.
Financial and Commercial Summary
for the Past Week.
The demand for money has not improved any
but rather diminished, and the market remains
very dull and lfeless, and good business paper in
demand at 60lO per cent, and but little such
offering. Capital remains very abundant
Exchange has been dull and heavy during the
week, and rates have been somewhat Irregular
bankers occasionally drawing at ne-eighth and
one fifth premium, and not anxioes or indeed
very willing to buy at par.
Gold is dull and the demand trifing as hereto
fore Parties in this market have no use for il,
and rarely buy il, and purchases made to hoard
are rarely made, and then only in small amounts.
There is an indisposition to pay over per cent.
premium displayed by bankers, while the selling
rate is 3@3I premium, which is regulated alto
gether by the quotations in New York. We
quote:
Buying. Selling.
New York.. par Il prem
Gold. ........... .2@21s prem. 3@3l4 prem
Public securities have been rather dull in New
York, anc Government stocks declined 2a3 per
cent.
upon the people of the Southern States, is truly
shocking A gentleman who resided in this city
for many years, but has lived and done business
in Memphis for the last ten years, arrived here
from that city day or two ago. He says that
there ten thousand hogsheads of sugar and a
large quantity of moasses piled up on the bank
of the Mississippi at Memphis, by order of Beau
regard, to be destroyed as soon as il becomes GER
tam that the Government forces are about to oc
cupy that city. This sugar and mOlasses had
been purchased by the Memphis merchants, and
stored in their warehouses, under the belief that
it was better article to hold than the "Confed-
crate scrip" and the Provost Marshal had order
cd them to haul it out on the river bank to be
destroyed, and in cases where the owners refused
to do this, which were quite numerous, the rebel
officer had il removed under his own order, and
sold a portion of the goods to pay expenses.
Each family was allowed two hogsheads OF sugar
and corresponding amount of molasses, for its
own use, and therefore no family, however poor,
but had this amount Our informant states that
the quantity of sugar and molasses destroyed al
ready is very large, that the heads fell out of
large number of the hogsheads. and that he fire.
quentlY saw hogs lying in the sugar. having eat
en- all they desired. The heat of the sun had
caused the molasses to effervesce and the bungs
had started, and large portion of the barrels
were empty. Confederate scrip was Stunned as
much as possible, and, taken as the standard
gold was selling at one hundred to one hundred
and twenty-five per cent premium, the supply of
gold being wholly inadequate to the demand.
The weather has been quite changeable-the
first three or four days of the week were quite
warm and sultry, the thermometer ranging from
20 to so, but it became quite cool Sunday night,
and Monday and yesterday fires were not only
comfortable, but quite necessary. 1t rained the
greater part of yesterday, with chilly, damp at
mosphere. The heat in the beginning of the
week caused vegetation to progress rapidly
Flour has been held rather firmly, but the de-
mand has been local. yet, the receipts being
light, holders did not seem disposed to make any
important concessions, preferring to meet the de-
mand as it arose. rather than force sales and sub
init to a consequent decline. Superine 81 l0a
4 Is; extra, 81 25a4 80 are the quotations for
these grades, inspectors standard, but family and
fancy brings S4 40a4 20; round hoop Ohio has
declined to 81 goa in New York, owing to the
enormous receipts there from the interior, and
but a limited export demand.
Wheat closes dull at 90a93c for red, and 95a
CSC for white. Corn advanced to 37a36c, and in
good demand. Oats advanced to 36c, but this
rate was not maintained. Rye advanced to STA
5sc, and is in good demand. Whisky has been
huctuating. as usual, closing at 1870. Butter
declined 2a3c per h. the receipts being large and
the demand only local.
All articles in the provision line have been held
with great frmness, and mess pork and bulk and
smoked sides are higher. The demand for mess
pork is chiefly from New York to fill contracts.
Instead of paying the difference, the contractors
are furnishing the pork. This must have most
depressing influence on that market next month
Sll@ll IS were the current rates at the close,
the latter rate offered and refused on Mon
day for certain brand. Good country packed
has been sold easy at Sll.
The Government has advertised for million
and half pounds of bacon sides at Louisville
and St. Louis. which has produced an active de-
mand for them, and there being but little smoked
they have been bought TO come out Of smoke at
6L@615c, closing at the latter rate, clear sides
not being worth any more than rib; 700 hhds.
have been bought the past three days at our quo
tations.
In addition to the western demand for the Gov
ernment, large demand from the East exists 10
fill similar contracts in New York and Baltimore.
This demand, i'm connection with the large amount
of sides taken by England, has made holders very
firm and induced them TO hold sides out of the
market, so that the offerings quite light This
demand for smoked sides has induced demand
for bulk, and prices advanced to 53zc. and Mon
day and yesterday 200000 pounds we're sold at
this rate, the market closing rather buoyant.
Shoulders. smoked, not, have met with
limited demand, and hardly enough has been done
to establish quotations. In bulk they are held at
31sc, and smoked at &c. Lard has been dealt in
very sparingly, and would not bring over 715a
756c; it is held at 73zaSc. Not much offering.
Head and gut are dull, and it is difficult to get
over 515a6c for the former. on arrival.
There has been increased irmness in the gro
cery market, and sugar is &c and the lower
grades of coffee &c higher. The demand from
consumers is better, and this, with the favorable
advices from the seaboard markets produced the
increased firmness.
Hay has advanced S2a3 per ton, owing to a
Government demand. Parcels of new clip wool
have begun to arrive, and prices have, to some
extent. been established. 20a22c are the rates
Maid for unwashed and % 10 zoe for oneouarter
to one-half blood washed. None of the higher
grades coming in yet. but medium is preferred as
was the case last season. There IS large stock
of the higher grade of lat years clip still on
hand The clip this season is said to be larger
than usual, and large quantity of Kentucky
wool will be brought to market,the factories of
negro clothing in that State, having pretty gen.
orally been closed. This is also the case in Mis-
souri.