New-York daily tribune., 1866-02-12

-
their balances in spy other way than for brief PERIODS
and the same policy induces them ~ select thort oaSu
paper from the lists offered 20 them for discount, -
the streets there are not many notes OF hrst-cass
for sale but there Is good demand for tneln aSu W
best double names passed ~ u per CENT "4'H '
dong IN the lower grades.
The Cincinnati, Com paercia, OF Thursday reports:
Exchange was sound 10 DC In good request today
and rates q little more firmly maintained al PIX ou! ns,
: DC. per 81 900 selling The demand loi monty "a'
fair todayat " the bankers peeI .ht .b 'p
several days past " il thongnt hO"t'eI, ena' tno
market works easier and conhimatory OF inns 10 e IN
creased disposition on the part OF outsders '" invest I'D
Government securities
The Ckicago Tribune OF Wednesday says:
Tho densnd FOR money to-day at the various discount
houses was less active than yesterday and me marker
ss scarcely so stringent formerly but IL by no
means easyhe pressure IS only less seTere. Some OF
the bankers having received heavy supplies OF currency
from New-York and Cincinnati, accommodate ther
customers Guite freely While others make close as
elimination Of names. The rate C discount at the oaDkS
steady 10 per cent per annu but street rates are
firm at 62 per cent per month. Owing 10 the IN,
creased supply OF CURRENCY there Is better denianc
for Eastern exchange and the market ia finn at aliO
discount buyipg AID paI selling R0und lois were ln
good demand among BANKERS at llO discount Dut lew
were willing TO sell below psl'
The same journal has the following remarks Oh
the hog trade:
There considerable anxiety manifested IN conn sr'
cia circles with regard to the future receipts OF h"ss
~ this point For Two days past the receipts hnNe
been unusualy hight end the estimates fOr this week
range rom so G 10 5c 900 Under this state OF opinion
holders Of hog products sre more hopeful ana the ma
kets oil over tue country sIe hrmer N
is generally thongbt that receipts VIII now d"inoie
down 10 g. 900 or 100 dolly. The sdvIces from Iowa
woud seem TO indicate that the run was over Tor tae
season. but there are numerous pieces iu ,io mi
west whore il is reported there Is yet iair sgPpy.
One thing Is certain the hogs which have arrived mere
within the past week have been much lighter thah we
average Of the season. ard this is said 10 be sn ubs
taxable sign of the end oi the crop
TIE Mobile Tlmes of Sunday la't reports:
Ro.iness generally during the plst week has been
octi, snd the sales and shipments OF cotton large
Monet is not very plenty but sufficient 10 taks e e
FS change Offering the rates Of which improved early
in tne woes but have since receded, particularly IN
sterling which closes very heavy al declining rates.
There has been far demand for coin and rates nave
varied from l40 o. l42 closing with foir demand ~
quotations Gold closed at liOd l4lt ana sh'e, at lob
al31 Sight Exchange on New York, al round suDs'
a per cent discount; FIVE days sigb s0l oscOuh
bank and bankers rates, sdi discount. lerie IS 10
demand for bank notes. and stocks OF Oil blhur are
neglected.
Under the present condition Of commercial a.
fairs. combinations to put up prices Of any article
cannot succeed any better than individual ehort'
and they will surely :" come to grief" The great
financial tide is toward lower prices, and thongh
upon the surface and in limited spaces little nipples
of reaction may be observed it isnone the less GER
tain that the tide is falling. After the Rebellion
was under full headway the currency was denoTa'-
lied bv issuing legal tenders by hundreds OF mill
ions. at various times, a process which advanced
the price of commodities with great rapidity max
ing their holders nominally rich by the increase o
market prices That state Of things IS happily
ended, and the nation in IFS large way and It's cit
izens. each in his sphere, have commenced TO woTs
hack TO natural values. The nation, through the
power of taxation, is able 10 place the cost OF tht
L, bcllion in a form where it can be steadily pa.o
of by forced loans in the shape OF taxes upon oil IL
dustries a process which will not harm the nationa
credit. Private individual working back to specie
pay1nents and natural values, cannot escape senou
losses. and those who havo been adventurous
during the year and were left with debts at its close
are in fair way lose, not only the profits mad
bv the rise IN 7auo ander the stimulus OF pape
money, but the profits OF years OF ordinary business
These losses viii NOT come by violent spasrns
but with the effect of our commercial staguation
and " dry.rot," !" such as low extends over larg'
portion of the country. While the currency wa.
being inflated the short road 20 great nomina
wealth was found in buying everything and keeping
40 idle money. We have now reached The POM
whom the currency is TO be reduced, and where The
owner Of money has positive advantage over alI
who have debts 10 pay or goods TO sell.