Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-06-04
MONETARY AND COMlIERCIAI.


N@NAoe OfsJ DoiahVon NoFt
auRmenting. ~ 5I sf.I
Eastern Exchange was quiet although
rather steady, at q premium selling; the
buying rate being par OK, though none bui
customers receive the latter figure.
Gold was inactive a. u buying and K@N
premium selliOg; the latter price for retail
ers. ID.
iUncurrent Funds were without particular
alteration, closing as follows:
New Orleans, 4@5; North Carolina, 400
6O; Pennsylyana Cintetiorl 81; Virginia
i5i, other solvent Virginia 20a2b: Mis-,
gouri, 17@l6; Iowa, SOLO Wisconsin (~solvent)
l0@20i Wisconsin (discreditedl 65@79 Iii.
nOis (solventl 25@50; Illinois (discreditedl
65@7G Maryland (interior), 5@l0; Tennessee
(old Banksl 17@20; Tennessee Gree Banksl
2C@2bi Michigan and Canada, B Alabama,
80 South Carolina and Georgia, 30 discount.
Kentucky notes were still selling at 2
discount, though round lots might have
been sold Il better, as Eastern Exchange was
lower in Louisville.
Our rates Of Exchange and Gold were as
follows:
g9yfns. .ssuiag.
ssSsT dSTS sight. pare prem. prem.
hAhAupApAlAsssasss phE UN4 nTtms - prom.
..par@H prem. X prem.
altiDore..ss..s... ~ dis. par
American Cold. par@X prem K@K prem.
Flour was quiet yesterday, the transsc-
lions being confined to small sales, and the
market eyincing a downward tendency.
About 200 barrels of Whisky sold at l2c,
and Groceries were unchanged; the demand
continuing moderate. Nothing worthy of
mention occurred in Provisions, and prices
were nominal. Prime and choice qualities
of white Wheat we're still in fair demand,
with only a light supply, and a further de-
cline of &c. per bushel occurred in red.
Corn, Oats and Barley remained dull, and
Rye rather steady. -
The Imports and Exports Of various arti-
Giles during the fourty. eight hours ending
yesterday noon were as follows: at
Impor.-Apples, % barrels; Barley, I,21l
bushels; Butter, Ito kegs; Corn, l,506 bush
ele; Coffee, SOC bags; Flour, 936 barrels; Hay,
% bales; Lard, 13 brls. and 8 kegs; Oats,
1884 bushels; Pork and Bacon, 9 hhds. and I
t%ierces, a boxes, and LOGO pounds; Potatoes
Sl7 barrels; Rye, 30 bushels; Salt, TAI bar
rIels; Wheat, 6,253 bushels Whisky, BOG
barrels.
Exports-Apples, 40 barrels; Butter, Is
kegs; Candles, 299 boxes; Cheese, 3l5 boxes;
Coffee, 302 bags Flour, 9I5 barrels; Mo-
lasses, 65 barrels; Malt, 1910 bushels;
Pork and Bacon, 95 hogsheads, 60 %tierces,
$50 barrels; Potatoes, 80 barrels; Rye so
bushels; Sugar, l0T hhds Salt, "a barrels;
Wheat, $40 bushels; Whisky, 376 barrels.
Yesterdays Louisville papers observe:
There is no feeling of animation in the
Money market. Loans are not much needed
10 business transactions, SO completely clog
ged are the wheels of trade, and discounts are
rarely sought and less rarely obtained. Ex-
change on the East has become weaker, and
was offered on Saturday at l@2 per cent.
premium, the buying rate with the Brokers
being A@l per cent. New Orleans Exchange
is exhausted, but there is not much demand
for drafts on the South. The buying rate is
X@l per cent. discount, and the selling rate
par to Il per cent. premium. Currency here
is about as last reported. .
The following is a comparative statement
Of the Imports OF Foreign Dry Goods at New
York for the past week and since January L;
Ed For de At Se tSs nor, 1924 e. oss 1sgS; LsSA
Thrown on marAet".. 1,7s7,O79 1884 266.6i7
S;nce yGTnGrg !; AZ .o- Oh !, ooo ~ }. go, ,.o
TbTGwn on market. iS,isai.i is 45'557S,SSo %s7,GOi,Gsi
Our Saturdays New York exchanges
thus refers to Fridays Stock market:
The business at the Stock Exchange con
tinues to present the same features which we
have noticed for some days past. The only
active Stocks on the list are New York Cen
trail and Illinois Central, which the jobbers
OF the Board and the street are buying and
selling on time, with a view to a fractional
profit on q turn. The Commission Brokers
are doing little OF no business. Stocks flow
into the street from outside very slo WY, and
Money is so easy OIL call that the operators
for the rise experience no difficulty in carry
ing all that is offered. Hence prices are
msintsined by the scarcity of Stocks at fig
uIes which are neither warranted by the
business of the roads nor justified by the
financial condition and prospects of the
country. Seventy cents on the dollar is far
too much to give for six per cent. railway
stock like New York Central, when the ne
six and seven per cent. Stocks of the North
ern States promise to sell below that rate it
is a mere fancy price for a Stock like Illinois
Central, which pays no dividends at all. 7
Still, 60 long as the bears continue to put
out their short options without considering
where they are to get stock for delivery, it
must be expected that the market will be
maintained. There was a further supply of
slave State Stocks from the West this morn.
ing, which enabled the shorts to make their
deliveries with ease; Virginias declined 4,
and Missouris e. There was no material
change in Governments or in Pacific Mail,
New York Central, Illinois Central, Galena
or Michigan Southern. Toledo advanced
II, Rock Island u, and Erie u. At the
close of the Board the market stIffened up,
and there was at one time in the streets a
pretty active demandf for Stock for delivery
especially Illinois Central-the books of
which open tomorrow. At the Second
Board the market was dull, but prices were
no lower. Stocks closed firm.
fridays New York Monetary matters are
thus mentioned in Saturdays papers:
The Foreign Exchange market was only
moderately active TO day. Bankers were
buying Produce Bills at l04X@l05, and sell.
ibg their W Exchange at IO515@A. The
cessation Of cotton shipments, consequent
upon the blockade, must cause an advance
in Bills sooner or later, unless our imports of
foreign goods should decline 80 per cent.
There is nothing new in Money. We hear
OF some sales Of good Paper at 8 per cent.
There are still names which pass at I. One
million of the new Government Bonds ar.
rived this morning from Washington. Oar
Banks are losing Money heavily this week,
not only TO the Sub treasury 10 payment of
the Loan, but also to the West, which is TAX
ing over 800, 600 in coin from US daily.
Saturdays Baltimore American informs US
respecting Friday last:
We have no actual improvement to note
in either commercial or financial affairs dur
ing the past week, although, in some de-
paTtments Of trade, a shade more activity
was Observable. In the Money market there
is no change for the better 70 note. There
is an abundance of Money here, but with the
present war spirit raging around aud about
us, capitalists do not feel deslrOus of invest
ing. There is no Paper Offering on the
street, hence no quotations can be given
and at Bank there is nothing doing, ave il
renewing Paper as it natures. Exchange
on New York may bequoted at par, although
the Brokers are still charging u per cent
Foreign Exchanges are ia better demand