Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-05
MONETARY AND COMMERCIAL.


Financial affairs will probably be more
active this week than they have been for
some time as The Presidential election will
be over after Tuesday, and the packing, If
the weather proves favorable, will be active. /
We look for more settled feeling in bust
mesa and larger demand for Currency,
which will soon be close, as the require
ments of the Pork operators will absorb
most of the available means of the Banking
quarter. At present, Money continues easy
at I0@l2 per cent, for frst-class Paper in
the regular quarters; while outside figures
rule as high as 1S@24 per cent.
Eastern Exchange will probably decline,
if the Pork men offer Bills as freely as it is
reported they will, before the close Of the
week 10 u and g premium buying and sell
ing rate, and still further in a briet period.
Gold continues in good demand and firm
at A03Oc. buying and B940c, selling;
retail sales being made at q premium.
In New Orleans Exchange, Time-bills and
Uncurrent Money there is no alterationfrom
our last quotations. .
Good Hogs rule at Sc s7@7 for delivery
during the present week, and at these prices
holders are very firm, some asking still
more.
Fridays New York Eveni,g Post observes:
The Stock & market @ opened tame and prices yielded
ward the close there is hardening tendency with
out, however, any revival of activity The transac
tions of the day have been small and the Board ad
turned early. There is general indsposition to
operate, and only few hundred shares are selling
where as many Thousands changed hands carly in
Money matters wear very quiet aspect, and we
detect no change in the general appearance of the
market, though there is evidently closer scrutiny
Of Bank al Tc8s per cent The ruling rate for Call
Loans is per cent, and transactions, even on
choice collaterals below this figure are less fire.
quent. .... ..
Exchange on London for to .morrow's steamer is
dull at lOS@lOsA, principally at the insiderate
Saturdays St. Louis Democrat observes of
Money matters and the Illinois Banks:
Deposits at the different institutions are increas-
ing at present. as business will be quiet until after
the election, aad not much Money needed in trade
par with bankable funds. Geld is in some de-
mand, and nominally per cent. premium, but as II
its actual value Exchange is unaitered selling at
! per cent; premium On the East and South.
Illinois Banks are multiplying astonishingly fast
to each does not begin to satisfy their cravings Be-
all beautiful ptcures to promise to pay, and most
artisticaly, and we may add, creditably executed
the same ocers hroushou VIZ g. Gray GashieE
and Miner, President, They are on the Alliance,
Com Planters and the Plowmans' Bank, located, at
least ostensby, respectively at Sullivan, Marshall
and Taylorviile, Illinois. s.l00
Saturdays Chicago papers say of Friday:
| The demand for Exchange on the Eastern cities
in the amount offering by outside parties the rates
were stir at per cent buying and u per cent. sell
ing. The supply of Currency is good, with but little
demand, except from produce dealers and beef and
pork packers We learn that nearly all the Paper
which falls due on the 4th inst taken up yester-
| day and to-day.
Fridays Picdy1ne remarks of Thursdays
New Orleans Money matters:
The market to-day was exceedingly dull and de-
pressed. An apparent indispostion to move in any
4 direction was the predominant feature. The DIS
count brokers have plentiful supply of Paper but
hardly deem it necessary to open their portfolios
while the response is negative one to almost every
| application, The few Transactions effected this
| morning were at range of l2@1IS per cent for
short. In long Paper nothing of consequences was
done. At Bank there is sharp demand for Money,
and in some instances it is freely accorded to the
extent of the income.
Exchanges we're in a very unsatisfactory condition
this morning. 1t is now not SO much question of
rate an ability to negotiate The leading deal
ers Cnly inclined to operate in small way at
| lower figures Clear Sterling receded to lO7C1l075s
and Drafts with Bill of Lading sold at los 1i06
! the bulk of the business being at lO66Dl669. In
Francs the transactions were moderate aud we now
quote from 322@5.25 Sixty day Bills on New
| York are heavy, and may now be rated from 2@S24
per cent. discount Sight, 16@14 discount in Bank
and gG@A discount outside. Some sold low as 81