Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-02-11
MONETARY AND COMMERCIAL
Monetary.

Monetary.
Monetary matters are as likely to be as
easy and quiet this week as they were last,
and we look for no particular change in any
department of finance. The stock of Cur
rency has been rather augmenting of late,
but not materially; the receipts and disburs-
ments being about equal from day to day.
Business will probably continue inactive
through the present month, and some of our
merchants will have to employ certain de-
gree of energy to meet this Indebtedness,
which they will, however, no doubt punctu-
ally discharge.
The selling rate of Eastern Exchange, un-
less the supply increase, will go up within
day or two to %@A premium, as dealers
were unable, at the close of the past week
to supply any but their customers at Il pre-
MUM. Baltimore cheeks will probably rule
at about ID premium.
We see no reason to look for any altera-
ton in New Orleans Exchange or any
greater briskness, though in the event of an
improvement in Eastern funds, Coin will also
be held higher.
The price Of Western Currency will, of
course, depend on the rate of Eastern Ex-
change at Chicago and st. Louis, and at
present the fluctuations of the market can
not be conjectured.
Fridays Times observes of Thursday New
York Monetary matters;
We have a quiet day to report in Money
and Exchange affairs. There is only moder-
ate employment for Money on temporary
loan, beyond few transactions in Treasury
bills. The demand for Discounts, by first
class merchants, is also within the ability Of
the Banks at per cent. The difficulty with
large share of mercantile credits, grows
out of the recent private extensions of time
and other accommodations TO the jobbing-
houses embarrassed by light sales and worse
| collections.
This process, while not amounting to
| failure or an actual suspension of payment
| creates distrust in the open market of al
siDgle-name Paper not embraced in the
strictest classification of No. l. There il
some appearance of partial revival Of trade
| this week among the jobbing-hOuses, bu
our Custom-house returns Of yesterday show
| but too plainly that the amount of business
going on is greatly below the corresponding
period of last season. In Exchange we hea
| of Merchant Bills on England at l041<9l05
and Bank and Bankers quoted at l05H@
1861 per cent.
Saturdays st. Louis Democrat remark
concerning Friday:
The demands for Exchange were in exces
of the supply to day, and the sales were gen
orally at 6 per cent. premium on the Ea'
and New Orleans. Some purchases weI
made outside by grocers as low as 81, bU
there were more that could not buy even {
G per cent. As the selling rate at Chicago
6H@7, there is more prospect of an advanC
here than a decline.
In Money matters there is little doiI
other than in Exchange. The state of Il
Currency of this and our neighbOring Sta
= of Illinois, is occupying the earnest though
q of the legislators and people. Our oV
!, Legislature has deferred the discussion
the matter until next week. Some whol
. some provisions have been brought befo
il, relating TO bringing our Currency up
a Specie value; but it is too much TO no
that any thing so salutary will be engraft
s upon our Banking system.
q A large number of New Orleans pap
q arrived here yesterday morning; some
Z them having been due for several days. ]
1t Bank k-statement of thatcity for the week ell
y ing the "a, shows the following changes:
crease in Short Loans $9l, 342i increase
T. Specie, $l7242O; increase in Circulate
d $372, $40; increase in Deposits, 1888, TAI
y crease inExebsnge, s6l2, S6l; increase
n distant balances, $5,457i increase in Ii
Loans, $64s,43l.