The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-03-26
MARKETS

MARKETS
BURLINGTON 3P n FRIDAY.
The weather early In the week was uncomfort-
ably cold, but on Tuesday it began to moderate
and is now comparatively pleasant, with indi-
cations Of rain. The river at this point is falling
probably caused by the severe weather of last
week that checked TIE snow S melting in the up
per country. The report mentioned in our last
that the River was open to La Crosse seems to
have been incorrect. and we now learn that no
boats have yet reached 0alena. and that the ice
at Dubuque is still strong enough to bear foot
men.
Business generally is improving. Our whole
sale dealers are having good trade. and are full
~ prepared with ample stocks to supply their
customers Dealers in the interior would do well
TO look into the advantages OF buying here be-
| fore going further East.
The receipts of grain are increasing prices
are without material change. 81 being about the
curreat rate for Winter Wheat but choice lots,
free from rye aud chess will sell for 81 o. Spring
brings St690c and in exceptional cases. for very
good, &c Or &c higher is paid.
/ Corn is steady at Coo for old, and 5osal5c for
new
Oats are wanted by shippers at 53a55c, aud
have sold - high as SIC for City consumption.
The demand for Hides y good 1t NC for green.
and S@slac for green sailed. Calf and Kip skins
sell AZ lODlc
causes assigned for it. We have noticed none that
states the case more clearly in short space than
the following from the Cincinnati Price Current
Of Wednesday:
The gold bill" passed by the Senate tn which
We alluded IN our last, subsequently passed tho
House, With but little change. and is now law.
1t gives the Secretary of the Treasury power to
sell gold without notice, but it seems to be un-
derstood tuat he will not use this power. for the
price Of gold WAS not affected to any extent,
and is now FULLY y cent. higher than it was 8
matter, That while the currency Is being increas-
Ell, IL VIII he i'm possible to keep down the prem.
on gold. and we believe the Secretary Of the
Treasury Is OF this opinion. Indeed this IL 0bvi-
be contradl ted; TOR the amount of currency
now IN circulation has reached q point con-
siderabiy oeyond what it ought to he. and
man, woni3n and child outside the rebel
states. " hch all will admit Is more than enough
, to meet the wants of commerce. The whole
amount OF currency now In circulation may be
set down as follows:
Circulation OF State Banks. $500 100000
Legal Tender Notes, 45O.OOO.OOO
Fractional Currency, NOOOOO
Fiv. pr cent, Treasury Notes. l3o.O0O,uOO
National BANK Notes, lO.UNOO0O
Present circulation, sslo,COO,OOO
In addition, the Secretary Of the Treasury has
Five per cent Treasury Notes 43OO,vtO.OOO
Fractional Currency. 3UUOU,OOO
The national Banks organized are authorized
to issue $40 1900 ia addition to the amount
. now in circulation, which they Will not do how
ever. We presume. the risk being too great.
But aside from all this, while the army contin
ues idle asst is now. apparently to the public at
least. gold cannot be kept down for any time
al Grant. who has nov virtually the control q
the vital interests Of the Nation. and II he sue
ceeds ali Will % vel. but II not, then We must
look for higher premiums on gold than has been
generally thought Of.
The advance In gold has caused increased Arm
ness in most Of our leading staples. Flour and
Wheat being about the only exceptions. Every
thing In the shape Of Hog or Cattle products are
very high In New York meas pork Is quoted at
S33 Is and Lard l3l1to lac.
The Chicago Market seems to he quiet for Live
Stock, mainly on account OF light supply. but
prices arc very nrn; the few Hogs offering are
taken IT s. to s. 50 gross, and on Wednesday the
sales reached about 1000 head in various lots and
none reported below s..
Cattle are readily taken at 81 50 for common
and $ TO 90 for good to choice lots We notice 3
sale Of 10 head average 1900 Ms q 81 q, this we
presume was fancy lot and should not be taken
} Their be Sc; down as showing the great advantage
there is to feeders in sending superior stock to
market The freight and charges. in fact all the
expenses are about the same ON q lot of SCALA
wag' cattle, that would be incurred in shipping
good ones. while the price Is always Largely In
favor Of the latter.
The imports at New York continue large from
the LIST Of July last to March 10th. they amount
ed to SlH47Sl89
same time last year. l2865l,9N
4 Increase. T61626Q
Exports for the same time compare as follows
1864, ell7,3o5,817 !
lotJ, IH.W.06
Decrease $S,Ol.256
These figures show that last year our export
were within about six millions of our imports
while this year they fall short about thirty mil
!, liens. as.as.4+ssa ss..sa .ry....a
, Our usual detailed market reports will b,