Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-09-24
MONETARY, AND COMMERCIAL.



Money matters win probably be somewhat
more active this wees than they were last, though
no very material improvement Is looked for et pres
ent, or will we presume, take place until the month
Of October.
Theconditiop Of Financial affairs Just now is very
oom9rteble and heahfn Snr anesS Sy
have been doing fair trade s occurring LOT the sea-
son, and we hear Of few Complaints from any quar-
Good By which we mean nrst-olass, Paper rules at
NO trouble in Negotiating It at those hgures The
outside inquiry for Money, we have before stated,
vefy little In commissions, the approved names al
most always finding their. way to the Bankers.
continue so through the week, at x buying, and y
premium selling rate The market is steady enough
comes here in the regular way, without causing any
return OF consequence Of Bank. notes.
Ohio Banks for their October statement but the
rate will probably remain as now-A and 9694Oc-
Time-bills continue in request with very few
making, at sos per cent on the East, and lO9l2 on
Uncurrent Money will not undergo, we suppose,
any noticeable change during the week. There Is
very little doing in any but Western Currency and
not much in that.
Fridays New York EreninO Post observes:
The nj oney market leans in favor of the borrower,
and on call to-day there is an abundant supply at
is still done at the outside figure. "Gilt-edge"
Paper is current at g. s@7 per cent. .-..
with sales of Bank bills at l0916@lO9h.
About Sl50,000 in gold has been brought from
Philadelphia within a few days.
Saturdays Missouri Democrat says of Money mat.
ters in st. Louis:
There is no important change to note in the posi-
tion OF monetary affairs, and business moves along
sluggshly. The offerings for discount chiefly
ACCOMMODATION Paper, which are taken at the
Savings Institutions from all who have claims upon
chiefly TO Time bills which scarce, there being
few shipments making to justify many bills being
Exchange on the East ruled very firm to- day, at
y premium for Missouri Paper The amount Of
tered being small dealers have considerable trouble
in obtaining sufficient to meet the demand, which
i mot large. The general buying rate is q premium
Currency is in improved supply, and Is quoted al
par with bankable funds Cold is firm at 4 pre-
MUM seltng and = buying.
In Memphis, Tenn, Money is extremely close, il
scarcely being greater than at any time since the
famous Financial crisis. The very best Paper sells
at ls6524 per cent. and the banks are not Discount
ing at all. Matters there bear rather an alarming
character.
Saturdays Times and Herald says of Fridays
Chicago Grain market:
| The shipments Of grain to-day were larger than
for any previous day this week, amounting to over
| 32,35O bushels, including Flour.
The Flour market continues,dull and transactions
limited holders rather Indifferent about sell
ing, while buyers insist on lower prices which, Il
| granted, would create an active shipping demand
The Wheat market opened at decline of lc. on the
closing rates of yesterday, and large business was
done at s5@S5sc for No. 2, and SSc for No. spring
There was also more demand for North western
club and all the offerings readily taken at 9Oo
in store. There was but little red or white winter
Offering, and the only sale we heard of at 96c.
and market active at Sole higher fsETes OTe There
was good shipping inquiry for Oats, and prices i'm
tinues in active demand, and sales quick at quota
tious. Rye in good request at former quotations.
NEW YORK DRY GOODS sMARKET.-Fridays 7Tibnas
has the following:
m e -
the commission houses and the manufacturers has
not been large previously reported, but the ac-
tvity in hs general jobbing trade shows no a6ate-
ment. The recorders from the Interior well as the
fresh arrivals of merchants from tho West, confne
the distributing houses to sales rather than pur-
chases, and their stocks generally becoming low
Nevertheless some styles are aocUmulating for the
moment, and some holders Of drills and heavy goods
anxious sellers. There is little concert Of ac-
tion among manufacturers that they are at all times
sailing without chart or compass, as they have no
at any given time, but are governed in their views
by the capricious movements Of the market which
ration. If their goods are in brisk demand, their
notions Of price becomes exorbitant, and the sales
and consumption of the article become restricted, ,
while, the other hand, if the goods slack Of
sale, perfect stampede in prices is seen, although
the stock, may in the aggregate be small and not
equal to the requirements of the season.
The cotton' dealers have no difficulty in arriving
at fair estimate of the stocks held throughout the
world. The sugar operators base their speculations
on accurate Information, and 1t is not too much to
stocks OF domestic goods in the market The sales
OF goods at Manchester are SO conducted that
one engaged in manufacturing is well posted, and
can, therefore, act with confidence, which relieves
their pursuits from those fluctuations which en-
barrass the American manufacturer. There is not
only not an excess of spindles in the country, but
there is no industrial pursuit which has declined to
keep pace with the natural developments of the
country except this interest," for while certain de-
partments are too crowded. there are others toe
action, the different departments could be equal.
lied, and give place to the new enterprises pro-