The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1867-06-07
Finance and Commerce.

We make the following extracts from
the Weekly Financial and Commercial
Summary in the Cincinnati P,7ce Current.
of June s.:
The demand tor money has been light,
and the class of paper offered has been
generally acceptable, which has been dis
Counted s to 10, by bankers, for their
customers It has been exceedingly DIFF
the very first class. A great deal has been
said and many wise shakes of the head
given, with regard to the future, but there
does not seem to be any real ground for
ALARM The business community is strong
and can bear large losses without sinking.
because OF the great wealth accumulated
= One of the probable consequences of the
Bankrupt Law now in force, i causing
some embarrassment, and that IS ia the
way of accommodation loans and con-
fidential debts. There can be no con-
fidential debts allowed in the Bankruptcy
Court, no preferred claims. so that they
viii feel that Instead OF asking for the
a. little left over" weak parties Will find
that they must go into the street, as a rule,
even for loans FROM day TO DAY.
The decline in Teaf estate and building
material continues steady: the fall during
the last eight M nths has been fully Is per
cent. Houses and lots not TO be had be-
low sixteen to fyetho usand dollars
last summer. can now be bought at twelve
to twenty thousand; but the decline in
building has been more marked even than
this. One OF our citizens, who had six
dwellings built last summer and fall, at
cost of 800, 600. has been offered duplicates
of them put up now at soo,00O, and the ten
dency is still downward. Bricks are now
being laid at Sl2 per NJ, which then cost
s22-and there has been a SIMILAR decline
in stone work. Business houses and dwell
lings are for rent in all parts of the city.
But this state of affairs is not confined TO
this city; similar report has been made
The complaints of the general dullness
of trade continue unabated. The wants
of the community seem to have been cur
tail n small a OIlDaSS that. COrnDa-
red with other years, when there was
great difficulty in supplying the constant
seem to have ceased but this is only in seem.
ing, for business as compared with what
it was before the war, is fair, but the small
profits of that time do not now much more
than pay expenses, and therefore trade
is called Gull-very dull, and the profits
wreth chedIy small. 1t is expected that an
abundant crop this year will improve con-
fdence and trade, and so it will, but not to
the extent which will enable merchants to
meet the present expenses incident to
their vocation. There must be a general
curtailment of expenses; house rent and
wages must be reduced, and the wild ex-
travagance heretofore INDUCED in aban-
doned. This course will not be adopted
voluntarily, but by absolute necessity.
The weather has become mild and genial,
quite favorable for the Spring crops. Corn
now grows where it had not rotted, which
has been the case in fiat, cold, clay soils
generally, but in all such cases it will TO
repIanted, and should the weather con-
tinue favorable henceforward, th0e VIII
doubtless be a large crop of corn raised.
The grass crop will be large beyond perad-
venture. Wheat is doing well, and will be
in bloom in asweek on ten. days from now.
We refer to the Fall-sOwn. There was
good deal of Spring wheat sown, but it is
backward, especially so throughout the
Northwest. Fruit of all kinds viii doubt
less be very abundant. Generally speak
able, and this IS ofthe highest Importance
The panic in the -four and wheat market
has continued with lent abatement during
IN L
tied, dealers of all classes buy only at re-
tail, and there being some anxiety to sell
from day to day, con cessionsr were made,
ducing purchasers to operate beyond pres
ent pressing wants Good flour is as low
low as it has been at any time the
and -four in the various markets is ex-
ceedingly small. sa4gs5
The demand for provisions has been
light, but prices have not changed essen