The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1862-02-28
[Froln Cineinnati Prioe currsnE- Fah. ae. !

CEron Cincinnati Price Current, Feb 26.l =
Financial and Commercial Susarsaa.
I ~ ~ for the past Week.
Il With little exceptions the past week hal
been a continued jubilee, and business mat.
ters have been therefore greatly neglected
Friday was spent in making preparationi
for, and Saturday in celebrating the birth
day Of Washington, and it was doue with
an unanImity and an abandon, the like OF
which was never exceeded in this city.
The demand for money has Increased
somewhat, consequent upon the activity in
the pork trade, but all good business paper
y anxiously sought after at 8010 per cent.
Capital is abundant, and when the security
is satisfactory, there is no trouble in get
ting the money.
The demand for exchange has been quite
| light, and the market ruled dull at par buy
ing, and 4 prem. selling rate. Gold was
dull ia the early part of the week, and fur
ther declined to 2 premium buying, and 3
prem. selling rate but subsequently ad-
vanced &c under the advance in New York.
dealers asking 81 prem, but yesterday the
news from New York put it down to 24(63
premium selling rates, and premium buy
ing.
The influence which induced the specu-
lative demand for and advance il the price
OF pork and lard, noticed in our last, con-
tinued to have the same result in the early
part of the week, and prices further i'm
proved. This brought large number of
country packers into the market, who were
disposed to sell at the advance, and The re-
suit was a dampening effect The specula-
tive demand subsidized to great extent. and
she news that Tennessee had yielded to the
force of our arms, which came about the
middle of the week; that the Governor of
that State bad ordered the citizens to lay
down their arms, and convened the Legis-
lature to repeal all laws, which had been
passed, inconsistent with the Constitution
of the United States; not having been full
ly conhrmed, the pressure to sell increased
and the market at the close was quite heavy
at S1l 75@$I2 for mess pork, and 3a65c
for bulk do, these being the rates asked.
Lard, though held firmly at 74c for prime,
was dull and heavy, though there was a
good demand from manufacturers at 63c.
for head and gut, and we understand that
&c was paid for the latter. ~
Bacon was offered pretty freely at Ale.
for shoulders and SIC. for sides, of which
about 2es .legsheads sold i J
A continued good demand for sugar
cured hams at 6A97c. for uncanvassed
and 79T37 for canEassed, including pack
ages.
The basis of the demand for provision
being the successful movement of our army
into the South, and the prospect of a gen
eral trade, thencefrom as the immediate
result. renders the war news received from
day to day highly important to dealers in
pork, as the market responds to it with
regularity and promptness quite remarka-
ble- The news received yesterday after
noon, that Gen. Buell., at the head of 900
troops, had taken possession of Nashville,
without opposition, and that our flag was
floating over the State House; that Cover
nor Harris, and State officials, with the
rebel army, had fed 70 Memphis, still more
unsettled the market some were more dis
posed to sell, while others felt Otherwise
The news we publish in another part of our
paper, we think ought TO have a very
marked influence upon the market, indi-
eating, as it does, that the largest crop of
pork ever packed in this country has been
packed the present season for if we take
into account the increase in the shipments
to the Easter3 cities, the total increase will
not be less than half million hogs, not in-
elading the Increase in the weight, which
will not be less than per cent.
The demand for -four has been good, and
prices advanced TO S4 5004 So for super
fine, but the market closed dull and heavy.
Wheat advanced to 9sc(9s1 for red, and
l o5@I 10 for white, but closed dnll. Corn
remains steady, and has been in good de-
mana At 3oe. Oats dull at 2s@2sA. Bar
ley advanced to T2@75e for fall, with
speculative demand, and closed frm. Rye
5z053c, and in good demand.
Whisky fuctuated largely, having went
up to I8c and back to lie, closing firm
however.
In the grocery market there Is but q Ii n
4c lower. Molasses is selling in The small
way at 40(042c. Coffee is held more firm
ly under the advIees from New York, but