The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-12-19


contest between men reputed to be sensible,
and a miserable abstraction, an attempt to
vanquish an enemy which does not exist,
mere quixotic crusade against nothing.
The exchange market, regards New
Gork and Boston, has been considerably
frmer during this week, and rates advanc-
eG, closing with a continued upward ten
dency. On Philadelphia and Baltimore it
has been quite unsettled, and rates lower
and irregular. We quote:
New York Sight. l914 prem. Z prem.
Philadelphia ............ 1zQ51 dis par q II prem.
Baltimore ............... Rg3 dis. / dis.
New Orleans m. par y prem.
American Gold.....-.. 1@l4 prem. It492 prem.
The market for uncurrent money has been
more unsettled during the past than the
previous week and rates of discount have
advanced. The notes of all the Indiana
Stock Banks have advanced to 2,dis., except
the Bloomington Bank, Rockville Bank,
Bank of Syracuse, Bank of Indiana, Indian
Reserve Bank, Fayette County Bank, Bank
OF COnnersVille, Hoosier Bank, the notes of
which are now 20 to % discount.
Thompson's Bank Note Reporter of Sat
urday says
"There is more hope of but not sufficient
confidence in the future, to change the bust
ness aspect of the street. The banks have
acted expansively, nd by so doing have
warded off revu.5ion. They discount al
most all their acceptable offerings, but
when paper of even undOubted character
is offered in the street, it goes at l2@l8
per cent.
"Foreign exchange is still from 507 per
cent. under its specie value-Sterling, 406,
and French s As. The nominal E is 81 A;
to this add the premium of say s, and it
makes pound 81 sc, whereas the specie is
81 Sc, or a sovereign.
Money can be used at something more
than double interest, in buying foreign ex-
change and importing specie.
AS at present advised, all the States will
pay their interest on the lst of January, and
Illinois will pay some three-quarters of a
million of principal"
Though there is a small business doing in
most departments in the small way, yet
trade is lifeless, and business men despond-
ent-not so much in consequence of the
present trouble, but owing to a dread Of the
future.
Dealers buy all articles simply and strict
ly with reference to their present pressing
necessities, and this embraces flour, pork,
and the various articles of produce, as well
as general merchandise. Flour arrived rath-
er more freely the receipts being 1900
brls for the week, whilst tue exports were
only 5000 brl5. Prices were somewhat IT.
regular, but not essentially lower but this
is owing to the fact that there has been
very little pressed upon the market. Prices
may be quoted thus Those who wanted
to sell could not obtain over 81 fer super
fine whilst those who had to buy had to
pay 81 1904 %. Extra flour sold at one
time at 81 %, aud then again the same
grade would bring 81 so. There is a diff
terence of IS to soc per brl iu the circum-
stances under which the transactions may
have taken place. The demand consists of
/ the city trade, and to fill orders from points
4 in the interior
Wheat has ruled nominal all the week,
holders being unwilling to take less than
9Oc and 81 for prime red and white, which
are above the views of millers fully loo per
bushel. Corn advanced to &c. Rye de
clined to 55GG56c. Oats steady at IS. Bar
ley 1T 70GG75 for prime. Whisky advanced
to l4c in the fore part of the week, but again
fell back to l34 yesterday.
The market for hogs has been very much
depressed, and prices ruled low. The num-
Der on the market has not been large at any
I time, as many of the droVers prefer packing
on their own account 10 selling ut present
| prices, hut the demand has not been up to
the offerings any day, and prices settled
down from day to day, until light hogs sold
~ low as 81 Coos - yesterday, whilst the
best in tile market were offered at S.. Far
mers aud drovers are generally holding
! their hogs back expecting better prices,
and hut for this, prices would now be down
to "a. The fact is, there seems to he not
/ enough confidence entertained by our pack
ers in the future, to carry a heavy load of
! l..
if they had confidence, money is so scarce
that they have not the means to COON with
out selling the product, and this cannot be
done now to any extent. The adyices from
New York last evening looked more hope
full, and had "a cheering influence upon the
feelings of merchants; bnt something more
tangible must take place before any i'm
provement in prices need be looked for
At the close, last evening, pretty good
business could have been done at 81 T5(0
4 so, the English and Irish packers being
willing to pay these rates but holders ask
ed 50 for good hogs, and contended for this
rate firmly.
We are now, in the receipts, behind most
other seasons, during the last ten years,
which is not owing to a scarcity of hogs,
but simply consequent upon the panic,
which induces owners to hold back. The
receipts, however are greater this season
than they were in 1857. The market for
the hog product has been very much de-
pressed, and the demand quite limited
About 900 brls mess pork have been TAX
en- to fill orders, at Sl3 IS to SI4 %, &C
cording to brand but at the close the best
brands could have been bought at Sl4-
! and 500 brls sold at this rate yesterday
Whilst brands not so we'll known, could
have been had at SI3 50(913 IS.
There has been very little doing in bulk
meats and prices have been quite irregular.
We heard Of sale of so bids. sides yes
terday at 81 packed. Shoulders are held
at 5 loose. Lard has ruled dull, and prime
in tierceS has been offered the greater por-
ton of the week at 8, but buyers talked of
| 83@S8, and 200 tierces were bought at the
latter rate Monday and yesterday it is diff
fcult, however to buy prime below Sc.
Old Bacon sold at 6@8c. Tor shoulders and
sides. Three months ago it could have