Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-15
MONETARY AND COMIEROIAL.
EinnnnInI AnhIrn.

lueTe were no changes III hACndnBe UT OOlus
We quote as follows:
BuwnO. Selling
New York Sight 4 prem.
Philadelphia ......,.....par. q prem.
ii,s,........., dis apar k@i prem
prem. - gh prem
The following are the prevailing rates for
UDcurTent Funds:
"Kentucky, K@2S; New Orleans, 10; North
Carolina, 30; Pennsylvania (interiorb q;
Virginia wheeling Oityl 10; Wheeling
Branches, 10; other solvent Virginia, 20
OPS; Missouri, 10; Iowa. b Wisconsin first
CLASSY 1920; Wisconsin (discreditedl 80
@6O Illinois (6rst CLASSY 10; Illinois (dis.
credited6 10000; Baltimore, /; Maryland
(nteriorl 3; Tennessee (old banksl Is;
Tennessee (free banks) %; Michigan and
Canada 293; Alabama, 30; South Carolina
and Georgia, 30 discount"
Treasury notes, bearing date September
l3 are in demand at eS]Ic,, and other dates
at 99c. fiat"
Thompson'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.
81. All notes made to company or corpor.
alton, and Endorsed by an officer.
"3. All notes that have erasures or writing
on the back.
"ln 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.
"In relation to Endorsements of notes made
payable to company OF corporation, the
Government requiies a certified copy of the
resolution OF the board of directors empow-
ering such officer to indorse and dispose of
such notes.
I'm relation to erasuTes, we would observe
Al,N = a..
or the Government that the erasure was not
made to cover fraud"
TN 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 If
! 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:
"The market for Money is fairly employed
at per cent, at call, on Brokers' Loans,
while Discounts, outside of Bank, are 6G17
per cent. on strictly prime Merchant Paper,
of which the offering continues moderate.
Exchange on London is firm at 1075z0l08
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 so 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 centage, 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 360 to China The Ootton-mill 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 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 oul
market with shipments of cotton from theiI
mills, preferring to meet ready sale OF the
raw material rather than to work the staple
on such basis. We report no change in
8 the general market for Cotton Goods. Brown
Sheetings maintain previous prices. Drill
are without change. Printing Cloths hav,
! not advanced as rapidly as expected by tt.
| most saDguine, but are held with great firm
ness. The sales at Providence for the weel
have been large, and are as follows: