The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-12-11
From The CiReiaaati Price Current, Dec. jth
Financial and Comm eretal SUNNI
nv for the Past Week.


Financial and Comm eFetal Summa-
~ for the Past Week.
The financial affairs of our city have 4
assumed a much more quiet aspect during .
the week, though there has not been much |
improvement in general confidence regard I
ing the future still the developments made .
in political affairs have been regarded more
favorable, and the impression is becoming /
more general that the panic will soon pass
over, and that when it does, the rebound
from the depression will be marked and
sudden. The demand for money has not
been pressing, which is a proof of the gen
eral soundness of our merchants and their !
comparative independence of bank accom-
modations. The whole range for local pa
per is II to "a per cent. per annum. No
demand for time drafts on any point, and
they are not saleable, SO that quotations
must be regarded nominal, which indicates
the general want of confidence W hich pre-
walls Sight exchange on New York and
Boston declined materially during the week,
with good supply and bat a moderate de-
mand. Not much doing in Philadelphia or
Baltimore, and rates are little better than
nominal. a better demand for New Orleans
at the close, owing to the low rates of sugar
and molasses there, which induce oar mer-
chants 10 invest more freely. We quote:
Buying. Selling
New York sight-........ 4@2s prem 1901 prem
Boston ................ Par914 prem. 1907 prem
Philadelphia............. 14@1s dis 14912 prem.
Baltimore dis. Par.
New Orleans par. prem
The uncurrent money market has been
somewhat unsettled during the week, SO
much so that the quotations could not be
relied upon from day to day. The Nilsson
ri banks formally suspended last Wednes-
day morning, which did not affect the value
of their notes, as they had been virtually
suspended for some time. At the close, last
evening" the quotations were as follows
Virginia, SOLO dis, the former rate for
Wheeling; Pennsylvania, dis; Missouri,
payable in the interior of the State, 5G97c
dis; lowe, dis; Illinois and Wisconsin, Z
dis; Maryland and Tennessee, 5 dis; Geor-
gia, 2(GlO dis; and Alabama, South Caro-
lima and North Carolina paper ranges from
lO015 dis.
Generally speak ing, there has been some
improvement III business duriu the week and
our business streets presented quite an ANNA
ted appearance; STILL dealers in the city, and
from the country buying sparingly and
strictly with reference toitheir current wants,
| and there is no speculative movement What
ever, i'll any article.
Flour has not changed 10 any essential
particular; the demand has been light, and
the receipts being small, holders were ena-
! bled to obtain very full prices; but had there
been any pressure 10 sell, nothing over ~
could have been obtained for superfine. As
it was however, 81 25(G4 80 were the rates
paid, and, for extra, the whole range may
be called S4 40 10 So. The Chamber of
Commerce is now making arranE ements to
establish standards for three grades of flour,
| namely superGne, extra and family, by
| which the inspectors standard is 10 be rails
ed considerably, and will likewise be more
uniform and reliable. which will be hailed
with pleasure by all who deal in the article,
and will furnish guarantee to those send
ing orders 10 our market that they may de
pend upon getting good article.
Wheat has come in very sparngly the
last few days, and that held here in store
cannot be bought below 95c and II 05,
for strictly prime red and white, which is
| &c above the views OF miArrs. Corn de
clined to SOC for ear, and is duh. Oats
steady at 29c. Rye firm, al 57(d5s. Bar
ley very dull, and prices nominal, at 70GG75 SC.
Whisky declined / &c per gallon closing
at l34c, which is the lowest rate this article
has been sold for in this market the last
fifteen years. There was one time in 1892
when it sold as low as lie. There was an
active demand yesterday lat the decline,
partly speculative.
Hogs arrived quite freely in the fore part
of the week, and prices declined fully soc
per GENITAL, reaching So, Saturday but
drovers held back, not being viking to sell
at this reduced rate, as il involved them IN
large losses and the receipts being light
since Saturday, the market assumed a Grlner
tone, and the greater portion OF this decline
was recovered, the market closing firm last
evening at 50 40GG5 80 for good hogs The
English and Irish packers are buying freely,
whilst the other hOnSes are operating spar
iugly, not being disposed Ia do much,
thinking that prices will go lower rs soon
as hogs begin to come in freely again, a.
there is no demand for the product, nos
will not be it is supposed for some Time 10
stimulate packers to buy freely. .-..s7.
The advices from AL the other pack ing
places in the West of any note say the de-
lnand is Vegy light; that hogs in good
supply and fat, but there is either no money
or no disposition to buy them. At Louis
vile aud Madison the packers are not buy
ing any, having as large number contract
ed for as they can well manage. Mess pork
declined to Sl4G9l4 %, aud about 800
brls sold at these rutes, but Mt the close hold
ers of first class city brands asked $I4 so,
and Sl4 % was freely offered. Bulk meats,
twenty days in salt, sold at 5tG174c. loose,
but there is not much demand or much of
fering. About 200 tierces Of lard sold at
9IG9Ic, closing quiet. Green meats de
cined to 4 |, 81 aud 6ic, closing firm. Old
bacon sold at 94c, and new for future de-
livery, at 74@94c. Sugar declined to 6GG7,
coffee to l34(9l44e, and mOlasses to 27G9
2Sc chasing dull and heavy