Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-27
MONETARY AND OOMMRCIAL:
Financial AEaIrs.

Exchange was some firmer this morning,
being taken at par and sold at a per cent.
premium.
Gold is sold in small lots at Il per cent.
premium.
The discount on Kentucky Money ad-
yanced TO a per cent.--the Peoples Bank
having no sale. It is proper TO state that this
Bank is owned in Louisville, and that the
proprietors announce that all the available
assets had been removed thither some weeks
ago. The prospect is that arrangements will
soon be made TO reinstate IL in public favor.
Treasury-notes were selling at 98c.
AtChicago, on Thursday, there was a good
demand for Exchange, and rates were firm
at M@X per cent. premium. Currency was
in demand, and the supply abundant.
The st. Louis Democrat of Thursday quotes
Exchange at 5h to per cent premium for
Bankable Funds and Gold at 6H to per
cent. premium. The same paper has the fol-
lowing in relation to the Farmers Bank Of
Lexington:
"Many Of the institutions have thrown 1t
out, and merchants are very shy of it, and
would as soon not take it. We believe the
Banks of this city generally are disposed to
half take it, that is, receive it on deposit,
subject to be checked out in the same. We
regard this matter of special deposits as a
snare, which leads men into doing thing
A special deposit is, TO say the least, par
tial discredit of the Money thus received, and
can only work harm by inducing hope
that it will be all right, which hope is seldom,
if ever, realized.
''While we do not wish to startle the COM
munity, or lend our columns to the getting
up of money panics, we nevertheless give it
as our deliberate Judgment that the Farmers
Bank of Lexington is irrevocably lost, and
&c 1ao Cd
| We base this judgment quite as much upon
the action of the Banks in receiving it in the
manner they do, as upon the action of the
Bankers in throwing it out"
The following, relative to Money matters
at New York, is from the EUening Post Of
| Thursday:
"There is no unusual activity in Money
on account of the two days payments falling
into one. The supply is liberal on call at !
@6 per cent, chiefly at g. Fhst-c class Paper
goes readily at 6@6% per cent, though is
the rate for most of the good Paper on the
market.
"The Foreign Exchange market closed ex
tremely dull at l08H@l08%. The Banker
are not buying at present. The trade de
mand is very light, and must continue 81
for some time to come.
"There was great activity in six per cent
Treasury notes, the sales at the Board thi
morning reaching 100000 at SO. At thi
reduction new buyers have come forward
taking the chance that the Banks and Gov
ernment will see the Importance of no
changing the original programme of admit
ting these Notes in part payment of subscrip
tions to the second fifty millions of the 70
loan. Every additional fall in the price G
these Notes renders the 730 Notes at par les
desirable, and no move should be made whic
would be likely to initiate against the merit
and popularity of the National Loan.
Government Skies of 1881 are %@H pc
cent. higher, and the Skies of 1868 are ais
held for an advance The Elves of 1874 ar
in demand at S0H@80M.
1.-THE Bank Committee and delegates frou
the Boston and Philadelphia Banks are i
session this afternoon, to consider the ques
tion of taking the second fifty millions of tn,
National Loan. The option expires on tn
first of October