Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-07-01
from the Cincinnati Price Current, June -.
Financial and Comm ercial Summary
for the Past Week.

for the Past Week.
The past has been a week of great excitement
in the markets generally. Gold rapidly advanced,
and before our last impression had been mailed
rate had been reached which caused general
surprise, and the fluctuations during the week
have not only been sudden but large; some days
the range being 80 per cent.
Prices OF all staples have advanced, and gov
eminent securities declined quite largely. and in
short, the national finances have become con.
siderably complicated during the week
Grant has pretty well surrounded Richmond.
but bis position, We suppose. is regarded rather
critical, aud therefore gold advances and the
credit of the government loses ground; this is the
whole case in a nutshell and nothing bat decided
success in the field can arrest the advance in
gold, and all parties had better make up their
minds to this
Money has been in demand, and borrowers
have found it more difficult to negotiate loans
than they experienced the previous week, even
where obligations existed Briefly, we NAV say
the money market is quite stringent at ~ per
cent for the best paper offered.
Exchange has ruled dull, and rates have been
lower. BANKERS paying 14@l-l0 dis. and selling
at par. Gold advanced and declined daily in
New York. huctuating between 90 and 23S
closing az the latter rate there at | O'Clock p VI
Yesterday Bankers here have been paying rates
within to per cent of those current in New
York. but the amount offered here has been
small-there is no counter demand whatever.
Government paper has declined closing at 4 to 5
dis fer orders. and 6 TO dis for vouchers, which
is consequent upon large decline in certificates
in New York, where they sold at "a yesterday
The quotations for all at the close were as fol-
lows:
BUYING. SELLING
N..~ ri IN Ii
Gold....... $50 prem. I3sal40 prem
Silver. 100 prem. lle,d120 prem
Orders or Washington, $685.
Vouchers, city 93994
The geld bill having failed to put down the
price of gold. rumors are current in Washington
that Jaw will be made prohibiting the exporta-
ton of gold 1t seems doubtful that an attempt
of this kind will be made, because no doubt the
majority of the members of that body have
learned that it is useless and even worse than
useless, 20 attempt to regulate the price of gold
by act of COngress-just as useless as an attempt
to regulate and control the winds or the waves
The advance in gold has unsettled the rates of
all kinds of produce and merchandise, and prices
have generally advanced
Flour advanced 40 cents per barrel, and wheat
. cents per bushel
Corn. unsettled and very dull at 81 05 to
81 0S for sbelled or ear.
Oats dull
Rye dull and nomina.lv lower
Whisky advanced II cents per galan closing
firm at 81 10, though sales were made al 81 20.
The tax bill has been completed and but waits
the signature of the President 1t fixes the tax
on all whisky distilled after July LIST 81 80 per
gallon. and all after February lst of next year 50
per gallon. This sliding scale principle is a
delusion and if it was adopted to increase the
revenue, it is great mistake, because instead of
distillers on as Congress supposed they would do,
and make whisky and paw the tax on it, antici-
pating the 81 tax in February. the reverse will be
the case, and every one who has any business ex-
perience, knows this; and no revenue will be de
rived from the article Of importance for six
months to come at least IL costs 40 cents per
gallon to nuke it now. which added to the tax
makes 81 80, and this is % cents above the
current price, so that the price must 60 to 81
before distillers work again
Butter advanced to 25@27c and is scarce
Cheese is lie higher.
Star candles is 4c higher and soap lc
Soap stock is very scarce and further mate
rial advance seems inevitable.
Linseed oil advanced l0c and lard oil l0@l3c,
and both closing buoyant
Sugar is lie and coffee lie higher.
Molasses is Zoe higher.
Salt is 5Gl0c higher, with IA speculative de-
mand
All kinds of dry goods, both foreign and do
nestle, have advanced materially. with a dispo-
stion to hold rather than TO sell at the present
rates.
Mess pork is held at Sal, with sales at $40
Not much demand for bulk meats or bacon, an
rates have been irregular.
Lard advanced TO lie
Sugar cured hams have been in active demand
at 49, to Doc for common, 81 to 23c for second
quality sugar cured and "a q 25c for first quality
The weather has been extremely warm during
the week, the temperature being up to 96@9S in
the shade about the middle of the day, for sew
eral days in succession, but yesterday it became
cooler, and the thermometer fell to so There
| were heavy rains north of this place on Sunday,
though none fell in this city Complaints to the
injury done to the crops in Missouri, Iowa, Wis
consin and northern Illinois by the drouth, which
has prevailed there since the middle of Nav
continue to reach us, though there have been
showers at intervals of time and space there
there lately, yet general rain is needed In
the State OF indiana aud Kentucky, the want OF
rain has not been felt so much, and the crops are
doing well. From the eastern and middle States
Va hca Of pIaip Of