The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-08-20
New York Market.
MONEY MARKET.

MONEY MARKET
The New York Commercial Advertiser of Saturday,
August 18th, says:
The money market continues easy. The process Of
withdrawal Of funds to the West however has set In,
the loanabe resources of banks have been drawn
down somewhat, nom this cause during the week. The
banks however still hold large surpuses, and ready
to lend at per cent on average stock collaterals
The Compound Notes, due on the 18th, are coming In
from the interior banks quite freely The SubTreasury
pays In redemption about onehalf Legal Tenders and
the balance in bank currency Should this ratio be
maintained In the redemption Of the whole $40 900 600
outstanding the result viii be virtual withdrawal of
So O00 900 of Legal Tenders The loss will probably be
widely distributed but the effect must nevertheless be
percepble In this market the monetary centre Of
| the country.
There is more active demand for funds for trading
purposes which Is generally responded to by the banks
which appear very generally to anticipate fall trade
devoid Of special risks Prime paper is current at 6s
We are crebly informed that the defscatons on the
Tradesmens Bank Lot likely to exceed the estimate
made yesterday, viz $4,000 The bank holds assets
which expected to reduce the net loss to $500
| PRODUCE MARKET.
NEW YORK, August l7-2 P. M.-FLoUR, &c-The
Flour market s more active and unsettled for new, while
| old still tends upward.
The sales are 2 600 bbs at ST 5O@ss 25 for superne
Choice do 81 5o@$s 25 for superfne Western; SO 600
S1 90 for common to medium Extra Western $1 2O@Sl3
Is for choice 50 60@S11 Is orcommon to good ship
ping brands Extra Round Hoop Oho and s1l SO@sl2 Is
| for trade brands, the market closing quiet.
Southern Flour Is quiet Sales 600 bbls at s11a14 25
| for common to choice new.
California Flour is quiet Sales 1850 sacks and bbs at
| $12 60a14 90.
Corn Meal is in moderate demand Sales 500 bbs City
at IS g. and 200 bbls brsndywine private terms
GRAn-The Wheat markets. o shade frmer with fair
demand Sales 900 bushels at 81 2Oa2 35 New Am
Southern; 50 3Oa2 35 for New Amber States 50 so for
New White Southern; 81 5Sa2 65 for New White Mchi
osn the latter price for Extra So so for New White Gen.
esee and s2a2 Is for No. Milwaukee
The Corn market is active and excited, and 2a3c
better Sales 234 900 bushels at 81 12al II for
Mixed Western: 81 Is for high mixed, nearly yellow;
81 O7aI II for unsound and ST 16 for white Western
Oats in moderate request S'les a. 900 bushels Mt
s1sS5c old Western, sOa9sc for Ohio and 85a92c
PRov1s1oNs-The Pork market is heavy and lower.
Sales 1900 bbs s23 2a2s 25 for New Mess closing at
IS Is cash. 500 IS for Old Mess $40 75as20 for Prime
Beef is Arm sales las bbls at slsas24 for new Plain
Mess, and $23a28 for new Extra Mess
Beef Hams are dull at $39a40
Cut Meats are quiet Sales 1l8 pkss at 1Oal1 5c for
Shoulders and 15a16c for Hams
Lard is firm. Sales $50 bbs at 124a1a'sc Small lots
at 1870.
Butter is steady at 1ca25c for Ohio and 15a32c for
State.
wH1sKEY-Is quiet and unchanged.
RroE-Is quiet and prices slightly favor the buyer
Sales since our last 400 bags Rangoon at 9Aas75c.
CoFFEE-Is steady with moderate demand. Sales
since our last 1000 bags Rio, in bond, at CSC.
SUaAR-The market is firm, with moderate demand.
Sales since last 1000 hhds at hal2c for Cuba
N'-~o' ~to
boxes Havana at 12a13hc.
Mo1AssEs-Is steady but quiet Sales since our last
am hbds at 47c for Muscovado and Trinidad private
terms.
TEA-Is quiet. Sales 27oo half chests Green at full
Corros-Is without decided change Sales 200 bales at
2Shc for Middling Uplands.
Messrs Cornwall & Zerega, in their Weekly Circular,
thus quote the market:
Our market for the week has been regular, without
change in quotations. closing very firm. The demand
has been from spnners. with some speculative demand
and small sales for export There is fair amount
OF Cotton Offering on the market with holders very hrm
and no offerings under quotations The exports from
this port for the week are ss bales No engagements
next week. Freghts by steam sd; by sail I'd nothing
onerng The receipts at all ports for the week endlng
10 show about $500 bales There are well autnen
ucaed advices OF the appearance Of the cotton worm IN
some portions OF Louisiana and Texas with these e1cep
uons the reports of the growing cotton crop are fyora
PIE Inc Dry Goods market is decidedly more acnVe
but without Improvement in prices.