Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-16

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The following are the prevailing rates for
Uncurrent Funds:
'Kentucky, N@9I; New Orleans, 10; North
Carolina, 30; Pennsylvania Qnteriorl 2;
Virginia wheeling Cityl Is; Wheeling
Branches, ID; other solvent Virginia 20
@25j Missouri, l0i Iowa, 3; Wisconsin (drst-
CLASSY 15@2O; Wisconsin (discreditedl 80
@60; Illinois (first. CLASSY 10; Illinois (dis-
cTeditedl 10000; Baltimore, L; MARYLAND
(interior6 B. Tennessee (old banksl, l5;
Tennessee (free banks), 25; Michigan and
Canada, 293; Alabama, 80; South Carolina
and Georgia, 30 discount"
Treasury notes, bearing date September
l3, are in demand at 9S]1c,, and other dates
at 99c. fiat"
Tbompson's Bank Note Reporter has the
following advice to buyers Of Treasury notes;
"Dealers in Treasury-notes are beginning
to have trouble with irregular and informal
Endorsements. Better refuse as follows:
VI, All Endorsements by power of attorney.
20. All notes made to a company or corpor
alton, and indorsed by an officer.
"3. All notes that have erasuIes or writing
| on the back.
''In relation to Endorsements by power of
! attorney, the Government will not acknowl-
edge them unless the power is on file with
| the officer where the note is offered.
| "ln relation to Endorsements of notes made
| payable to q company or corporation, the
| Government requiles a certified copy of the
resolution of the board Of directors empow-
ering such officer to indorse and dispose of
| such notes.
Tin relation to erasures, we would observe
that it is very difficult to convince a buyer,
or the Government, that the erasure was not
made to cover fraud"
tin issuing notes for duties the importer is
required to indorse them, thereby guaranty
ing all Endorsements. Dealers, in law, are
liable if they pass any kind of forgery or ir-
regularity through their hands; hence pre-
ference is given to notes with the payeeS
name only on the back"
The Money market of New York city is
thus quoted by the Tribune of Friday
1.-THE market for Money is fairly employed
at 6 per cent, at call, on Brokers Loans,
while Discounts, outside of Bank, are COZ
per cent. on strictly prime Merchant Paper,
of which the offering continues moderate.
Exchange on London is firm at l07M@Dl0e
per cent, while the Continental Exchanges
are comparatively easy. The proportion OF
Grain and Flour. going forward to France is
unusually large"
The same journal says, in relation to the
Dry Goods market:
1.-THE activity in the Dry Goods trade for
the week has been chiefly confined to the
jobbers, the package.houses not being 80 act
lively engaged as previously reported. Those
houses which have survived the panic, and
are able to present new and attractive assort.
: ments, were never making, in the aggregate
larger sales, and were never doing more
safe and profitable business. Making large
per eentage, they meet the advancing ten
dency Of prices with spirit, which strength
ems holders and imparts an improved tone to
the general market. The export trade has
been moderate but satisfactory, although the
clearances are reported as only 400 bales, in
cluding 300 to China. The Cotton-mills in
some sections are starting up on short time,
working up their stocks of Cotton, which
will give us, in few weeks, fresh supply
of Goods, for O time at least, which will in
vigorate trade, as the stocks at present are
so small, OF desirable styles, our jobbers can
not supply their orders.
"Other manufacturers are supplying ouI
market with shipments of cotton from theil
mills preferring to meet ready sale OF the
raw material rather than to work the staple
f on such a basis. We report no change in
, the general market for Cotton Goods. Brown
Sheetings maintain previous prices. Drills
are without change. Printing Cloths have
I ! not advanced as rapidly as expected by the
! most sapguine, but are held with great firm
i ness. The sales at Providence for the weeb
!. have been large, and are as follows: