The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-09-28


IA 50@l4 81 for mess 100 10 90 70
prime. Coffee very firm but less active
sales 5000 bags Rio at I540I54; 200
bags st. Domingo at 15c. Sugar is firm
sales of ], 1850 hhds Cuba at 7(984 a small
lot at Sc; 1850 hhds Porto Rico at Sc.
(From The Cincinnati Price Current, Sept. 25d.)
Financial and o numerical SUMMARY
for the Past Week.
The increased activity noticed in the
money market week ago, continued
throughout the week Good business ma
per ruled at 1922 per cent, and for such
the market is easy; but second or third
class paper is as difficult to be negotiated as
ever. The currency of the country banks
Of New York and the New England States
was thrown out by our bankers about the
middle of the week, and placed at a dis
count of one per cent The cause of this is
the low rates of exchange on New York
and other Eastern cities, and the conse-
quent fact that the notes could not be used
to advantage by the brokers fer exchange
purposes, as they are at discount of ] Of
one per cent in New York, so, therefore
upon the well established principle that
what does not pay should be abandoned.
this currency was excluded from the list of
bankable currency. Like most other de-
partments, the banking business, in this and
we suppose in other cities pays but miser-
able pittance of profit, and consequently
bankers as class have to strain every mus
Gle to make both sides meet Exchange has
ruled steady, and slightly frmer, but the
demand is quite moderate. We quote
Rev ss,E,s zors.--..-, p''I Rss. z sfa,ss
e PhtIadslphia. ''''' @ par prem.
There have been some changes in Encur-
rent money. Missouri advanced 60 dis.
Tennessee declined to 26 dis. for old, and
35 do for new banks. Indiana free banks
are dis. The New Orleans banks sus-
pended specie payment in the fore port of
the month-Rbout the I4th we believe
The news reached here a few DAYS AGO. and
their notes thereupou declined to % dis
We suppose they suspended as a matter of
policy rather than necessity, because all the
banks in the Rebel States are compelled to
take the shinplaster currency issued by the
Rebel Government at par on deposte in or
der to give it currency, and therefore can
not and will not issue their own notes.
Money dealers, as n class excel all others in
inlmitable foresight and consummate sar
gacity.
The two year Treasury notes are selling |
at 860D99cc on the dollar, according to date !
of issue, and the interest W hch has accrued. !
The popular loan is now being taken at the |
Custom House, and at the Ohio Valley |
Bank, but not as freely as in other cities
The notes are now being issued, and those
who took the first installments are receiving
them.
The weather has been quite warm. ad
oC1a
turing it; the temperature ran up rs high
as SO for several days. Toward the close it
became cool, with light frost at night.
There has been quite stir in the market
for flour and wheat, and both articles adj
vanced. The demand was notlarge
at any time, nor was there any gem
eral desire exhibited to speculate, but still
there was buoyant feeling.
The news from England in the begin
ming of the week was encouraging, and pro
duced an important advance in both flour
and wheat in.the New York market, and it
was this which stimulated our market. The
news by the Persia, which reached US Mon
day, took away all this buoyaney, and at the
close prices became nominal. Saturday SUI
perfine sold at $4(04 10 and extr, at 81 20
"a 80, but yesterday super could have been
bought at So 1904 90 and extra at 81 15(4
4 ~ Jul DuJCL6 uftu WILLuTdWu ana TINS
dizziness was increased by an advance in
freight to New York, equal to zoe per brl.
on -four, which goes into effect to day. The
news from England and France leaves no
doubt that both countries will need a large
amount of breadstuffs, as we have already
stated in previous numbers ofour paper, and
that this demand will lead to higher range
Of prices than the present, is quite proba-
bic, but this advance will be gradual, for it
is not likely that there will be any large
speculative demand. as the unsettled state
Of the country and the difficulty of obtain
ing money facilities for this purpose. will
prevent this. 1t must be remembered that
lhe quantity of breadstufs taken by EAg-
and from the United States last year, ex-
;eeded that ofany previous year, by nine
zen million bushels, and yet was there
hardly any speculative demand.
The circumscribed means of transporta-
ion from the West to the East this winter.
will be sure to produce high rates of freight.
or after the close of lake navigation, there
will be but two lines of railway to carry
produce of the West to the seaboard. we
asst year had, in addition to these two lines
The Baltimore & Ohio railway and the Mis-.
,ippi river for outlets. The Canada rail-
ways will be used, no doubt largely. for
produce to Boston aud Portland
out when the commerce of the Mississippi
s thrown upon all the railways, it viii be
ound that they are utterly inadequate to
carry it.
Wheat advanced to 85093 for choice red
md white, but fell back to 8O@68c, closing
lull. The receipts aresVery large, vastly in {
excess OF those of last year There were
over $4,000 bushels received during the
week and 287, 900 bushels since the LIST of
he month, against III, 900 bushels the cor
time last year.
Corn advanced to Csc per busheI. and
,afs TO 02c Rive remains Ctaadv % or0