Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-06-28
MONETARY AND COMMERCIAL.
Financial AGaIrs.

A@-AA1AN-A
There was no excitement in Money mat
ters yesterday-all quiet. .l|
There was no change in the rate Of dis
count for first-class Paper, and outside not
entertained at any rate.
Eastern Exchange remains quiet, at so
q premium, selling; some dealers calling
it steady at the latter figure.
Gold continues scarce and very firm, at
Lo. premium.
Pennsylvania, Canada and Michigan Notes
are purchased to-day by some houses at
lower rates than they have been; the first
going Tat 3@31S, and the others at dis.
count.
The prevailing rates of Uncurrent Funds
are as annexed:
"Kentucky, l@1N; New Orleans, A; North
Carolina, 30950; Pennsylvania (interior), ga
81; Virginia wheeling City,, 10; Wheeling
Branches, 10; other solvent Virginia, 20;
Missouri, l2@l5; Iowa, 395; Wisconsin (sol-
vent( 40(950; Wisconsin (discredited(, 65C170;
Illinois (solvent) 40@50; Illinois (discreditedl
60@70; Baltimore, 2@3 Maryland (interior(
| 3; Tennessee (old Banks), l50l7; Tennessee
| Gree Banks6 20@25; Michigan and Canada,
| 293; Alabama, 30@50; South Carolina and
Georgia, 3O@5o discount"
Nothing transpiring at St. Louis. Ex-
change was tride lower IL per cent pre-
MUM being the rnling rate for Missouri
| Paper. In Produce business was dull. Prime
Oats, 2lc,; Corn, lsc. The Republican of
Tuesday says
"a lot Of new Fall Wheat was on sale, and
brought 77e. per bushel. Fair Potatoes
were offered as low as &c per bushel. Whisky
was tTmer, and quoted at l3c. from short
supplies"
The Chicago Journal of Wednesday even-
'There is a fair demand for Eastern Ex-
change, and rates are steady at par@L per
cent. discount for Gold; a per cent. pre-
MUM for Eastern, and per cent. premium
for Ohio and Indiana Currency. Gold is in
lair request at "a per cent. premium for
Eastern funds, ~ per cent. premium for
Currency, and 8 per cent. for Free Indiana
and Pennsylvania"
No change at Louisville in the rate of
Eastern Exchange. On New Orleans il is
quoted at per cent. buying and u per cent.
selling with the Bankers.
The New York Tribune of Wednesday
says;
and the business of the Land Office will show
no marked changes from June last year.
The Currency troubles, and the low prices
Of Corn in Chicago have some influence upon
the business and the latter cause had rem
dered it necessary to reduce the rate of freight
on that article of produce in order TO enable
the farmer to move it to market. This Com
pany has remitted the interest due in Lon
don, and has the funds provided for the in
terest on the full paid stock, due lst July"
From the same journal we clip the follow
ing:
ut is understood that the Secretary of the
Treasury favors popular issue of Treasury
notes to large amount, as a means of sup.
plying the financial wants of the Govern
ment, rather than recourse to loans. He
may not, however, consider this practicable
| t. Il = IL.
lated among the moneyed men of Wall-stree
for signatures, urging the Government tC
adopt the Stock or Bond system rather thar
the issue of Treasury notes. In regard tC
Mr.. Ihompson's financial scheme, he says il
his Reporter:
"'The plan is similar to the Currency De
partment of the Bank Of England. The pro-
. posed issue of circulating notes, like tn,
Bank of England notes, are to be baseC
) partly on Specie and partly on Gov
ernment Stock, and to be convertible
into Specie on demand at the option of the
holder, as are the Bank of England notes
The Government to make up any deprecia
tion on the Stocks in case q sale become
necessary to replenish the Specie for redemp
tion. The Bank of England, on holdinI
q 9T4, ,ooe, 600 Sterling Of Oonsois, aud 8l0,
, 100000 Specie, issues f24, 1000, 900 of notes
Our plan is simply the same The Unite,
States being the promisor in our case, in
stead Of Bank of England.'n
i Wool IN MIoHIGAN.-At Monroe COZ
) siderable amounts have been taken on East
ern account at 5030c.-averaRing 27c, A
: three points in Macomb County, light lot.
> aggregating some 1000 lbs., have been take
Z on Eastern account at an average of 232<C
AT Niles some Gales have been made on East
: ern account at 20@23c. for common, an
' 25@30c. for fne-rates l2@l5c. below las
!, years figures. At Saline, we learn there |
: only one buyer well supplied with funds
| who limits his views to 27@2Sc. At PLY
5 mouth, up to yesterday, only one lot ha
+ been marketed, which was taken at 300. A
. Hillsdale we hear of sales of some 1000 lbs
: at 25@2sc. At Jonesville Wool was begin
r ming to arrive pretty freely, and was 5ellinl
at 2b@30c. A correspondent at Dexter in
forms us that 400 lbs had been taken at
;. range of 25@2sc.-l6c. below the price c
2 last year. A buyer in Parma has taken som
l,200 lbs. at 2sc.-l4c. below last year
prices.
: The New York papers of Wednesday repor
small sales of new clip at 2O@25c.