Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-06-11
COMMERCIAL AFFAIRS.
Monetary and Commercial.

Monetary and Commercial
Tbs supply Of Currency increased last week
with the Bankers and the probability is that it will
continue to augment this week, tho season for an
active demand for Money is about over. No doubt,
the demand will be good up to the 4th prvx, but
there will be no closeness in the market Rates Of
Paper will undergo alteration this week, and 10
per cent will be the price for rstolass Paper as 1t
has been for fortnight past; good names still going
at l2, and occasionally at higher figures in outside
quarters.
Eastern Exchange will probably continue at the
former rates-S buying and X prem. selling, with
No activity will be experienced IN Gold, though
dealers will pay prem for shipment, and New Or
leans Exchange will remain nominal at irregular
rates.
It is not likely that any alteration will take place
consn notes decline y, by reason of lower rate Of
Exchange in Chicago, which is not at all inpro-
General business in the city is fair for the season.
and though collections are rather slow with our
complaint to make of their trade.
Rates Of Exchange aud CUin at the close Of the
week were
New York siSht..."...... sCg!sc. prem. y prem.
nhLanelpnia "' .-.....'...,be94Oc prem. n prem.
Bueton.....-. ..Dq-- prem. n prem.
sss,s6m9ss ssM 6SIssn: Prem Prem prem ~
American GoidH prem E@foc Prem prem.
Time.bills viii, as the supply Of Money increases,
yesting their idle funds during. July and August,
having few opportuntles to buy local Paper make
Rates for the present are irregular, and we quote
as the best price per cont for thirty days, and 79
for sixty and ninety day bills On the East, and l0dl2
for drafts Of the same length on New Orleans Tho
general rate however, Is higher for bills on both
points by 2@4 per cent. per annum.
Fridays New York Evening PoR observes:
The rates for Money are tending downward, and
lenders who have hitherto been able to place their
Ss %& per- cent o@ tS psr to
is bee9nlng common rate In the open market.
bills -
Exporter says:
few goods being shipped in any direction Trade
thus far the present year has hardly realized the
and shoes have fallen n 90 cases, as compared
with last year. The manutactuTsrs are generally
only busy on ordered gOods, aud from appearances
are led expect q smaller supply OF snues than
usual foT the coming autumn sale. The total ship
menn OF boots aud shoes BY rail and Sea for the week
is 6,035 cases.
The Chicago Prsa and 7i1bnns in the ast-rsoeived
issue, remarks:
The m market ,S;: for EEshsnss I oging easier every
majority were opposed 70 the change. The closeness
that our surplus here would at once be drawn down
II a decline was permitted. The demand is now
improve, present hsures can not be maintained bo-
eommOdatlons are offered only to a limited extent
Gold IL, with few sales. Outside the Bankers
thSrs is very little doing and rates are nominal at
Saturdays Missouri Democrat informs rs, in regard
to Monetary matters In St. Louis:
The demand for Eastern capital, on real estate Sc.
curity, b not 50 good as 1t was tew weeks ago This
payment Of interest In Eastern Exchange, which
such loans contemplate, is not a beneficial thing TO
TSST0 pGSS Time offered and
tSsh o Ss & S they hsRs
II premium to their regular customers.
Sight on tho East, however, is scarce, and both
Is not prctabIs to dealers, The tOSdsncy Is Upward
The state savings Association alton quotes lite selling
For Gold B'kDle F'ds. III &Wi.s.
SsF; Siss ed iSsis4sSS S:$ SE:$ S::$
Some gilt edged real estate Paper was negotiated
to-day on the street at Il per cent per annum,
we're s,sgi All silver, slOO2sl 81 total, sIOs2 Is
The coinage vas gold, Loo eagles-$lO,OOg silver,
total, Ss6,956 Is.
Fridays New Orleans PiOayune says Of Thursday
last;
The demand for accommodation was quite. re-
srctod at most Of the Banks this morning. and there
hands OF Bankers. Rates Of Discount were nominaly
favor OF borrowers Stocks and Bonds continued at
astand, and We did not hear Of transaction in any
as chsraeteristc of the Exchange market still in-
oreases and the movement for the day includes no
Offerings Of ali Glasses Of bills arc still exceedingly
Hmitedi but they prove ample for the demand which
tons exhibit no variation Of any kind, but dnrne
the prevailing inactivity they can only be viewed
ssrnE bs and GpPess o II bank rates for
direct remittance ll0@lloHi bll Of ;ladiDs drafts