The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1852-05-08
From the Galena Advertiser of May Sd.
STATE OF TRADE.

two, if not three weeks behind the aver
age of former years-and March and
April have been very wet, cold and I'M
pleasant, and travelling has been as bad
accordingly, and SO continues up to this
time. The river at this date is at high
er mark than it has been as carly in the
year, since 1928. That year, the June
rise came down before that of April was
out of the way, and the river rose six
feet or more higher than it is at this time.
The Steamers, both above and below, con-
tinue to do large business, and the trade
with Minnesota and Northwestern Wis
consin opens very well indeed. We are
gratifed to learn, that, notwithstanding
communication with the country has been
barred to great extent, the sales of
goods, on an average, during the past
month, are seventy-fve per cent. more
than last year. This statement is made
after careful enquiry and consideration
We congratulate the Merchants, Me-
chanics and Traders of Galena, on the
suspicious complexion of affairs.
GRAIN-On this head we shall have
to continue nearly silent, since there has
Wheat, Corn, Barley or Oats. The lat
ter have advanced here and below, and
choice lots have been sold for city con-
sumption as high as PC. Shippers pay
lSa2Oc.
FARMERS PRoDucE-Is in demand
and is bringing good prices. Eggs 1Oc;
Butter l4al5c for nice; Corn Meal,
Beans and Potatoes very scarce, and in
good demand; Country Bacon, for Should
ers 7a7 1-2c; Hams SaS lie; Lard,
country Sa8 l-2c. As we have repeat
edly suggested to farmers, the indications
are becoming daily palmer, that all the
beef, pork, grain, poultry and produce
generally that they can raise or grow,
will be in brisk demand, at high prices,
the present and coming year. An addi-
ton of population Of 1900 to 10 Da-
viess county, is promised within year
very few of whom will produce any
thing to feed themselves-which must
have strong tendency to increase de-
mand, and raise prices.
LIVE STocK-As near as we can get
at the figures, there have been l03 Hor-
ses and III head of Neat Cattle, sent
up on the boats from this point, this sea-
son. A third of the latter are intended
for beef. We do not hear of any change
in prices, nor any considerable arrivals of
stock, except such as above mentioned,
which has been forwarded to Minnesota.
We suggest to those interested, the pro-
priety Of establishing, in this city, a
regular weekly or semi-monthly Cattle
Market. This has been found to be ne
cessary at all points where large quanti-
ties OF beef, provisions or cattle are con-
sumed or shipped. 1t would be a great
convenience to the buyer and to the sell
Ter; enabling both to meet at a given
place on a known day. After getting
some further facts, and hearing the opin-
ions of both buyers and sellers, we shall
refcr to this subject again.
-~~~,~--~~>>~-~-~>>~~-,~~
MONETARY.
We extract from the financial column
Of the New York Express Of the Goth
instant, the following paragraph:
"The astounding results of the gold
mining in Australia, the news of which
was brought by the Arctic, taken in con-
nection with our own California produc-
ton, has created profound sensation in
England, and is equally calculated tc
make an impression here. What the eff
feet will be Of the continued streams Of
gold from these apparently inexhaustible
reservoirs, on the affairs of mankind
puzzles the most astute and sagacious
minds in the world of finance. There i:
no disagreement, however, that this un.
,rfl, r. of ho
metals will cheaper the price of money
and in an equal ratio heighten the price
of property. To the world at large it i:
of no consequence whether one country
or another is the owner of mines of tht
precious metals. The metals will follow
the course of trade, and are, therefore
not confined to the place of production
They are Of universal use, and received
in payment for the results of labor at fix.
ed value, and will finally reach those ma.
tions that supply needful articles. Eng.
land will be the disbursing point from
whence the metals will be diffused over
the trading world. The effect Of this
cheapening the price of money is seer
in the steady advance of consols, which
are at nearly par, and will very probably
be at par or above in short time. The
British Government will doubtless avail
themselves of this favorable condition O
the money market to reduce their expen
ses, by reimbursing the three per cents
and issuing two and half per cent
stock. This will induce capitalists tt
look round for safe investments at higher
rates of interest; and as American stocks
which pay better interest, are nov
sought for in London with avidity, the!
will absorb large amount of the surplus
capital seeking investment. 1t is in thi
way we are to participate in the surplus
of the gold product from Australia; ant
there is little or no probability that WI
shall have occasion to ship specie from