The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-11-07
be 9ailg guttrual.
EVANSVILLE, IND.
,NEsBAY MORNING. .N0vEMBER :
No Panic i'm Cincinnati.

No Panic in Cincinnati.
there really had been any serious cause
alarm on account of Lincoln's election,
g would certainly have been signs Of
ic in a city like Cincinnati, having enor-
IS financial transactions every day, and
nected largely with the South by CONNER
ties. Now listen to what the Gazette
DO 9Th Gays in regard to the business of
previous Saturday, when two days pay
nts (the Sd and 4th) were crowded into
day. Does the result indicate any great
aster to our material interests, as likely
spring from the triumph of the Republi-
ls2
Saturday was an active day with the
nkers, in the way of collections. The pa
{ of the Sd and 4th having to be taken
re of, the lists were long, and the aggregate
lount large; but it is gratifying to be able
state that, Notwithstanding the effects of
nic. makers to create distrust, and the
assure that prevails in markets South, the
.siness of the day went through satisfac-
cily. There were no protests of conse-
.ence-none at all except of some pieces of
J regular paper for small amounts, that no
. ie expected TO be paid. One house, whose
Election list covered three large pages, had
erything paid except a note for $32. The
oteEts at other houses ranged from three to
x-aH of the class mentioned. All this
as accomplished, too, without q struggle,
ere having been no pressure for loans, and
1t little, apparently, of that peculiar bust
ess which bankers dislike so much, viz.
proving to pay. In fine, everything in
Gates the continuance of healthy money
arket, and aside from the political noise,
lere is nothing TO disturb or weaken the
onfdence of capitalists, but much to slim
late them to prepare for an active and prof.
able season.
There was never less material for q panic
l the Western country than at the present
me. The finest crops that were ever
rown have been secured, and while sup
lies are immense, prices are fairly remu-
erative. At the same time we have a
eavy demand for our produce. The weekly
xports from New York show an increase
o far, Of eighty per cent, as compared with
asst year. In consequence, foreign ex-
hange has fallen, and specie is now stead
" accumulating in the Eastern banks. The
~
srain to market rs she was able to forward
asst year. From Chicago alone the ship
nents are equal to 80, 600, 900 bushels against
100000 bushels to the corresponding
late in 1859. There has been proportion
tie increase at Milwaukee, Detroit and To-
edo. At these four lake ports alone, the
Increase in the aggregate value of breadstuffs
over last year, is S25,000,000.
And now we have hog crop coming il
bit higher prices than was ever before cur
rent at the opening of the season; and for
this surplus crop of pork the indications
are the West will realize within the next
ninety days $40, 900, 900. A large part Of
This surplus will go directly to Europe. Il
there is anything, therefore, in the great
West for political panic-makers to work
upon, we cannot see it. The material, il
seems to Us. d - not exist except in the
imagination u crihr fanatics or patriotic
towards. Whatever there is therefore, oil
nervousness in the money market resulting
from political threats, must soon pass away,
and it is not likely that this Scdrecroto will
requir' any further airing after the result
of the lection shall be announced III the
paper Wednesday morning. AS already
remarked, the demand for loans on SAtur-
day rs moderate. Bankers feeling some
what uneasy, were more reserved than
heretofore, but still good paper was placed
without difficulty at IO@12 per cent. The
to hold back is more prominent
among outside lenders than in regular bank
ing circles, and there was only a very mod
crate demand for paper in the street.