The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-12-07

From the Cincinnati Price Current, Dec. 4.
Financial and Commercial Summary
for the Past Week.
The money market has been more active,
the demand having increased, but the sup
ply. being abundant, the easy feeling still
continues, there being no trouble in negoti-
ating acceptable paper at 1O0l2 per cent.
The cause of this activity is the active bust
ness which has been done in pork during
the week. A large amount of currency
was sent into the interior in payment for
hogs. -
In the forepart of the week, the demand
for exchange was slightly in excess of the
supply, and the market ruled firmer, bankers
paying shade over par, without adYanc-
ing the selling rate; but, toward the close
the supply increased, and the market rules
easier, and so closed. The demand for
gold continues on a limited scale without
change in value. We quote:
New YORK ......---..,.... par. / prem.
Gold.....'1 ..s...............B prem. 8(93 prem.
The weather has been quite changeable
A good deal of snow fell, but it melted soon
after falling this was succeeded by a cold,
bracing atmosphere on Monday and yester-
day, the thermometer down to twenty-six
in the day time. This was particularly
favorable TO pork packing, and very active
business was done the last three days Of the
week at decline established in he fore
part oS the week.
The receipts of hogs has been quite large,
but all have been taken by parties having
contracts and those packing for the English
market, the latter houses buying very freely.
Yesterday there was al increased firm
ness displayed by drovers, and they asked
an adysnce of 5(0l0c. per cental, but did
not succeed in establishing any, only TO q
limited extent, packers not being disposed
70 follow up the advance, more especially
owing to the fact that the demand for the
product did not improve. The sales were
confined TO:
500 averaging......225@23o lbs az
800 '' 800. 225 +" 327
700 q Cd .225@23o " 3 3O43 50
400 ...... 240 /" 335
The receipts for the week, the season, and
comparatively for some previous seasons,
were as follows:
Total for the week ......... ..............60,27
Previously reported ,743
Total for the season 5000. ...........109, 016
Same time last year ...... .....,...143 1913
The active demand in the forepart of the
week induced drovers to make purchases in
the country at prices they now can not re-
alize, aud this was one Of the causes Of the
hrmness displayed by holders yesterday
In no previous year, probably, has there
been so much put up for the English mar
ket; and there can be no doubt that the
quantity of American bacon sent to Eng
land and Ireland the next six months will
exceed anything ever thought of before
and the same may be said of lard. For the
information of our readers beyond the ocean,
we will say that the quantity is vastly su-
perior to arv YER put up in the country
before, owl sid,the great abundance of corn
fed to hogs lie last twelve months. The
meat is young and solid, too, as the hogs are
yonng. Not only are sides being prepared
for the foreign market, but shoulders and
hams, so that the supply will not only be
large, but the supply good.
In tie forepart of the week there was a
good demand for mess pork, chiefly specu-
lative, at so on the spot, and 9 rs for fu-
ture delivery, but this demand fell off, and
toward the close there was no demand, al
though it was freely offered at so on the |
spot, or for future delivery.
The demand for lard has been good, and |
but little on the market, prime being salea- |
Bile at 1907 and &c, in kegs.
There has been a good demand for green |
meats during the week, and the market |
closes rather steady at u for shoulders.
3B@5a for sides, and 31(@3a for hams |
Some sales were made at 34c but they were |
not large. At the close, the rate for hams. |
as they run, was 81, and for selected 81.
Bacon has been firmly held at 33(04 for |
shoulders; 5054 for sides, and 5396 for |
clear sides, in view OF the demand from the
it being supposed all the ba-
con now here will be needed for that pur-
pose.
Butchers lard has been in good demand
all this week, at &c, buyers furnishing pack
ages; &c should have been the quotation,
instead of sc, in our last, which was mis-
take. Head and gut sold to the extent of
l, 200 urls at 6s(063, the latter rate on the
spot and 5t@64, to be delivered ahead.
Flour has been dull, without any change
Of consequence Superfne 81, and extra
1 1904 25. The demand has been local.
Whisky declined to &c, but subsequently
TO I3R. The receipts have been
large.
Coffee is fully lc per ID higher, and very
firm at l7@1s.
Sugar is 6rmer, but not quotably higher.
Molasses has been in better request and
closes firm, though prices are lower than
hey were week ago. 40@42c being the
ange.
Linseed oil dull at 69@7Oc.