Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-30
MONETARY AND COlElIEROIAI,
Financial AGaIrs.

CNE@AAnAA-1AANOAA
Financial AnaIrs. ft
Yesterday (Thanksgiving) was generally
observed by the Financial operators Of Third
street. all the Banking-houses being closed
The Banking quarter looked deserted; the
Capitalists and Money-changers havingwith-
drawn from the thoroughfare and forgotten
perhaps-premiums, discounts and per cents
for one day only. The stringency of the
Money market troubled no one; for no one
had ought TO pay. Notaries lost their terrors,
and Bank-messengers their significance.
Thanksgiving thrust itself between the
leaves Of ponderous ledgers, and left blank
for the so-called holiday,
The Bankers gave thanks, we hope; but we
doubt If they did; knowing not, it may be,
what or whom TO thank, just now. Persons
swimming for life in mid-ocean are rarely
grateful for being there and starving wretches
are not generally disposed to bless God that
they were created poor.
Giving thanks at this time is Justly re-
garded hs a profound joke. The appoint
ment of the day was one of Governor Dem
nison's pieces of waggery; but then it was q
tri1e ill-natured and out-of place to have
Thanksgiving, with the country in dis
tressed Financial condition and on the eve Of
dissolution.
Was the thanksgiving in consideration of
the alleged fact that South Carolina is about
going out Of the Union2 II SO, put us down
for six large dinners and score OF pro-
tracted prayers.
A suspicion hsunts us that the naming Of
Thanksgiving at this juncture may have
arisen from an impious idea. Possibly, the
Governor, knowing that Providence has not
of late been as kind as usual to US, and is
perhaps, neglecting our good people, has
taken this method of intimating to the Sow
ereign Ruler His shortcomings, and inform
| ing him that his carelessness of our condi-
/ ton is understood.
We hope this is not so, and yet we fear.
| Thanksgiving is over-we are glsd-we give
thanks for that at least.
| Yesterdays Louisville papers thus refer to
Wednesday:
There was nothing new in the Money market
anu 6s od op Sneepcv WSs
applicable TO monetaTy Affairs for Yesterday was one
change in rates. Messrs. stewart 4 Barter report
Close out They report also sales Of 5O brs at SIC;
COO green Hams at De and 60 tierces head Lard on
At lie casks new clear Bacon Sides at i3j5c, and
10 casks old Bacon at former rates. There were no
Small lots are pressing on the market, but dealers
are not willing to operate at the asking rate, which
| is Sc net.
We annex a comparative statement of the
| exports exclusive ofspecie) from New York
to foreign ports, for the past week, and
since January lS0
1888. 1859. 1860.
For the week k.; salS520 az go sI,5lss5I S2;a921I7S 1
Since January I.s56 696,sIO s6O652,663 s9O,6l
Our Wednesdays New York exchanges
thus refer to Tuesdays Stock market:
The Stock market opened to day with a very
heavy feeling throughout and prices fell of during
the session Of the First Board; There was however,
q slight Improvement toward the close, and after
carried New York Central up to IS again, and ex-
nSept in State Stocks and Railway Bonds was quite
animated, but prices were somewhat irregular, in
some instances showing better figures, but in most
the quotations Of yesterday. There has been a very
good investment demand for Railway Bonds, and
| must be large. We hear of an instance where the
Bonds Of one Company t. the extent of s5OOOo
Scattering orders for shares continue to be re:
ofnvestinent has Of late run more in favor ofBonds
The scarcity Of stock is sili one Of The prominent
m%Ens e FL hTo Bears
| in selling for cash and on short options New York
son River are particularly s;arce. AZ the second
Board the market was dali, but considerably better
there was further strengthening in quotations
with but moderate business The downfall within
two OF three days has been almost as sudden and
decided the rise which preceded It, and the tend
ency now 70 another rebound quite natural 10 the
|
Concerning New York Monetary matters
on Tuesday, Wednesdays Tribune observes
There was a very fair amount Of business trans
acted in Foreign Bills for the Boston steamer, witt
an improvement of about per cent. in rates, clos
feature of the market known was the greater east
with which Bills could be sold, and marked chang
ht the close Of business leading drawers were ask
ing lO5 for Sterling, The range Of quotations is $50
ite commercial and bank signatures, and lO3@lOI
for Bankers- Francs are 1905 35 for well know
gone forward for some time 80. -
The Banks haYe been discounting very liberally
The offerings were generally not as large as had beer
anticipated the large expansion Of Friday last hav
We hear of many instances to-day where the amour
discounted exceeded two or threefold the receipts
Bank managers are still very careful in scrutiniz
ing PsIsr and sPPiea9tts 9t THIS y SSuE;e rise iS yeE
would soon be discounting for the whole country
and y5s 81 d0mSsss drain n for or Sscs
per cent, with an occasional transaction at pc
n r bay PSPs o
in the market, and have evidently lost confidence |
strictly Giitedged names there Is some currency a
lOGl2 per cent, principally at the outside rate
: are quoted at i56a2t per cent. The Bills Of III
Honesdale Bank Of Pennsylyania are redeemed 3
per cent. discount. VIII
In the present position of affairs the foI
lowing table, comparing the position of tn
Q New York Banks for the Corresponding reel
s of the four past years will be of interest;
. . 1857. 1858. 1859. 1860.
l Nov. 2S Nov. 27. Nov. 26. Nov. "a.
963, ,l3O 5,5S5 sos l2l 1854 I2I bIs4
9 Spece.... "a 3O3,l44 27,l57,73l lsS3l92l Is7593
|, Gireulat,n 6.62O,7SS 7,652,4o7 s,z7O,27s s,96s4
posits... 643O7 $50 SO, ,7I6976 7s,562,I7s 74Os57
t Exchgs.. l5,20lS45 l9,S66,25s B5l7,ss6 25,6SO,s
e | Pr. ct. Of .-
% C'n TO net 10 .rIH
o liability. "a 3l-lOo 2s 2O.IOO 23OI-lOO 22.6O-I
n nIs7