The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-08-05
(Frons the Cincinnati Price clnTreAf.)
Financial and COmmerciai Summary
for the Past Week.

From the C11tetnndd Price CHTTreld.)
Financial and Commercial Summary
for the Past Week.
The defeat suffered by the National troops,
referred to in our last, operated seriously
and unfavorably upon financial matters, and
increased the want of confidence, SO long
existing. Public securities declined 4G4s
per cent, and the United States 60-day
treasury notes declined 5 per cent, and for
the same reason it has been more difficult to
borrow money though the supply of idle
capital continues to increase, but the want
of confidence makest hose who hold il more
cautious, aud less disposed to make any in
vestments. 1t is absurd TO suppose that the
credit of the Government can be sustained
in the face of disaster and defeat, because
the credit Of no Government can, and yet
this is no evidence of weakness, necessari-
~, for during the Russian war the British
funds went down to a low figure, and the
prices of them responded to the news from
the seat of war by every mail. Yet no one
then supposed that the decline would be
permanent, or that the stability of the Brit
ish Empire was in danger. But notwith-
standing this, we find knaves or simpIetons
now intimating that the decline in our
Government securities is an evidence of
prospective disaster and defeat.
Money continues plenty, and no trouble
is experienced in obtaining it when the Sc
curlty is satisfactory at 10@I2 per cent.
for sixty day paper, or COS per cent. on
call, but the security must be extremely
good to be satisfactory
Exchange ruled without any quotable al
teraton; the supply has been fully up to
the demand, but the market closes rather
frmer than it was week ago. We quote;
Buying. Selling.
Hes York .;:.-.--.-. par g = prem prem
Boston ...................parg1s prem Is prem.
Baltimore. prem - prem.
Gold ....-......... = prem. 1a@2s prem.
considerable amount of the new 60 day
treasury notes have found their way to this
market, through the Qdartermaster's depart
ment, but have not passed at par; they
were taken at 986l99 in the beginning of
the week, but subsequently declined to 95.
The want of unanimity displayed by Con-
gress, in fixing revenue system, to meet
the exigencies of the Government is the
chief cause of the depreciation, though not
the sole cause, the other reason we have al
ready alluded to.
The weather has been warmer, since our
last, and more seasonable, though not up to
the July standard. Complaints reach us
from various parts of the country, regarding
a drought which threatens the corn, but
there were some heavy showers toward the
close, and in this city and vicinity an m
usual heavy rain fell yesterday. The ac-
counts from the country represent the corn
and other crops in good condition, leaving
no doubt of an abundant yield should the
weather prove favorable the coming month.
Wheat has been all harvested throughout
the W est and the result shows taIr aver
age in the States, which will give, with
the amoGht of old crop on hand, large
surplus for export, much larger than that of
1860; because the crop failed that year in
some sections, whilst it was good in others
but this year there has been no failure, aud
the quality is fair 20 good, rather above the
average in this respect.
Flour has not been dealt in but to lin
tied extent the great bulk of that offered
has been made from new wheat and does
not meet the wants of bakers or city deal
ers who need old to mix with, which being
in very light supply has been in good de-
mand whilst new has met with a slow sale
New superfne would sell at SIS 50O3 60 TO
d considera lie extent, but it is held at
So COOS 20, and not much offering extra
and family comprising the great bulk of
that coming in. New superfne may be
quoted at So 60@3 10; old at So z5M
3 so; new extra s. 1904 90; old 81 O0@9
4 25 new family S4 25@4 40, and old
81 1904 rs.
There has been large export demand for
wheat, and the sales for the week comprise
40, 90 bushels, closing at 70@73 for red, and
I s0@S3 for white. Old very scarce and sold
at prices fully Ioc above the quotations.
+ There are buyers in the market from Pitts
burg, Buffalo, Cleveland, and Philadelphia
/ The receipts from Kentucky are quite large.
Corn has been in moderate supply and good
demand at 28c Oats unchanged but clos
ed firm at 23c-the receipts being light
some holders asked 34e-
Rye has been in light supply and conse-
quently advanced to 42@43c. Barley re-
mains very dull, two or three small lots
sold during the week at doc for prime fall.
There is but IA limited demand at this rate
Whisky advanced 70 13c and closed firm
at this rate last evening. The proposition
of placing duty or &c per gallon on all
distilled spirits has an influence upon the
market. Butter is unchanged. Prime Cen
trail Ohio brings 9@l0ci aud w. r. II@I2
the latter an extreme rate, Cheese IN
changed and dull at. 55G16c. Eggs in bet.
ter supply and declined e. 6963 per dozen
Provisions dull; the demand has beer
limited, and the market feels heavy. The
reverses of our troops had depressing in
- 80 $3.50 $50
% Ia EsaU-ca z t-ta ~ @