The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-10-29
From. he Gin. Price Current, Oct. ~, 1850.
Business and Financial Summary OF
the Past Week.

Iron. he Gin Price Current, Oct u, 1850.
Business and Financial Summary OF
the Past Week.
The money market continues easy for all .
good business paper, with a fair demand,
and no indications of any stringency in the
future; lo@I2 is the prevailing rates, and
no good paper Offering outside the regular
houses. The supply of currency is good,
and generally speaking, the market is in AZ
satisfactory state as could be desired at
this season. The offerings of time bills on
the East and South have been light, and the
market for them has not changed. Eastern
bills range from to 10 per cent. per an
mum, the latter rate for sixty and ninety
day, and 9@l2 per cent. for New Orleans,
having two to four months to run.
The demand for sight exchange has been
moderate only, and the market has ruled
steady at the rates given below.
There has been little more demand for
gold the last two days OF the week, at
slightly improved rates. We quote
Buying. Selling.
New 1 oa,k Sight'-'-''' 90 prem, 1909 prem
American Gold ........,. 25a3o prem 379451 prem
Western currency is bought freely by
dealers at l dis. for Missouri, Illinois and
Wisconsin, and J dis for Indiana Free
Bank.
satisfactory state. " Tnompson's Bank Note
Reporter under date OF the 18th, says:
The banks of this city contracted again
last week one million-this makes a total
contraction since September Ist of eight mil
lions and half; still money is easier now,
and cheaper than on the 1st of September
''Were it not for the elections there Guild
be an expansion commenced Immediately,
and other speculative movement in stocks
as il is caution predominates, not only in the
bank parlors, but in all branches of bust
ness.
Foreign Exchange has declined so that
bills are l per ct. cheaper than gold for re-
mittance Sterling, s4@84 Francs,
5,l7i and still further reduction probable
The stockholders of the Artisan Bank are
still making efforts to resume, and the APP
pontment of Receiver is delayed TO give
them time.
From the present aspect of the money
market, we expect that the ten million Gov
eminent loan will be taken on bids to be
opened next Monday; if So Treasury notes
will cease to draw interest after sixty days
notice; the notice will appear Immediately
after the loan is awarded
This loan was taken, as we are informed
by telegraph, at par to % prem, which is
below previous rates.
| In New Orleans the money market is
very stringent, and loans on first class paper
can not be obtained for less than . per cent.
per annum.
The weather during the week has been
! chilly-Sunday it rained all day, and since
/ then it has been cloudy and cool. The
! range Oftemperaturp during the week has
! been 80 to 60 deg.
Flour has been quite unsettled the greater
portion of the week Holders seemed
/ disposed to slip to another market, sooner
than submit TO any decline of consequence,
SO that the transactions have been confined
to small parcels at 81 1904 80 for superfine,
and $5(15 &c for extra, but there were few
buyers at these rates. At "A IS there was
some disposed to purchase superine, which
| would, however be hardly down to Il
shipping poiRt, as prices are giving way in
New York from day to day under large
| receipts, and not very encouraging accounts
/ from England The very heavy shipments
being made TO that country tend to make
dealers cautious lest the Liverpool marke
should give way under them.
Wheat declined &c. per bushel and closes
dull at = OF and , A for choice red and
white
Corn unchanged, and i'll moderate de
mand
Oats in large supply, over 30, 900 bushels
having been received during the week. bu
the export demand being good, prices were
sustained nj soc. There is large quantity
going out on flatboats for the South.
Rye declined to 64(165c. anu dull.
Barley unchanged, aud the higher grades
in good demand at 6O085c.
Whisky declined &c. per gallon during
the week, and closed unsettled. The receipt:
have been very large, reaching 10000 brls
during the week, including that which came
in by wagons and last evening sales were
made at l6s, though the prevailing rate
was lTc
! Cheese is coming in freely, and the stock
accommodating this article is fully &c pei
ID higher here now than in New York, de-
Quoting the difference in taTe which is ac
/ tual there, but not here. This will throw
large shipments into this market, and mus
lead TO a decline, sooner or later, if the En-
glish market does not do better, which car
hardly be expected, as the wet season il
: England must have made the pasturage il
that country excellent, thus increasing tn,
1 production OF cheese, and no doubt fuTthe
3 decline VIII take place in prices in Liver
Q pool.
f Hardly anything has taken place in hi
= provision market worthy of note during tn,
week. A moderate demand for mess porl
r ! at SIT 75@l7 81, and for clear bacon side
o l34, but in other articles nothing has beer
= done and prices are nominal at 83(91li TO
shoulders and rib sides. Not much doiR
= for future delivery, and not much desire Z
% buy or SELL The leading packers of ali
, city seem to stand aloof until the seasO
g opens, aud then run with the market VIVA
little is being done tor the future is kep
o private Nothing done in box meats
e | though one or two packers are busy film
/ early contracts made a month ago, and tia
e first shipment OF new box meats this seaSo
;. was made to Liverpool Monday The limit
, of the English orders remain at the rate
D we gave in our last, but these rates are be
: low the views of packers. As We hav
= stated several weeks ago, large busines
viii be done in box meats this season, an
; heavy shipments made to England, becans
Z .he general belief is they will pay.