The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-09-18
MONETARY & COMMERCIAL.

The New York Economist and Dry Goods
Reporter is one of our best commercial ex-
changes. Its reports of the Dry Goods
markets are very full and complete, and
what is especially desirable, is that they
are prepared2by the reporters of the paper,
and not gotten up to effect the market
They can therefore be relied upon as cor
rect. Our merchants who want to keep
themselves posted in the Eastern markets,
should take the Economist. .1sttaF
The SulGiUdn Union and Petersburg Mes
seager, both new enterprises, are giving
evidences of being well appreciated In their
counties We cheerfully recommend them
to the merchants of Evansville as good ad-
vertising mediHms. With a little more
effort, this city could have the great mass
of the trade of both these counties. And
advertising is one of the first steps to that
end. hat . s@ff1
Weelip the following from the Cincin-
natl CommerctGls ~ - + Nf-4-%
There can be but little doubt that many
merchants have been forced to realize the
value of credit by the amount they have
been paying out for interest 1t is to be
hOpeds such an experience has impressed
them with the propriety of teaching their
customers lessons in the expensiveness of
credit Merchants who cannot come into
the market with cash in hand have no
business with goods. There is simply no
excuse for their dong business, now, ON
tick" If they must needs have the bene-
fit of discounts to carry on their trade, let
them borrow at home where they are
known, and where, If worthy of credit,
they can negotiate their notes Should
their names not be good at their own
banks, it is not q reasonable thing TOR q
merchant here to treat them any better.
Lords Reporter. has the following on the
high price of -four. Our readers will proba-
bly, say that the Reporter knows more
about bank notes than 1t does about
wheat: rga~ ~ sl-.f/
With the immense harvest that has al
ready been secured, there is no earthly ex-
cuse for the high prices prevailing for
the staple of life-ftOuriGThe sudden col
lapse of the European wal has obliterated
the last ray of hope for a foreign demand,
and CONSEQUENT advance in prices. Not
withstanding this manifest tendency of a
decline, and the fact that the SOutli has
raised sufficient for home consumption,
and the vast surplus over what Is required
for our Northern population. the Chicago
and other Spectators, through the power
granted them by an inflated currency and
the denoralizingi National, banking sys-
ten, are holding back and boarding up
grain, and causing corresponding SufTer-
com munity.--Wo lope-the fail may come
seOn and there will be but little sympathy
for the iniQuit0us spectators VINO may be
buried pecuniarify in the crash.
reduced its rate Of interest TO per cent. AZ
There is reported to be thirty-one thou
sand bags of Rio Coffee in stransitato the
United States.
1t is stated that the conversion of 1908
into 5-2Os, during the month Of August,
amounted to about sixteen millions of dol
lars. a > A8esf5g az
Cash Gold lis getting very scarce, not
H.
try. During the last thirty days, Gold has
been loaned in New York CITY at e to per
cent. per day.. e13 hAih zt~'f Aos
Judging from the numerous epithets APP
piled to the Secretary OF the Treasury, he
is not the most popular man in Washing
ton. He has been dubbed g Lord " Nc
Culloeh. He seems to have way of his
own" and pursues it, regardless of public
sentiment. 6eGtfa eaaH
The highest point that old 5-2o's reached
in England was 1871 on the 4th fi1st.; and
in New York 1921 on the 18th ult. Seven
thfrties were at their hight on the 3Oth ult.
-7ss, 655 and 90. for the three series re-
spectively-since which period all Governs
ments have steadily declined. N ,as
The late counterfeit $50 greenback Is one OF
the best ever issued. The figures on the
faces OF, the notes are not SO distinct rs
those of the genuine issue, and the imita-
tons of the lathe-work will not bear close
scrutiny. The signatures of the Register
and Treasurer are nearly perfect, and the
seal of the Treasury, printed in red Ink, Is
the best ever seemupon a counterfeit note.
It is said the detectives have succeeded in
securing nearly $50, 900, and also the plates
from which the notes were printed.
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