The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-03-06
From Cincinnati Price Current, 3d.
Financial and Commercial Summary,
for the Week ending Tuesday Even
ing. March 3.

Ing MaFcn b
The demand for money has been but cd
crate during the week and so far as the secu-
rity was satisfactory. IL has been met free
iy at SC0l0 per cent A considerable amount
of paper has been offered, not deemed first
class, and such has been sold with difficult
ty at high rateF. Gold has ruled lower
than IL did the previous week, and has
been quite steady, the range of the mar
ket having been small, com paratively.
Those who bought gold on speculation,
under the belief that it would run up to
$50 or 100, some thought 200 in case the
President should be 1mpeacned, have
been disappointed, and lost money. Gold
is lower than it was before the impeach-
ment, and sos are firmer in London and
Frankfort. Exchange has been in good
supply and fair demand. and the market
has ruled steady at out last quotations.
Government bonds declined considerably,
but there was more SteadineSs in the
mark Ell at the close.
Business in most departments has been
fair. and in provisions quite active,
large trade having taken place in bulk
meats and bacon at better prices. Bread
stuffs remain dull, and the demand local.
Prices have not changed essentially.
There is a good deal of anxiety mantle sted
regarding the feature OF the market for
-four, wheat and corn, and good deal has
been written upon the subject. here ~,
beyond a doubt, large increase in stO skis
at the leading grain ports. aud the general
impression rega; dig supplies, and the
probable wants of England, aud OF some
sections in our own country, which has
pre- allied since harvest, has doubtless
wheat and corr, becaus notwt IL
standing the high prices current, they
have not been up to the estimates of
agrtculturists, and hence they have parted
with their crops reluctantly. We find the
stocks at Chicago large. very large and so
of all the leading primary grain markets.
And then If we look to England we find
that there has been a surprising increase
in the imports into that country since
harvest, as compared with the previous
season. There is a S tght decrease in the
imports of flour. but the imports of wheat
since the LIST of September, to the Sth Of
last month. were equal to thirty and half
millions bushels, against twenty and a
hall millions bushels the previous season.
Dealers and spectators in England have
anticipated a scarcity, sin the English
and French haTvests were gathered, and
made extraordinary exertions TO take adj
such cases the supply in the end will be
found to exceed tue demand. and this viii
apply not only 20 England, but to tn
country.
The excitement growing ont OF the inn
parchment question has subsidized to a
great extent, and gold declined and mat
tiers in comm erctal and financial circles
are progressing as usual. The speech of
Mr.. Sherman, Chairman of the Commit
tee on Finance. has attracted a good deal of
attention, he having admitted that the
dve-twenty bonds may be paid in lawful
money, or in other words, In greenbacks,
being the same kind of money the Gov
eminent got for them. This, doubtless,
has been put forth by the Senator, IN order
to make his five per cent. funding bill the
the holders of the five-twenties believed
that they would be compelled to exchange
them for . lawful money they would be
quite willing, not to cay anxious, to exc
change them for five per cent. gold bonds.
We have heretofore alluded to the fact
that the sentiment of the great masses of
the people was In favor Of paying these
bonds in the Government currency, and
the sentiments expressed by Mr.. Sherman
proves beyond a doubt that we were cor
rect.
In reply to a communication signed
" Maryland" dated at Baltimore, we will
say that the information to which the
writer alludes was telegraphed to the pa
pers in the West from Washington, name
ly-that the Maryland Mi lila had been
ordered to parade for inspection. We
would publish the communication of
" Maryland" but we do not desire to enter
into political discussions. We will say
that we are much pleased to find tn at there
was no truth in the statement, and that
the people of Maryland are determined TO
see that law and order shall prevail, no
matter how much they may be opposed to
the prevailing policy. This is Just as it
should be.