The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1861-08-10

and bankers extremely cautious and very
careful about investments and refusing to
take any but the very best paper, W which
still can be negotiated at lO@I2 per cent.
for sixty days, and 6@7 per cent. on call.
Exchange ruled dull, and the selling rate
given in our last was but feebly sustained
during the week, and at the close general
decline Of / of one per cent. was establish
ed, the market closing at prem. as the
selling rate for bankers checks, the buying
rate being par. We-quote
Buying. Selling.
New York par Il prem.
Boston ........-....-. par u prem.
Philadelphia....... par = prem.
GoId soI5imots,,,..] - prem pre,n. y Prsln Prsla
Missouri currency improved l per cent.
closing at 7G18 discount. Lonisiana de-
clined to 5G38 discount Interior Pennsyl-
vania advanced to 2 discount. Maryland
to 3 and Michigan TO 2. First class Illinois
advanced to Is discount, and second class
to 3d. being an Improvement in the former
of 5 and the latter of 10 per cent
The two year treasury notes may be quo
ted at 95@96, with mere of settled mar
ket. A supplement to the loan bill recent
ly passed by Congress authorizes the issue
of treasury notes to the amount of fifty mil
lions of dollars of as low determination as
five dollars these will undoubtedly 90 in
to general circulation, and take the place of
the hordes OF bank issues by which the
West has been swindled the last few years.
These will constitute a national currency,
but no doubt the bank men will try to cry
them down. 1t seems to US, however, that
Congress should have provided some way
for their redemption in coin when present.
ed, in order to give them general currency
and the public full confidence in them. 1t
should be remembered that all the money
spent in this war will go into the hands of
our own people, and that, therefore, the ma
ton cannot be impoverished by it. Had
we to send to foreign countries for all our
war material, including provisions, then the
process would be an exhausting one indeed,
but sach not being the case, the enormous
expenditure of money will be but circulat-
ing the amount at home, and our own citi-
zens will have all the benefit of it.
The weather has been intensely hot the
greater portion of the week, the thermome-
ter ranging from 85 to go during the day
time. This is the temperature the corn
needed, and will insure good crop beyond
probable contingencies.
We have seen some samples of spring
wheat brought from Marshall and Putnam
ties, Illinois, since our last, which would in
dicate a very poor yield; the rust had in
jured it badly, particularly the kind called
/" Canada Club. !" Now that thrashing has
become more general, it has been ascertain
ed that the yield of winter wheat is light,
much lighter than had been expected the
yield in many cases not being ten bushels
per acre, where fifteen had been expected.
The grain is not generally well filed, still
there seems to be but little doubt that the
result of the crop is a fair average.
Flour has ruled dull and heavy, and it
has been very difficult to sell parcels of
any magnitude without submitting to a de-
cline below the views of holders. Super
fine has been offered the last three days of
the week at So 5O(03 go extra at So 75(0
IS, and family So 1904, tne latter rate
for white wheat, without leading to any
thing beyond a limited local trade. Yes
terday good superfne could have been sold
at So so, but it was held at So so, but there
seemed to be no inquiry for the higher
grades
There was an active demand for wheat,
chiefly for export to the East and North,
and prime new red sold at roc, and white
SOC @53c, the market closing firm, with
supply hardly equal to the demand, at those
rates. The demand is for prime to choice,
duQ RIduGS DC1OH lutS6 Lu6Gb VIII Il QulA
sale at 60@65c for red, and 20 @75c for
white.
Corn has met with an active demand, and
the supply being light at the close, prices
tended upward. The current rate for ear
has been 28c at the lower Railway Stations,
but holders asked 29c at the close. Oats
have not changed much, old selling at 23c,
and small parcels new at 22@225c.
Rye declined to 40942c, the latter rate
from store.
Barley remains inactive, though spring
and fall is held at 47(950c, but dealers are
holding off, and prices must be regarded as
nominal. Whisky advanced materially, a
speculative demand having arisen under the
operation of the new excise law, but the
market closed rather quiet at l54c One
party purchased 5000 bbls, under prom
Use from the surveyor of the port that he
could have permit to ship it to Cairo, H.,
but the sbsurdity of making such ship
ment to Cairo indicated pretty clearly to the
minds of business men that there was some
thing wrong in tse matter, uotwithstand-
ing though the buyer was from Illinois, and
had a letter FROM the Governor of Iaat
State endorsing him as good and loyal cit
izen, but public sentiment branded "swir-
die upon the face of the project, and the
1t was stated that ths whisky was really
intended for Paducah, Kentucky, AID des-
tined. as matter of course, to Tennessee to
stimulate the rebels in their work of des-
troying our Government, and consequently
could not be tolerated. Mr.. Carson, the
surveyor, made an explanation, but failed
to satisfy the business community. 800
barrels were, however, shipped to Cairo
Monday night, but it was stated that the
barrels were marked for Paducah. The stop
page of the large shipment, however, rather
dampened the market.
Butter and cheese did not change during
the week
Beef cattle very dull aud prices fully 40
(050 per GENITAL lower. The supply was not
large, but the demand was light, and the
market closed very dull at the decline;
prime to choice selling at So bO@2 so per
Genital. gross. Average good steers and
heifers sold at the lower figures of 81 50(0
Il IS per GENITAL. These are the lowest fg-
ures which have ruled in this market for
fifteen wears Hogs unchanged, and selling