The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-11-16
From Cincinnati Price Current, Nov. J5th.1
and Commercial Summary
b q wv q Il


From Cincinnati Prizes Current. Nov. l5th.l
Financial and Commercial Summary
for the past Week.
The supply Of currency is ample, and the
demand being very light from acceptable
borrowers, the money market has ruled
dull and easy at 100per cent. for first class
local paper and SOLO do. for sixty and
ninety day bills on New York, of which
the offerings are very light indeed.
The market for exchange, which was
dull during the fore part of the week be-
came frmer, toward the close with an I'M
proved demand, but rates have not changed
in any essential particular. This improve
ment must be regarded quite temporary.
however and no advance need be looked
for, at this time, but rather the REVERSE
The demand for gold has been on limited
scale. We quote I
Buying. Selling.
New York. ..,...-..-..... Par@ 7spren Mprem'
Boston ..--.............-....'...par 54prem'
Ehiladeip hiai......,..- ...,.... par 49,, Aprem'
GoId..............-.. .........s prem. ss932prem'
There is very little doing in uncurrent
money, as there Is not much offering. Ken
lucky and Indiana free bank paper is being
circulated in business, at par, and therefore
is not being submitted to the shaving pro-
cess of the money dealers, to any great ex-
tent, and as regards Western currency, there
is little or none Offering.
It is now the 18th of November, and yet
there has not been enough done in hogs, on
the spot or for future delivery, 10 constitute
a basis for quotations. Packers are hold
ing back, and do not offer over So, and even
this rate could not be sustained under q
moderate pressure to sell. Feeders, on the
other hand, cannot bring their minds down
10 this low rate, and prefer waiting a little,
expecting that something may arise to
bring forward buyers. Taking the views
of both parties into consideration, there can
be no doubt that the whole question de-
ponds upon the success or non-success of the
United States army within the next thirty
DAYS If there are no indications that the
Southern States will be opened as a mar
ket for pork, before the middle of next
mouth, prices will very probably rule below
So, for the dealers say if there is no South
ern market the great bulk of the pork
packed the present winter will remain a
dead stock on their hands, no matter how
low the price is; and regards foreign
demand, the whole quantity which can be-
disposed of abroad, without reference to
price, can under no circumstances be but a.
very small proportion of the entire crop
Lard and middles will be taken to fair
extent, but what is to be done with the
hams and shoulders is the question heard
on all hands. .az
If the expeditions which have been and
are being fitted out to attack the coast of
the rebel States succeed, hogs would bring
"a, and, perhaps, higher, but the great I'M
certainty connected with our military ope-
rations, SO far, viii prevent specnlations in
pork or any other article of produce, based
upon anticipated military results. If there
10 no Southern market, 80 is high price,
whilst, if we shall have Southern mark
ct, the profits made at this price would be
enormous. The weather has not been suit
able for packing, so far, but even if il had
been, there would be nothing done Of con-
sequence, as there is far more anxiety TO
dispose of the old stock on hand, at prices
equal to about So for hogs, than to take in
flesh supply. Except the inrosds made
in South Carolina by our forces be follow
ed up With further achievements, and it be-
comes probable that the rebellion is being
gradually bat surely crushed out, there
will not be much done in the packing line
until December. There have been some
hogs brought in which had been contract
ed for last winter, but the total receipts, 30
far, beyond those usually brought Ia TO sup
ply butchers, do not exceed 5000 head
Tue packing business generally commen-
ces about this date, rarely later, bat often
earlier. The date of commencement each
Of the following years, with the opening
price was: