Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-12-06

New York Sight......i los prem. Y prem.
PRiisdcip6a....a dRis@par. Rf.@ prem prem.
Balumore...".".......... dis. par
American prem. aSi PREM prem.
The announcement here yesterday of the
suspension of Cobb, Martin & Co., a large,
loDg-established and highly respectable Com
mission-house, in New Orleans, caused
feeling of distrust in Southern Bills. c., NJ.
& Co. had houses in New York, Mobile, and
other points, and it is supposed they have
failed for heavy amount. .-
In st. Louis, Currency is in small supply
at 2 discount selling, and Monetary matters
are close. Eastern Exchange is very scarce
there; the Bankers drawing moderately for
their customers at 2, and for outsiders at
premium; while other dealers obtain with
| out difficulty. ....
In Chicago all kinds of business are very
dull. Currency is aecumulating there, and
the Bankers know not what to do with it,
Eastern Exchange is very scarce, and rules
at car premium.
We have had no mail advice from New
Orleans for several days. The times there
look financially unfayorable, and the failure
of Cobb, Martin & Co., commission mer-
chants, with branch concerns in New York,
Mobile and Louisville, will have bad effect
there, as they were an old and eminently-
respectable firm. Money is very close, in
deed; the Banks extending few accommoda-
tions; and New York Sight Cheeks rule at
H@9s discount.
The following are the Imports and Exports
during the twenty-fou hours ending yester-
day at noon
lmpoTts-Apples, 2OS barrels Barley, 729
bushels; Butter, 100 packages; Corn, 963
Coffee, 292 bags; Flour, 1853 barrels; Hay,
2l7 bales; Hogs, 6,905 head; Lard, IS barrels
and so kegs; Molasses, IS barrels; Malt, 265
bushels; Oais, 1887 bushels Pork and
Bacon, IA hogsheads, 80 barrels and $4,000
pounds Potatoes, barrels; Rye, lis
bushels; Sugar, lO4 hogsheads; Salt, COG bar
rels; Wheat, 800 bushels Whisky, $50
barrels.
Eaports-Apples, 80 barrels; Barley, 80
bushels; Butter, A packages; Candles, 50
boxes; Cheese, 23S boxes; Coffee, 322 bags
Flour, 219 barrels; Lard, 1904 barrels and
5O4 kegs; Molasses, 1876 barrels; Malt, 9l8
bushels; Pork and Bacon, 1888 hogsheads,
tierce 407 barrels and 228 boxes; Potatoes,
| 100 barrels; Sugar, 63 hogsheads; Salt, $50
barrels; Whisky, 469 barrels.
Fridays Herdldthus speaks of last weeks
New York Bank-statement:
The Bank-statement compares as follows
with that of last Monday:
Looas. Specie Circilotioa. Deposits
Nov 24...Sl25 5ls,i0l ls,I59,3I3 s,96sil2 7Oaj7g9
Deol'.'... lI9 o57,t09 l8,slI62 S,SO5,9H SO722TlS
Decrease SSieaseS ''''''' 2l7,Gl l6s,ss O''o 0i'
1t was hardly expected that the Banks
would show decrease Of Specie, as a re-
mittance from California arrived the day
| their previous average was made up. 1t
must be presumed that the previous loss had
been heavier than was supposed. Some
| Gold, also, went last week to strengthen the
Banks OF New England and of this State.
! We are inclined TO think that our Banks
will have to abandon the idea of carrying
| New England through the present crisis.
The increase in Bank Loans and Deposits
| is Unprecedented. 1t proves two things
| first, that the Banks are faithfully carrying
out the promise they gave the Merchants
ten days ago; and secondly, that the Mer-
chants are returning the compliment by leav-
| ing their Money in Bank on deposit. twill
| be noticed that the increase of Deposits is
nearly as great as the increase in Loans,
though the remittances of Coin to the in
terror tell against the Deposit column. This
! Statement is, on the whole, calculated to
|
the news of the Union efforts at Washington,
to impart a more cheerful feeling to mercan-
! tile circles.
Tuesday Times says of Monetary matters
and Stocks on Monday:
The Money market to-day shows no change
from the close on Saturday. 1t is easy on
Call-loan and for short Discounts at Bank
20 regular dealers, but still hard on outside
sales of Paper, the rates on hrst-class ruling
l2@l5 per cent.
The rates of Exchange on England for
Wednesdays steamer open at l049lO5 for
Bankers, no important demand yet showing
itself. Merchant Bills are firmer at l02@l0a
per cent. We hear of nc alteration in the
Domestic Exchanges to-day Philadelphia
991E@9S.
The Stock market opened with a feeling
of some confidence that the first adVices from
the meeting Of Congress would be of o com
promising or pacific nature, and as the dis
patches in the afternoon, though meager in
details Of fact, reflected a good temper il
both Houses, the latest prices were higher
by per cent. than the last sales of Saturday
New York Central, 769s; Erie 2915; Galena
641<; Rock Island, 54 Missouri, n, and Hud
son 43ls.' rH
Altogether, the sales Of the day show al
improved demand, and this in the absence o.
any general speculative movement, as yet
from the outside public The disposition
was good at the close to receive with eager
ness, and eonstrue literally in favor Of thu
recovery of the market, every item of new
from the seat of Government which may lool
10 the settlement Of the sectional difficulty
Prices late in the afternoon closed firm.
Yesterday Louisville papers say of Tues
, days Provision market r
} There was better feeling in Provisions
7 an some inquiry to fill up Southern orders
| with a sale nf b0O hrIa mess Pork eaah am