Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-01-14
MONETARY AND COMMERCIAL


n
week will depend upon the character of the |
news received from the South. Should 1t
be very unfavorable Monetary matters will |
be unsettled here, and capitalists will be un- |
willing to loan OF invest which will render
the market as stringent as it was in the early
part of December. Our Bankers feel uneasy
now respecting the future and commercial
enterprises are not undertaken because Of
the prevailing distrust. People seem to
think the present political troubles will pass
without any serious consequences, and we
hope they may but they look darkly at
present
Eastern Exchange, unless the supply in
oreases speedily, will advance this week,
probably in day or two, q or q prem.
We look for no alteration in New Orleans
Exchange, but think Gold will be higher,
and that the rates of discount for some Of the
uncurrent Banks will be further advanced;
as this political excitement and prospect Of a
contest between the Secession forces and
those of the Federal Government decrease,
confidence in every thing, and, if long con-
tinued, must entirely paralyze the business
of the commercial community throughout
the country.
The condition Of the Hog market will be
regulated by the events now transpiring in
the South. If matters look more pacific
there, and the foreign advices are good,
Hogs will advance, we presume, beyond
, their present prices.
Fridays Philadelphia Ledger observes:
The supply of Money continues large, and
| rates are rather in favor of borrowers. The
I | Banks are much relieved of the pressure
upon them, and are now doing most OF the
4 | good short Paper offered. Street rates are
. | steady, and the market very quiet. But
\ as Stocks are believed, in many instances, to
!, offer better margin for profits than Paper
y | at 10 per cent. much capital finds its way TO
a the Stock market, and thus stiffens prices.
a Call Loans are made at per cent. on ap-
\ proved collateral. The Banks continue to
g meet the demands coming from the retail
: trade for Specie, so that no inconvenience is
4 | experienced in that quarter, and suspension
is scarcely felt by the public, and is, we be-
d lieve, hardly acknowledged by the Banks.
b In the Boston Money market there il
n nothing new-not even mercantile Paper
!, and the Banks are seeking for outside Gus
A toners. Among the Brokers good Paper il
y readily discounted at and N per cent.
+ Saturdays st. Louis Democrat remarks
q respecting Friday;
a The Exchange market is higher to-day
" Dispatches from Chicago, quoting an ad
n vance there of Eastern Sight to per cent
a premium for Currency, caused an advance
to here. The following are selling rates here
u For Gold. B'Eblsfds & Ca'
Sight on the East........K prem. prem
sight on New 0rleape... prem prem pen
-. Sight on On 8 LOUSY. Oh prem
u From the above it will be seen that Cur
rency and Bankable Funds again rule alike
:, Ohio, Kentucky and Indiana Money
- bought at per cent. prem.
re Gold was bought at all prices to-day, fror
u, | 2(G6 per cent. prem. 1t is now worth Dig
a per cent, and Silver per ceut. less tina
20 this.
le Discredited Illinois Money is unchanged
y not being taken by Bankers, but passlp
f currently in trade. Money is rather tigbte
N than it was, and it is difficult to get None.
n- except on bona fde business Paper, some c
lie which is taken daily by the Banks, in NOV
n ing the Hog crop, Corn, Wheat, &c.
az The regular daily advance of l per cen
e. in the sale of Exchange was made in Chicag
on Friday, with sales at 7@s per cent pri
y. MUM, and fair prospect of its going to th
Nv old lO@ll per cent. rates. Currency in fa
id supply. Gold in limited demand:
by CHICAGO GRAM AND Hoe MARKBT-Frida
In EUening, January 1l.-Receipts of Flou
'al 2669 brls. market firm and advanced &c
sales 100 brls. Beloit City choice spring el
p- ira; 24b brls. Northwestern and 400 brls
n brand not named, at $4 So, all delivered; q
~, brls do. at $4 2712, on track; 100 brls. do.
ny $4 25; 100 brls. Cook County at $4 %; q
lls brls Caledonia at 81 25; 100 brls WaupeC
mt City at $4 10; 67 brls. Elkhorn superfine
re, So 40; 300 brls, brand not named, at So, q
Ha delivered.
Receipts of Wheat %, 50l bush; mark
al witt out material changes sales $500 bus
Northwestern club at SIC; 1000 bush. do.
ne 821Ec, all in stores 5000 BUSH do. at S6c,
me- bags, on track; 1000 bush. No. spring
IN s0%c; $500 bush. do. at S024c.; 4,500 bus
'cK do. at Sic; 1000 bush. No. 2 spring at 1914
IN l4OOO bush. do. at 76Ac; 5000 bush. do
ly. 76Xc; 1000 bush. do. at TIC, all in store.
ne Receipts of Corn 32,636 bush; advance
IN 16(Glc sales 700 BUSH mixed at 2S1zc.; 2I
tne eco bush. do. at 29c.; 800 bush. do. at 294
out 1000 bush. do. at 2913e. $50 BUSH, rejecte
eew at 26c., all in store.
ne Receipts of Dressed Hogs to-day 2,6(
ur- advanced l2k9l5c: sales 50, averaging 2
les, pounds, at $5 3d. "a, averaging 240, at So
an 10, at 26O, at IS So II, averaging 33O at
an 20, averaging 29o, at Sc; 96 at 50 6OI95
"a dividing on 200; 20 at $5 5000 80, diVidi
ana on 200; l04 at SIS 50@5 s71z, dividing on 2
m m 325 at SIS 5e@6, dividing on 200;
IS as Live Hogs are active and firm, and {
4 OF on vanced 5@lOc, with sales of heavy Hogs
Ell Ell 81 s5@4 80.