Year: 1861




mand being very light from acceptable borrow
ers, the money market has ruled dull and easy at
10 per cent. for first class local paper, and SOLO
do for sixty and ninety day bills on New York,
of which the offerings very light indeed.


The market for exchange, which was dull, du-
ring the forepart of the week became frmer, to-
ward the close with an improved demand, but
rates have not changed in any essential particu
lar. This improvement must be regarded quite
temporary, however, and no advance need be
looked for at this time, but rather the reverse
The demand for gold has been on a limited
scale. We quote:


Buying. Selling
New York. -...--.......... par. a prem
Gold ..................... Is prem. p prem


There is very little doing in uncurrent money,
as there is not much offering. Kentucky and In
diana free bank paper is being circulated in busi
ness at par, and therefore is not being submitted
to the shaving process of the money dealers, to
any great extent, and as regards Western cur
rency, there is little or none offering.


1t is now the 18th of November, and yet there
has not been enough done in hogs, on the spot
or for future delivery, to constitute basis for
quotations. Packers are holding back, and do
not offer over 50, and even this rate could not be
sustained under n moderate pressure to sell.
Feeders, on the other hand, can not bring their
minds down to this low rate, and prefer waiting
a little, expecting that something may arise to
bring forward buyers. Taking the views of both
parties into consideration, there can be no doubt
that the whole question depends upon the success
or non-success of the United States army within
the next thirty days. If there are no indications
that the Southern States will be opened mar
ket for pork, before the middle of ext month,
prices will very probably rule below 50, for deal
ers say if there is no Southern market, the great
bulk of the pork packed the present winter will
remain dead stock on hand, no matter how low
the price is; and as regards foreign demand, the
whole quantity which can be disposed of abroad,
without reference to price, can under no circum-
stances be but very small proportion of the en-
tire crop Lard and middles will be taken to
fair extent, but what is to be done with the hams
and shoulders?is the question heard on all hands.


If the expeditions which have been and are
being fitted out to attack the coast of the rebel
States succeed hogs would bring $4 and, per-
laps higher, but the great uncertainty connected
with our military operations, so far, will prevent
speculations in pork or any other article of pro-
,iuce based upon anticipated military results. If
there is no Southern market, 50 is high price,
whilst, if we shall have Southern market, the
profits made at this price would be enormous.
The weather has not been suitable for packing,
so far, but even if it had been, there would be
nothing done of consequence, as there is far
more anxiety to dispose of the old stock on hand
as prices equal to about 50 for hogs than to take
in fresh supply. Except the inroads made in
South Carolina by our forces be followed up with
further achievements, and il becomes probable
that the rebellion is being gradually but surely
crushed out. there will not be much done in the
packing line until December. There have been
some hogs brought in which had been contracted
for last winter but the total receipts so far be-
yond those usually brought in to supply butchers,
do not exceed 5000 head. The packing business
generally commences about this date, rarely la
ter but often earlier.


The following Is the average price for the past