Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1864-04-18
From the Cincinnati Price Current, April 10.
Financial and Comm rciaI sum nm a nv
for the Past Week.

Financial and Commercial Summary
for the Past Week.
Gold continues to advance, and has reached
the highest point it did since the commencement:
of the war. closing IN New York Yesterday at
74%. This intensifes the excitement in the
stock and produce markets. and feeling of rest
lessness prevails in the whole business commu
nifty. Those who have any spare funds are anx
iOus to invest in something to save them from
the consequences of the depreciation of the cur
rency, or enable them to participate in the gen,
eral advance in prices Of all kinds of produce
The demand for money has been quite active,
owing to the large speculative business doing,
but il has been met quite freely at Gas per cent.
Exchange has been in active demand, and
rency has been shipped pretty largely to keep up
balances at the East. The dealers pay one.
twentieth of one per cent, and sell at one-tenth.
Five twenty bonds sold at lll14@lllR. with a
good demand for them aud more Offering. as
holders in many are selling in order to in
vest in the 10 4t's at par. Orders on Washing
ton sold at s4@H of one per cent. discount.
Vouchers nominally, 98@99 for city, and 95@97
for country. The subscriptions to the 10 40 loan
reach 500 600 per day in this city, which is
better than had been expected. The subscrip-
tons at the East have also been fair still it is
evident that mistake has been made in placing
the rate of interest at five per cent We think
Mr. Chase will find this to be the case before the
loan is all taken
Mr. Chase changed his orders regarding the
sale of gold certificates. during the week. and
fixed the rate at l65 until the 9th inst, but in
the face of this. gold advanced to 1414. showing
that no legislation fnanceering can keep down
the price of gold, while the army is lying in
camps. We have again and again stated that
nothing can arrest the depreciation OF the
rency but marked progress in subduing the
rebels.
The following are the quotations for coin and
exchange, at the close:
New York.-......... 5O975 lilo prem.
Cola. '.-.............. 52g73 prem. IS prem.
Sver...................62d 63 prem. 65d67 prem.
Orders Washington. ss16 99sk
QuartermGsters'
vouchers, city. 971O999
The advance in gold. together with an antici
pated advance in the prices of many articles of
produce, induced sweeping speculative demand
for all articles, aid the past week has been one
of extraordinary excitement in general mar
kets. both grocery and produce. Flour, which
had been so long neglected became a favorite
article, and prices advanced during the last three
DAYS 80 to 60c per bbl., and the market closed so
unsettled that anything like accurate quotations
could not have been given. Superfne bold
at So 80, but only actual experiment could dem
onstrate whether il could be sold or bought at this
rate, to any extent at the close. Wheat advanced
10 81 40 and 81 so for prime red and white,
and not much offering. Corn advanced to 81 Is,
and was held Mt 81 30 at the close The demand
was chiefly from distlers. who are all now work
ing to their utmost capacity. Rye advanced to
81 3S@l 40, with light supply, Barley adj
vanced to 81 40 and 81 45 for prime spring and
fall, all closing with a continued upward tenden-
CIV. Oats advanced to She. There has been a
large speculative demand for VIII sky, under the
belief that very high rate of taxation il to be
imposed upon IL. and prices advanced to 81 90
"A rise f NJ
Various speculations are INDUCED in regarding
the rate of "a ration which will be agreed upon
by Congress but the evidence is pretty clear that
il will lie a high rate. aud will take effect imme-
dately after the passage of the bill. Cheese Is
19c higher. Batter il in better supply and &c
lower. The provision market has been very ac-
tive and prices advanced rapidly and largely
Mess pork to S2I 80. and held Mt SOS at the
close bulk to Zoe Tor shoulders aud 1 lie for sides.
Bacon shoulders were hel1 nj lie, but the highest
sale made was at l034c. Hams advanced to l5c
and lie for plain and sugar cured, aud the de-
mand active. indeed much larger business could
have been done than has been but for the unwil-
lingness of holders TO sell excepting to regular
customers, aud in small lots Lard advanced to
l3c. aud seems TO have attracted very general
attention the last few days. Keg is worth l5c,
and is wanted, but the amount in the market Is
small. ..r q
The market for coffee. sugar and molasses, has
also parucipateu IN the excitement anu prices
advanced largely, us will be seen by referring TO
our market report. This advance Is not so much
the consequence OF tho rise in gold, as the short
supply. This will be better understood when we
say that sugar Is being now. and has been for
some time. shipped to England from New York.
showing general scarcity. II Is stated that
the sugar crop In the East India Islands has been
a short one. planters having grown cotton on
their sugar lands 70 great extent. owing TO the
high price Of cotton.
Cloverseed declined Soc per bushel. and Is dull
| Our adyices from the interior state that clover
has been bully winter killed, more thoroughly
and generally. indeed. than ever was known be-
! fore ...ftI 81. s.. 80 r1e .--ss "a :.
Refined petroleum has advanced 70 60662c
and lard oil TO $lO5@l.lO, Lnssed oil Is un.
changed Tallow quiet and unchangei; moi
much demand. The last adsices from England
which are up 20 the Goth ut.. teIeerap pied Is-'
evening from SANDY Hook. report bresdstuff'
and provisions dull In Liverpool, and prices de.
cning. The steamer City Of New York wal
wrecked at the entrance to Queenstown. and Il
a. total loss.