The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-15

The Cincinnati Gazette, under date Of Monday
evening, remarks
me money market did not undergo any material change
10 day. There was good demand, but not press
ing, and the regular houses able 70 extend the usual
accommodations 10 their customers In 70 d. this
however il ID found necessary 10 balances pretty
close me latter in most down 70 the lowest
working average. Western merchants will borrow more
extensively Of Eastern banks than in any former year.
and thus circulating medium equal o the wants OF the
West VIII be supplied BY the banks Of New England New
York and PenDsslvani The market for Eastern ex
charge Was barely sustained. IL wavered early in the
dav with Of the dealers, but the supply rs not
reduction in rates at present. or until dealers shall be
able 10 NEE. the demand fully lower figures. II ~
probable. however that decline viii be established be
fore the close Of the week.
Tho Cincinnati Gazene OF Tuesday evening thus
notices money and exchange matters in that city,
There has been increasing demand for currency dur
ing The week. and there not being corresponding in
in supplies the money market has worked closer
but The regular housee continue take all the acceptable
paper Offered by their customers and matters remain 10
olerably comfortable condition for this class OF borro
ers But holders experience more difficulty In negotiating
oans and for outside paper rates per cent high
per cent with leaning 70 the latter 6gure me market
Tor Eastern exchange heavy and rates feeby sus
tanned The supply s not large in the aggregate bot
most Of the dealers In want Of currency and In
ticipaon OF lower figures they anxious TO realize In
some concessions made bankers checks,
and portion OF the drawers manifested disposition TO
open TO morrow at q premiun ing, and 70 premium
selling but understanding arrived II in this
gard up TO the close OF business
AT New Orleans, says the Bulletin of the sth:-
Business Of nearly every description has considerably
increased during the past week. the opening OF
augurs favorably for the future Of the fall trade The
ney market continues inactive however, and the supply
Of capital 10 entirely dsproportonate TO the demand for
accommodation. Strictly Al commercial securities
in active request but there very few OF them the
market, and lower grades which somewhat abundant
attract special notice and cannot be placed inside Of
our last quotsons. The banks take oil the unexcepons
BILE that offered TO them and the market
buoyAnt 1t the following rstes-Aortgase city paper,
highest grades o. mortgage country and second class
paper IL fsctors acceptances (AD 0to IL months 8;
do do months and under, 7i long paper, good 10 No.
2, 10; long loans ON first class collstcras, g. The
exchange market has moved along very steadily
during the week, and quotabe variation ranspired 10
rates OF any description from the opening 70 the close.
Offerings Of both foreign and domestic continued quite
limited but they proved ample for the demand, which
inactive throughout. We quote folows-Clear
sterli bills % 10 per cent premium; bank rates 10
l01s per cent premium; bill Of lsding drafts, 81 81
per cent premium francs Is g. 20 per dollar sixty day
bills the North, per cent discount: sight, par
a per cent premium. No change has occurred in the
rates Of any class OF coins this week. and previous quota
ions st uniformly main tanned Receipts
limited 80 900 from Tuspan and slo9 900 from Bazos
Santiago and exports amounted TO $3.50 900, divided
six shipments, all for New York.
To aap,;roS IA. Tho Narnnh;s and IN rna A