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

sold at 60 Erie at 81, Panama at LOG, Bank
Of Commerce at S91H, Toledo at 20 Rock
lsland at 4T--very considerable lower prices
than those which ruled during the panic Of
1851 State Stocks were even more
generally sacrificed. Tennessees fell per
cent, Virginias 2, Missouris Az There was
a small retail inquiry for little lots of Stock
for investment by parties who have money
to put away, but there was no speculative
buying, and very little buying for shorts.
Until the present cloud has passed away il
can hardly be expected that there will be
any speculative inquiry for Stocks; but,
whatever happens, some of the Securities
on the list are cheap enough. Comparing
the closing prices Of to-day with those Of
last evening, we note a decline of in Vir-
ginias, in Missouris, in Tennesses, ~ in
Pacific Mail, N in Central, u in Erie, in
Hudson, X in Reading, l in Michigan
Central, ~ in guaranteed, in Panama 4
in Illinois Central, = in Toledo, 2% in Rock
Island.
Saturdays New York Times observes con-
cerning Money matters on the previous day:
Money affairs at Bank go on comparatively
smooth; altogether so as regards the public
confidence in and ability of the Banks to
maintain their liberal position, under the
system of mutual cooperation adopted on the
2lst of November. The income of Specie
this week is thus far fully equal to the outgo.
The latter, which was considerable early in
the week, on Southern orders, has fallen off
within day or two, while, in addition to
the California and Havana receipts, some
parcels are coming in from Baltimore and st.
Louis. The Banks which held their Discount
Sessions this morning again discounted in
excess OF their receipts, the Offering being
again pretty large. Outside of Bank, there
is business doingon very prime douhle-name
Short paper at l2@l5 per cent, and at what
would ordinarily be classed as No. l, at 100
"a per cent.
The renewed decline to almost the lowest
points at the beginning of the difficulty in
Merchants Bills on England, drawn against
Grain and Flour, the Corn Exchange is much
discouraged to-day, and leading firm in
the trade, Zone of the heaviest receivers from
the West, in this market) yesterday stopped
payment on some of their acceptances, and
this morning withdrew their samples, as
sellers, determined to protect their consign-
ors West, as far as practicable, from further
sacrifices. Other firms, it is apprehended,
may follow the example. The difficulties
and discouragements at the close of the
season of canal navigation, when the receipts
are pouring in heavily on an already enor-
nous stock in store and on ship-board, are
undoubtedly overwhelming, and while brave
efforts have been made to stem them, the
wealthiest of the trade, as they stood few
weeks ago, are at length compelled to yield,
The Foreign Exchanges for the mail to-
morrow have dropped TO lO3@lO4 for Bank
ers, 1O2@l03 for transient Bank Bills and
9S@lO1 for Merchant Bills. On Paris busi-
ness has been done at f5.60@f5.50. The
Domestic Exchanges are worse; on Philadel-
phia 97N, and barely steady at 81 on Balti-
more. Federal Treasury Bills have fallen to
97per cent.