The Portage County Democrat. [volume] (Ravenna, Ohio) 1854-1868, 1859-08-03
RETAIL MARKET.
Per Bushel.
Per Pound.
REVIEW OF THE WEEK.

Various are the speculations effect which the
European Peace likely produce upon the commercial
affairs of the world. Certain it is however, that since
the of peace cotton has advanced in the
Liverpool neutrality-suspicious. have declining tendency,
and the Bank England has reduced the rate oscounts
2 per the European advices eport American
stocks London money market, active and slightly
advanced. '-''t E
The N Y Herald stoutly decries the immense impor-
taon of dry goods going forward and strongly CEN
certain of the leading New York Banks for the
sudden and large expansion ther circulation
of these things the Herald sees cause to appre-
bend another crssh fnapc crisis, and sinterposing
its aeknowedged large commercial influence prevent
SO dire a calamity.
The Herald, in commenting upon ths!eTects of peace
on commercial interests, says:
They may be OF serious import this country, do
not meet them calmly and with foresight Viewing the
results of the its sudden termination in the same
aspect with the results of the Crimean war, attended ss
aud with reckless speculation in imports,
hey are without menace to our commercial affairs
ger of another anic if do not exercise the utmost
caution avert it, but in other respects the has hem
eff ted US 1t has increased the Government revenue
considerably at very opportune moment
The N. Y. Post says; sz
While the from Europe appears most unsatisfac-
tory for two important interests the Wes,ern trader and
graduation that agitatng element is removed
from the financial system, permitting wider action of
coincidence
the aggregate doht that whatever may be the
temporary disadvantage to the West. and however slow
the recovery from embarras smen the Termination of the
war will greatly promote business interests and establish
q better state OF things generany-
The N. Y. Journalef Commerce says:
The foreign has taken the market by surpriie,
and has produced mixed etfec no two persons Ia
favorable to the produce business and shipping
that this will be Than counterbalanced by the effect
peace upon cotton aud monetary AFFAIRS and are there
fore buoyant and hopeful.
The pacific character of the from the of
has given an entirely different phase the western crop
question The following article from the Chicago Dem
of wednesday-he editor of which is director Of
Gaena Chicago Raroad-written previous to the
announcement of tho armstice between France and Aus
tria additional pertinence that high prices for
grain in Europe appear more remote:
It being almost certain, then, that prices are to be
low. the question will the producers send their
wheat aud other grain forward at these low rates The
lDgnes of farmers sell at low rates is proverbal
it is natural. But the present crop OF grain and the
hogs and cattle to be made from cannot be held long in
of the grower is owed to The East and must
go there at some price The time has when land
ling in Chicago s17o bushel. must be pod for
with wheat at City seventy five cents oushe or the
land 20 the seller. Much land will doubt thus
20 many railroads built by land grants will
many millions of debts unpaid Resides this all the
goods supplied by the East and consumed oy the Hess
"once in New York. the grain must be sold and the
PRICES
cen enable the United States to compete with cheap
grown European grain IN such trade, the large prof
its with which farmers hoped to pay their notes and store
hills and from which railroads expect large earnings,
disappear The water routes will take The grain, as The
eheller of transportation; and the agricultural
community of debtors must go through the dsagreeabe
paving two bushels of wheat debt one was
to cancel wi en- it was incurred The railway system OF
The West built grain at two dollars per bushe has
reached point where its most severe trials COM
mence The business created by building roads has sub
sided aud affairs along been restored to
their orted quiet Most of the roads have suspended
dividends we large class have Tepudated stocks and
bonds alike By economy, pushed far as TO suspend
necessary REPAIRS many roads have paid interest upon
their mortgage bonds Whether the majority of
do this for the next still matter of doubt
The whole country is richer in crops than ever Vas
made upon the inflated 1856 and 1857, which
quires all the skill of the debtor to manage
The Chicago Times. in speaking of The grain trade,
says treaty of peace the great topic
of the grain market that city and its consequences
were discussed the exclusion of the regular
business the day. Wheat did fall any lower. SIM
ply because there no 'ower depth" for it fall into.
Fytwo cents little price for Wheat, but then our
standard Wheat that sells at that price, is stuff
1t will make good -four. Really good Wheat would
ered yesterday good Red winter Wheat, and the
refused ninety five cents asked The sales
were chiefly of spring. and amounted to 10000
bushels at 5l@53 cents in store. Corn wa' active but
ower s0OU0 bushels sold at 5i@55 cents in store
Four quiet with sales of the best White winter at
$50.
The Grain business of last week has been quite
specabe- The receipts of alone have been l55s6e
bushels, shipments of wheat and together
have been 2ss, $50 bushels.