Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-24
MONETARY AND COMMERCIAL.
financial Matters. .

u
Business in Third street was even more
| depressed yesterday than on Thursday, and
Monetary affairs were more unsettled; the
| announcement of the suspension of the
| Pittsburgh (Penna.) Banks, and of the old
| private banking-house of Samuel Harris &
| Sens, in Baltimore, having had an i'll influ-
ence in the eBanking-quarter. There was NO
! panic here, but our Bankers felt very uneasy
because they knew not where all this trouble
| would end. r3f a'af rsL
No one felt disposed to do any thing, and
! the Discount-houses' were discounting very
| sparingly even for their good customers
Rates it was almost impossible to give, so un-
settled was every thing of Financial char
aeter. Eastern Exchange was advanced to
] premium on Boston and New York; hardly
any one wishing to buy or sell on the two
suspended points; and most dealers were in
disposed to draw when they could avoid it,
In the afternoon one or two houses were
selling at l. "a, and there is no doubt the
market will open this morning at 2premium,
perhaps at higher figure. -.s.
Gold was in active demand, greater indeed
than it could be supplied; several dealers
| being unwilling to sell, at 202% prem. In
| the street the Brokers charged 3(95c. prem,
and obtained that price for small lots. The
Bankers are asserting what Paper they can,
| and returning it for Exchange and Coin, but
| III pCllOu lAtOJ wv NV lCVa bLltbt
they can spare much Currency. 81
In Time bills and New Orleans Exchange
! nothing was done, and rates were altogether
| nominal. a-'s--5
. 1t is difficult to give quotations fer Uncur.
rent Money, so variable are they, and SO
liable to fluctuate; but we furnish them as
nearly as we can. The rates are: Indiana
Stock, y; Pennsylvania Qnteriorl 5@lG
Virginia, 10; Missouri. 10; Iowa, 5; Wiscon-
sin, To- Illinois, l5@25 Maryland (interior),
To- Tennessee, 2@5 Michigan and Canada, q
Alabama, Georgia, and the Carolinas, 200
25 discount. .' t-lI .
At the close of Bank hours, the feeling in
Third street improved somewhat; the dis
patches received from New York, announc-
ing further advance in Stocks and an anne
lioration in Money matters bearing, their in
fluence on our Bankers and Merchants gen.
orally. t,.r.
Hogs opened dull and heavy yesterday
morning, and no disposition being shown to
buy, the, market failed to improve in tone.
The best Hogs were offered at Sc, without
buyers, who were unwilling to purchase at
over s. rs. The sales for immediate delivery
were not more than 600 head, and 600 at $6
for the first half of next month was not re-
garded as an indication of the market.
Some of the packers for the English and
Irish markets, who contracted in October for
have, from. scarcity of Money, declined to
take the Hogs, agreeing to pay to holders
the difference between what they could
realize now and the contract prices. This
has thrown more Hogs on the market than
would have been otherwise.
Provisions were very dull yesterday, and
rates for mess Pork nominal. Lard ruled at
1o@I0Ac., and 1000 green Hams were dis
posed of at 7%@72Sc. Nothing doing in
Flour, but WHISKY advanced 1Ic. Corn de-
clined lc, but other grains are unchanged7
The following are the Imports and Ex-.
ports Of the various articles during the
twenty-four hours ending yesterday noon:
Rhssp pGAPREe 2o5 55Es Barley 9SI bushels
S eI Hay % lsS Hso I9g head
Rye, 2,ssS bpsheis Sugar, % hhds; Wheat, $50
oqs9es wAg1as & @ bs1re sSrgf Butter
Candles 6Si boxes 9g Corn 10 bushels Cheese, i4li
bbrls:; Malt 22q bush. Oats, 4i2 bush; Pork and
Boxes Potatoe 25 Sarfe Rye IS Bushels asa Sugar. So
Whisky, 1899 barrels.
Yesterdays Louisville papers, under date
of Tuesday evening, report sales of 1000 bar
Tels mess Pork at $l7, to fill light orders
from planters. Round lots could not be sold
at figure near that rate. They mention
sales also OF 1000 green Hams at IKE, on
four months time. There is no inquiry for
Shoulders or Sides there, and Lard is en-
tirely neglected. The depressing news from
other adjacent Hog markets has Influenced
our packers to reduce their offers, and lots
could not be sold now even at Sc net at four
months. Sales of 200 brls. Pork at SIT for
new; 1000 green Hams sold for 7Mc. Small
sales Bacon and Lard at former rates.
The Hog market is dull, with good num-
Der offering at &c. net, half cash and half in
four months, butpackers will not purchase.
During the past two days we have not heard
of single transaction. To-day all of the
pork-houses were busily engaged in slaugh-
tering, and we expect that about 1000 head
were slaughtered, but we were not able to
learn the exact number. There were several
large arrivals to-day, and the number left in
pens is sufficient to keep the houses busy to-
morrow. Over 10000 head have been
slaughtered 50 far this season. The weather
to-day was favorable for killing, and the
houses were busy during the entire day.
Our Thursdays New York exchanges
say in regard to Wednesdays Stock market
The Stock market to-day, at the morning Board,
the result Of the informal meeting Of the Bank ON
GERS was known the feeling was better, aud nearly
ing continued at the second Board, with a msTksd
a9ysnee IN most the faDcies, and after the action
n
the market was very buOyant, although, from ths
ateness Of lhe hour the trantactiOns were not i'm
portant, Ihe last transaction we heard Of was a
afterward. 1t would BE- waste Of space 70 give a
detailed history Of to-day's market-aftar the i'm
pcItant action Of the Banks this evening, which
will, no doubt, Change tho Whole aspect of financial
affairs tomorrow
Concerning Wednesdays Monetary affairs
in New York, THURSDAY ) Tribune remarks:
There was little or no relief IN the Money market
TO day, but rather easier feeling In anticipation Of
some relic by more liberal course the part Of
the Banks. fiTst-class names go ut l29l5 per cent
ana good at ls0lA per cent There Is NO currency,
oven at these rates. Demand LOaDs are per cent,
ana the supply Of Money is moderate.
There Is better feeling in the FOreign-bill mar
ket, but steamer day being passed there Is much
activity. The nominal quotations par to los
per cent tor Sterling, and 1905. 40 for Francs.
The suspensions OF Banks at the South and West
announced within day or two, brought about al
most panic IN Uncurrent Money, and the brO-
keTs' Offices crowded to. day with sellers The
rates rapidly advanced, partly from the Inability Of
CeTtaiBtyin regard 10 the future
AT the latest MessTs. Thompson Brothers quote
New YOrk State and Eastern = per cent. discount;
Ohio, Indiana and Kentucky, per cent discount;
Illinois. Missogr, Wisconsin aud Iowa, % per cent
discount Maryland and pnsy lVania, l2 per cent.
discount Virginia, North Carolina, South Carolina,
Ge rgta and Alabama, IS per cent. discount. Land-
warrants are Unsettled, end nomipaly 6Oc per acre,