Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-06-20
MONETARY AND OOlIlIEROIAL.
Financial AanIrs.

little more business was done on Third
street yesterday, but we have no changes to
make from the quotations Of the previous
dSy.
Exchange ON New York, Philadelphia aud
BostoN was selling at 4 per cent. premium,
and Gold was at the old quotation Of a
premium.
In Kentucky Money there was no change,
although several Louisville buyers were in
the market.
We quote Uncurrent Money as follows;
Kentucky, 1@lX; New Orleans 3@5;
North Carolina, 80 Pennsylvnnia (uterior),
3@5; Virginia (Whesling City1 10; Wheeling
Branches, 10 other solvent Virginia, 2O@2&
Missouri, 10; Iowa, 30b; Wisconsin (solvent)
l5@2O; Wisconsin (discreditedl 65C97O Illi.
nois (solventl 40; Illinois (discreditedl
6O@70; Maryland (interioYl 3; Tennessee
(old Banksl 1920; Tennessee (free Banks1
2O@25; Michigan and Canada, 3; Alabama,
so South Carolina and Georgia, so discount
From the Louisville Journal Of Wednesday
we take the following:
Money matters are at perfect stand still.
Our bank was never safer or more secure
than at present, although attempts have
been made elsewhere to discredit Kentucky
Currency. II was believed that the act
passed at the last session Of the Legislature
legalizng suspension, &c, would be hailed
as favor by the banks but persons abroad
who are interested should know that our
banks sought no such legislative favor, and
that they will not avail themselves Of the
benefits Of the act. Bankers draw freely on
New York at Ia per cent. premium, and
pay l premium. New Orleans exchange is
dull and nominal at par selling, and l per
cent. premium buying.
The New York Times of Tuesday gives the
following Bank statement:
The weekly averages of the Banks of the
City of New York, on Saturday, June 10,
1861, present in the aggregate the following
changes from the previous exhibit of June 8
Decrease in s2Oit 25i
Decrease in cuatioD................,., 255 $50
Increase in Uudrawn cposits...........,. $50 O3l
The same paper further remarks:
The Bank return shows as anticipated, a
further large reduction in Loans and Dis
counts. The line is now down TO one hun
dred and fifteen million. Deductiug from
this the Government Stock and Treasury
Paper held by the Banks, the Merchant Dis
counts are probably as low as atany time dur
ing theextreme depression oftrade in the win
ter season of lS57-59 The volume of daily
business or interexchapges through aud be-
tween the Banks is also down to the scale
which then obtained for several weeks.
The daily clearances are less than fourteen
and half millions, against twenty four aud
half millions this time last year. The
Specie average is up nearly million aud
half from last Monday, and the average is
still rising one; although considerable
sums have been forwarded to the North
west and to the seat of Government A
further sum of $s05O00 of English Gold is
brought in this afternoon by the City Of
Baltimore.
The Stock Exchange, which closed on
Saturday rather on the declining scale, re-
opens for the week with more 6rmuess, aud
while the speculative movement can not be
termed active, or even general, OF very
confident the orders at the Board indicate a
fair disposition to buy at the going prices.
The demand for the border State Stocks is
especially strong, in the face of continued
heavy supplies from the Banking Depart.
ments of the West, and the almost certain
default of interest payments on the lst of
July.
The following is a statement of the trans
actions at the Philadelphia Clearing house,
for the week ending June Is, as furnished
by the manager Geo E Arnold Esn