The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-11-27

American GOld........-.- pltlI' - PASA4i-
The market for Western currency has
been greatly unsettled. Illinois declined TO
10 Der cent. dis, but'again advanced to 5 dis.
There is considerable want of confidence in
many of those stock banks owing to the
possibility of the stocks of Southern States
bv which the notes. are in part secured,
declining largely.
The feeling in the market for all kinds of
produce ms been one of general depression,
during the week, and prices of most artl-
cles have either declined largely, or become
81 unsettled that prices have been little bet
ter than nominal from day to day. The
chief cause of this depressed and unsettled
state of the market is the political excite
ment now prevailing in some of the South
eru States, consequent upon the result of the
late election of a Chief Magistrate. 1t IS
not our desire, or our province, to discuss
political matters bu. ne may he permitted
TO saw that all this confusion and excite
ment seems very silly, indeed, for we can
not see how those States which are SO dis
satisfied can add to their safety or obtain
redress for their grievances, real orimagin-
arv. by Withdrawing from the Union; and
then we would ask, suppose all the States
were to vote on the question, " shall this
Union be dissolved p how many, we ask,
would vote in the allirnative2 We have
great confidence in the intelligence Of the
Deople, and we feel satisfied that sober sec
ond thought will very soon show the people
of those States the absurdity of the position
they now occupy
That this excitement has produced con-
siderable anxiety in commercial and imam
cial circles, cannot be denied but it will
be of very brief duration, we venture to pre-
| diet. and then the rebound will be sudden
/ I ~ ppnufrV inst
| DC ssesses the material II give great elastici-
| ty to the solid wealth of the nation, as re
! cards both her finances and her commerce,
! which will throw off this incubus called
manic. and restore confidence Immediately
The balance of trade is largely in favor of
this country, and this balance must increase
during the next six months largely. There
il really no cause for crisis no plausible
basis upon which to build one nor there
can be none. SO that it viii be fOand, six
| ty days hence, that this furry is mere
panic-a fright without II cause.
Flour he's dragged heavily all the week,
and there has been very little done, and to-
wards the close of the week, the feeling be-
came still more depressed under the very I'M
settled state of the New York market, where
prices declined 25@4Oc per brI during the
week. which was chiefly owing TO an unset.
tied and stringent money market there, and
great difficulty in selling sterling exchange
which is down ID car per cent. discount,
in that market and nOmin al-few, if any,
BUYERS ut the quotations. Wheat also de-
clined there during the week 7G1Sc per
bushel, owing to the same cause. In this
market it declined 400 Sc per busheI, and
dull ut the decline.
Corn, Oats, Rye and Barley did not I'M
dergo any essential change; the demand for
them being fair from the home consumers
Whisky declined lie, and has been very
dull during the week.
The trade in hogs has been very fiat, and
prices further declined 25G930 per Genital
) with a dull and unsettled market from day
to dav. The weather was bad portion o
the time, but became quite favorable at the
close. The receipts have been again very
LARGE. and the quality Of the hogs very fine
| the average ranging fully 10 per cent. above
that of those received the corresponding
week lest year. A considerable portion o
those which arrived during the week hac
been contracted for previously, S that th'
number on the market was comparatively
small; still packers held back from day t
day, and drovers made concessions from day
to day, until they reached Sc % for heavy
hogs; but not meeting but limited de
mand at this rate, they commenced packing
; on their own account, in preference to max
. | ing any further concessions. PACKERS
however, were generally Indifferent, anC
did not seem disposed - buy largely evei
! at a further decline, and refused good hogs
r Monday, at So lO@6l5.
e Yesterday there was no change. Buyer
are holding off for lower rates, whilst drov
ers contend for Sc I566 50. The sale
were, 400, av. go, at Sc 25; 200, av. 24O
0 $500; $40, av. 2l0 and 2l5, So 25; I22
av 200, at Sc %; closing unsettled, though
f the weather is as good as could be desired
The decline of prices in this market pro
: duccd a corresponding decline in all TIN
: Western markets. In New York, yester