The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-12-05
CHE 9ailp 8onrmaI.


WEDNESDAY MoRNING............ DECEMBER 5
FINANcIAL.-As Cincinnati is the leading
market and most reliable source OF business
news in the West, we frequently feel her
pulse to see how it beats these " troublous
times Here is what that well-posted pa
per, the Gazette, has to say in its issue Of
Dec /
The money market exhibited no new iea-
ture to day, inactivity Being still the lead
ing feature of the discount department.
There is a sofLeniug tendency on the part of
bankers, but they still take paper very
sparingly and cautiously. The demand also
continues moderate Business men Feceiv-
ing no encouragement to offer paper are
holding back The limited demand for
loans is also attributable, i'll some degree, TO
the stagnation in general business, there
being no nducement at present, as matters
appear, to operate in any article There is
a hopeful feeling among bankers, with
slow but steady growth Of confidence.
The movements Of the Exchange market
Were quite favorable, and this is perhaps
the most reliable indication presented of the
strength and character of the undercnrrent
in financial affairs. On last Saturday, New
York Exchange advanced to prem, and
in some cases D was paid while it was sup
posed the upward movement would not be
checked until figures reached prem, as
they did in the panic of 1851. This feeling,
however, lasted only "a hours. aIn that
time buyers anticipated their wants, and
drawers arranged for the increase of bal
ances. Since the reaction, therefore, the
market has been well supplied, with a
moderate demand To-day dealers drew at
l prem, and bought in the morning at Z
prem but later in the day the buying rate
declined 10 }, closing heavy at } prem. buy
ing and prem. selling. In anticipation of
a heavy demand on the 4th, an effort will
be made to sustain the market at our quo
tntions until after that time but evidence
nf weakness exhibited this afternoon renders
it probable that farther decline of ! may
he submitted to tomorrow. With some of
the houses the receipts were in excess of the
demand, while others reported both sides
about equal.
There is a continued fair supply of pro-
duce bills, and from the heavy decline in
provisions within the last 48 hours, this
may be expected to increase. Prices are
now nearing It point that will induce East
rru operators to take hold. Private advCrs
from New Orleans report farther decline
in New DIRK checks in that market. Phil
adephia sight was bought to-day ut par and
sold at prem. The latest quotations for
New York checks in that market are 5Gl
prem There is no longer an inducement
10 make Philadelphia remittauces in New
York sight There were some transactions
in Baltimore at dis buying and par sell
ing but negotiations are rather tough at
these figures. There was some demand for
gold from the countryat prem, and at this
rate the market was steady. Nothing doing
in New Orleans sight, but first class private
signatures could probably be sold at par. No
transactions in time bills upon which to
base quotations. Bankers prefer local
paper.
There was a heavy business, TO day, in
uncurrent money. One of the leading
houses bought Illinois, Missouri and Wis
consin Mt dis, and filled orders at 35GD4 !
dis. Others bought at dis. The demand
tor all kinds OF Western (sovent) is about
equal to the receipts. Some Pittsburgh |
brokers were in market to-day for the cur
rency of that city, and also of Wheeling, |
at equal to 2653 for the former and 4(05 |
dis for the latter. North and South Carroll |
ma, Georgia and Alabama currency is heavy
at quotations The South Carolina banks
suspended specie payment to-day. They
have been virtually in this condition for
some time and the formal movement took
nobody by surprise.
BLACKFoRD's MoNUMENT.-The following
inscription has been put upon the monu-
ment lately erected to the memory of the
late Judge Blackford:
HONORABLE ISAAC BLACKBOARD, L. L. D.,
Born in Somerset county, New Jersey,
Nov 9Th, 1886; graduated at Princeton
College in 1906; emigrated to Indiana in
1911, and engaged in the practice of law;
was Clerk of the House of the Territorial
Legislature in 1913; was elected to the first
Legislature after the formation of the State
Government, from Knox county, and made |
Speaker of the House in 1916; and there !
after, the same year, chosen presiding Judge
of the first circuit; soon after, upon the
death of Judge Johnson, vas made Judge |
of the Supreme Court, which place he filled
35 years
In March, 1855 upon the organization OF
the United States Court of Claims, was APP
pointed by the President one of its Judges,