Commercial.
The New York Journal of Commerce, of Thursday afternoon, says:
‘
We regret to say that the condition of things today is still more discouraging, and that the attempt to make the best of present circumstances, has given way in part to angry accusations against the instruments by which this state of things have been brought about.
The demand for money is still active, and the street rates are very high, little being done below 15 per cent. per annum, even in prime endorsed paper.
Foreign Exchange is unsettled, but prices are lower, and both banker's and commercial bills could be bought at a farther decline.
The
Stock market again broke down, and there was almost a panic among sellers, without drawing out any eagerness on the part of buyers.
’
The Baltimore American, in its commercial report, Dec. 6th, says:
‘
There seems to be no present prospect of an improvement in either financial or commercial affairs to-day.
Money on, the street continues tight, and it is with difficulty that sales can be effected.
We still quote first-class single-name paper at 1 ½ per cent., but prime endorsed do, may be quoted at 1 per cent. The
Banks are still doing all they can to relieve the immediate wants of their customers, but at the same time are acting very cautiously.
There was a much better demand for Exchange on New York to-day, and rates are firm at 1 ½ to 2 per cent. The same state of affairs existed on 'Change to-day as has been the case for some days past, namely: extreme dullness and apathy.
Although Flour was offered at lower rates, shippers evinced no disposition to take hold; consequently, the market closed dull and drooping.
There was an auction sale to-day of Sugars and Molasses, but owing to the want of spirit in the bidding, only a portion changed hands, and that at greatly reduced rates.
Coffee is also moving off at low figures, but in other articles we have no material change to note.
The
Stock market was very much depressed to-day, and Railroad Stocks especially show considerable decline.
The sales of the Board were heavier than yesterday, and footed up fully $35,000.
’
Northern Markets--[by telegraph.]
New York, Dec. 7.--Stocks dull and generally lower — New York Centrals 70
Virginia 6's 74;
Missouri 6's 61.
Sales yesterday of $8,000
Virginia 6's at 76; $31,000
Missouri 6's at 66 @67, and $3,000
Tennessee 6's at 72¾ @73.
P. M.--Flour unsettled.
with a declining tendency--Southern nominal.
Wheat lower and unsettled.
Corn declining — new yellow and white 60@61c; mixed closed with no buyers at 58 @60 Mess pork $16.75; new do $17@17 50: prime $10.75@11.
Lard heavy at 10 ½@10 7/8 Whiskey 17 ½c. Turpentine 32@33 Rosin at $20, delivered.
Rice heavy at 3 ¾@4 Ȃc. Stocks lower and closed firmer — New York Centrals 69 ¼ :
Virginia 6's 74;
Missouri 6's 62 ¼
Baltimore, Dec. 7.--Flour dull and heavy —
Howard and
Ohio $5.
City Mills held at $4.75.--
Wheat dull and nominal.
Corn steady — new white and yellow 60@61 Mess Pork $17 @17.50.
Lard 10 ¼c. Whiskey 18
