The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-10-05

pose of, and rates are merely nominal. The
manner in which the finances of the Govern
ment are progressing, increases confidence,
and the two year Treasury notes, which de-
clned to csc in New York in the early part
of the week, again improved, closing at 99c.
The rates in this market are 9s@981c.
The demand for exchange has been fair,
and the market did not undergo any change,
the rates remaining the same; though, at
the close, owing to the scarcity of currency,
the market was heavy, and, in some cases,
bankers were refusing to buy at over / dis.
There has been more demand for gold,
and quite brisk business has been done in
it, at premium, dealers paying B(04 prem
ium. We quote:
Gold........s.... prem y prem
In consequence of the rebels having pos
session of Bowling Green, Kentucky, the
notes of the Peoples Bank of that State,
which is located at that town, have been re-
jected, it being supposed that the funds of
that bank had fallen into the bands of the
invaders, but the proprietors of the bank
| say they had removed the funds of Louis
| vile before the rebels came there. As it is,
| the notes do not pass, the public being afraid
of them.
The notes of the Bank of Lexington,
| Missouri, are also unsaleable, as it is stated
| that the funds of that bank are in possession
of the rebels since they captured Lexington,
though it is stated they were returned to the
proprietors of the bank by General Price,
the commander of the insurgents. At the
| close, however, under assurances from good
authority, the paper of both these banks
were taken by all our brokers at the same
rates of other Kentucky and Missouri paper;
and we understand that the Legislature of
Kentucky had authorized the proprietors of
the Peoples Bank at Bowling Green to do
its business in Louisville, where their funds
| now are.
The New 7 ork, Philadelphia and Boston
banks have agreed unanimously to take
the second fifty million of the National
loan, which, with the large amount already
taken by the people, insures the entire sue
cess of the $3.50, 200, 900 asked for. This
confidence in the Government in the very
face of disaster is remarkable. and demon
strates beyond doubt the faith the mo-
MED men of the nation have in the ulti-
mate success Of our arms, and the final tri-
umph of our cause.
Sterling exchange has again declined at
New York to safe specie importing point,
which is to be attributed to the greatly di-
minished foreign importations and increas-
ed exports of our produce. There seems to
be hardly any doubt no7v, that the de6cien-
cy caused by the absence of cotton and to-
bacco exports, will be more than compen-
stated for by the falling off in the imports
of foreign goods, aud the increase in the
exports of the produce of the loyal States.
The consumption of foreign goods was
. enormous in she Southern States, and this
I demand not now existing, will render the
wants of the country quite small.
We give in our present issue extracts
from the English and French journals, re-
/ garding the wants of England and France
l for breadstuffs, growing out of deficient
: harvest In these countries, to which we
r have called the attention of our readers in
previous numbers of our paper, and these
f extracts fully corroborate the accuracy OF
|, tie statements we have made. We pre-
sumo there is no longer any doubt that the
2 extraordinary foreign demand which exist
! ed for our breadstnfs last year will be
{ continued this season also, and that prices
1 will rule fully as high in this country as
they did last season. The average price OIL
3 super6ne flour in this market last year, was
t 81 AZ, We think there is no doubt of the
: average of the present season being as high
. as this, so that the price now (S4) is 45C
D below what may be reasonably expected to
: be the average. England will not need as
e much this year as last, but the want Of
J., France will fully make up this deficiency,
o and perhaps more thansthis, whilst we have
: less to spare. The facilities for transperta-
5 ton from the West to the seaboard, ia
, | which we alluded IN our last, will be q
great drawback upon prices, as the va
{ Tious railroad companies will not only be
: enabled to obtain such rates of freight as
e they may see fit to ask, but their railways
will be wholly inadequate to do the bust.
ness, and hence New York will be the
great field for spectators this year, as the
: supplies from the West cannot be sent for
d ward during the winter months, and thus
/ will produce q short supply in the Eastern
: markets in January and February, and
consequently light shipments to Europe
t and high prices in England and France
/; and consequent high prices in the Eastern
markets.
: There has been great firmness in the -four
market, under the advices from the East
; but the advanced rates of freight asked by
8 the railway companies, and the difficulty
] of shipping at the advance, checked bust
ness materially. There has been however,
a large business done, chiefly at $4 1904
so for fancy and family white wheat. Mon
! day and yesterday the market, under favor
, able advices from New York and a further
: advance in rates of freight, became quite
, dull, and prices declined fully 15c per bar
rel The railway agents refused to take
! freight even at the advance, and, as ship
! ments could not be made, buyers withdrew
T; from the market, aud it closed heavy at
So s503 95 for superfne; $4C94 Is for
extra, and 81 2o@4 80 for fancy and white
; wheat family.
: Wheat was affected by the same inf1u-
ences as -four, and after advancing to s5c
! and 95, declined on Monday and yesterday
rs @7sc for prime to choice red, and 800
, ssc for white. The receipts were about
! 10000 bushels. a-ae
Corn remains steady at 2sc per bushel
; Oats advanced to 24c, with a demand
about equal to the supply.
) Rye ruled at 3St936c at the close, which
is decline, but the demand is good.
Barley remains about IS heretofore quo
| ted; hardly any demand. Small sales were
) made at 4Ot945c-