The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1859-01-29
FINANCIAL AND COMMERCIAL.

The Prospectfor high prices in breadstus during the
ems uing year, is almost alarming The last years
crop in the United States, will fall full one,quarter
short Of an average. In Span Portugal France, and
the region Of the Baltic, all have had short crops At
ODESSA the granary OF the old world prices are so hsh
that they offer inducement for speculation England
alone has enjoyed good crops. Our exports for the last
six months. have greatly fallen off, and it is generally
admitted that before spring England will be Obliged to
import grain France is preparing for similar
result The bulk of these imports will have to core
from the United States may, therefore, now begin
Il, look for gradual of prices in the Liverpool
market and with it a similar rise in our own.
The SIC 900 600 loan advertised by the Secretary of
the Treasury was finally negotiated in New York. on
the e4th inst at per cent. premium. Alarge portion
OF it was taken by foreign capitalists in union with
capitalists. Thus some &c, 100000 mpor-
SPECIE with goo more, which had been laying
comparatively idle will be put into general circu
lation throughout the United States This, is it hoped
will do something to reliev the west
Emigration 10 the Pixies Peak gold mines is begin.
ing to create quite stir in the country. The tendency
of this will be to partially reduce the price Of
real estate Should, however, the mines prove be half
as productive they to PROMISE reaction will
take place, and impulse to real estate will be
result. From till spring, therefore, will be the
favorable time to buy many good bargains will
price of horses, mules, and cattle, many will be ia
ken from the for emigrating purposes.
partial improy ement may also be expected in provi
sions in our western market from the heavy conveys
which will be transported to the new Edorado.
1t is a remarkable fact that while our petty money
changers in Ottawa demand and actually receive, from
20 80 per for money, plenty seems to be daily
Offering Chicago for 10 per cent, and that too on
paper that would have been secuted at year ago In
from TO per cent. Yet in central Illinois,
where the very best security be given, per cent
per month is firmly demanded.
Exchange is comparatively cheap in this city. Our
banks pay per cent. for eastern and sell for ~ On
Chicago, 4a1t Demand light In Chicago eastern ex-
change sells at 1i4alH with considerable call for it,
On New Orleans, active at per cent. About the same
figures rule in st. Louis.
The weekly statement of the New York banks, for
Jan. "a, gives the following exhibit
Increase OF loans sl90105 Increase Of specie s9 Sf
Decrease of crtion l2S9lS lncrs Of deposits 3o3o24
Tota! amount specie on hand a29,4i2,o56
There is prospect that the combination entered into
by the Erie y Y. Central Pa. Central, and Baltimore
and Ohio Railroads will he broken up. 81 ou!d
this desirable event take place. it is thought that
duction the fare all Atlantic railroads vii!
sue Such a result would prove advantageous to the
west in saving heavily on freghts and travel.
At the Assay Office of the Philadelphia Mint two small
lots OF geld form the Pixies Peak mines, by the
governor OF Kansas tested One lot proved 20 be
worth t21 OF per and the ether sl9 o. California
gold averages 81 90 Australia $50 pr OF.