Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-02-18
MONETARY AND OOMMEROIAL4
FinnnciaI Affairs.

Inc coming week promises no more ac'
tivity in Financial circles than the two that
have just passed, and we look for no mate
rial improvement in Monetary matters,
which will probably continue easy, with very
few offerings of prime Paper either at Bank
or in the street. The little making now is
usually done at 10@l2 per cent for Gus
toners in the regular quarters, and in the
street there are few borrowers rates for
good names being about 1sper cent.
Eastern Exchange, we presume, will rule
as it has ruled, at Il premium, on the three
leading cities, and par on Baltimore the
buying rate remaining N@% premium on
the three points, and A@k discount on the
aforementioned.
We anticipate no alteration in Gold or
New Orleans Exchange, but think that
Western Currency-MissOuri, Illinois and
Wisconsin notes-will be lower. In other
Uncurrent Funds we anticipate no particular
change.
Friday evenings New York papers did not
arrive yesterday morning, of course. Fri
days Herald says of Thursday last
The Money Market is without change.
Some failures continue to occur, both among
houses in the Southern trade, and among
houses which were really ruined in 1857. and
have since been struggling along in the hope
OF better times. But it seems to be expected
that a fair business will be done this spring
with the West and North.
Foreign Exchange is dull; rates for Bank
ers' bills are about l04L@l04%. The mar
ket will not fairly open till tomorrow.
Saturdays st. Louis papers remark, under
date of Friday evening:
Exchange was quiet at yesterdays selling
rate-61z premium for Sight on the Fast
and South. Some sold as low as per cent. :;
and, with the present state of navigation,
we may soon look for lower rates.
There is yet extreme quiet at the monied
institutions, owing to the general stagnation
in business. The Banks are not anxious to
do business at present. and borrowers are
few. Almost everything in the shape of
Paper from the South comes back protested
for non payment.
Friday evenings Chicago journal informs
US:
Eastern Exchange is quiet, and the mar
ket weak at SOS per cent. premium. Cur.
rency in good supply. Gold in limited re-
quest. There was good inquiry for Wheat,
and the market was firm and advanced Nc,
with sales of about IL, 900 bushels at 78c. for
No. /, and 73%@73zc. for No. Spring, in
store. Flour was in fair demand, but buyers
and sellers are apart in their views, aud the
transactions were light at 81 1904 25 for
fair to good Spring extras, and 50 80 for
| Spring superfine.
Corn was firm and steady at yesterdav's
prices, and some 80, 900 bush, changed hands
at 2sc. for yellow, 26A@27c for mixed and
24c. for rejected in store. Nothing doing in
Oats. Rye dull, and sales hard to effect
Barley steady. Dressed Hogs are quiet and
| 6C9lOc. lower, the warm weather aud light
receipts tending 10 keep buyers off, Some
300 head sold at $6@6 10, dividing on zoe
lbs, and Sc Is for heavy. Mess Pork in good
| demand at $l6@l6 25. Lard dull. High.
| wines steady. Glover. seed in good demand
Timothy. seed quiet. Hides duh but without
| quOtable change.
Thursdays Picayune says of Wednesday
New Orleans Financial affairs:
The tone of the market is substantially tht
same as yesterday, but with further tend.
ency to lower rates of Exchange. Money
affairs are very quiet; indeed, there is no
| enough doing to make them the subject o.
remark. A few first. class names are in de.
mand at n@l2 per cent, but beyond thil
| very small circle we hear Of no transaction
2f note, Prime short Paper is taken by thC
BANKS to the extent of the offerings, which
are limited.
Foreign Exchange remains heavy ant
dropping. Very choice Clear Sterling wa
bought at l02A, the current range being
from l0l@l02% for such names as command
preferencej but other good signatures
were taken direct at l00@l0l. There Is but
little doing i'll Bill Of Lading Drafts, and W,
quote them at o99991E. Francs are very
slow at an extreme range of 621<05f5 521S
Sixty. day Bills on New York were sold to 1
fair extent at 21z@2S and az per cent. dis
count A single line of 800 coo was taken
at the former figure. Sight WAS duller Al
H@H discount, with casual sales at A dis.
count. Bankers drew slowly at n, and the
Banks check at N@% discount.