The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1858-11-06
The Nicaragua Route.

A letter from Washington says that the
old contract with White & Co.. has been su-
perceded by new bargain with Vandykes
l. Wallace of Philadelphia, under the title
of the Central American Transit Company,
which has been executed by Gen. Jerez.-
1t was signed, scaled, and delivered in the
presence of Secretary Cass, who cordially
approves of the same. 1t is understood that
Commodore Vanderbilt is the secret cash
partner.
Tho contract requires seni-monthly mails
and continues for fifty years. The transit
must be in successful operation within four
months or the grant and property of the
line will be forfeited. Should the line be
interrupted at any time for the space of four
months, forfeiture will ensue.
The only tax which can be imposed is one
dollar on the passenger. Ports at the ter
mini are free, and SO is all interior nayiga-
ton. The contract is subject to all treaty
stipulations which may be hereafter made.
This contrac. secures the great object at
which our Government has aimed-the free
nayigations Of the river and bay. The
White contract was a monopoly of interior
navigation as well as the through transit
from ocean to ocean, and hence il was Sc
riously Objectionable. The Administration
fully approves of the condition of the new
contract.
White L Co.'S steamers, which have gone
out, will likely be employed in the river on
the lake in the interior trade.
AS this new contract has the sanction of
our Government, it will receive its support.
CINCINNATI Hoo MAKKET-The Price Cur
rent of the Sd inst, says:
Rather brisk business has been done in
hogs, during the past week, and about H.
600 head has been sold, for future delivery,
embracing this and next month, at 62@5
| IS, and at the close there was brisk de-
mand and all offered were taken at the lat
| ter price, with more disposition to contract
| for December than November delivery, at
the quotation. We cannot say that the
market has been strong, however, as large
offerings and desire to sell, on the part OF
holders, would have caused buyers 10 with
draw, as was the case about the middle oil
the week, when there were more sellers than
buyers, at IS 62. There are about 1000
head i'll the pens, and 24o head were cut by
one house on Friday, but the weather is toe
warm and unsettled to slaughter with safety;
but all the houses are ready, and are wait
ing for the weather to settle down to safe
temperature.
There is quite large number of hogs now
in the vicinity ofthe city, SO that operation:
will open generally within the coming ter
days, in all probability. The feeling as re-
CARDS the future, is in favor of comparative
ly high prices, and the impression is pretty
generally entertained, that owing to til,
abundance of money, a speculative feeling
will keep prices mp to high average, not
withstanding though there should be an in
crease in the number packed. There are
also, quite a large numb.r of short cror
men, chiefly, however, in Kentucky WI
understand that the Louisville packers are
with few exceptions, "short croppcrs," anC
are straining every point to secure as larg.
a number Of hogs as possible.
In the meantime, the farmers have dis
covered that it will pay well to feed thei
corn, or even their wheat to swine, and ar,
doing so extensively, in order to meet the de
mand. Our letters from Tennessee, repre-
sent the " finest hogs and the 80 finest corr
in that State known for many years. 4
good demand has existed for mess pork, 70
future delivery, and So so has been pal,
for round lots, within the week, to be dc
liyered in December, and the latter part O
this month.
Lard could be sold at 9Ic for Decembc
delivery, we understand, and it is our i'm
: preston that some sales have been made a
this rate, though there is far less anxiety thar
usual at this time to make lard contracts. :
Some green hams sold at y for delivery
next week, but they are now held at 81.