Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-09-03
MONETARY AND COMMERCIAL.



Tho tendency Of Monetary matters Is to increased
coseness but there Is no pressure yet, and brst
c'ass Paper Is done without trouble In the regular
tersat 10 per cents Discounts being made sometimes
as high as l2 per cent Currency will probably di-
minish this week, in consequences Of the augmented
demand both from the city and country, but there
will be sufficient, doubt, at the close, for the
transact on Of all legitimate business.
Eastern Exchange remains steady without any
particular activity at B buying and = premium
selling; some dealers paying only A@o3Oc on palti
StI cold % eohtinucs dull at previous prices, and New
Orleans Exchange nearly nominal.
change. the present ratss Of Discount being. In
diana stock 4j Missouri y; Iowa, Illinois and Wis
branches y; Pennsyivania County 1f; Maryland
y; Michigan, North and South Carolina and Georgia
I; Tennessee %Cdl; Canada !; Alabama 4 discount.
The rates Of Exchange and Coin at present are
Bnying. Selling.
philadelphia...-..".... prem. isprem
BSItimore.............. Aasoo prem Z prem
New orleanH;,;-.. .'.......'sCn4 dls. ,opis. paT. -
American Gold ...........3cc. prem. 4ut1p43c prem
Fridays New York Erening Post observes:
Money continues sharp at full rates, though there
Is comparatively less furry in the market to day.
moderate business at G6l6H per cent ON choice COLI
laterals For prime three and four months Paper
short Bills are current Mt 6H. Exchange on London
is steady at l0gA@llO.
These quotations are given as the prevailing ones
in Chicago, by Saturdays papers from that city:
Buying. Selling.
Exchange on New York...-..o.. q per ct. per ot,
per per St' per per St St
Ohio Ind, Ky, La. and Canada = per ct. y per ct.
hlissourl.....'''''''.'.' '.'''''''''''''''''pa par'
Satnraay st. Louis DemocrGi has this intelligence
in regard to Friday:
The offerings except of local character, are not
large but the local line of the Banks Is pretty we'll
Rank discounted g2O,thiD OF this
hind of paper tn-day-of course, at per cent. The
Tent Sa SRSn cSss Of borrowers and the @ per cent
Per month Paper is quite Abundant. Even the va
pIeStifni as usual The Banks are quite inclined,
however, pnt the rate of interest as low as poss-
The extent Of three-eighths Of their capital,
The demand for Exchange was light to day. but
shortly; Certainly not until after the payments OF
tho 4th. Sight on the East is held at = premium,
on New Orleans the nominal rate is 4 per cent
premium, but some sales are ut =.
The private letters by the Africa draw avery
gloomy picture The depression occasioned by the
unfavorable weather was increased by political un-
| certainties. A leading circular says
| The unfavorable appearance of our crops and tht
! threatening complications in the MediterT9near
| have had aR,efiect upon the public funds and will
| Something more positive can be Judged of our har
! vest, business will be pursued with great caution
have been succeeded by heavy rains and close at
nusphere. As the blooming season of the whea
was the whole favorable, the crop would hav'
genial weather. Much of the crop Is lodged brisk
wind and dry weather required TO raise it, There
is good deal of talk bOut the pOtatoe disease, but
thus far only the early kinds have been attacked.
The Mark Lane Express, received by the Africa
says:
4 The past week has shown little improvement in
/ the weather. the nights all being cold the day
/ cloudy, and very heavy falls of rain being expe
I rienced on Wednesday and Friday nights. But 10
this, some TalaVera Wheat, which is now ripe, wou
have been cut. A good deal of Barley has nearl
reached maturity; but the bulk OF the CROWN
wheat ripens very slowly, and creates more fear a
TO the ultimate yield; Very many of the best pieces
in the fens and light land, have been sadly knocke
about. Much the hay got up this week has bee
seriously damaged, and deal is still out with YER
POOR chance of its being well carried. Potatoes, q
might have been expected RON the unfayorabl
season, threaten to be as bad crop as ever wa
known. Many places that were looking fair las
week have been seriously attacked by disease, Dotl
in this country and in Ireland.
/ All the surplus wheat of foreign countries woul
so seem likely to be required to make up the void
this season, though the liberal shipments now o
their way from America and Europe may, on arr
val, produce dull markets. In the country, supple
in many districts have been very short, and IN
rates very little altered, the reduction note
in some localities being about made up in other
The same uncertain weather, with rain, haNll
been experienced in Northern Europe at tim
when harvest was commencing, has created son
upeasiness and produced an increased firmness
| the prices of wheat. Odessa has also been Inn,
enced upward by adyces from the West, notwlti
standing the favorable character of the harvest I
Southern Russia. But America, more especial
| the Western States, being unusually we'll on IN
season, prices there have somewhat given way