The Evansville daily journal., 1861-11-30


tail demand at our quotations.
New York.....................Par. 4prem.
Boston par. 14prsm.
philadelphia par. Hprem.
Gold..,'......... ..-....7s prem 3s91aprepp
There is nothing new in uucurrent money
Kentucky passes freely at par, in paying the
Kentucky drovers, SO that the banks get but
little of it.
A very interesting discussion has arisen
in financial circles in New York, growing
out of the new counterfeits on the Shoe and
Leather Bank. 1t seems that the names of
the officers of this Bank, instead of being
signed on the bills of the bank in the usual
way with pen and ink, were engraved and
printed, which seems TO be contrary to law
The signatures to the counterfeits were a.
tached in the same manner, aud as they imi-
tated the genuine so perfectly in every res
pect, the officers of the Bank took several of
them before they detected the fraud. The
question now IS, can the Bank be made liza
BILE, and compelled to take these notes alle-
ged to be counterfeits.
The $40 Treasury notes have to be in
dorsed when transferred from one ownership
to another. In thus indorsing persons
should be careful to write over their in
dorsement-"without recourse" This is the
custom in Wall street, we understand.
The amended banking law of Wisconsin,,
adopted almost unanimously by the people
of that State, at the late election, goes into
effect on the first of next month. 1t COM
pels the banks to redeem their issues in
specie, or New York exchange, either at
Madison or Milwaukee, at a rate not ex-
ceeding per cent. discount. It prohibits
from circulation the bills of banks which
haV M bsanu rodaapoad 81 a.,
previous TO their introduction, at 4 per cent.
discount 60 ~ ork which, by the way.
is a rather stringent prohibition, and will
exclude the bank notes of eli the Western
States.
The law also prohibits any stock being
used as basis for circulation, except United
States stocks and those of the State of Wis
consin. This would seem to be sound basis.
and will make the public safe beyond
probable contingency. There are now
about seventy banks in existence in Wis
consin, and we understand, sixty of these
are ready to comply with the new law. All
not complying, will be wound up by the
Bankers Committee, appointed by the State
Bank Association for that purpose The
present value of the stocks held by the
banks not complying with this law, renders
their issues worth from 75c on the dollar to
par; but, to save the public from loss, the
banks Of the State have contributed fnud
amounting to per cent. for their entire
capital, and the Committee is authorized to
use II ia redeeming the issues of the sus-
pended banks, at par, and their bills will, |
consequently, be received from the public at
par and at once retired from circulation.
This is really a gratifying result of the !
great currency war in Wisconsin, and is so
far superior to that of Illinois, that the |
people of Wisconsin deserve great credit.
We perceive the business in Milwaukee |
has been usually active the past season. |
The immense crop of grain gathered in |
1860 left the granaries full, when the crop |
of 1861 was harvested, and the imports and |
exports of -four and grain, for the season |
just closed, have been the largest ever known. |
The exports being equivalent to l6 ,OO0, 600 |
bushels, against 100000 the previous |
season. The effects of the war are being /
felt only to limited extent in that as well |
as the other lake cities. Business is very
active in Chicago also, indeed there can be |
no doubt that the war has been of great |
to the trade of that city, and /
as the blockade on the Missis- |
sippi has turned large portion of the
agricultural produce of Iowa and Western
Illinois, to both these cities.
The weather has been quite cool with
smart frosts, and light snow fell from Sat
nrday night to Monday night, but it melted
as it fell in the city, but not so in the coun-
try. The temperature has been very favor
able for pork packing, and the season has
fully commenced, though the receipts of
hogs have not been as large as had been ex-
pected. The winter weather has been fully
inaugurated, after long and mild fall,
which has run into Noven. "rt much farther
than usual; indeed, we b. most reached
December before we exper,, ,..ed any mark
ed indications of winter.
fair degree of act ,l-, continues to
prevail throughout the va IS business de-
partmeuts Of the city, ami dealers generally
report q better fall business than for many
years, far beyond what they expected.
House rent has recovered the decline es-
Eablished in the summer, to some extent,
and it is now quite difficult to procure de-
sirable tenement which is vacated.
The time being close at hand when those
who sold lard and mess pork to be delivered
The last ten days of the present month, had
10 meet their contracts, and the receipts of
hogs not coming up to what was expected,
hough the weather was favorable for the
packing, made those parties anxious and
restless, and induced them to enter the mar
zet without much reserve, and to get the
hogs seemed to be the necuniary considera-
ion during Friday, Saturday and Monday,
TO that prices advanced to So Is, and this
,:ice was freely paid Monday morning. On
Change, that day, there was a strong desire
TO sell for future delivery, manifested by
irovers, and this dampened the spirits of
buyers, and prices declined that afternoon
o(9 loc, and yesterday further decline of
l0@i5; was established, and the market
closed very dull last evening at So 3O63 As,
With a continued desire to sell for future de-
livery. The course OF the market each day.
;ogether with the sales, were as follows:
AThere was an active demand for Mess
Pork on the spot and for future delivery,
iuring the week, and the sales reach 5000
Drls, at Sc 60@9 rs; the latter for that
IN the spot Yesterday 1000 brls sold at
90 on the spot, and IS to be delivered