The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-10-08
MARKETS
Bu1Lrraror. Fridav. 3p.r.

BURLrNaToN, Friday, s r. r..
The past week has been one Of extraor-
binary excitement in financial and COM
mercial circles. p 4
In Chicago the failure oftwo small bank
ing houses on Monday, was followed by
the suspension Of the Western Fire and
Marine Co., under circumstances not at all
to the credit of its managers. This added
to the excitement. and on Saturday gem
eral run took place On most Of the other
banking institutions. and was continued
during portion Of Monday; but in the
afternoon confidence seemed to be in .
measure restored. and by Tuesday morn
ing the run had entirely subsidized.
Chicago bankers themselves are in .
great measure responsible for the trouble
that has come upon them, for weeks and
months past they have been advancing
money on produce ct prices far above its
legitimate value, aiding 8 set Of mounte-
banks that were endeavoring to force up.
and keep up, prices Of certain leading sta
pies; but gold began to 90 down, and kept
on going down, and hiehwines, whisky,
lour, wheat, wool, &C., &C., in turn fol-
lowed suit, until everything ia the way Of
leading speculative articles had declined
nearly 50 per cent; distrust OF the sound
ness Of institutions that 1t was well known
had been engaged in that sort Of business.
was one Of the most natural thugs in the
world, for without the aid and backing Of
bankers, the prices current in Chicago du-
ring the past two months could not, have
been sustained for single day. It il to be
hoped their recent experience win teach
them salutary lesson. The business Of
banking institutions should be to furnish
means to move the products Of the country
to market. When they andertaketo carry
parcel Of gamblers and spectators in
their endeavors to 6orestall the market for
these same products. they are stepping out
side Of straightforward, legitimate bank
ing operations, and it IS only question OF
time how soon disaster viii follow.
The Chicago Ir;6ane OF yesterday says !:
Although the banks are toierably well
supplied with currency. they are discount
ing nothing At present, and probably will
not to any extent for some time to come,
unless Il be to shippers Of produce and
beef and pork packers. As for the specu-
lators, they are It present out In the cold, !
where il is likely they will remain short
time at least. They have kept this market
ia an inflated condition too long, and thew
must now stand aside and let actual ship
pers take their places. We are now ap-
preaching the close of navigation, and II
re want to have the grain which 10 now
stored Ia this city at the East before next
summer. it ought to be forwarded at an
early day.
LIVE STocK.-The leading live stock
markets Of the country have felt the press
IRE during the week, and prices arequoted
fully 81 per cwt. Oh, on cattle, and y on
hogs. In Chicago the principal s1ss Of
cattle are at s. to a for packing, and q so
to 5 for really choice besves to butchers.
The government agents are buying but
sparfngly. and are able to make much bet
ter terms than they were few weeks
ago. Hogs range from 8 50 to 3lo25 for
heavy weights. Stock hogs are very dull.
and sold down a. low As Is. Nothing but
. very light receipt prevented break down
ia the market.
In this market the receipts Of grain are
exceedingly light, owing mainly to the
state Of the weather. It has rained every
day since Sunday, with fair prospect Of :
continuance Of the same. The country
roads are il worse condition than at any
time since last March, consequently bust
ness Of all kinds Is very quiet. Merchants
doubtless would DO glad to sell goods, even
at small deduction from Last weeks pri-
oes; but buyers are by no means plenty.
With the return Of good weather and the
more settled condition the markets, trade
will no doubt improve.
Corn would, probably sell for SIS to 90
cents for old, and So for new. Oats 40 to
45c; but in the absence Of actual trausac-
tons it ID hard to give reliable quotations.
blillsss are getting short OF wheat, and
would p ay 81 Is for good spring and d 40
for winter, which IS relatively much higher
than markets elsewhere would verrant for
the present. aasa 4siw t4.As
Cur usral detailed report ofthis and 9TH
er markets viii be found annexed:
s1aAR-299a5c: Crushed ssosoc: Powdered
a. a do-a3: do-32 ff H
NoLAssrs|Hy the harret-Su:as House 81 Is
NAIn1-Tenpenuy - -. 45&@ N@ @8s4
zAAIr-et 80. AsE.f H -s#ts tsF444 Et
RICE-l9C. @e s4...,ste
REEawAx -0N155c. @% -AAt#
. FRurr-RAisins prime s. 7r0GeO te 49,
BROOHS-S3 5ot9N 50 per dozel. As9aaIfla
FLoUa-say:ns, - %; Extra. SO %. I. labis,.
Sill 0U. -
warAr !asorsn;. 81 Is: wlatsr. 81 70. '4l
EYD-Sl o. FAAf aA' lAls s's lf54I1a a9# HI
CoRN.--O.d, 81 o.: new, &C. vi n rsss 4Esls a.Ef
BEASs-s2 $50: ~ per busilei. ,B TT ssa afss
POTATO H-SOcglS- 90 per busla-.
! ONyONs-&o 00-tu demand &1Ee II = ia.
OAr3HSlc. .s&E3EE
BUrrRR-25 0J0c. sattyar ff.E fsfe.f-sYf
Es0s-i6.12 m ~ +
CHICK RHs-yc 50 PEE DOZEN = " sss&3 Ys]4
HAY-T.mothy, Slaeot4 per toa. a3t4 i btQ sd
WOOO-A 0CtA45 IN per cord. assas aga ,8sog
EIDEs-Ireen. 'Ac; Green Ealtad part cured
10: Dry Flint. I6c: Green SALted &c; Nry sailed