Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1864-05-23
From the Cincinnati Price Current, May Is.
Financial and Commercial Summary
for the Past Week.


for the Past week.
The suspense consequent upon the great con-
act pending in Virginia has been felt very gene
rally in all financial transactions, causing a most
unsettled feeling, and preventing money dealers
generally from doing business with that conf
dence necessary TO give the department a 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 a more stringent aspect. with
out. however. any essential change ia rates, which
remain at . to 10 per cent. in the street. The
regular banks are discounting for their custom
ers more sparingly and cautiously Gold has
kept up to very Iull rates, and the demand for il
from private parties has been quite active in this
market, and but "A small amount Offering, 80 that
il has been imported from the East quite exten
sively to meet this demand, which is chiefly from
spectators and those who fear u further depre-
citation of the currency. The success of Grant
has had but little influence on the gold market,
so far, and the report yesterday that the army
could not move. owing to bad roads, put gold up
A per cent.
The market was better for government paper
ut the close, in consequence OF the advance in
certificates. in New York. on Monday and
yesterday, but the amount Offering has been
small.
The rates for coin, exchange and govern.
ment paper, at the close last evening, were as fol
lows:
Buying. SELLING.
s ssE par; prem. 'sSi'iO prem prem.
Observation-Disclosures prem. sS9es prem.
Orders or Washington s1a 99sz
QuarternRsiers'
Vouchers, city........s7s
The advance in gold and the news from Eu-
rope. which renders a general European war not
improbable. aud a consequent advance in bread
stuffS, have had a strengthening influence on the
produce mark cts generally, though the demand
for any article had not been more than moderate,
yet a much larger business could have been done
but Tor the increased hrmness Of holders, aud the
advanced estimates they made OF the general
value OF most articles.
Flour. sheat aud barrel pork seemed to at
tract most attention toward the close. Lard was
also talked OF more frequently.
whisky, under the operation OF intimatiOns
that the Senate would strike out the clause Of
the pending bill taxing. the stock on hand. was
more firm, and there was some speculative DE
maud for il. which had not been the ease for
some time previous.
All kinds Of grain have been irmer. and prices
more or less higher. The supply of corn has
been lighter. which had u marked influence IN
stiIening the market There was. IN addition,
au improved government demand. The same
remarks can be applied TO oats RIVE u scarce,
and advanced to 81 SIS Barley unchanged
The amount OF -four held by spectators il
very large. and they hold it With confidence: but
the time IL now close ut hand when sOuring com.
mences, ard n pressure 10 sell will take place. no
doubt. The belief that Il Iur was much lower
than other articles Of produce. and. therefore.
ought TO be higher. has induced n large number
to invest in IL extensively, they having failed to
see that the supply aud demand had nh import
ant bearing ON this question Of price: that no
matter how high pork or beef. sugar or coffee or
broadcloth. or gold may be. il does not follow as
a necessary consequence that Hour or wheat must
be high incorporation. They -eem 20 have over
looked the important fact that there has been no
foreign market Tor either wheat or -four OF impor.
tance for a long time, and that on the 1T of last
September there was two years supply for home
consumption in the country. They also seem To
have forgotten the fact, we'll known, that there
Is still n large Quantity Of the wheat crop Of 1862
still ia the hands OF spectators in the West,
which they have been holding, persistently wait
Ing for u rise which they thought was but a cues.
tiGn Of time. because gold was high.
There has been but little done in provisions
during the week, but holders. AS u general rule.
have not shown any disposition to make import
ant concessions.
The jobbing demand for bacon. which had been
80 active during the spriUg months, has fallen of
largely, so that viewed in all its aspects, the mar
ket has been exceedingly quiet. aud the sales un-
important.
There was some inquiry for well established
brands, city mess pork. at the close, ut S27. and
for prime city lard at he. but both were held
higher. the pork at S27 80 and lard at l3cL
Parties from Kentucky were in the market in
the early part uf the week. aud took about a mil
lion pounds OF clear bulk sides at he.
The interior OF Kentucky is b,re OF meat, aud
there cannot be much doubt that a good demand
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 lie lower, but raw has not
changed essentially.
The demand for haxseed continues good Al
81 ~, which is an advance. The crop of thi:
article raised last year must have been immense
iy large. for notwithstanding the large q~uantitie:
which have been sent forward, We hear Of round
lots still at points in the interior of this State. In
diana and Illinois. in the hands of dealers. W,
think there can be no doubt that the crop wa,
two hundred per cent. larger than that of an,
previous year.
Butter has been in light supply. and prices adj
vanced 2@3c per To-. Cheese is unchanged anC
steady.
Advices from the interior report a considerable,
amount OF corn planted. notwithstanding th'
back ward spring. and that il is coming up well
Grass has been growing finely. and wheat look
we'll and unusually healthy. The peach tree
have been generally killed. in whole or in part
north of the Ohio river. and il is the genera
5 opinion that, though rs a general rule they hsv,
budded out below the last years growth. the.
y will never fully recover the injury done them
1, Apples will be a light crop. bat the trees hav,
not been injured We may add here that tn
severe winter either killed all exotic trees an,
} shrubs. even those which had been regarded a
0 impervious to the action OF the cold Of our eli
? mate. or seriously injured them. -