The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-09-17
MONETARY & COMMERCIAL.
Especial to the JOURNAL.
Review of New York Markets.
NEW YoRK. Sept. 10th, 1866.

NEW YORK, Sept. 10th, 1866.
Editors Journal: -Etr.4<r III
The Improvement in business Continues,
and the results generally satisfactory.
There is very little speculative feeling OF
any kind, either in financial or CONNER
cial circles. AT the Stock Boards the bust
ness of the week has been the smallest of
any since the LIST of January. The various
cliques are preparing for an active cam
paign, and we may look for greater aetiv-
ity.
The Money Market continues 70 exhibit
extreme ease, although the demand Tor as
counts are larger, and the rate of interest is
somewhat increased, and may De quoted
at 4G15 per cent. on call The depression in
Foreign Exchange is as great as ever. Good
commercial bills, so days, are sold at 1879;
Bankers do, I05sz9I06, and short sight. 1867
@IO7. On Friday there was some demand
for the steamers. and also from the Gov
eminent. for Consulate purposes, and rates
were temporarily better; but the continued
shipments of $40 bonds, overburthens the
market. The low rates of exchange has
the effect to stimulate imports, and de-
crease exports at this time. The reduc-
ton of the rate of interest in England
to per cent. and the prospect of still
lower rate, will in time help Exchange, as
would also lower price for Gold. The
rate of interest on the Continent is declin-
ing, and in Paris the rate is from ~ to &c
in the open market. The receipts of Gold
from Europe continues, and is likely to be
increased with the movement of the Cot
ton and Grain crops; a large quantity of
both will be needed. The statement of the
Public Debt on the LIST was very favorable,
and will have the effect to advance United
States bonds in Europe, and probably
lower the price of gold here. Isl bnno 49,
The demand for Gold for customs con-
tinues large, being for the week $S,222, 266,
and keeps gold steady. The prices for the
week were lowest on Tuesday, IA; on Sat
urday l4714, and closed to-day l4614, III
The Gold in the Treasury on LIST, was S76,
1888 9IS. The exports for the week 1851, 062 in
Silver. Receipts have been nearly 81, O00, 600.
The imports of merchandise for the week
has been 81, 890,S7 of which So, 1879 were
in Dry Good. The exports are increasing,
and have been s., 895,593 for the week.
There is more activity in the general
market. but mostly for supplying the con-
sumption demand which is larger by being
SO long delayed. $50. s-s
NEUTRALITY-SUSPICIOUS. general advance
most marked on medium grades of Flour,
which are 50@60c per barrel higher; low
grades and family brands are 25@40c higher.
Wheat has advanced 10@15c for new, and
5to lOc for old. Corn has improved slightly,
but we do not change quotations,
PROVISIONS from the depres-
sion of last week, and Mess Pork advane-
ed % to S71zc per barrel; closing to-day at
S3I I21S. Cut Meats and Lard steady and
unchanged. Butter and Cheese are lower,
but most marked on Butter, owing to the
large receipts, and choice qualities are
5 to 10c lower.
CoTToN-There continues a steady con-
sumptive and export demand at unchang-
ed prices. The offerings of the better
qualities are very small, and held at high
prices, while the low grades are irregular
and pressed on the market. We quote
Middling Uplands at S21a@3Sc with bet
ter feeling at the close The stock counted
on the 3lst of August was less than gene
rally supposed by the trade, being 6S,40S
bales in store and on ship board. The
quantity distributed for consumption from
this port for the year was S79,72O bales,
or an average weekly consumptionCo OF J, 1902
bales. Exports to foreign ports for the
year 495, 1903 bales. The estimates for the
coming crop excites considerable attention
and vary greatly in amount. We give be-
low table of the crop of 1901. and the
estimate of the Commercial Chronicle,
(which is considered authority generally on
commercial matters), but from the infor-
nation we have gathered we believe it too
much, and we submit our guess for what it
is worth, for the crop of 1861: nm. n g.
1t y The crop, Chronicle, Our guess,
IS6O1. 1S66-z. 1S66-7.
~ eoI4 M