Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1864-05-20
From the Cincinnati Price Current, May Is.
Financial and Com nm rciaI sum I'm ~
for the Past Week.


The suspense consequent upon the great con-
fct pending in Virginia has been felt very gene
rally in all financial transactions, causing q most
unsettled feeling, and preventing money dealers
generally from doing business with that conf
dence necessary TO give the department healthy
activity. The demand for money has not in
creased, but the disposition to meet the existing
demand has diminished somewhat, which has
given the market more stringent inspect, with
out. however any essential change ia. rates which
remain at . TO III per cent in the street. The
regular banks are discountiug for their custom =
ers more sparngy and cautiously Gold has
kept up to very full rates. and the demand for il
from private parties has been quite active in this
market. and but small amount Offering 80 that
it has been imported from the Eas, quite exten
sivey to meet this demand, which is chiefly from
spectators and those who fear a further depre-
citation of the currency. The success of Gran.
has had but little influence on the gold Market
so tar, and the report yesterday that the army
could not move. owing 10 bad roads. put gold up
4 per cent.
The market was better for government paper
at the close. in consequence OF the advance m
certificates. in New York, on Monday and
yesterday but the amount offering has been
small
The rates for coin, exchange and govern
meut paper, at the close last evening, AS fol
lows
New rors....... p sGf'S'' 7ss, sn1p plsS
1915 prem. 10 prem.
Silver. .eo962 nsem 6596s prem.
Orders or Washington, ss5s 99s2l
Quartermss,ers
Vouchers, city,. ...97t,
The advance in gold and the news from Eu-
rope, which renders general European war not
improbable, and consequent advance in bread
stutfs, have had A strengthening influence on the
produce markets generally. though the demand
for any article had not been more than moderate,
yet much larger business could have been done
but Tor the increased hrmness Of holders, and the
advanced estimates they made of the general
value OF most articles.
Flour. wheat aud barrel pork seemed to at
tract most attention toward the close. Lard " as
also talked OF more frequently
Whisky, under the operation of limitations
that the Senate would strike out the clause Of
the pending bill taxing the stock on hand was
more firm, and there was come speculative de
mand for it, which had not been the case for
some time previous
A II kinds of grain have been frmer and prices
more or less higher The supply of corn has
been lighter which had marked influence IN
stffeuing the market There was. in addition
an improved government demand The same
remarks can'te applied to oats Rve is scarce
and advanced to 81 So Barley unchanged
The amount OF -four held by spectators is
very large and they hold il with confidence: but
the time H. now close at hand when souring C IN
mences, and pressure 10 sell will take place 10
doubt The belief that ur much lower
than other articles OF produce, and. therefore,
ought 10 be higher. has induced large number
TO invest in II extensively, they having failed TO
see that the supply and demand had an import
ant bearing on this question Of price; that no
matter how high pork or beet. sugar coffee or
brOadcloth. or gold may be. il does not follow rs
a necessary consequence that -four or wheat must
be high IN proportion They stem TO have over
looked the important fact that there has been no
foreign market Tor either wheat u flour oil impor-
lance for "A icI time, aud that the lst of last
September there VAS two years supply Tor home
consumption in the country. They also seem TO
have forgotten the fact. we'll known that there
il still urge Quantity of The wheat crop Of ls62
still in the hands of spectators in the West,
which they have been holding, persstently wait
ing for n rise which they thought was but a ques
ton of time. because gold was high.
There has been but little done in provisions
during the week, but holders as a general rule
have not shown any disposition to make import
ant concessions
The jpbbing demand for bacon, which had been
so active during the spring months, has fallen off
largely. so that viewed in all lie aspects the mar
ket has been exceedingly quiet, and the sales IN
There was some inquiry for well established
brands. CITY mess pork. 1T the close. at s27. and
for prime city lard 1T he, but both we're held
higher. the pork at S27 81 ani lard at 1917
Parties from Kentucky were in The market in
the eaily part Ut the week, and took about mil
lion pounds Of clear bulk sides at Sc
The Interior OF Kentucky j. bare u meat, ard
there cannot De much DOUBT that good den. md
must exist from that State during the sum
mer
The grocery market has been very dull. and
coffee declined fully &c per pound.
Refined sugar Is lc lower, bot raw has not
Changed essentially.
The demand for faxseed continues good AZ
40 90 which is an advance The crop OF this
article "a ised last wear must have been immense
ly large. for notwithstanding the -rge quantities
which have been sent forward. xe hear Of round
lots still at points 10 the interior OF this State lu
diana and Illinois. in the hands Of dealers. We
think there be doubt that the crop was
two hundred per cent larger than that Of any
previous year.
Butter has been in light supply. and prices adj
vsnced 2G3c per 10 Cheese is unchanged and
steady.
Advice from the interior report, considerable
amount OF corn planted, notwith standing the
back W ard spring. aud that il Is coming up veil
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