The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-06-04


LFrou1 the Cincinnati Price Current. 1st.
Financial and Commercial summa-
ny for the past Week.
The rejection of the Kentucky currency !
noticed in our last, greatly reduced the vol |
ume of par currency, which gave the mon
ey market quite stringent aspect during (
the past week, and caused a good deal of
inconvenience in business and financial cir
cles. The discount on Kentucky money
was reduced to 2@23 per cent. and it pass
ed in trade quite generally throughout the
city. The notes of the Northern Bank are
taken at 2, and the notes of the other banks
at D dis. by our brokers. The amount of
acceptable paper Offering continues quite
light, and for such the market is easy at 10
(022, but paper not ranking first class re-
mains unsaleable, except at high rates.
| Hardly anything doing in time drafts on
the East or any other point.
Owing to the scarcity of currency and to-
| tai cessation of demand from Chicago, ex-
change has been very dull and rates de-
clined with supply in excess of the de-
mand, and in many cases it has been sold by
bankers at par for the purpose of obtaining
currency. Gold has also ruled very dull,
there being little or no demand for it. The
/ following were the quotations at the close:
Buying. Selling
New York Sight.......par @574 prem. 34915 prem
Boston .;.-..........par @ a prem. 400 prem
Philadelphia par 81 prem. 400 prem
Baltimore ............-..par o. prem. 14g2 prem
/ Gold.........--..... --........par u prem
The Chicago bankers having discarded
nearly all the Illinois banks, together with
stock banks in the West, generally, we be-
lieve, and having brought their money
| transactions to a specie basis has rendered
this currency hardly salable in this market.
The paper of the nominally solvent banks
may be quoted at % dis, and the other
class rs dis. Missouri paper is l Z dis and
! Iowa dis. The Iowa currency is better,
it will be seen, as the banking system in
that State is not of the stock security class.
| Wisconsin currency is classed with Illinois.
The result of the great change in Chicago is
to put exchange on New York down to par,
and dull at that, and gold to discount of l
az per cent. On Saturday exchange sold
at par for Ohio and Indiana currency. We
do hope the people of Illinois will never
again permit themselves to be swindled by
stock banking. The advices from the East
continue to report money abundant, at 5(0
on call, and but little demand for it. The
new Government loan of nine million dol
lars was all taken last Saturday, at IS and
upward.
A moderate jobbing business has been
done in most departments of trade, during
the week, but the general markets continue
quiet, as dealers in all articles conine their
purchases to sufficient dimensions to meet
their current wants only, and there is more
done for cash and less on time than hereto
fore.
There has been a fair local demand fol-
flour, of the better grades, and the market
/ ruled firm, but superfne has not been in
CURED for to any extent and is dull at 81 &C
IA so, whilst extra sells at 81 65(G4 so
= family at 81 90O5 90. and fancy standard
brands S5(06. Prime to choice white wheat
/ has been in demand for export, and choic,
: Kentucky, which is in light supply, solo
at 81 %, and Ohio and Indiana at 81 liza
i l Is, but red has been dull at 98c0SI.-
= Oats closed dull at 25c, and are in large
: supply Corn dull at 33c for ear; shelieC
! nominal. No demand for it. Whisky IN
: changed, the demand being Supplied at PC
but there is very little needed, and though
e the dlstillers are all running Short the
q are, nevertheless, making more than enough
10 meet the demand. Butter declined 2
per ID prime closing dull at lie. Chees
Z strrstrT amount arriving, but there is /
+ good stock of old.
+ The stock of coffee being greatly reduced
IN the leading markets west of this place
owing to the supply from the South beino
. cut off, there were buyers in the market The
! past week from Louisville and St. Louis
who purchased quite literally, and prices
closed with an upward tendency, the stock
being greatly reduced, prime being held at
I4c Sugar has not changed, and been in
} fair demand at full prices Molasses con
tlnues dull and heavy, and the sales con-
hned to small parcels to meet the current
wants of retailers, the leading rates for
prime being 3I032c.
Recent legislation in Kentucky and Mis-
! souri, has injured the credit of merchants
doing business in those States in the East.
which compel them to buy to great extent
for cash; though, aside from this. matters
look better in both those States, the Cover
nor of Kentucky and his party having ut
terly failed to induce the State to espouse
Secession, and the United States Govern
ment having mercifully prevented Missouri
from committing political suicide.
All kinds of food have run I'D to euor
nous prices in the secession States; whether
this IS owing to positive scarcity or to
! their newly adopted shinplaster currency it
! IS not easy to say. Our impression is that
the decline in the value of the currency has
been the chief cause of the advance in food.
We notice that Memphis is drawing upon
New Orleans for supplies of bacon, a round
| lot having arrived there last week from
| thence
| There has been no change in beef cattle
the supply is about equal to the demand,
and the market rules steady at So 256
| So IS for good to choice. Hogs very dull,
though the receipts are light, but the de-
mand is quite limited, the city consumption
being small and nothing doing by ice curers.
! 1t is difficult to obtain ever So gross, which.
however, IS below the views of holders.
There has been but a limited business
done in provisions, and prices ruled irregu-
lar: About 700 brls. clear pork were taken
to ill army contracts, at ST. part here and
part delivered at Hamilton and Middletown
in the adjoining county. Small sales of
bacon have been made at 5806c for
shoulders, 73@74 for sides, and SC