Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-10-23
ron ne Cincinr at Price Current, Oct q.
FiuaDc al and gomme rciaI summary
for the Past Week.


II Is charged iu the New York papers. that the
advance in gold wa> toe result OF plot coucocted
bs company Of capitalists. and not the conse
quences Of any alarm regarding disasters 10 the
20, eminent. Ii Is stated that amount OF gold
was contributed equal 20 about four millions of
dollars. and about the half of il shipped To Eng
land. and the remaining half kept at home, the
intention being TO draw against the amount
shipped soon as gold would advance The
large purchase Of gold ~ the first place, and the
large Shipment in the second place. were well
calculated uuuer EXISTING circumstances. they
knew. 20 excite tie mark ct and put up prices. and
they were correct II this be true. and il has
been stated with great positi,euess by the New
York papers, the rascsls engaged are guilty OF
combining iiijure the CT edit of the Government
ADD ought to be hanged IL is stated that IN
order TO avoid suspicion, thev managed 10 have
the gold shipped 10y regular houses IL is posi-
BILE that the whole story may be untrue. but il
looks plausible IL is we'll known that the bal
ance of trade j. now, aud has been for some
time, against this country; during the
month o. September IL took over three
m lions of dollars To make up the balance
at Nvw York alone which. however is the chief
p IT. AMI the deficiency the current month will
be vastly greater; 80 that aside irum the war
causes, We my look for high gold premium.
unless some change should take place to turn the
balance of trade IN our favor. As soon our
farmers learn that the present high prices of do
nestle produce cannot be sustained, and that the
failure OF the corn crop i not so bad and so gen
erh as Is supposed prices Of produce will come
down To an export point. and this evil will be
TemedIed To a great extent. We will have a.
much pork and lard to spare. to ship to Europe.
a there WAS last season, and have enough lett for
home consumption. notwithstanding the falling
oil in the crop this easOn as compared with last.
There is also an immense surplus of wheat. and
all will he taken ii prices suit; OF this. there can
be no doubt, even though unusual large crops
have been gathered in England and elsewhere
The fluctuations in gold. during the week.
have been frequent. and large: at ole time. it
down 10 las i'm New York. hut advanced
quickly to Isl. On the whole. there has been
an important decline from the closing rate a
week ago.
In our market the price of gold as usual, huc
tuated in response to the New York market with
a general disposition on the part OF outsiders To
sell, and there was, therefore an unusually large
amount bought by hedeaers.
The supply OF exchange was largely increased
heavy amounts having been sent here from Chi
cago. Toledo and Cieve land. and then the heavy
amount Grawn against the shipment Of Govern
ment cotton sold here on Monday. All have
swelled the mount beyond what had been antci
pated, and the market was extremely dull at the
close and dealers we're selling at FIVE twentieth
of one per cent. premium. and refusing to bay al
par, excepting from regular customers. W,
quote the selling rate at ! sal 10Th premium.
Currency has become quite close. and there
was good deal of Inconvenience experiences
| yesterday in consequence. The large amoun
paid To the Government for the cotton sold, anC
which went out of circulation. tended largely {,
this scarcity. the whole amount OF cotton sole
was closely up to 5000 hales. the proceeds o
which were not lar from $500 900
Kentucky bank paper has been more sough
after during the week, and in round sums sold Al
! lc prem Indiana is rather easier Certificate
and Qu,rtermasters vouchers ruled shad
lower We quote: