The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1866-05-09

"eceeiu Suiou 4cicSIdpu WAS also II lower.
Governments are quiet but steady, quotations
being the same at the close Of yesterdays bust
ness. There is more ease in money; brokers and
banks hold liberal balances and Offering round
| sums at per cent, though general street rates
| continue at per cent.
Discounts show more animation and there is an
| active enquiry for paper. The choicest so days
bills would pass at Sal per cent, but average
prime paper three to four months the rate is BAL
| per cent.
| Foreign exchange is 6rmer under the China $
news of the lower price for cotton and 5-20s. Blu
siness for tomorrow steamer promises to be very
! moderate.
The Trade OF the Mixsisaippi valley
| Where II Comes from, Its Importance
Plainly set Forth.
In the general produce department the past
week, very good business was transacted
Receipts were liberal and sales and shipments
on corresponding scale. On all leading ar
| tieles slight advance on previous quotations
was noticeable. Comparing the ruling prices
| Of this market with those Of others, Il is an.
parent that the inducements in this direction
are of strong and deciaive character. and
when to this is added the additional guarantee
/ of paying quotations, to be found in the fact
that the markets to which we ship are ruling
at higher figures than any other, the Missis.
/
its cheaper facilities Of transportation must
continue to grow in favor with the producers
| and shippers of the extensive agricultural
region above and around u.s. We have dates
! from New Orleans TO the I'd inst-last Tues
/ day. On the previous day the arrivals at
| New Orleans Of Northern steamers. were the
| Ruth, Lizzie Gill, towboat Mohawk with four
| barges. all from this city, and the Argosy
from Cincinnati The last. ia the way Of
| Western produce. had on board only ], $50,
| bales hay; the others as reported IN the Ifs-
aynne. contained among other articles. such
as beans. apples, onions. poultry. beer &c,
which are omitted in this synopsis, 1888 bbs
pork, - casks bacon. 4, 26l bbls -four 81 as
SKIS corn. 30 bb,s and 300 SKIS potatoes, 81
| bales hay, 12o SKIS bran. 1872 SKIS oats 498
hhds tobacco. IS head cattle and l46 sheer
This is about the usual relative amount OF re.
ceipts ut that port from this market compared
with other shipping points. 1t may he stated
| that we are the great feeders Of the South and
the most important source from whence the
New Orleans market draw the supplies nee
essary to fill its coastwise and foreign orders.
With these receipts on the FIRST of MAY. which
under existing circumstances NAV be consid-
cred liberal, the marked remained firm. as we
learn from the same paper-the Rcayunc--
| with a good feeling and brisk inquiry.
Flour showed an advance corn was in fair
demand at previous quotations: oats and bran
were slightly easier fer buyers; pork and ba-
| con active at elevated figures Corn ruled at
| Sl.05al. 10 per bushel, which is higher, per.
haps, than can be realized at any other dis
trbuting point in the entire country. This
| great Southern field for the disposition of the
! products of the Northwest can be monopoliz-
/ ed by our farmers and shippers whenever they
choose to avail themselves of the advantages
OF river navig ation Since the first of Sep.
! TENDER last over million sacks of corn were
received at New Orleans up to the last of
| April. against three hundred and fifty eight
thousand for the corresponding perion of the
| previous season. The demand must increase
! even more rapidly as the demoralizations of
the give way before the benign influences
! of peace.
| Cotton goods during the week underwent
| further decline-on some articles one per
cent. per yard on others two cents This re-
| suited from the same causes heretofore no.
| ticed, towit the continual liberal receipts of
! the raw material, the better prospect in rela.
| ton 10 the coming yield, and the general ten
dency of the market to settle gradually down
to peace basis of prices. New York ope-
| rators are disposed to find fault with Western
houses for underselling in some instances, and
by that means creating more or less of de-
| rangement in the trade; but the result will
show the wisdom of the course pursued which
is nothing else than compliance with theIe-
Ultimate direction of all business at the pre-.
sent moment. ST. Louis merchants are quick
to perceive the tide of affairs, and prompt to
act in conformity thereto. so far they have
been able to supply their friends with the
finest assortments of goods at the lowest rul-
ing rates, and to compete successfully with
any other market East or West. Stocks are
raoA rr,tb oil fho
can possibly be required We observed no
change in the boot and shoe line Of business.
The quoted rates of the previous week re-
manned steady, and fair transactions were re-
ported. Hardware was in the same position
mo alteration OF prices, with liberal opera
tons for the advanced season. Outside of
the produce market, no great activity could
be expected at this time. 1t is midway mo-
ment in trade when buyers have not exhaust
ed their first purchases; when farmers are
busy in their fields, and the preparatory
movements which are to affect the commerce
OF coming season are being put in requisi-
ton. Grocery, clothing and all other stocks
| are full.
The rivers are in fine navigable condition.
A second rise is now sweeping along at this
point, which gives the hope that the usual
June flood which many have supposed will
prove disastrous this year, may by these ex-
haustions, be rendered comparatively harm.
less. The city was never in a more healthy
| condtion-not case of cholera, nor symp-
tom of the disease nearer than the BAY of
New York-if there.-S Louis Democrat of
| the It'll.
The enormous increase of the wool crop in this
country, and particularly in the West for the past
ten years can be judged of by the following state
ment of the annual clip in Michigan from 1857 to