The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1857-10-22

:
New Orleans market, AMI the latter declining {,
sell except on the merits Of the article offered
/ This change in the regular course OF trade ol
the part of millers was introduced by the re
cent cutting down" Of several lots by the New
Orleans city mills -four Inspector, on account q
too much color, owing to being manufacture,
rom damp wheat.
What course the Board Of millers will deeid
upon viii probably transpire in day or two
AT present the -four trade is at a stand. Tn
nIliers are quite indignant at the inspectors be
low, and heavy reclamatiOns are called for
Grain is decidedly dnl with disposition to de
cline in nearly every kind. The receipts to-da,
are about the same, as for the last two or thre
weeks, and the supply ofproduce on hand ex
| uemtly small for this market Receipts o
wheat at Chicago for the week ending Saturday
amounts to 034 225 bushels, and shipments t,
/ 5l9,9 bushels.
The Chicago Tribune of yesterday has th
/ following article
! TAKING Wheat FOR DEBTs-There are ,
dozen New Workers in .own looking after thei
! "buSlnerS relations" They propose to thos,
owing them to receive wheat at market rate.
anu half the difference Of exchange, in lieu O
/ New FORK funds. We are told that CONFRONT
scs OF this character will be made to large A.
mount The idea is a iirstrse one considering
the terribly deranged condition of the country's
exchanges.
CINcINNATI-TheC Commercial Of last Satu-
day says;
Iha news from New York to day was deci-
dedly more cheering; financial matters there are
rapidly settling down to currency basis and
the decision Of the Supreme Court, re erardino
the bank suspension, which we give in another
colUmn, will enable all the Banks to 20 on and
do business as usual as ifthey had not suspended.
The notes OF the New York State and New Eng
land banks were taken at par with little excep
ton, by the New York Banks to-day. The
Strangest feature in connection with the suspen
sonin New York is, that gold is a drug at 1(61l5
prem. and those who drew their gold out of the
Banks during the panic are depositing it again at
par.
The Eastern Banks have pretty generally
suspended, and we regard this the true course
tor all banks ~thoushout the country: because
they must all do it sooner or latter. and the
sooner those which stand off come into the a.
rangement the better, as it will facilitate the
speedy arrangement Of heSpresent difficulties
and also hasten the resumption of specie nav
mcnt, The feelings o. this city are in favor Of
tins course, because it is believed 1natters can
not be satisfactorily arranged until it is done.
Most OF our Banking Houses took the notes
Of New Orleans Banks, to-day. We understand
there is movement on foot among our mer.
chants with reference to regulation OF currency
matters good deal is being said reparlinp
the action of certain brokers charging them
with being the cause in part of The present un.
S2Iled STATE OF our currency, aud calling on them
to pursue different course. If parties would
con 'lder for a moment, who are thu; complain
ing, that humanity is the same at nil times that
men viii pursue that business and that course
which promises the best profits, and that SO lun~
as they do not infringe upon the rights of others
Or the laws OF the State, they have n 24gdtto do
this Ii our mercantile community v0nll but
help Themselves AMI inS cad Of fcallinr on Juoi.
ter lor assistance, put their own shoulder to the
wheel, they would very soon find that they had
.he power to regulate this mltter without the
cooperation OF thiS OF that Broker
Let there first BE- Banking Houses selec!e
wiling to adopt a carrency standard at once
md then let list OF the banks supposed to b..
'aie, be made out, and then let our merchants |
pay out and receive the notes of those banks |
-hrongh the banking houses, which agree to do
20, and the matter is arranged at once. Now |
here can be no doubt whatever that the whole
hing Will come to this, eventually, and the Ion
yer it is put of the worse it is for our business
Rates Of exchange on New York continue ir.
egnIar, . to Sc prem. being the range, bu de,
line must and will soon take place.
A priyat letter from Chicago gives a sorry pic
ure OF thai city business pretty much stspen-
led, and large amount of paper going to pro-
ert daily. THIS letter states that last Satu-
lay not over one fourth the paper which ma
ured was said, and that in fact great portion
# The dealers there had virtually suspended
hough not regarded in that light These are
lord times, no doubt, for Chicago.