Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-10-02

tations for exchange. coin and other funds At the
close were:
prem. sas5s prem
Silver. prem. prem.
De@snd note. -. .sssas prm prem.
keutueky hank notes. go prem &c..
order. or Washington. "a. a.. -.
Ger thcstes. .:...'.''.. Asl dis 49,
voueh r., ely........ sssSsS -.
Quar'ermasiers'
Vouchers. country. no sale. 80.
The weather has been cool and drv. and about
Of that character peculiar TO this season OF the
wear. The markets have been good deal agi
tated during the week, owing to the advancing
tendency Of gold aud the increasing alarm re-
garing the injury done 20 corn by the frosis. and
this being the great staple crop OF the country IT.
failure affects directly or indirectly. numerous
departments Of trade and manufactures. and
therefore It's failure in whole or even IN part.
would he calamity of great magnitude An
impression i now gaining ground, we notice,
that the yield OF the crop planted last spring
will not he over one-iourth an average, and con
sequently farmers are holding back their old
and refuse 10 sell IL at any price. in various
sections Of the country. and spectators are
At work buying for future delivery. Mt fam
inc prices There can be no doubt In the
mind of any one possessing even superb.
cial knowledge of agriculture. that, even
had there been no frost In August. there could
not have been u full average crop Of corn. be
ciuse. aside from the frost. the temperature of
july and August was too low for corn: and
the crop would have been below average. had
there been no frost. The frost did serious injury
and materially shortened the crop in the West,
north of the Ohio river. Taking all the inform
alton which has reached u. into consideration.
We think we may safely say that the crop j. fully
one third below average. that j., below the
crop gathered last year, and the quantity very
inferior in large districts But we hold that the
failure j. not extensive enough To justify present
prices The great drouth Of the summer of 1854
will he well remembered. when no rain worthy OF
note tell from May til October aud when the
corn crop not over one quarter TO one hall
mn average crop, vet the price did not rule ms
high then "a IL does now. The range of prices
during the following winter aud summer was 81
tn Is and the average for the whole seasOn< q as
67c and vet -four sold, during that season
for an average OF eight dollars a barrel. That
the existing circumstances do not Justify the
present rates for corn, must be plain To any one
having the facts stated before them. Then the
West supplied the South with corn, TO great
extent, but now the South has more corn than
the West The crops IN Tennessee, Mississippi
and Alabama in quality exceeds anything evel
know, and - regards the quantity planted, EN-
brace The greater proportion OF the land preyi
ousiy planted in cotton. Now. the crops ia Eu
rope are unusually abundant; and the present
prices of corn. or indeed ANYTHING near them
will totally prohibit It's expectation to England
leaving the whole crop for home use. Should
pork rule ri price 90 justify farmers to feed corr
at present prices TO hogs, II will preclude the pos
sibility of It's being exported; and 80 OF lard an,
lard oil. aud candles. and tho result would he
home market glutted next spring with an i'm
mense amount of domestic produce which shout,
have been sent To other countries That thi
unnatural state Of things cannot exist. however
must be obvious to all. aud hence the d,nger %
operating nt the present unnatural prices Tor corn
Tie failure of the hay crop, rs reported by oai
CORES pondents is a serious matter. for il is not
over one half crop compared with that o
last year. aud this has a marked influence on Oh,
price of oats, AMI j. no doubt the cause of price,
having advanced so rapidly; hut the oat crop Is
good one. and a large breadth of land sowf
with them last spring. that it will Ice foun'
that prices are too high now. The Governmen
demand il the only one that exists for hay an,
oats. aside from the usual home demand. anC
should this cease or be materially diminished
the prices would largely decline Before the re
beon both hy aud oats shipped largely
TO the South but no such market exists for then
now
Corn advanced to 90c oats to zoe. rye To Csc
-four from 25..to SOC. and unsettled Whisky ad
vanced To 52c, hay to $50 per tuu. cheese l5c pc
pound butter So, linseed oil Zoe. and there wer,
more buyers than sellers At the advances. Ia
fact an impression seems 20 have taken possession
OF the agricultural community that there is
great scarcity aud that famine prices must m,
will prevail. and hence all articles are Offered
with reluctance, anu in many cases grain anC
other articles are not offered NJ all
Groceries very firm, and sugar higher
The stock of this article is light in this and al
the leading markets and the consumption mucl
larger Than WITS expected, so that it. is expecte,
that the supply will prove short, and an absolute
scarcity prevail before supplies can be brough
forward
In the provision market there is increased firm
ness. but the demand, aside from that taken b.
the Government, has been but moderate. Oh
cirv mess pork advanced 10 $40 81. ard ab u
500 brls sold NJ so 10, but tins was above TIA
market, though il ~ generally held ut this rate
New j. not in the market ut less than Sl4 % &
Sl4 50. being the prices which Obtained trou
the Government Bulk meats and bacon ar
held more firmly, and are from n to &c hghe
for all kinds
L,td was held nc Zoe. with BUYERS at 93Ic n
20 the clo,e OF change Yesterday. but the new
from New York not then known. Under IL
effects prices will he held to-day ut l0l5 to lie
There is gseas difficulty IN forming any estimat
OF the future. vt this moment, and ever, thin
will remain in this uncertainty until the pendin
fight in Georsia j. decided Rumors were crcu
lated in New York Yesterday that Rosecrans Ia
surrendered. and that wholly unexpected move
ment- OF the armies in Virginia had taken pLc,
which excited the gold market and put rates u
four .er cent.
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