The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-11-23
New York Market.
MONEY MARKET.

u
The New York Evening Post Of Wednesday, No
yember Goth, says:
There are two prominent topics in Wall street to-day
the currency the national banks AS to the curren-
cy Congress- it is said will be urged to stop
by from al parts Of the country wnicn wiz 10
difficult resist 1he West is claimed, Will rase tns
CRY Tor more greenbacks compromise, the sop
page contraction the lesser of the TWO evils WIZ DO
conceded until iurtner experience ID gained ana more
judclous methods are devised. .
As TO the national banks there two opposite
schemes which would cancel the currencyssulng
privilege and replace the bank notes by green6acEs;
wnIe other would not only continue 70 me panKs
existing privilege but would extend II 30 Is 10 per-
mit uuder restrictions, further ISSUE Oh hfy or one
hundred millions. The.e restrictions are, hrs tnat al
banks shall redeem New YORK; and secondly that any
applying for The issue 0f currency shan oe-
pcsit bonds Washington 10 hrger amount than at
present.
But as these bonds are deposited, not security to
the notehoder, but security to the Government for
endo sing the no 1t is quite OBVIOUS tnat the project
OF imitation by national bang notes lib the most oDecuon
able ol all the methods OF deprecAting ne currency
whi, have been recently proposed. AL these projects
have menuonec Will no doubt BIZ proposed, TO-
getner with multitude OF others, out congress- Dc
neved will complete currency Dgslation ut all before
Christmas, except INDEED, temp orary stop oe put 70
contraction.
as for daye past and apparently ot the same ar-
fetal " sringency Gold interest Is In some
paid or currency interest Gad commits ion be-
Sides One explanation of the monetary pinch ls that
combination formed few days ago, by which the
spectators borrow three millions, with view to their
coming operations and that the singency has been pro-
duced partly by the calling in Of the money wnoh had
for tune been lending in tho street. and partly by
skul maneuvres on the part Of this clique OF operators
TO disturb the quotations and depress the tone OF feeling
at the stock Exchange Whate truth there may be Ii
these conecues certain that the locking up
rency in the Treasury generally believed to have aided
in increasing the symptoms Of srngency The discount
demand Is small, choice bills passing at 7 10.
PRODUCE MARKET.
NEW YORK November 20-FLouR, &c.-The market
for Western and State Flour opened quiet and un-
changed, but closed easier.
The sales are 800 bbls at SO So 40 for superfne
State SO 65 ~ for Extra State; $40 05 10 40 for
fancy State 50 40 s5 for the low grades Of Spring
Wheat Western Extra 50 rs 10 70 for shipping Ohio
$40 so ID 4O trade and family brands, and Sl1
l5 80 for st. Louis Extras.
southern -Four is lower saei of 1000 bbls at 50 rs
IL IS for Ordinary good Extra Baltimore and country
$40 80 IA for Extra and Family Georgia and Virginia
and sl1 rs Z IA so for common to choice Extra and
Family Maryland and Delaware
Corn opened much stronger, but ere the close, with
moderate demand, prices fivored the buyer. The de-
mand is cneay for the home trade,
The sales are IS, ,750 bushels damp and unsound at
81 81 q So; Western mixed at 81 IS s1S7 in store;
81 SIX SS,s afoa Southern white at 81 40, and Jer
sey (new) yellow at 81 20 at railroad depot
PRovIsIoSs-Pork Ia heavy and very dull the only
transactions reported being $50 bbls mess regular, at
go go. and $50 bbls in job lots at S21.
Bacon remains dull and heavy. Seles of 100 boxes
Western Cumberland cut for January At 1896 Ito boxes
city, on spot, mostly long clear, at l2H 13c.
Lard has been rather acive but prices easier
Sales of 1850 bbls and tics OF 1870 for No IS 1870
for city IL 1SH Tor fair to prime steam, and 1914 l3Hc
tor kettle rendered. the latter for job lots from store; and
13xc for new lard.
CoFrEE-Ro is firm, but the market is quiet Other
kinds arc dull and nominal We quote Rio prime u u
49,; Rio good l6A 16Xc; Rio fair AK 144c Rio or
diuary l2H lSHc; Java 26 S5hc; Maracaibo l61S
l7Kc Laguayra IL 17Xc; st. Domingo Is 1910; Rio,
fair good cargoes, IA l6c Rio fair to good cargoes,
in bond, 10 IL nc.
COTToN-In the absence OF news from Liverpool the
market is not active as yesterday but holders are
nrIn in their views. We quote: