Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-09-10
MONETARY AND OOMN@CIAI.:



Mondays are generally quiet days on
Third-strset and yesterday was not an e1-
There was no vatiat,on in Exchange, the
buying rate being at par, and selling at a
premium.
Gold is bought at 4 premium, and sold at
40c.@h. ...i, n.
In Uucurrent Funds there fs no change.
Kentucky was purchased Ht q per cent. dis.
count, and sold at u. MissoEEi was selling at
per cent. discount.
Treasury. notes were in deueud at 98Xc,,
and a number changed hands "a that figure
They appear TO be particularly ssught after
The ST. Louis Democrat Of Saturday Hays:
"The whole army of money. changers in
this market did about as much TO lay as a
fifth rate broker would consider taiI break
fast spell, in ordinary times. There was no
change in prices, and Exchange was steady
at per cent premium for bansable
funds"-what a burlesque on terms land
Gold 7@7H. Treasury. notes are in request
but we could hear OF none offering. Uncle
Sans credit is too good just now for holders
of his Pepper TO fool IL away, and every body
seems to be eontented TO hold on to it, as Il
bears good interest, and is constantly ad
vancing in price"
Saturdays Tribune, speaking of affairs on
Friday, says;
1.-THE volume Of business at the State Board
continues to increase, and the feeling among
operators is very hopeful The movement
meets with very little resistance from the
bears, who appear so have taken in most of
their shorts, and withdrawn temporarily
from the market. The recent Federal sue
cesses, and the advices from the South to-
day, are having very favorable influence,
especially upon Government securities. Con-
fdence in the ability of the Government to
bring the present war to triumphant end,
is growing as rapidly as it was lost after the
battle of Bull Run, and this feeling has
brought some aid from the outside to the
bull movement in the street. The amount is
not yet important, but it may be the begin
ming Of important action. The dealings in
shares have again become as important as
those in State bonds, and the quotations to-
day are in nearly every case higher. Gem
tral and Erie, Notwithstanding the reduction
of rates of passage and freight, are buoyant
| The former advanced to "a and the latter to
! 25%. Some purchases of Erie have been
made to day for English account. Of the
Western shares Galena, Illinois Central and
Rock Island were the most buoyant. Galeps
improved to 69M against 6S4 yesterday and
! Rock Island to 435s; Michigan Southern was
also better. Illinois Central, on orders to
purchase from the other side, advanced
rapidly to 67M, an improvement of per
cent.
| Pacific Mail was in demand, and sold as
! high during the day as 77X against 77A
! yesterday afternoon. At the Second BOARD
the dealings were larger than of late, ant
the advance in the speculative shares wa
very marked. Rock Island again improved
to 44H Galena sold at 6915. Illinois Cen
tral went to 6SM, and Erie to 25M bid. Tht
impulse was given to the market by the dis
patches in the evening papers in regard Il
North Carolina affairs, and it continued VI
to the close of business. In the State Bono
market the transactions have been large
reaching $l50000, with no important change
in prices, but generally an upward tendency
The supplies of these Bonds, from Westevr
Banking Departments, are cut off. Govern
ment Securities were very buoyant, aud il
active demand. The transactions add NJ
$2l5,000, in addition to some considerable
purchases which we're not registered. Th,
Sizes Of 1881 sold at $4,000; those Of 1856
at 95H 1867 and 1868 at SO; the Fives O
1865 at 81; of 1871 at 80%. Treasury. note
were very firm, and sold at l0l for IL pc
cent, and 98Ss@98N for 6,per cent. AT tn
close the market was firm"
Regarding Treasury notes. the same pape
says:
"The applications at the Sub Treasury 70
the National loan are more numerous to- da
budu On any uhy SiuCe tuo llSb WAS Op6ueC
but the amounts wanted are generally small
and the aggregate of deposits is onl
$347000. The whole amount of subscriI
tions, outside of the Bank, taken is, in roun
numbers, 81, 100000. The Secretary is abou
to establish five hundred agencies in variou
parts of the country to obtain subscription
to this loan, when the amount taken will b
very largely increased.
The Treasury draft, before alluded to, 70
81, 100000 on Mr.. Stevens, the Chairman c
the Bank Committee, being six per cent o
the loan, has been received, and the bank
will pay it to morrow. This will make thirty
six per cent, or $l2, 900, ,OOO paid up.
The market for six per cent Treasur
Notes, outside the Stock Board, is very a,
tive and buoyant. The demand comes part
from insurance companies, &C., for inves
ment, but mainly from merchants, for Il
payment of duties, and from banks, whiC
anticipate profitable use of them in Oct
ber, when the second fifty millions of Il
loan must be taken. The sales to-day hay
been very large at ninety eight and hs
up to ninety-eigh and seven eights, at whic
latter price $4,000 were sold at the close.