Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1862-08-04
From Cincinnati Price Current July 30.
Financial and Commercial SUMMARY
for the Past Week.

" IA III "ccA
A fright took possession of the dealers in coin
and its equivalent, about the middle of the week,
in the leading money market-New York-and
spread to all the lesser markets, and prices large
ly declined, going as low as IA premium for gold
and 5 for silver; but a portion of this decline was
subsequently recovered. There is no steadiness
in the market, and rates continue 10 fuctuate
rapidly and suddenly, from one hour to the other,
although nothing has transpired on the Potomac,
SD far as the people are informed, to change the
general aspe t OF affairs, as il stood "A week ago.
McClellan's army is still at bay on James river.
and measures are being adopted to get him out of
this position, by either an advance or retrograde
movement, which Is "A matter of speculation.
The Western army has been largely drawn upon,
for men and commanders, to carry out whichever
plan has been adopted.
In our last we stated that postage stamps had
been made a legal tender. This, il seems, is not
correct. They are receivable for all sums due
the United States, under FIVE dollars, and redeem
able in Treasury notes. Not only are postage
stamps to be used, but also the tax stamps, which
will give a great variety from one cent to one dol
lar, and as high as twenty dollars. The postage
stamps will be /, 3, 3, 10, IL, "a, 80 and 80 cents,
and The tax stamps will be 2, 5, 10, Is, 20, 25, 80,
40, so, 60, 81, 81 so, 50, SIS, $40 and $40. The
stamps for currency are to be printed on thick pa
per, and such can not be used for postage. We
nave nOJ DtdTu vi any PROVISION 10 Buafu against
counterieiting, or to prevent cancelled postage
stamps being used after removing the canoeing
marks of Postmasters.
An order has been issued by Gen. Sherman at
Memphis, prohibiting the circulation of gold, and
It's being paid for cotton. This being the Csc,
the demand for gold will be greatly diminished.
Exchange has ruled dull. and the demand has
been moderate. The money market is easy ut
SalO per cent, with an abundant supply of cur
| raucV- The unOtatIOuS for coIn pNchanpp and
Treasury notes last evening were. as follows:
Buying Selling.
New York.. ......16dis. par
Gold... ..-..........l5 prem. Is prem.
Silver. .............S prem. l0@l2 prem
Demand Notes. ..5%@6 prem. -
The time fixed for the tax law to 90 into oper-
alton has been postponed until the LIST of Septem-
Der. thus giving manufacturers another month to
anticipate. The distillers are improving this to
the best advantage.
The weather has been dry and warm i'm the
day time, but cool at nights. on the whole quite
favorable for gathering the harvest in good order.
The -four market has ruled dull and heavy, and
more offering-a good deal made from new
wheat. Prices are lower, and at the close 50 80
"a would represent the market for superfine,
and 81 1904 20 for extra. The advance estab
lished in wheat, owing to the interruption on the
Kentucky Central Railway by the Morgan raid,
nos oNCn lOotf dli0 wa WIZ " " Nh1 "C1h
the market became very dull, closing at 75aSOc
for red. and S5a95c for white, the latter rate for
choice Kentucky. The superior quality of the
new crop is the subject of general remark.
An active demand arose from distillers for
corn and rye; and prices largely advanced-corn
to 36a37c and rye to 5la52c. This demand is
consequent upon the postponement of the opera
tons of the tax law which gives distillers an
other month TO work on the free list. Oats have
hppn in laroa snaculativa damand and hut few
offering. owing to the accounts we published OF a
short crop. The price is up to 42c, and they are
in MANY cases held at 45c. Nothing doing IN
new barley. Whisky declined to 26c, because of
the postponement of the tax law, but closes rather
steady. Butter is lie per ID higher, and an i'm
proved demand tor all kinds.
An active demand for hogs, and prices are 25a
4Oc higher. Strengthening and rendering them
into lard is being carried on extensively Just now.
and the supply is not equal to the demand. Good
slop fattened would bring 50 %, and corn fatten-
ed 50 50a3 65 gross. There is no important
change in prices OF beef cattle or sheep.
The provision market has ruled about the
same as noticed in our last. No demand for
mess pork, bulk meat or bacon, and prices nomi-
nal, but a good one for lard and hams. Mess
pork is offered at 50 90 delivered ut points in the
Bulk pork at 25z for shoulders, and 41aa4s4c for
sides. Bacon at 31kc for shoulders, Size for
sides, and Size for clear sides.
There were some sales Of shoulders at Sac,
nd of bulk at 224c; and $4,000 lbs. bacon
sold to the Government yesterday, at 50 Az,
packed.
The demand for hams Is good, and for sugar.
cured. in excess of the supply, at &C. Common
bring &c. Country sugar-cured are offered at ga
size; but these hams being to a great extent a
fancy article. the brand has a great deal TO do in
the sale of them.
An active demand for lard, and prime country
sold at S8a616c, and CITY at Sac, and low grades