Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-06-12

a NaN W. - 1aA04NAH "
New Orleans, 3@7; North Carolina, so;
Peunsylvania (iuteriorl 3@5; Virginia
(Wheeliug City, l0@l5; Wheeling Branches,
is; other solvent Virginia 20@25; Mis-.
souri,, I9@16 Iowa, sos; Wisconsin (solyent)
5000; Wisconsin (~discreditedl 65@7G Hi.
nois ~(solventl 40; Illinois (discredited(.
6c@7G Maryland tinterior), 8; Tennessee
teld Bapksl 15@20; Tennessee free Banks(,
2C@25 Michigan and Canada, 8; Alabama,
So south Caroline and Georgia, 50 discount.
Our rates of Exchange and Gold were as
follows; .s
Sew York sight. paraH prem. %@K prem.
Philadelphia.......pa rah prem. %63h prem,
Boston-.-~-""~.par@3 q prem. prem.
E%srioaS God. .para& prem 4Oc.@}s prem rem.
The city Produce Market yesterday was
decidedly dull, and there was no change of
consequence in any article.
The Imports and Exports Of various arti-
cIes during the twenty four hours ending
yesterday noon were as follows:
inp0rs-Apples, 2 brls.; Butter, As kegs;
Corn, 404 bushels; Coffee, Is bags; Flour, 743
barrels; Hay, Z bales; Hogs, 759 head; Lard,
6 barrels and 10 kegs; Oats, 3,943 bushels;
Pork and Bacon, a barrels Potatoes, 500
barrels; Rye, l,02l bushels; Wheat, 2,0I0
bushels whisky, $40 barrels.
ErpoTts-Apples, 8 brls.; Butter, 81 kegs
Candles 36 boxes; Cheese, IS boxes: Coffee,
$40 bags; Flour, 2,O57 barrels; Hay, g bales
Molssses, 46 barrels; Malt, 1872 bushels
Pork and Bacon, 20 hogsheads, So ]tierces
and ia barrels; Potatoes, SO barrels; Rye,
l5l bushels; Sugar, l65 hogsheads; Salt, SO
barrels; Wheat, 1000 bushels; Whisky, 495
barrels.
The following are the New York trade
tables for the past week:
IMPORTS.
NV co,.. 1889, 1880; 1ss!;
GsHH'i S SS Ss1GsS s. "a 81 . S5S,fss s 5s5,si5
r1 E2'f9 tssg Ts;a:: s. s. }. &C. 55s 5 s;if3:si' I] I;2i59 Is
Since january sIcs 6s6, 45g lO2,2 72 79 70 g5O,3ls
EXPORTS OF PRODUCE AND MERCHANDISE,
1883. 1850. 1851.
FtviiouslyTePoFt;e 5f Is . iSsi.s655 S%5,Sii,S5s 5-5s''s555..as5SS
Since January s27, 5,t55 S3SOss,s7g SIS, 33l,4l7
EXPLOITS OF SPECIE.
For the week....s 50 1Bs 81 b s, I4SfsSTS9s; s1ssslo
Previously iePoTicd25 s6 Sis ii55.ea7,,S78 S,sse.SSs5Ss
Stree January s26, 4 ,ss5 si7,7l1ll6 s2,8g9,7 48
The decline in our foreign trade, as exhib-
ited above, specially in a import of less
than one-third the average at this season,
needs no comment.
Mondays New York Herald thus talks in
its usual hippant and shallow style of the
present crisis in our country:
Stocks do not vary much, though there
seemed last week to be a sounder apprecia-
tor Of the condition of the country among
holders Of Stocks than has heretofore pre-
vailed. Large parcels of cash Stocks came
into the market last week for sale. Thus
far the Bulls nave been enabled by the ease
OF Money to carry all the Stock that was
offered; but the load is evidently becoming
too heavy for them. Illinois Central was
supplied so freely that it fell, at one time
last week, nearly 7 per cent, and it is still
GeaIer here than in England. Every. thing
else declined, though not to so great an ex
tent. No data exist upon which we can
form a reliable guess as to the prices which
are likely to rule hereafter in our Stock
market.
The political and military crisis is without
precedent in our history. Neither the war
Of lS47 nor that of 1872 bears any COMPARE
son with the civil war in which we are now
embarked. Neither of the two was neces-
sarily fatal to our internal industry and
commerce.. Neither dislocated the joints of
trade, as the present war is doing. Neither
Of them placed the very existence of the
republic in jeopardy. The principal com.
mercial characteristics of the war which has
now begun are a total destruction of the
enormous trade between the North aud the
South a reputation by the South of a
large sum of money, variously estimated at
from six to two hundred millions of dollars,
due to the North the compulsory failure of
the bulk of the great jobbiDg and importing
houses, TO whose enterprise and wealth the
growth and prosperity of New York have
been mainly due the probable suspension
of the bulk of the Northern Banks, in cou.
sequence of the worthlessness of their assets;
sreduction of from fifty to seventy per cent.
in our foreign trade, in consequence of the
stoppage Of exports of Cotton, Rice and
Tobacco on the one hand, and a general
diminution of consumption on the other
the Obstruction of the credit Of States which
have nearly two hundred millions of bonds
efost; the withdrawal of nearly a million
Of men from productive agricultural, in
dustrial or mercantile pursuits, and their
employment in the ~unproductive occupation
OF warfare and the creation, for the first
time in our history, Of State and Federal
debts bearing some proportion to the debts
Of the European monarchies.
These are the obvious and certain features
of the war. In addition to these, other and
equally grave commercial complications will
Srise, should the war 1t the South lead TO a
general stampede of negroes, aud 80 imperil
The future agriculture of that section or
EuOuIu OlSdb DllIhlu pSIscNbI0 IN q pOLCJ VI
secret sympathy with the South, and compel
the United States to declare war upon her.
Mondays New York papers thus refer to
Financial affairs in that city:
Money is as abundant ss ever at sac per
cent. on the pledge Of the right kind of
Stocks. Mercantile Paper of the highest
grade is negotiable at COT per cent. for short
and soc for long Paper. But the names
that will pass at these rates are very few,
Jobbers' Paper, which gives the tone of the
market win hardly sell at any price. The
fate of merchants lately engaged in a South.
ern trade has been sealed by the recent act
of the so called Congress at Montgomery,
which prohibits, under heavy penalties, re-
mittances TO the North in payment of debts.
From this decision there Is no appeal excep!
to arms and there is every reason to fear
that when this war is ended the people Of
the South will not have the power, if they
had ever SO much the will, to pay their debts
On the other hand, collections in the West
ere blocked by the Currency crisis.
Foreign Exchange rose in the early part o.
last week to l06@A for Bankers Bills, but
fell off for the Saturday steamer, and closed
dull. We quote Bankers Sterling at 1857
OK and Francs at 5,35@40. Good Produce
Bills-Which are scarce-are taken by the
Bankers at about l05. The Exchange mar
bet is governed chiefly at present by the ab.
solute Inability of importers TO remit. Blu
for this the blockade of the Southern ports
and the cessation of shipments of Cotton anC
Tobacco would obviously have caused Bill
to rise above the Specie shipping point by
This time At this aeaaou of tha wear W.