Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-17
MONETARY AND COMMERCIAL.
Financial Affairs.

There was no new development in flnan-
cial matters yesterday, except a further re-
duction in the rates of Uncurrent Money.
Private kilograms were received in the morn
ing, announcing the further advance of
Eastern Exchange in Chicago to prem, and
this caused the Brokers to put up the price of
Iowa and Wisconsin to and of Illinois to
10 discount some dealers refusing to buy the
notes of the aforementioned State at all.
No confidence is felt here in the issues of
the Illinois Banks, and many believe that the
time for their suspension has arrived. The
Stocks on which they are based have ma
terially declined-about IL per cent within
six weeks-and the institutions ought to give
! new securities for their notes, which they
will not, and are now in no condition to do.
There is no reason in this for alarm respect
ing our Currency, which is quite sound and
frmer, perhaps, than it has ever been before.
The inquiry for Money continues quite
active, and the supply of Currency decreas-
ing at the Bankers, but still the legitimate
demand is met without difficulty; the gen.
eral rates for prime Paper being u per cent
In the street, rates continue much higher
but few transactions are occurring there at
present.
The market for Eastern Exchange was
steady yesterday, though not very brisk, at
ID on the three leading points and par o.
buying, on Baltimore, and 2s premium, SELL
ing, on all. Hardly any thing is doing in
Baltimore funds and none of our Bankers
are keeping any balances there during the
existing financial troubles of that city.
Gold was as before, in good retail demand,
with few orders from the country banks at
%0M premium; dealers paying 2s@4'c.
The general movement in Money is light,
and the unsettled feeling continues without
abatement.
Flour remained dull and heavy yesterday,
with sales Of 900 brls. Whisky was droop-
| ing, and at the close there were no buyers at
over 1910. Provisions were also dull, and
| mess Pork lower; not being saleable for De-
cember at SIG. Groceries were unsettled.
Wheat dull; Corn, Rye and prime Barley
| firm, and Oats in improved demand.
Hogs continued dull yesterday, and the
market dropped. The receipts were 1000
head, and sales could not be made at much
over Sc, but at that price there were numer-
Gus buyers. The sales reached 1887 head at
Sc to Sc 25, the latter for heavy Hogs.
The following are the Imports and Exports
of the various articles during the twenty
four hours ending yesterday noon:
Butter, 2O6 pigs; Candles, 2l0 boxes; Corn, 4i5i
bushels; Cheese S62 IoxeSi Coffee, sg7 bags; Flour
brls Molasses, 20 brls Malt, 500 bush; Oats, 2iia
sugar. 70 b2ds; Salt 200 brls Wheat Ss9 bGsb
| Whisky, 1880 barrels.
Candes boxes; cheese, SIS 6oxes Cones s
bags Flour, 254 brs Hay, III bales; Hogs 20 head;
Malt, loo bush. Oats 1900 bushels; Pork and Ba.,
con, ld3 hhds - 55 barrels, 23l boxes; Po-
Salt, 496 barrels; Wheat, 1896 bush; Whisky, i,54l
barrels. .Ir
Yesterdays Louisville papers say in regard
to Provisions and Hogs on Thursday:
Sales Of l00 brls, of new Pork orders, at SIS;
loS hrs new for Immediate delivery at sS 80 casks
more mars ct. Sales Of the product Of 200 Hogs at
5ae for shouldcrs 7hc, for Sides and &c. for Hams
not willing to make any contracts, Prices have de
slined and we heard today q sale Of 100 head g
and this is about the best figure at which they cal
S a Sf f and four Of The Sa1
| were in operation.
Thursdays Tribune thus refers to Wednes.
daysNew York Stock market;
The improvement exhibited in the Stock marke
yesterday Afternoon continued to-day, and mucl
which also extended to the Money market The frs
session Of the Board was very excited, brokers con
days ago for sales. The sitting was not over unit
half-pasi one O'Clock The Commission houses ha
on time, and could, in most cases. not be executed
days on the leading iancies was and I]6 per cent
showing that buyers have more faith than fund
The low POINTS touched yesterday also attracted Ga
attention Of capitalists, and hear in all quarter
Of orders TO buy for cash. These purchases went fl
| IOhtIu giving u tone 10 the MARKET anu 10 COL
tinue the upward movement, bringing in the stree
OF orators and shorts as buyers.
The Bears operated cautiously, few Of them hayin
much conhdence in further fall, although the
look for serious fluctuations, even when the markt
the close Of the session some descriptions especial
Western Shares, were not firm, the reports of N
have been receiving duri, the past two or thr,
months, Between the Boards the market WI
| irregular, and the Second Board, which Opens
rather weak, became firm at the close. In Il
street after the second session, there was conside
/ EfOpkg nlpainp nri
] show an tmproyement in nearly every description
State Stocks with the exception of Virginia, We
! lower, and are rather pressed on the market.
The same number of the Tribune speaks
' Wednesdays Money matters as follows:
4 The difference in the Money market is We
marked sS from yesterday althSugh rates for Par
quoted in the Journals tempted some capitalists fro
. their retreats, and whereas Paper could not be 50
.g a asSt S
good names, however. still selling at " per cent
S9f h f6e sdSR faPf ee Sg Bsa
are rather disposed to contract, which throws me
= has Induced large remittances by some OF the lea
), ing importers, whic has made the Banks connect
!, helm, which was circulated ia the street about
!, o'clock with other private 9dyices from the Sou
l. moneyed mep. Demand Loans were also easier
obtain 6nt there was was no sbatement in rates, !
: The Foreign Bill market is as before report'
The range iGT sterling Is iCSi0 ReT cent athSG
n class Commercial aud Southern bank signatures
4 in the market at lO6 per cent, which is 6 to y
| cent. below the Specie par. The demand is mod
Q ate, and the market very irregular. Francs are
= | @5.20.
o A feverish feeling is still reported in N
i Orleans 10y Wednesdays exchanges.
4 Banks there are very strong and are gaini
" Coin. The Money market is stagnant, W
hardly any outside transactions in Pap
o Time!bills on New York were utterly
Q elected; the very best going at 3 discou
a while Sight-checks were moderately sold
l A@l discount Nothing worthy of NJ
Y was done in Sterling. Jar II
; NEw YORK CATTLE MARKET.-Tkursd
| NotenbeT l5-The live Stock markets have bl
a | abnDdantly supplied during the week, the total
oeipts at all the city yards, for tho week ending
q terday, mberiDg $3.50 Beef Cattle, ,lS4 Mich Co
o III Veal Calves, ,2S7 Sheep and Lambs, lOa62
u Hogs Total, 50 ,2Ol, which u increase Of Is,
over last week. The prices Of Beef Cattle remaiI
= about at last weeks advance up 70 this morni
when large, fresh receipts, and the taot that but
IL had laid In considerable supplies from the ire
ular receipts during the week. knocked prices do
,e about % per head. At this reduction the yards
a | about cleared out, although the market drag
heavily. Mich Cows are In fair demand, and g
+ animals are IS per head higher than month 4
" Veal Calves have sold we'll, and the pens are emp
ao sheep and Lambs are in excess, and prices 80
y | ner head n fair