Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-12
MONETARY AND COMMERCIAL.

Inc demand Ior money JhlS week Will
probably be larger than it was last week,
and financial business more active, though
this will depend much upon the condition of
the Hog trade. Currency at the close of the
past week was materially reduced, and the
Discount houses were unwilling to take long
Paper at the regular rates, l0@l2 per cent.
As soon as the Pork operators begin to cut
freely, Money will doubtless become quite
close, and the facilities at Bank greatly cur
tailed. The Bankers are looking for, and
are prepared to meet the stringency usual
at this season.
Eastern Exchange will probably decline
this week to g if not "a premium selling
rate, as an increased number of Bills will be
thrown on the market, and this will neces-
sarily lower the rates, as the rate was little
heavy at u on Saturday.
Gold will probably continue in good de-
mand in the retail way, while the rates Of
the Carolina, Georgia and Alabama Notes
will probably be more settled. They are
often taken, as we have said, in the regular
way at discount, while in the street 10
discount is charged; few houses refusing
to receive them at all. 's.
Hogs rule at Sc rs, for delivery few days
ahead, and at Sc 30 for early December.
The supply appears on the increase, many
being driven in yesterday from surrounding
points. The weather just now is too mild
for cutting, but we are liable to cool spell
at any hour.
Saturdays St. Louis papers say of Hogs
Farmers would do well to hurry up their fatten.
ing, and market their Hogs early. We note sales
POUNDS net, at Sc 30 this months delivery, While
1000 head were offered at this for December de-
livery and not taken.
At Alton and GRANVILLE, Illinois, Hogs are
selling from $500 for early delivery. .
Pork-packing has commenced at Du-
buque, Iowa, where $4,000 or $4,000 Hogs
will be cut this season.
Fridays Pieayans informs US as to financial
affairs on Thursday:
The Discount market, however, contiHues very iu-
Pp and e urd Of GS @ @
clusiyely on the Banks. OF course, they not in
discrimination of the most needfu assistance that Is
required. In the meanwhile, capital is accommodating
yestmsnt many of which will not reoocur for
long time 70 come whatever may be the political
that our Cotton and other products will be required
A large amount of business was done In Exchange.
and the market showed more steadiness at the lower
range OF figures quoted yesterday. Tho sales Of
Bills, tip-top names bringing the latter price,
though, in partial instances, little more was paid
Were worked Oh oi at iSie5. About half smiIiion
ofFrancs were bought, mostly at o. 35e5f 33A, the
fSie Of specially required signature was made at
fraction above the inside rate We did not hear Of
being scarcely any demand for Time bills We quote
were large at lGiI3 disco6nt. considerable amount
was taken at the inside figure. One-day Sight was
| sold al 10 per cent. discount.
Fridays New York Evening Post says Of
the Stock market. on that day:
The Stock market continues weak and unsettled
and the speculative list shows further tall. Tht
Iaasssetle9ns we're meSsrate BIT sellers options
! hammered and declined jS@5i per cent. ~
| Erie was the nrmest Of the railroad shares, an'
suppoied, have taken advantage Of the exlstinJi
dullBess TO secure good supply Of the Stock Ever
a66 fr shares @ assepfed stoeH mas taken out iOo
The fTmest Of the State Stocks were OalifornI,
more, Ohio Skies Of 1879 sold at iO7-ths FiVes Q
The same number of the EUeniag Pos
observes in regard to Monetary matters:
There is considerable uneasiness IN fnsncia
in supplying their wants. Paper Is sluggish, an
ohli The choicest short Bills 80 outside of Bank
been done at ssper cent. On cali we see no m arEe
ehehge, though the rate is gradually hardening
The Foreign TxckSpsS Sts @SrEe Z quite unsettled
and rates very IRREGULAR. The business for satur
lOsh peT cent for leading BilIs on London. 800
ASSa vii ssn Ss9 sS5eh Sns 4
Saturdays Missouri Democrat thus speaks
| of Money in st. Louis on Friday:
Currency Is not increasing to any great extent
yet some dealers are refusing to receive L from out
siders except a. = discount sliil taking it from
0mong which are the State savings-taEe It IRON
All on pars ith Bank able Funds and 80 long th
is the case these who do not will receive but lltl
olt The policy Of those receiving Currency At pal
VIII tebd tO keep Missouri Paper IN circulation.
rome refuse to sell Eastern Exchange for Our
IeIcy a. better Ihal lH@l1 premium, asking onlJ
| per cent fr Bsnkable Funds; but 50 long as I
Eey Le Lad ~ yer cent. foF Currency AZ otter Ia
stitutons thoss eheTging the outside rate will sci
that Il is rated az ~ prsmiuIa.