Evansville daily journal. (Evansville, Ind.) 1863-1866, 1863-10-24
From the Cincinnati Price Currentl
Financial and Commercial Summary
for the Past Week.

Financial and Commercial Summary
for the Past Week.
1t is charged in the New York papers
that the advance in gold was the result
of plot concocted by company of
capitalists, and not the consequence of
any alarm regarding disasters to the
Government. tits stated that an amount
of gold was contributed equal to about
four millions of dollars, and about the
half of it shipped to England, and the
remaining half kept at home, the inten-
ton being to draw against the amount
shipped, as soon as gold would advance.
The large purchase Of gold in the first
place, and the large shipment in the sec
ond place, was we'll calculated, under ex-
listing circumstances, they knew, to ex-
cite the market and put up prices, and
they were correct If this be true, and
it has been stated with great positiveness
by the New York papers, the rascals en-
gagged are guilty of combining to injure.
the credit of the Government, and ought.
to be hanged 1t is stated that, in order
to avoid suspicion, theymanaged to have
the gold shipped by regular houses. 1t
is possible that the whole story may be
untrue, but it looks plausible. 1t is well
known that the balance of trade is now,
and has been for. some time, against this
country. During the month OF Septem-
/ Der it took over three millions of dollars
to make up the balance at New York
alone, which however, is the chief port,
and the deficiency the current month
will be vastly greater, so that aside from
the war causes We may look for a high
gold premium, unless some change should
take place to turn the balance of trade
in our favor AS soon as our farmers
shall learn that the present high prices
of domestic produce cannot be sustained,
and that the failure of the corn crop is
not so bad and so general as is supposed,
prices of produce will come down to an
, export point, and this evil will be RENE
died to great extent We will have as
much pork and lard to spare to ship to
Europe as there was last season, and
have enough left for home consumption,
, Notwithstanding that there will be fall.
, ing off in the crop this season as com
pared with last. There is also an i'm.
, mense surplus of wheat, and all will be
taken if prices suit OF this there ear
be no doubt, even though unusually large
crops have been gathered in England
: and elsewhere
J The fluctuations in gold, during The
week have been frequent, and large; a
one time it was down to AS in New
! York but quickly advanced to Isl. Or
III IN bur market the price of gold >,
usual, fuctuated in response to H. ~. Va a.
York market, with general disposition
on the part of outsiders to sell, and there
was therefore, an unusually large amorint
bought by the dealers. The supply Of
I Exchange was largely increased, heavy
amounts having been sent here from Chi
} cago, Cleveland and Toledo, and Their
| the heavy amount drawn against the
r shipments of Government cotton sole
here on Monday All have swelled the
: amount beyond what had been anticipa
: ted, and the market was extremely dull
: at the close, and dealers were selling a
t tve-twentieth of one per cent prem, anG
refusing to buy at par, except from regu
lar customers. We quote the selling
f rates at 1-5@1-100th prem. s
f Currency has become quite close, anC
f there was good deal of Inconvenience,
5 experienced yesterday in consequence
: The large amount paid to the Govern
: ment for the cotton sold, and which
e went out of circulation, tended largel,
D to this scarcity, as the whole samoun
r of cotton sold was closely up to 5000
3 bales, the proceed of which were not fal
/ from 100000
5 Flour and wheat have been very dull
/ and prices are lower. Corn and oat:
; ruled a shade easier, but have been in
fair demand at our quotations. Rye il
r demand and firm.
r Hardly word said about hogs; the
2 ideas OF feeders are so high that packer:
, or Jobbers have settled down to the con
: cluslon that there is no use in attempt
: ing TO make contracts. Indeed, at ovel
So packers generally think it hazardou.
: to enter into any engagements. Very
little preparation making to pack for the
t foreign market which is in striking con
) trast to the state of things existing a
: this time year ago, the truth is, except
: ing to limited extent, the present price.
| asked for hogs preclude the possibility o.
shipping pork to any market in Europe
and this is the general opinion. The
corn, which was cut off by the Angus
frost, will be fed to hogs or cattle, and
! make fair pork; no other disposition car
be made Of it than this, SO that the price
of merchantable corn cannot influence
the result; and as stock hogs are unusu
ally abundant throughout the West, and
in good condition, they will be brought
to market from the districts where The
corn is most injured, but fatted better
than is expected 1t is inconsistent tc
suppose that because as great number
of hogs may not be brought than was
last season, there is to be scarcity o.
pork, and this, too, in the face of the
fact when there IS the product of half an
ordinary hog crop of last seasons meat
on hand. The grocery market is fail
but quiet. There is fair jobbing de.
mand.
!