Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-19
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financial AHaIrn.

Financial Affairs.
In Monetary matters we look for no special
improvement this week upon that just past,
though we think the feeling may be better
among Capitalists and Monied Operators as
the longer the action of the Southern cotton
States respecting their much -talked-of Sc
cession is postponed, the more belief in an
entirely nugatory result will be increased.
Here Money is regarded as close, but there
is more supply than there is confidence,
which at present we greatly need. Bankers
are still uneasy in regard to the political
future of-the country, and are waiting for
the end Of the present beginning before they
make extensive operations. The prevailing
rates of interest are l29l6 per cent. for ap-
proved short Paper, and are more likely to
90 higher than lower. The ,indisposiLion at
the Discount-houses to take long Paper is on
the increase, and nearly all of this kind is
forced into the street, where, though uu-
doubted, it sells at ls@24 per cent.
Eastern Exchange, if there be any marked
activity in the purchase of Hogs this week.
will probably decline to n premium, selling
rate, though if the Pork market remain as
dull as it was last week, the price of Eastern
funds will probably undergo no alteration.
For Gold we look for no immediate change.
unless, on account of scarcity, it go higher
for day or two. The bankers here have it
in their power to obtain all the coin needed
and make out of it good profit at n pre-
MUM. ..H
Unless further fare-ups occur in South
Carolina, the Bank-notes of that State, to-
gether with North Carolina, Georgia and
| Alabama, will grow better during the week,
and he selling perhaps all round at 10 cents
discount. AT present no one can deter
mine what the result of our unsettled fnan-
cial feelings may be; though we have every
reason to believe that Cincinnati tDas neUer
| AZ offo IN
should come, and that her Currency and Mer
chants soers never better prepared for an
| emergency.
Hogs rule dull in the extreme at about Sc
| for 200 pound animals for present delivery,
with little disposition to buy, just now,
! even at that rate, and less inclination to sell
on the part of holders. .
Fridays New York EUening Post says of
the Stock market on that day:
The Stock market opened rather steady on the
speculatiye shares, but toward the close is heavy
The transactions were not large, and very dali
The weak spot of the market is the State and Gov
erpment Stock and Bank shares. These are mate
not forced at the quotations. North Carolinas sold
g. Which Is DECLINE Of per cent on previous
79S@59h; Louisanss offered at 97y9 Mssouris at 73.
Skies Of ls62 at Ig2, the Skies of 1861 at IO5, the
| Skies of lS6S at 1909.
The same number of the EUeninq Post thus
refers to Money, in New York, on Friday;
The absence of unfavorable rumors in regard to
market more subdued appearance, though we arc
unable to report any abatement in the rates Of Pa
Bought at 2 per cent dearer than yssterasy SSS
Small lots Of git-edgs" have been taken at 10 per
cent, but the bulk OF the business in highest grade
Goa s per seS Sn He sOod obtain
The depression in Sterling Exchange is unallevi-
| ated, ana the leading drawers are accepting much
| lower IN
| don selling at l051sGgl0jA. -.
Saturdays Republican observes concerning
Fridays st. Louis Money matters:
The Money market today is very unsettled and
side OF them there is no disposition to lend Money
i Of the Exchange market it may be remarked that
the rates are unaleTed. Eastern Is selling at one
per cent. premium. and New Orleans at the same;
amount. There are no sales Of Exchange for Cur
There are but few if any Time-bills bought on the
South, and the business on these Bills on any point
is very limited and confined to short dates.
Fridays PieOy,tne remarks, respecting
New Orleans finances on Thursday;
There was no perceptible difference in Exchanges
and a. eeneral rule, negotiations were quite as
ehary as Yesterday. Sterling was sold to moder
actions were confined to remittance purposes, deal
eTs showing little or no disposition to operate
@lOi, but not ireely FiTst-ci Francs sold dowt
e 5f4o which places the quotation for ali kinds "a
fall Of 1851, Sterling was passed at s31@s5, anC
French Exchange at 6f.GO There il no danger 0
going down that far this season Some little sixty
days on New York was done at 3@334 per cent dis
count, but there Is really market for prime Bills
Sight was fiTmer, and the Banks asked 4@& dis
count over the counter. Outside sales were made a
A@5s We notice transactions in three days sigh
TIA, and in Ave daysst lA@l4 discount.
The Monetary market shoya no change, but
sulting from the influx Of Coin. The presqmptio
is that the current will continue to flow this way
raeeds to thsiogsr range Of last week. II must
borne in mind that owing 10 the stagnation In th
dry goods trade and othef departments, the lOc'
transactions OF Consequence in Paper this mOrninl
few trihing pieces brought l5e1ls par cent. III
Banks are dseounting quite as Freely as eirenH
stances will justify, which means that contderab
portion Of the offerings are still rejected.
BOsToN BOoT AND SHOE TRADE.-Sdturda!
RorssLer I7.-Trade continues quiet, although NJ
more so than Is usual az this season. The nroSpe
for the next seasons trade Is far from hatterin
and manufacturers will mot be warranted In max In
Eome Of the Southern States bOdes nc go1d 20 th
great manufacturing interests OF the Northi but
holo ~ t,id % anu ~ tsssto,
with every part Of cur common country. Oar ma
ket Is not largely supplied with desirable goods b.
there is enough for the present demand, The mani
faetureIs are only making up ordered work, an
their stocks are generally light. 80
Orders are coming in slowly, and the shipment
the past tWs weeks. Among the cleAranoes for IN
week arc the ship Will4H VIII, for Melbourne Au
tsalie, With SO cases oi Boots valued az " W. az
cleared u 6sasIs. Larkih staekpole, TON 10
ts ea eas5 @ sass y sSos
mostly brogans valued AZ 80 80; also l35 barrels
shoe-pegs, 9Alasd At BIAS. and tive cases of she.
meats of Boo5s and shSss Il b. rs and Ca foi Il
week have been $500 cases. Correspending wee