Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-16
MONETARY AND COMMERCIAL.


MONETARY AND COMMERCIAL.
Financial Affairs.
Financial affairs were generally rather
quiet yesterday, but Money continued in
brisk demand, though the Checkings by the
Pork-operators were less, and the outgoing
of Currency to the country for Hogs mate
rally fell of. The applications for Loans
were pretty large, but the Discount-houses
accommodated their customers at l0@l2 per
cent, most of the Paper offered going at the
latter rate.
Eastern Exchange was steady at 4 buying
on the principal cities and 4 premium SELL
ing on all four, though, owing to the report
of further financial trouble in Baltimore,
some dealers would not give more than par
for Sight Drafts on that city.
Gold was in good retail demand at 1S@A
premium small lots selling across the coun-
ter at premium.
In New Orleans Exchange there was no
alteration with q very quiet market In
Time-bills on the East and South we heard
of no transactions of consequence.
The rates of Uncurrent Money were as
before reported, though some houses were
charging 5 discount on Iowa and Wisconsin
Notes.-The same as lllinois-while others
purchased them at 3 discount.
Flour was still very dull yesterday, and
prices were nominal. Whisky was heavy
and rates were unchanged: 900 brls selling.
Groceries were without alteration; Molasses
continuing nominal in price and without
sales. Wheat declined TO 81 for prime red,
and 81 OS to 81 10 for prime white. Corn,
Rye and prime Barley were firm and in fair
| demand, and Oats remained dull.
| Provisions were dull and quiet. Mess
Pork was decidedly heavy at SIG 75@l7 per
bril-; 100 brls. changing hands at the latter
| figures. Green Meats were lower, and prices
| nominal, except for Hams, of which 1000
were sold at Sc. Lard was dull at lO2<c.
| The Hog market was extremely dull, with
large receipts, IL 500 head having been re-
ceived during the last twenty-four hours.
| Prices were 25c. per 100 lbs. lower, and
| merely nominal at the reduction. Only
| 1000 head were disposed of at Sc 25 to Sc 40,
and at the close heavy Hogs sold at Sc 25.
! There were very few buyers, and had Hogs
| been forced, the market would have further
| declined.
| The following are the Imports and Exports
| of the various articles during the twenty
four hours ending yesterday noon:
I.portsmaAgples, I2!I brls.i Barley, 2g2 bushels;
Bushels; cheese. sis boxes Coffee 0aI bsgs: bS,Ss:
Flour $50 bTis; Hay, 2g2 bales Hogs, iCa77 head;
6ats Bushes Pork and Dif Bao0n kd and
brl,; Potatoes, go barrels; Rye 9Ol bush Sugar,
Candles losi bcxes Corn l38 bushels; Cheese, ~
SHss HoFs s head SEs and S5 kSgs
Bacon s bIds, 30 te2ees l5s BsrTels U1h and H1 "a
bGxes Potatoes, % barrels Rye 9S bush; Sugar 73
bids Salt, 56s barrels Wheat, $50 bush.i Whisky,
1905 barrels.
Concerning Provisions and Hogs on We'd
nesday, yesterdays Louisville papers re-
mark:
Sales of SO brls mess Pork at SIS; 20 bris, on or.
Meats, made aweek ago, was as follows: i2iO pieces
az @ sS Hams al go Hogs 81 were ere S
fered at Sc to Sc 25 net, without buyers.
We annex a statement Of the Exports Tex
elusive of Specie) from New York to foreign
ports, for the past week and since January l:
1855. 1859. 1860.
Previously ropd s5S76'2IS 56.s25,sS Si,iss.So7
Since Jan. I... s55,2s2854 S57828, ,4s6 sSl9lO,O58
Wednesdays Tribune thus speaks of Tues
| days Stock market in New York:
| The slaughter Of the innoceuts" continued at
the morning Board to-day, and still lower prices
feature Of the market on yesterday was the large
proportion Of stocks sold for cash, showing the
contracts now falling due at prices ranging from
10 10 % per cent higher than those ruling to-day.
In many cases parties not take up their Stocks,
| and they must be thrown the market at any
| price, thus aiding the downward movement This
fact, with the using up Of margins, continues to
supply more shares than the market can absorb, and
| hence these tears.
Its generally thought that the weak parties have
been nearly cleaned out during the last thirty days
and that the panic, having no more mater to work
upon will soon abatei however this may be, there Is
evidently to-day an ncceFsion Of outside buyers for
cash, buyers who have the Money with which TO
pay for Stocks, without resort TO- loans, and who
bANe confidence that the political skies will soon
clear up ana That stocks are cheap at present prices
even they do not. These buyers arc daily noreas-
ing in numbers, and We think It requires but mod
an entire change ia the tone Of the market, and
bring in the public and the street rabid to buy
hears were not active to-day and the short line oi
the street Is probably very small. Il was almost
without paying exhorbitant differences
Touching Tuesdays Financial affairs in
New York, Wednesdays Tribune observes;
The Banks to-day had very large offeriags, ant
any claims upon them. The princisSi cohtEsetiSI
is In call LOans which have beea freely called in
date their customers as far as prudence viii permit
In the Discount. houses the same state Of thing
currency for Paper, even at higher rates Yer
leading names, at sixty days to four months, hay
transactions could DO made at these rates. The di
Money Il to rsRS5 oS oSy he hsSS Ses eoes a
we have heard Of very few failures yet, eitht
that the present Inability to Bills receivab
can not continue long without producing comme
Dispatches and lotters received 70 o,day fro
| Charleston are more encouraging. leading banl
ing house has assurances from its Charleston co
respondent that the banks Of that city viii not SUI
| pend, and that business generally is going q
| smoothly. 1t was currently reported IN the sire
that the South Carolina Convention had been Ros
| Ionsd TO the 18th January. =
, The market is very unsettled for Toreign Bill
and the demand is very limited. The range Of rat
Is lQ5eIlO7z for sterling the tTansactions being
l07 for best signatures. Southern Bank bills are
!, the list, but can only be negotiated at low rate
We heard Of sales Of the BaBk Of Charleston as 10
as 100, and We learn that some other signatures n
saable have gone forward for eolIeetionl the pr.
ceeds TO be sent home in Gold Francs are 25@95a
Last weeks Philadelphia Bank-statemen
compared TO that Of the previous weel
shows an increase in Circulation of 81, 59'
and in Capital Stock Of Sl,6l5 decreases I
Loans, ofS6l6, l73; in Specie, $l56, ,024-an
IN Deposits, $4s5, 0sl. t19lE.ll.
The aggregates of last weeks Bosto
Bank-statement are, Capital-stock, $37, 1881,
| roo; Loans and Discount, S64, ,089, 600; Specie
! $46Is, GOO; Deposits, SIS, 9,647, 500, and olrcu
I lation, $7,792, ,OO0 ~