Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-05-01
SATURDAYS New York Herald says in re-
,otH M 4yN,a 't,rh vtft,a dav.


EoshAnge can yet - reported IN 6tlr money mar
kst though lenders AFFECT to decline paper below six
Rep %onthS SiS' papsf and on call money as sbS
dsni e Th9 e. tcsIy q sesii shgTIein IiSs
in this event six per cent may probably be expected
to become the minimum. -
,si SS SsS sSd HHSsSs 'TS a:Sias :sGP
5.i5S05S for 60 days bills, and 6.llh@ell$ for short
SRRg qR%S Il $ %sTgss sSaS XIV to1 @ ne aSS seen
made here 'TTt The % news e rom @ EhsSud viii LEAD 70
SSeS M d S for
be shipped to cover, and accordingly, from 100000
%rSoo ana Woo This amount may be Increased Il
the bars per Northern Li0h be got ready in time.
The London Times Of April ID, received by
the africa, has the following: i Go
The Bank return Of last evening presents more sim
which was already beyond % ali Sii Ordinary precedent,
shows further inerease q El,6co,Coo The average
and sSC'ooooco, and they hold at this moment fSS,-
i67 900 COMPARED with the same period Of Che mem; en-
orabo year 1851 when the trade OF the country had
reached degree of imitation never before known,
the excess Of notes now in use Is a3 or ~ per
accommodation. The total, in fact, is such as was
so @ ,S SscS SS d9ns h9 TSs a
Bullion touched its highest sum- and Consnls were
The cause o the movement @ Z st Unexplained, or II
an explanation be hlnted " is such as every one
must hope Will prove untounded.
stances now witnessed spring only from single
PAUSE, namely, sudden and wonderful augmenta-
tion Of the business Of the country. Supposng be
healthy augmentation, euch rs can be carried on
| ht a profit, notwithstanding the advance In dis
counts, there will be reason for universal satsfac-
% ns 5Rsrc IN Il
proportion. SuppOsing 1t 70 30 speculative or nc
titous, then every one must hail the measures by
fore, that the advance in the rate Is great good,
either as promoting fair distribution OF legitimate
profits among traders and money dealers, or as q
remedy for dangerous condition.
The same number of the Times relates this
singular financial story:
Within these fe y hours a report has become current
which, but for the otherwise inexpcaple character OF
bic The public are aware that since the experience
Of 1857 the banks have resolved to lend encourage
that, While opening their doors t. the COMMERCIAL
community, they have for that reason excluded the
discount brokers. On the inherent soundness Of
members of the mercantile world have regarded 1t
with strong approval. 1t is now asserted however,
that in their Dissatisfaction at its operation the dis
many notes as possible, to lock these notes mp and
thus to create sense Of scarcity and an incon-
venient advance in the bank terms that shall induce
through the inability of the discount houses TO help
them, and that this inability 10 caused by the exclu.
sion Of those houses from the bank An operation OF
| this kind would bc at once ridiculous and
surable that every consderate person will refuse Gre
denco TO it, unless upon the authority of the discount
| houses themselves. Indeed, but for the circum:
stances that the report this evening is in universal
circulation, that tine alleged particulars are fully
stated in commercial circulars and that some indi-
viduals affirm that the parties in question vr-
tpally admit its correctness, any notice Of would
seem improper and, even, matters stand, the ref
erence to 1t must merely be for the sake Of enabling
nm unequvocal contradiction to be obtained without
| delay,