Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-05-02

Although tho English financial news received in
the course Of the week was construed adversely TO
thus far has been to increase to moderate degree
the export demand for bullion, as the preferable
mttance for account of the bankers, without percep
tibly enlarging the trade demand for exchange,
account Of The importers which eSgtinas less active
e i99H, and on Paris f5 as against l0 and I23
at the corresponding date last season The changes
in Money since the news have been, first the with
drawa Of few low priced demand loans on govern
sas Ssa Sy pseiSs e 0sgn
and secondly, g INDUCE more decided preference at
e o5 h SrSRSrs r9 9 nS to
Ts1a tesdOm Of spPRy The offerings Of prime
and select lists tsSen aeeuns to SS average date
a. from ~ TO Tper cent, 90 days up to months,
confidence, and the very latest adyccs from London,
received by the Vanderbilt yesterday morning, are
ket.
Thompson's New York York Bank Note
Reporter speaks thus encouragingly of the
future trade of the country:
The month of April has developed much that is
and our exports are sufficiently large TO balance the
account and no fears are entertained Of shipment
there Is a sufficient amount Of Exchange let over @
Confidence Is taking deep root under the influence Of
a cheap and abundant supply Of Money; The whole
strength needs but little stimuIant to draw into ac
ton all It's progressive powers. Congress Is the only
blook-the only incubus-in our onward career.
The financial adyices by the Vanderbilt
are not very important, but are generally
favorable. Consols were buoyant and the
money market working easier. Private let
ters confirm the statement and express the
belief that the highest rate of interest had
been touched. Breadstuffs were quite lmoy-
ant but the quassi panic in Cotton continued.
The London Daily NsOs says:
The Money market to-day was again rather easier,
At the Bank the demand did not exceed moderate
Proportions. In thu general market the best short
bills were taken more rapidly at the Bank minimum
with exceptional transactions at fractional reduc
tion. For four months bills, however, the terms were
cent. v
We believe 1t Is by no means unlikely that the mil
lion and half Of bank-notes, the locking up Of
whlcn mas excited 80 much attention, will almost
lmmediately hnd their way back into the Bank Of
En9lapd. The discount firms who hold them repu-
dlate the charge which has been fastened upon
them OF seeking to infct deriment upon the public
They contend that they are perfectly entitled 10
ne custody OF their own funds, and that II they
place them at the disposal Of their antaRonist the
pam; they give proof OF their moderation. This
step, adopted, will mark Difference TO public
impOssibility Of finding employment for sboTt
periods, IN the Stock Exchange elsewhere for SO
large mass Of money. The public would be the
better satisfied could they see IN the taking Of this
nasty step by the discount Arms aprospect OF the
which tend manifeaty TO keep the market In an un-
settled condition, and 70 prejudice trade We fear
however, that there 10 not much prosnaet of fle
questions under dispute being yet sTangod, y -