Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-10-25

sion Of the Brokers' was found TO he weak, and the
On the street botween The Boards, the whole ad-
vance Of the morning was suddenly lost, and lower
rates than the closing prices of Saturday accepted
by sellers. The Announcement Of the successful
taking Of the Federal Loan and the strong returns
Of the City Banks ailed at the Second Board 70 re-
assure the confidence of buyers, and prices rembled
on the political agitation, from to per cent, on
the New York Roads, and Cleveland and Toledo
among the Westerns, suffering the heaviest decline.
In reference to the influence Of the nearly-ap-
preaching Presidential election, the practical sup
rort 70 the Bedsh view Of the subject seems 70 be
spondent tene Of the private mercantile and bank
ing letters from the South, where the ordinary ne
gotations OF trade are represented 70 be seriously
embarrassed by the present political attitude Of the
two great sections Of the country toward eacn
other. As, however these advices come from con-
servative and rather timld sources, aRd are unsc-
SSompaped by any thing Ike threats 6f aisnSion mon
that the financial concern which they express will
pass ever with the result Of the election itself.
Concerning last weeks New York Bank
statement, the leading changesin which have
been telegraphed to the Press, the mails fur
nish this comparison of aggregates:
c fef Sas2 S7 aSgf s55sss NG9,Ss sSss % P9S,
Oct. 2O l2l 5O2 22ll5,22S 9,26l,99O 76,j5iis37
This is an extremely strong statement. An
increase of So 500, 900 in Specie and Deposits,
coupled with decrease Of Loans, is show
ing as gratifying as it is rare. Itindicates
purpose on behalf of the Banks to prepare
themselves for the great commercial activity
and general prosperity which are imminent
next spring. so that every thing shall start
squarely and on a solid basis. The curtail-
ment in Loans since the middle of August
now amounts to $9,000,000.
Tuesdays Herald says of Money matters
on Monday:
There is no change in tho Money market. The
loan is producing no effect whatever, being uni
yersally UNDERSTOOD that the bulk Of the payments
will be made in Treasury y-notes. Call-loans range
from 51s to per cent, being the general rate in
the street, short first tclass acceptances go at g. and
long Paper of the highest grade at T.. The Sub
Treasury business o.day was active; the receipts,
including Sl35,00 from customs, amounted to S23T-
2O9 the payments to Sill0OO; balance this evening,
There was very little done in Foreign Exchange
n BS ere % De had b at taS Ihpre
being l0S9o@l0SA, and there being n fair supply of
mercantile Bills at lOs@l9sA. very small further
decline, unaccompanied by a fall in the price of
Gold here would probably lead to some experiments
in importations of Gold.
There is no change Of Importance in the
other Eastern Monetary markets. In Balti-
more, Philadelphia and Boston, Money con-
tinues easy at 500 for prime Paper in the
first, and GOT per cent. in the other two
cities. Business generally is quiet at all
those points.
In Chicago, Eastern Exchange continues
steady at Il on the street and i premium at
the Banks. Currency is still in active de-
mand, with indications of decided stringency.
In st. Louis, Currency is scarce, though
the demand is not very active at the Banks,
while Exchange on the East is in very linn
tied supply, and extremely firm at n buying
and premium selling.
In New Orleans, Money continues de-
cidedly close for the season at lO@l2 and 10
per cent, and New York Exchange rules at
u discount a par for sight, and 1902 dis
count for sixty-days.