Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-03-27
MONETARY AND C%OMNTRCIAI4
F,nsuoIar1mkYrs.

WIS at the close OF last week tne emOuut
on hand being sufficient TO transact all the
legitimate business doing. oIsdf T7'ie.r
Bastefn Exchange was quite firm ct no
4Oc. buying, on the leading cities, and 4
prem. selling, on all points. New Orleans
Exchange was very dull at K9l dis, buy
ing, and par selling, while Gold was dis
posed Of in a moderate way at a prem.
EIn Uncurrent Money there was no change,
but it was somewhat heavier Missouri
selling at 3@3H; Illinois and Wisconsin, 8;
Wheeling City, s@3X; Wheeling Branches
and Eastern Virginia, 4 discount.
Flour was dull and unaltered; superfne
ruling at 81 80. Whisky was in better re-
quest, without variation in price. Groceries
remained steady and unaltered. Provisions
were quiet and there ware no sales of i'm
p~ortance in any article. Wheat was in good
demand and firm. Ear Corn was steady,
and shelled dull. Rye was steady. Oats
dull, and prime Barley &c. lower.
The Imports and Exports of various arti-
cles, during the t~wentg-four hours ending
yesterday noon, were:
lmpors-Apples, 29s barrels; Barley, 2,l76
bushels; Butter, 62 pkgs; Corn, 1886 bushels;
Cheese, 1856 boxes; Coffee, LAS bags; Clover
seed, l76 brls.; Flour, 1850 barrels; Hay, 165
bales; Hogs, $50 head; Lard, 354 barrels and
as kegs Molasses, so barrels; Oats, 5,029
bushels; Pork and Bacon, y hhds., so tcs.
1l3 brls, 79 boxes, and 302, 1873 pounds;
Potatoes, 500 barrels; Rye, l27 bushels
Salt, ECO barrels; Wheat, 1850 bushels;
Whisky, 2,46s barrels.
E1p0rts-Apples, s4S barrels; Barley,
$50 bushels; Butter, 67 packages; Candles,
563 boxes; Cheese, Gil boxes Coffee, 3SS
bags; Clover-seed, rs barrels Flour, l,455
barrels; Lard, 392 barrels, u tcs+ Molasses,
254 barrels; Malt, 200 bushels; Oats, IsS
BUSH; Pork and Bacon, 329 hhds. 3lS
~tierces, 306 barrels, and $50 bxs.; Potatoes,
341 barrels; Rye, 500 BUSH; Sugar, % hhds.;
Salt, 1913 brls.; Wheat 22S bush; Whisky,
$50 barrels. ..
Yesterdays Louisville Courier says Of
Monday
In the Provision Market there is no change
of Importance to note. The demand for mess
Pork is fair for consumption, and the sales
to-day reached 365 brls. at Sl7 for city
packed, and SIC rs for country brands. At
the close of the market holders were firm at
our quotations, but buyers are still holding
off for a decline. Though but small sales
can be effected at our quotations, yet, at a
slight decline, large transactions could be
made. The demand for Bacon is good, and
the market closed very firm. The sales to.
day reached fully l00hhds. at 71zc. for Sheul-
ders, 9Ac. for rib, l0Hc. for clear rib and
1OAe. for clear Sides. There was some in
Guiry for Lard, and 100 tierces prime sold
at SC.
Mondays New York papers have the fol-
lowing:
The effect of the pending political crisis
upon the of the country is wit
messed in the reduced importations at this
port for the week which ended yesterday.
By reference to the table given below, it will
be seen that the importations of last week
were less than half those of the correspond.
ing week of 1860 or 1859. The exports last
week were large as usual, but the excess
over last year is now diminishing week by
week. In other words, the trade Of this port
is steadily declining, and with the prospect
that a prohibitive tariff will go into effect on
this day week, it can not fail to continue to
decline. The only redeeming feature 10 the
prospect is the curtailment Of consumption,
which reduced impertatious involve.
The country at large is consuming less
than usual, and will continue to reduce its
consumption until the present imbroglio
be settled, and a proper tariff enacted. This
general economy must tend to increase the
general wealth of the people, though it
deprives vast numbers of the employment
on which they rely for a living. The move
ment of Specie continues very light; all
that goes abroad goes to Havana. Should
Exchange continue to advance, it is possible
that Specie shipments to Europe may be
made in the course of a few weeks, which
would lend to relieve both the s%tringency of
the European Money Markets and the over
laden Banks in this city.
The following are the comparative Gus
tom-house tables of the trade Of the port for
the week and since January l:
IMPORTS.
For the reek. 1859. 1860. 1861.
G ScH rs Rd n:;fr7sasniinsc. a. 81 ISS i a;s7525 l, 49, !s
Total for the week. 5000 26l 4,437,5O I,8sO,O77
Since January l......s5l ,sg7,87O 56,6lS,34 4~l,455,72i
EXPORTS OF PRODUCE AND
1889. 1860. 1861.
P Fisv f6S S4 fsp5rfsd: l]d d,a55 IS %l 5,SSS.S4 3 s'4 80. 9ss
Since January LIS ,5i7s52 I7.Os9,O2i 28,g6I,4I
EXPORTS OF SPECIE.
1859. $3.50. 1861.
For the week."",.... S s7O,579 429, $50 gl,I6l
Previously reported. %e,l5i,s27 a.O776O3 l~S6O,isi
Since January l...... s7,O25, 400 $780, $50 I,4sl,3
Mondays New York Herald observes:
III bhO COuISO VI d lew uhlS we Suull cease
to receive specie from England, unless Ex-
change declines here. But before this hap
pens the Bank reserve will be sure to rise
above $40 00, 900. TIL Loans do not vary
much; last week they stood at 1922 600, 925,
a decrease of 800, 100 from the week pre-.
vious. The Banks continue to experience
great difficulty in filling up their line, in
consequence of the general liquidation in
business which is going on, and the scarcity
| nf MaFnanflta PannF All fha raa11u EH1t
class Paper is picked up at the Discount
Brokers at about 6 per cent or under; even
single names, which, a few weeks ago, would
not pass under 2 per cent. a month, are now
current at about Z. On call, the Money
market exhibits increased ease. Some
Brokers refuse to allow over 4 per cent. for
Money, and at 5 the supply is beyond the
wants Of the street. 1t is evident that we
are going TO have a very easy Money market
all Summer.
There has been another movement in For
eign Exchange since our last weekly review.
Commercial Bills have almost disappeared
from the market. The Southern banks are
holding back their bills, in the hope of get
ting hereafter a better price for them than
they could at present; and consequently the
bankers have had to look elsewhere for Ex-
change. Rates have risen, under this press.
uIe, from LOG last Saturday to lO7% yester-
day-at which price the market closed firm.
Comparing the price Of gold here with the
Mint standard in London, and allowing for
loss Of interest, freight and insurance, it APP
pears that, until the Bank of England re.
duces the rate of interest, Specie could be
shipped from here to London, without loss
against Exchange at 1881.
Ii, therefore, the market should advance
another one per cent. this week, we may wit
ness some specie shipments before Saturday
next. This, however, supposes that thu
Bank of England does not reduce its rate
a very unlikely thing. Private letters from
England state that the recent advance in th,
J Bank rate caused great dissatisfaction il
mercantile circles, and that, on the first init
nation of an adv ance in Exchange here, tn,
Bank would reverse its policy. Since then
Bills have risen here from az TO 3 per cent
It is evident that the reduction in importa
fions at our nOrts must diminish the demanl