Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-27
MONETARY AND COMMERCIAL.
FIuanoIaI pTn,ters.


Financial Matters. .UI
The announcement of the suspension of
three old Tennessee Banks, the Union, the
Planters, and the Bank Of Tennessee, by the
request Of the commercial community, as
the telegraph states, caused no disturbance
yesterday in Third-street, where Monetary
affairs were nearly as quiet as usual on Mon
day. The market continued very close
though the demand was not heavy. The
offerings at the Discount-houses were light,
but generally in excess Of the receipts as well
as the disposition to accommodate, which
was very limited. The Bankers were doing
very little even for their best customers, and
outside rates were as before, about per
cent. per month for first-class Paper of short
date.
The firmness of Eastern Exchange re-
manned steady at Saturdays selling rates
par on Baltimore; = prem. on Philadelphia,
and 2prem. on Boston and New York; the
buying price being undetermined. New
Orleans Sight Checks were nominal at a
dis .@par and a prem, but we heard of no
sales. Gold was in fair supply and moderate
demand at prem; the outside figure of 5
prem. being difficult of fobtainment.
Our bankable funds are at present much
narrowed down, and this, perhaps, as much
as any thing else produces the existing
stringency. Ohio, Indiana, Kentucky, the
New York, New England and New Orleans
Banks form our par Currency. The rate of
Tennessee was advanced, but the other Banks
on the Uneurrent List were unaltered. Our
| quotations are; Indiana Stock, 1S0l Penn
| sylvalia (interior) SOLO; Virginia, TO- Mis-
souri,, To- Iowa. Solo; Wisconsin, 10; Illi-
nois, 15@25; Maryland (interior) 10; Ten
nessee, 10@20; Michigan and Canada, s.;
Alabama, Georgia and the Carolinas, 2O@25
discount.
An arrangement has been made with the
Ohio Valley Bank to take most of the Geor-
| gia Banks at 2 discount to-day.
Our City Produce Market continued dull
| yesterday. Hogs remained dull and heavy,
| and though the offerings were moderate.
prices tended downward. Had more been
| thrown on the market, rates would have de-
| clined. Buyers offered at So 1905 80, at
which figures some holders would not sell.
The transactions were 2,S75 at SIS rs to Sc
and Sc IL, the higher rates for very heavy
Hogs.
No demand was had for Flour but Whisky
was in good demand at full prices. Provis-
| ions and Groceries were dull, and Grains un-
| changed.
The following are the Imports and Ex-
ports of the various articles during the
forty eight hours ending yesterday noon !:
hsports-ApPles, 444 bTls.; Barley, 1852 bushels;
Butter ll6 pkgs;; Candles, 25 boxes Corn, 4226
,i96 brs; Hay bales; Hogs 1855 head ' Lard, rdut
hrls Molasses, sl2 brls Oats, 2i3 bush; Pork and
22g brls Sugar, s54 hhds; Salt, sos barrels; Wheat
l,l2S bushels; Whisky, 9ss barrels,
Candles, 626 boxes; Corn 296 bushels; cheese, is3
boxes; Coffee, 952 bags Flour, 6I brls:; Hay, 42
bris Malt i50 bush Pork and Bacon, IL RSds %
u terses, 4s9 bTls and 2ls boxes; Potatoes, q
ZIG bushels; Whisky, l,772 barrels.
The Louisville Money market is un-
changed, continuing very close. The rates
for Eastern Exchange are fuctuating at
from to ~ per cent. premium; New Or
leans u per cent. premium.
Yesterdays Louisville Courier observes,
respecting Provisions and Hogs on Satur-
day: '
The Provision market is exceedingly dull and
heavy, and we have to note a very large decline in
new for present delivery, at SIS. The unfavorable
news from abroad, with the tightness Of the Money
the market iii take has caused unessiness ON the
part Of holders, and they are anxious to realize.
PORK for future delivery as the PARTIES WishnS G
to buy are afraid to operate. The demand for our
the political excitement which still RACES there,
We note few small retail sales Of old Bacon at
&C. for shouders, l2c for rib and l3c for clear rib
Meats, and 10 every thiSg else the market Is un.
settled and prices nominal. During the past few
have heard Of Dealers are al aid to operate 'nA' "e
The Hog arket Is stagnant with few small lots
of1eriDg but we heard of no transactions; packers
will not purchase unless the Hogs are sold on Iona
time mSit Lost 9tthe m hoases were hIllipg todSy but We
about 400 were slaughtered at of the pork houses
SsT that both houses TSsi win are Re in S@s an it
| Monday. .. Dr..
We annex comparative statement of the
imports Of Foreign Dry Goods at New York
for the past week, and since January l:
EnIs4sd E e Ct Essf tSs port isss 9sSss gsSs 81 % 1sSS
Thrown on market.... 423,g77 6Sl,62O '6ls,75i
Entered at t6e ports! $40 1o27272as ssol5,s4s
Thrown on market"62, l29,i95 1902 l39,OS7 9I4698gl
Saturdays New York Tribune remarks in
regard to the financial feeling there:
The feeling in business circles coatinues to be
the Banks has been ample, and no person finds any
difficulty in meeting his liabilities who has salts
and gloom Of the early part Of the week is marked
| and universal The merchants feel that the Bank
and "a that %oaeaS css isis snss@
| all will go down together in one common wreck
1 In 1851 the Banks, broke the merchants in en-
deavorng to secure their safety and the result
their action then was found In the fact that thC
foreign Exchanges at that time adverse to the
and that an expansion Of Bank loans would % insSit.
ably have been followed by large loss of Coin f9l
trade il entirely different; the balance OF trade d
in favor Of this country, and the Banks assume NJ
risk by liberaly aiding their dealers; certainly
contrectiye policy, which would inevitably hay
brought about suspension Of Specie pay ments. Tn
| Banks have now struck hands with the mercantile
| and commercial classes, to sink or swim together
and bold action. 1t viii probably prove the safet
| Of both. HH Z. EL To 1N.
The same number of the Tribune say
of Fridays New York Monetary affairs;
The expansion Of the Banks has not yet had muc
influence in the Dscount-houses. The sta gnaton 9
Paper has only been partially relieved and tn
names at sixty days stil greater at IL per cent
with occasional transactions in faYorite signature
at s@lO per cent, Long Paper goes at l5@9lS pc
cent. as before. On demand Money is in fair suppl
at per cent on choice colateFals.
There Is no new feature in the foraign bill market
| but the better currency for known signatures con
tinqes without much Engagement in ratet IL
and some parties look within month, when ootto
moves freely again, for still lower rates. Banker
ask l03 to 100 for Sterling, and hrstclass commeI
cial signatures are lOO9lO2. Francs are oTG@5.4i
aud dull. XII.
The following are the rates for Currenc
in New York: . l
Diseoun
New York State and New England...............!
New jersey and P6iisdeipR
Maryland and PennsylVania Country.
Ohio, Indiana and Kentucky
Illinois, Wisconsin, Iowa and Missouri.,........ Is
Virginia, N. Carolina, Alabama and Georgia.. IS
Lonisiapa
Soutn ~
The Baltimore American remarks:
Our Banks, we are told, ARE in the strongest pos
tion, and have Hitherto curtailed their accommodi
tions only for the purpose OF preparing for dEai