Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-12-31
NOKETARH AND OOMMERCIAL.



Discount-houses will not be able to furnish
the facilities required, but they may, by
judicious management, prevent any particu-
lar pressure among the merchants, and prob
ably will be able to do So unless political
affairs take a very uufavorable turn.
Eastern Exchange will no doubt decline
this week still further, as it closed rather
heavy on Saturday at the quotations, and as
the Pork-operstors win be drawing freely
this week on the East. New Orleans will
still be in demand at l premium, we pre-
sumo, and Gold will follow the rate of East
ern Exchange.
We look for further improvement in I'M
current Money, especially in the Western
Currency, and fair, though notvery active
business week.
How Hogs will rule it is impossible to
conjecture. Holders say they will be firm
and probably advance; while buyers think
they will fall back to lower prices. A large
number are, doubtless, yet to come in, and
many thathave formerly gone to other mar
kets will be sent here this season on account
of the scarcity of money throughout the
country.
Fridays Boston papers remark:
The market for Money is dull and without
change in outside rates--l0@l2 per cent.
In fact Money is now in excess Of the de-
mand, and large amounts Of capital are seek
ing profitable investments. In a week or
two the market will be as easy as it was i'm
mediately after the panic of 1867. Specie
continues to be received in large quantities /;
upward of $l0,O00,000, in coin, have been
received in the Atlantic States from Europe
and California within the last ten days.
Fridays Philadelphia Ledger observes:
The Money market is inactive, not because
money is scarce, however, but because COM
mercial credit is very much out .at-elbo VS.,
Stocks are relatively in better favor than
Commercial Bills. We have had several
rather bad failures lately; bad, we mean, as
showing little for creditors, and no very
satisfactory account as to what went with
the proceeds of the liabilities. This shocked
the market for a fortnight or so, and it was
just beginning to improve little when the
the failure of Browning & Brothers, Drug
gists, Market street. and of Cronise & Co,
Specie Brokers, Third street, were an
nouIced. These failures have re-awakened
distrust, on the street, of nearly all Paper
offered. The rates yesterday did not vary
very materially from / Is per cent. a month,
for prime A No. l Bills, but the difficulty
was to find capitalists to invest in Paper at
any price.
Saturdays Chicago Times says of Fridays
Money matters;
The rate of Exchange to-day at the Banks
was nomipally 8 per cent; on the street it
was freely offered at 500 per cent, and one
of the heaviest commission-houses, which
sells large amount of Exchange, informed
us that they had sold $4,000 to-day at per
cent? Although we can not confidently look
for any great decline until after the pay
meDts of the 1st and 4th are made, we feel
confident that after the 4th a speedy decline
must take place, unless some unforeseen Cir
cumstances shall occur to create a second
panic.
We learn from gentleman Just returned
from the interior, that q move is being made
by those Of the Illinois Banks which have al
ways conducted their business in q legitimate
way, TO have the Banking laws of the State
so amended as to compel the Banks to redeem
either in Chicago or Springfield, at u per
cent, to keep certain percentage of Coin on
hand, to have.a bona jide capital of not less
than $4,000, and to allow any Notary-Dublic
in the State to protest their Bills in case of
their neglect or refusal to redeem at their
counters when demand is made.
Of Grain, Hogs and Cattle on Friday, the
same paper states:
This has been another active day in the
Produce. market. Wheat opened at 75c. for
No 2 spring; 8gc. for No. do, and SIC. for
Northwestern Club, in store. After receipt
Of New York dispatches the market was
firmer, aud sales of No. were made at 16c.,
but the close of Change buyers only
offered 7512c. There was a fair demand for
Flour, hut the frmness with Which it was
held restricted transactions; the majority of
buyers are wholesale merchants, who are
shipping to make Exchange, and they are
unwilling TO take hold unless they can see
prospect of saving their Exchange by buy
ing. The demand for Corn was not so active,
and we have but little change 10 note in the
market. Oats are in active demand at II NC.
in store. There is'a good demand for Barley
at 35Q16Oo. for common to choice. Rye firm
at 45c., with an active demand. There was
an active demand for mess Pork, and num-
Der of sales were reported at SIS. Prime
Lard is in good demand at l0c. There is
more demand for Highwines, aud the mar
ket is active at l5o. for round and 1870
l51&c. for small lots. The receipts of dressed
Hogs were nearly 5000 head; and with an
active demand both from shippers and pack
ers, large business was done at So 2595 75,
dividing on 800 lbs. . -..,-r.
Hoes AND CATTLE.-The. receipts to day
were 2,S27 dressed and 3,7T5 live Hogs,
against l,543 dressed and 1850 live Hogs
on the corresponding day in 1859. There
was an active demand for dressed Hogs in
fore part Of the day, both shippers and pack
ers being IN the market, and large business
was done at So 3095 rs la the after part
of the day the market was not so active,
and buyers were demanding reduction ia
prices. There was an active demand for
live Hogs at $4 60@4 so, the market clos
ing firm.
Saturdays st. Louis Democrat thus refers
TO Friday:
A rainy, disagreeable day has added to the
lifelessness Of Money matters. At some of the
Banks the offerings are as large as they find
gate the demands for Money are small, and
much of these merely Accommodation Pa
per.
The selling rates Of Exchange are as last
quoted, mostly about per cent. premiuu
for bankable Funds, and = premium fol-
Gold. There are few that care TO buy at So
high a rate as per cent. premium, aud q
consequent decline is looked for. The de
Inand on New Orleans is quite small.
Illinois and Wisconsin Currency rules al
about H@M discount, being quite scarce
Gold is in better supply ,,.
NEw YoRK DRY-GooDs MARKET.--Thurs
days Independent says OF. the New YorI
Dry-goods Market for the week ending Of
that day; .l.... sr. ",
There Is no improvement in the couditio
Of trade, which is stagnant. Retrenohmen