The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-12-04

OcI.
The following quotations are from the
office OF w. ]. Lowry Co., Bankers, No. l
First street, 81 8AEeESk
BANKABLE FUNDS.
u. Treasury Notes. ~ % Il ~ III
National Bank Notes. - ON
state Bank o. Indiana aJa
State Bank Of Ohio.
7'tt UNCURRENT.
Indiana Free Banks -.... ............1 to 10c dis
Missouri .........5c -
Eastern Bank tes..........................5c :.
Plantersi Ban ..59c
0t hlon T San nessse Pan 70 S1s
Virginia, North and,South Carolina,
Georgia, Alabama and La....l0 to SOC "
Congress- met yesterday. What effect its
proceedings will have upon the trade of
the countryis yet unknown. If, however,
the action of the caucus of Union mem
beers on Saturday night shadows forth the
policy of the dominant party IN the COM
ing session, we may expect material de-
rangement in the financial affairs of the
country Wefregret to see the wild and
impracticable legislation that some of'the
prominent members of Congress have in
contemplation, If their speeches before
the caucus are to be regarded as the ex-
preston of their DETERMINATIONS. The
people who have practical common sense
to realize the Importance, sometimes, of
Letting we'll enough alone" should, byan
means, and at once, give their Congress
men to understand that there is no neces-
sity, just now, for making doubtful expert
ments in legislation, and that such experi-'
ments ought not to be and will not be toll
Grated. 1t is the fear of Congressional in
reference with the laws governing money
and commerce that is the cause of much
of the depression in business that is being
seriously felt throughout the country. We
hope soon to lay the Message of the Presi-
dent and the Reports of the Heads of the
Departments before our readers, so that
they will have an opportunity of Judging
for themselves of the future.
Although financial matters East are still
feverish. and the prices of many commod-
tiles still continue to decline and are un
settled,n the trade of oqrccitya during the
past week has been very healthy. Many
of our houses report receipts in excess of
the week previoys. Those of our mer-
chants who made their arrangements to
purchase cotton have realized splendid
trade during the week and hndlittle diffi-
Guilty in disposing of all they can buy.
shipped directly from the Tennessee River
country to our city, wiz bring us a large
and profitable trade-a trade that will pay
well for liberal cultivation. Our business
men are hopeful and confident. Notwith-
standing collections are difficult, owing to
the scarcity of money, yet some of the
shrewdest express the belief that the pork
crop will soon begin to move In spite of
consequently, circulate more freely, and
business generally brighten mp. We re-
greet to have to chronicle the failure, or re-
ported failure, OF two of our business
houses. Isaac Kohn & Co, Liquor Dealers,
are in the hands of the United States
Marshal, who is winding up their
affairs. The liabilities of the estab-
lishment are variously reported at
from fifty to sixty thousand dol
lars 1t is generally understood that the
assets will not equal the Liabilities. The
other firm is clothing house, whose liza
bilities rumor places at $4,000. We have
been unable to ascertain the probable
cause OF either failure. Generally, our busi-
ness men stand firm, smiliIgly pocket
ing the profits when goods advance, and,
with stiff upper lip, facing the losses
when they suffer corresponding decline.
Our reports from the East continue to in
dictate downward markets in provisions
and an. advance in. scereals.T The New
York n i5ssne, of the 18th, quotes beef cat
tie at decline of 214 cents per pound, net,
and that there was never such time
among hogs" Prices continue to go down.
down. Cargoes that were shipped TO Eu-'
rope in the Spring, are now being return
ed and thrown back upon the shippers,
and prices are fully cents per pound be-
low whatthey were last year. Pork is now
$40 80 per barrel below the prices of same
time last year. Lard is u to IA cents lower
than at this time last year. While pork is
thus tumbling, corn is advancing. 1t is
now "a cents higher in New York than in
November 1865, though it is expected that
the present prices cannot be maintained
any lensth o. time.
Our regular correspondents furnish us
with the weekly review of the Cincinnati
and New York markets. Our readers will
generally find these reviews reliable and
correct. lei3 .jaSi1r etVf1H5 80 - .-s15
-, THE GROCERY MARKET.
Some Of our grocery men have done an
unusually good business during the past
week and none seem disposed to COM
plain. All look forward with confidence.
CoFFEE-There has been no perceptible
change in prices, though 1t continues to
look downward. We continue to quote
common to good grades at 26917c.; prime
to choice, 28@28zc.; and strictly choice at