The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1860-01-30
Financial and Commercial.


From that very valuable business paper,
the Cincinnati Price Cwrent, of the 18th of
January, we make the following extracts,
taken from its financial and business sum
mary for the week ending at that date;
Money matters continue to improve. The
change for the better, to-day, was very de-
cided. Most of the discount houses took
all the good paper offered. .
Altogether, the market was easier than at
any previous time within the past two
months, and the impression now is that the
furry is over, and that matters have got
permanently into the improving SCALE
In the rates on prime Eastern
bills, there has been decline of equal to
2@3 per cent. per annum from the highest
rates.
The movement in the market for sight
Exchange on tie East is also favorable to
any easy money market.
New Orleans sight is heavier, and rates a
shade lower, and we quote prem. buying
and S@1c prem. selling. Indeed bankers
checks were offered at ! without finding
purchasers. : =
Gold has declined with Eastern Exchange,
and we quote 4(@S prem. as the selling rates
the latter the retail figure.
The great business of pork packing, for
which Cincinnati is famous throughout the
commercial world, is about ended.
The provision market has been firm
throughout the week, and prices of barrel
and bulk pork advanced some, but the de-
mand has not beea large, nor has there been
any excitement.
Lard has dragged on dull throughout the
week. Prime has been offered to some ex-
tent, at 10, but buyers have contended for
rates shade below this. 1t has become a
subject of general surprise that this article
should be so dnll and so much neglected
this season, at Toe, whilst last year large
speculative purchases were made at Hollis.
To the trade this seems somewhat inexpli-
cable, but it IS thought that the bitter eXpe-
rienee of last years operations, together
with the great increase in the consumption
of coal oil, and its being used more general
ly instead of lard oil for Illuminating pur-
poses, has produced Il loss of confidence in
the comparative value which lard has sus-
tanned for some years past, and induced Geal-
ers to avoid Specializing in it.
Flour has been quiet all the week. The
demand has been moderate and chiefly To-
cal, though some has been taken for the
South, and considerable shipments were
made to Nashville and other points in Ten
nessee, where the article is both scarce and
high. The stock is being reduced here, rs
viii he perceived by referring TO the i'm
ports aoi exports for the past week
4 good demand has prevailed for wheat
and prices advanced 2(G3c per bushel, clo-
sing firm. Corn declined to 52@53 under
the operation of large receipts and the mar
ket closed rather dull. Bar ley is &c low
er, and Rye nominal. .
The receipts of Sugar and Molasses have
been quite large during the week, and this
with the character of the advices from New
Orleans produced a dull market, and prices
declined being lc per gallon lower, for
MolasSes, and / lower for Sugar. The large
receipts of Molasses at New Orleans, being
nearly up to those of last season, so far, are
leading many to doubt the accuracy Of the
reports circulated SO plausibly and indus
sly regarding the failures of the cane in
lana, and very many think that it is
Il improbable, that the extent of the
re has been greatly exaggerated, and
4e can be little doubt that these impress
= rs are exciting depressing influence upon
Sche trade It should be remembered, how
ever, that whilst there is no falling off of
(. any consequence, in the receipts of Molasses,
there is a very marked one in that of Sugar,
the extent OF which can be seen by reference
to our table in another column, showing
the imports at New Orleans; but then it is
said the planters are holding back their
sugar; and that therefore, the falling off in
the receipts is not correct indication Of the
! extent of the failure of the crop. The re-
ceipts ofSugar at New Orleans, last week,
telegraphed 10 US, were 5000 hhds., and Of
Meiasses IL, 900 brls., which were certainly
quite large, and consequent upon this, prices
are rapidly declining there.