Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-12-24
MONETARY AND COMMERCIAL.
FINANCIAL AnnIrs.

amelioration will continue. This, however,
depends on so many contingencies that no
one can predict any thing of the nearest
future. Certainly, the commercial prospects
look better than they have looked for some
weeks, and our citizens now appear fully con
vinced of the strength and healthfulness Of
the condition of the trade Of Cincinnati.
The Bankers will, it is thought, further ex-
tend their line of discounts this week, though
it can not be expected they will furnish very
ample facilities as this is very stringent
period even in times of prosperity and conf
dence.
If the Pork operators offer Eastern Bills
with any freedom, Exchange will further
decline to 11@A premium; and, indeed, we
expect another reduction in rates before the
close of the week.
Gold will be in demand this week fromthe
country Banks, and dealers have accumu-
lated considerable lots, for which they ask
1f@1S premium; many refusing to sell be-
low the latter figure.
In New Orleans Exchange we anticipate
no alteration; but think Uncurrent Money,
especially the Western Currency, may i'm
prove.
Ofcourse, Money continues close and easily
employed in outside quarters at 2@2H per
month in the streets; while the Discount
houses, when they accommodate their Gus
TONERS, charge but lO@l2 per cent, as usual.
The knowledge that Money is very scarce
prevents many parties from asking Loans !;
and, with an improved feeling, the number
/ of borrowers will be largely increased.
Holders of Hogs anticipate brisker week
than they have had for some time and an
advance upon the closing quotations of
Saturday. though buyers think few sales
will take place above S. so.
Fridays Egening Post thus refers to
Stocks in New York.
The tendency to reaction in the Stock
market from the rapid advance noticed last
evening, continued this morning, and prices
rae l@l y per cent below the highest points.
At the decline, however, there is consider
able steadiness, and the fall is largest in
those Railroad Shares which had previously
risen and 9 per cent. The Bond list
strengthens under good investment de-
mand.
The frmest of the list is Erie, which was
wanted at an advance. We learn that about
8, 500 Shares have been taken out for Europe
this week, and the Cash Stock is again quite
scarce. While 81 cash was paid, the Stock
was offered at %, seller thirty days. o.
New York Central was firm after the Board
at 75H, an advance of H@A per cent. Erie
closes at 81 bid. In the State Stocks there
was a decline of 24@l per cent. in Tennes-
M;ero,,r;s iv;o
the price of yesterday. #.FE 20
The same issue of the EOening Post re-
marks in regard to New York Monetary
affairs on Friday:
The tone of the Paper market continues to
improve. The negotiation of frst-class
names is easy at l2@l5 per cent, and we
hear of choice short acceptances going at
lC@ll per cent. The supply of the latter
however, is very limited. On call there is an
excessive supply at 6@7 per cent.
The leading Exchange drawers have
advanced their pretensions about per cent.
on sixty-day bills on London. The nominal
asking rates are l04199l05, and on actual
sales we note an improvement of fully %
per cent Commercial Sterling RACES within
l0l%9l03. Francs are also held higher $40
@5.45 for first class Bankers. The regular
trade demand for Exchange continues small.
The influx of Gold largely exceeds the
calculations of a fortnight ago. Last Satur-
day California sent US 81, ,O00,O OOo on Sunday
the Europa brought US $4,000 from En-
gland. The Etnd came on Tuesday with
$330,000; on Wednesday the Atlantic
brought $95O,GO0, and yesterday came the
Persia with So, 100000, to which the Quaker
City, from Havana, added $l07, 7l9, and the
BoTuSSia, from Hamburg, 1880, making the
receipts of yesterday So, 225,2l8, or $5 945,-
2ls, since Saturday last.
Fridays AtIqs and Bee observes respecting
the Boston Money market: r
All branches of trade appear to be very
dull at present. Money matters continue to
improve, and the Banks are daily adding to
the amount of Specie in their vaults. There
is apparently no very urgent demand upon
the Banks, and the outside market is quiet
at rates varying from l to per cent.
per month. 1t has been suggested by
some very able financiers, that the Banks, in
their present good position, and with pros.
poets greatly in their favor for future supplies
of gold-ought to relieve the market at
once, by expanding their loans from one to
two millions. New York Paper is freely
offered by Brokers.
Saturdays Chicago Times says:
Money matters remained much the same
as yesterday. The demand for Eastern Cur
rency continues very close. The Banks are
paying 10 per cent, and are supplying the
wants of their customers at the same rates,
but outsiders have to pay lO13(9ll per cent.
The demand for Currency from Produce pur-
poses, was not so active to-day, but they
may have been, owing to the fact that the
stormy weather had the effect to restrict
outdoor business.
We learn by a special dispatch from
| Springfield that the State Auditor has
| given those Banks whose securities ere
| deemed insufficient, from sixty to ninety
days longer to make their margins good
Under the present extension, the Banks are
required to put up 2H per cent. additiona
security, on the 20th day of February, anG
| ~ per cent on the goth Of March.
The same number of the Times informs u,
about Fridays Grain and Provision market
The Flour market shows no change from
| yesterday. Holders of favOrite brands are
very firm at outside prices; but buyers dc
not meet them. The sales to-day embrace g
| few lots of choice spring wheat, extra, al
| So 9O(94 20, and So for superfne. Whea
was in good demand at a further advance
No. 2 spring sold freely at 7611@771zc., and
No. do. at sl@SlHc. There was also
heavy demand for Corn, and the market wa
firm at zoe. for old and new mixed, and 30c
for yellow. Oats and Rye firm and uu.
changed. Barley steady at 43@145c. for No
q Provisions are quiet, but market firm
There was better demand for Hogs, anC
the market was active at a slight advance
lots weighing 200 and over brought $5 62X
and heavy lots, So rs. There was but littl
done in Live Hogs, and no change to note il
| quotations. About 1000 head were takel
| nv mar kera al 81 5Okl4 b5 for an AVERAGE n