Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1866-04-05

800 UEo0 U0oo9s
wulnunMse HhDaAssllns al1zealsa
prisss esasraly l. attrastisg ths ssssatisa
Of ~ New Yeti pssss. I'D whss i bed
r,ashsd lse in IL downward seusss, ~
TiIbss aid. s. y
Tb,tssvy dslIps in mas1 49, Of goods
and ~ heavy kffn ssss !. chAsdiss
ers haulng ~ .nc1ee :us&hPon the'
Sprine trade, and business 10 much more
anticipated. Many 81 ese nssshasts sre
very much discouraged, both On account
Of The limited demands, and the heavy
Iosoos upon the stock ID had. They msy
take II that this fall 10 nero fuctuation,
which may take another direction In an
other day. Il i quite sure to prove per-
manent, and to be followed, by.and BY By
other NOV emsnts iu the Same direction
fhis Is the legitimate course now and
hsnceforward, and III parties might ~ we'll
prepare for It.
The Evening Pest notices The fall in
prices Of oil descriptions Of goods - fol
lows:
The decline wss great on Monday, tho
some kinds of merchandise are held By the
owners with considerable firmn6ss.
So much effort to make sales has rarely
been put forth, and the disposition Was ev
crywhcre manifest to make sales and to
realize.
The concession 10 dress goods 10 large.
It extend to prints and ill fine fabrics.-
on standards and wooIens il is lightest
The tAu Of one month sn The basis Of
soue of tie prices Of goods cold 4 auction
Monday, 10 reported to be fully 100 per
cent.
The average decline may not exceed y
or 81 cents in that line.
There is . very general feeling Of insecu
rity in business circles, amounting in SOM
quarters 10 almost panics.
when gold is quoted ct 1875 it means sim
ply that grccnback ID worth 80 cents II
coin. A five dollar bill IL now worth fou
dollars in coin. Ifgold has fallen since tn
9th Of last March from 1854 to 1874 on tn
| 2lth Of March, 1899, Why should it not drol
the rclnaining "a cents within the next l.
months! cotton crop Of three or fou
millions Of bales will be raised, and NOR
than half of it marketed, by this time ca
year. Every bale Of cotton will be as goo
as 800 in gold for foreign exchange, pro
vided. of course, the Cotton States succec
in getting into the Union. The feeling this
gold will continue to fall is doing much t
force it down. II is ''dead" capital produ'
ing no increase but on which the holde
must pay taxes.
IL The Government holds something lik
6O,0OO,00O Of surplus coin 10 its sub
uries, which it may throw on the market
any time. And this stock Of gold is in
creasing At the rate Of 1000. 900 wee
fastsr than it is required u pay interest o
the gold>bearng bonds. Some Of it mus
soon be sold. On the LIST Of July, next, th
tax of half par cent. month on the Stat
Bank issues takes effect, which will, in
short time, force out Of circulation the
or 60,000,O0O Of old shinplastcr currcnc
still afioat. When they are retired, the 70
ume Of currency will be contracted to ths
!, amount. And this also, must help to RI
duce the premium on specie. The me-
Loan bill authorizes the Secretary Of tn
J Treasury to take out Of circulation, pay o
. or fund, oil the Certificates of lndebtedne.
, which are, in some measures, used as cul
rency; and also TO retire 100000 I
Grecnbacks within six months.
J The Chicago Tribune thinks that putin
oil these things together the premium q
gold will be nearly, ifnOt wholly wiped o,
during the next IL months.