Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-29
MONETARY AND COMMERCIAL.



Financial Matters.
AS the suspension of the 81. Louis Banks
had been expected for week previous, the
announcement Of the fact yesterday by tele-
graph had no influence in Third-street, and
in no wise affected Missouri Bank-notes,
which, indeed, could be sold lower than
on Tuesday. Financial affairs improved.
and the feeling among the Bankers and the
Merchants was better than for some days
previous.
Money continues close, but the market is
quiet, with little demand either at the Dis
count houses or in outside quarters. There
is hardly any disposition to loan, even on the
best securities, or to buy frst-class Paper;
and this, being generally understood, pre-
vents parties from asking for favors. The
rate for prime short Paper in outside circles
can not be quoted less than "a per cent,
though the Bankers accommodate their Gus
toners to moderate extent at lO@l2 per
cent. per annum.
The payments yesterday were trihe
heavier than usual, as the papers of two days
matured in one. The Banking-houses will
oil be closed to-day, and Thanksgiving be
observed by the Bankers, at least in an out
ward form.
Eastern Exchange declined yesterday Il
| per cent, the selling rate falling to ~
! premium on Boston and New York, nearly
all the demand being on the latter point.
| Rew-Orleans Exchange was very quiet at %
discount@par, and % premium.
Gold was also lower and rather inactive at
| ~ premium, dealers buying at 2z69l.
In Time. bills there were no transactions
either on Eastern or Southern cities.
Uncurrent Money continued TO improve
! yesterday, and our quotations are as follows:
| Indiana Stock. }9@l; Pennsylvania (inte-
! riorl SOLO Virginia, SOLO; Missouri, solo;
| Iowa, b@lG Wisconsin, SOLO; Illinois, I;
! Maryland Gnteriorl SOLO, Tennessee, 5C5
2G Michigan and Canada 5; Alabama mo
bile( TO- Alabama tinteriorA 20; the Caro-
linas, 5000; and Georgia, 2@l0 discount.
Nine dlscredited Illinois Banks sell at about
2Oc., but the rest are taken at &C. discount.
Our Bankable funds are still much mar
rowed, and now consist Of Ohio, Indiana,
Kentucky, Louisiana and the New-Englaud
and New Y ork State Banks.
The financial feeling and the ease of the
Money market have much improved during
the past week, and the confidence is par
| tally restored. The chief trouble here is in
the extreme quietness of business. Cincin-
natl is strong enough and healthful enough
in her Commercial relations, but is of course
Influenced by other cities, and for the time
her trade is seni-paralyzed.
Hogs were extremely dull Yesterday, and
the views of holders were somewhat low
cred. They offered Hogs at $5 70, but buyers
did not seem willing TO give over S. 80.
Some 300 head heavy Hogs were disposed of
at S5 80 10 So 80, but these figures were
above the market, which was nominal at the
close. Flour dull and unchanged, aud
Whisky nc. lower. Sugar was in better
demand. Molasses steady, and Coffee &c.
lower. Grains were unaltered without any
particular activity.
The following are the Imports and Ex-
ports Of the various articles during the |
twenty-four hours ending yesterday noon:
. I.portsmAPples, 23o brls.; Barley, 2s25 bushels;
bushels Cheese 6O3 boxes; Coffee, 3s4 bags; Fonr
IL IL and P&sS a Sc f2 GsaS ta5d
bushesi Oats, l,s69 bush; Pork and Bacon Isl 09i
5ss hfds Salt, is9 barrels; Wheat, 9S5 bushels;
Whisky. 1907 barrels - ''"'''''
dies 3O4 boxes; Cjrn 900 bushels; Cheese lbs boxes
Coffee, an bags; Flour si2 bris.; Hogs, d head;
busR.i Oats. q bushels; Pork and Bacon, 30 hRds,
90 tieIeet, 222 bTs and 20 boxes Potatoes 70 bar
birels; Whisky, 3Ss barrels. ...r b.
In all the leading cities, Monetary matters
are still very mach unsettled and decidedly |
close, though there is an improvement from |
last week. Rates of Money are very high in |
Boston, Philadelphia and Baltimore, and |
none but short prime Paper, and very little |
of that, is done at all. AS the Banks of the |
the two last cities are in a state of suspen- |
sion, nearly all business is about at a stand. |
In st. Louis, the Banks have suspended, |
and Money is very close, while Eastern Ex- |
change is extremely scarce and irregular,
ruling at 4@5 premium for Bankable funds
In Chicago, finances are greatly unsettled
and business dull, Exchange being quoted at
5@7 premium. 80
In New Orleans, Money remains very
stringent, and q small amount of prime
PAPER was sold in the street on Saturday at
2l33% per cent. month. New-York Sight |
Checks were Il discount@par. Last weeks |
New Orleans Bank-statement is regarded as
very favorableand exceedingly strong, show
ing these changes from the previous week: |
Decrease in Short Loans, $302,3l3; increase
in Specie, 5000, ,342 decrease in Circulation,
$42s, 7s5; decrease in Deposits, $lO6, 1853; in
crease in Exchange, $l27, 1850; increase in
Distant Balances, 1928 900. Total Loans,
November "a, $24 7O6,23s. Total Loans,
November II, $25, 325, $50.
The rates of Exchange and Coin at the
close of Bank hours yesterday were:
Buying. Selling
New York sight............ prem, 1!s prem.
laONn ~ MAN