The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-04-13
20. Ms e.. Price C..rrent.


Financial and Commercial Summary
for the Past Week.
The action of the Government, in the dis
patch of munitions of war and war steam
ers during the week, has, in the estimation
of the mass of the people, given the pending
National difficulties a very decided war as
pect, and induced increased caution on the
part of bankers and business men generally
which lead to increased closeness in the
money market, or rather, we should say,
closer discrimination but for acceptable pa
per, the market continues easy at lO@l2
per cent.
The supply of exchange on the Eastern
cities has been about equal to the demand,
and the market ruled steady all the week at
our last quotations. New Orleans duh and
heavy at the quotations there is hardly
any demand Time bills on New York ga
10 per cent. per annum dis. We quote:
Buying. Selling.
New York sight. 40 prem. y prem.
Boston ....................... % prem. 4prem.
Philadelphia. 40prem. prem.
New Orleans............... 54l3I dis. Il dis. .9par
American Gold ............ prem. sS9I prem
Illinois and Wisconsin currency has been
the most exciting topic in financial circles
during the week. In addition to the long
list of Illinois given in our last, which had
been refuskd by Chicago bankers, forty-two
of the Wisconsin concerns followed, which
are now selling at discount Of 2o,per cent,
The weatheF has been very changeabie
siinCe our last. There have Been aBusually
heavy rains, with temperature ranging
from 80 to Gj degrees. Vegetation has
made mark ed progress during the week.
Flour has been greatly depressed, and
though offered at a decline of lOMI5 per
bbl, did not find many buyers. The news
from England by the latest advces report
dull market at Liverpool and prices droop-
ing for breadstuffs generally. The receipts
from abroad, at all the Englishsp sports, con-
tinued large, which is the cause of the de-
preston. ng,thelgreater portion of the
week superfne could have been bought at
4 1904 40, but the sales were few and
small choice samples of red and white
wheat have been in demand at l 90 for the
former, and l201 Is for the latter, but
for the lower grades, the market has been
rather dull at 96(G98G for red and / 05M
l OS for white. Oats declined to 25m255c
and closed dull. Corn in ear has been in
fair demand a. 3Sc delivered at the lower
depOts, bat shelled ruled dull and prices
nominal at 32035c; there is no demand for
it, Rye sold at 55G156c all the week with
moderate demand. Barley in moderate
demand at ESQ zoe for fair to choice fall
Clover seed declined to 65@4 90 aud very
little demand. Whisky, under light re-
ceipts advanced to l34c in the fore part of
the week. but the receipts increased toward
the close and the price fell back to l31c, |
closing dull.
Butter declined lc per ID, the supply be-
ing better, prime to choice roll selling at
I5@l7c. The lower grades remain dull |
In the grocery market the business done
has been very light and the transactions
have been chiefly confined to small parcels |
to meet the current wants of the trade
Prices are unchanged, however, holders being |
very firm fair 10 choice sugar ranges from
to &c; prime molasscs 32G133c, and fair
to choice coffee I31G9l4ic. There has been
quite an advance in lie lower grades of
green teas, the last two or three weeks, !
amounting to l0Wl5 per lb and there is
none to be had now below 50c per ID.
The higher grades have not advanced
much This advance is in consequence of
general advance, which has taken place in
the leading seaboard markets qnder the in-
fueuce of the recent advices from China, |
which report large falling off in the ex-
ports and stocks, and material advance in
prices. Circulars published at Snanghae,
the leading port of China, give the exports
for the past two years up to January, as fol-
lows:
1859, Il 726 00O
1s60, 2SoI 600
Decrease. 9,925 900
In addition to this, the stock at that place
on the lst of last January, was but 1000
half chests against 60 600 do. the previous
January; This is certainly an enormous
deficiency. The adyices by the Canadian,
which arrived at Portland yesterday, report
prices of teas at Shanghae still advancing,
though at Canton prices were declining.