Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-03-14
MONEfARH AND COMMERCIAL.


A
are very fair at the Discount houses, where
customers are accommodated at lo@I9 per
cent. per annum; but in the street there are
few borrowers who can offer acceptable
names. The stock Of Currency is o larger
than II was Htthe beginning Of the week, but
there is no surplus, and an active inquiry for
funds would soon cause considerable close
ness in the market.
Eastern Exchange ruled very firm and
closed SO last evening at 4 premium, on all
points; some dealers paying as high as Acc.
on New York and %@4Oc on Philadelphia.
New Orleans Exchange declined, and is at
present nearly nominal at H@X discount
buying and par@N premium selling. Gold
was and is quiet at h@% premium, the
latter the retail price. The demand and the
supply are light.
In Time. bills there were very few tran
sactions; lo@l2 per cent. being the rate, as
before, for sixty-day Drafts on the East.
On New Orleans there were no transactions.
Uncurrent Money underwentsome change.
The New Orleans Notes having been added
to the list, ere selling at %@ldiscount. For
other Banks the rates are:
Indiana Stock, ~specie-paying, H@%; Penn
sylvania Cnteriol6 B Virginia, Wheeling
CITY, 8; Wheeling Branches, 6, other solvent
Virgins, 6; Missouri, 8; Iowa, 8; Wis
consin, Z; Illinois, solvent, Z; Illinois,
suspended, 20; Maryland (interiorl s; Ten.
nessee, old Banks, 3; free Banks SOLO;
Michigan and Canada, 3; Alabama (MobileG
SOLO; Alabama (interiorl 10; the Carolinas,
10; and Georgia, 10 discount.
Our quotations of Exchange and Coin last
evening were as annexed:
sew YORK Signt.......7a@45 prem. y prem
Philadelphia...""-... U@4vc. prem prem.
Bostun......"-..""...".tM'o prem prtm'
Baltimore. u......". ..."4 prem. prem.
New Orleans. ;.;"''.'''''i 2 ulS, pIgH pIem
American GOlo..'""..i4W}b prem 5RN's PREM
Flour was steady yesterday, with a mod
crate demand for superfne at 81 5000 So,
some holders asking 81 60. The sales reached
1900 brls. whisky was steady, with a fair
request, 1900 brls. selling at 1870. Provi-
sions continued dull and heavy, and the sales
were of SO little consequence that prices must
be regarded nominal. Coffee was steady
Molasses very firm, and Sugar in better de-
mand than On Tuesday. Ear Corn, prime
Barley ard choice Oats were firm, while
Wheat and Rye were dull.
The Imports and Exports of various arti-
Giles, during the twenty-four hours ending
yesterday noon, were:
lmports-Apples. 400 %narrels; Barley, ], 1872
bushels; Butter, 76 packages; Corn, 6972
bushels; Coffee, 343 bags; Flour, 1886 bar
rels Hay, SO bales; Hogs 533 head; Lard,
80 barrels and az kegs; Oats, 1,765 bushels;
n - D. 1Dn hLlr roo N;n,an, II
7O7, OILS pounds; Potatoes, 15S barrels Rye,
&c bushels; Sugar. l hhd; Wheat, l,490
bushels; Whisky, LAO barrels.
EXPORTS Apples, 90 barrels; Barley, 6l5
bushels; Butter, 20 packages; Candles, 523
boxes; Corn, 1904 bushels; Cheese, 3l7 boxes;
Coffee 296 bags; Clover-seed, III t~arrels;
Flour, LIPS barrels; Lard, 900 barrels and
10 kegs; Molasses, 1862 barrels; Malt, 2l2
bushels Oats, 1853 bushels; Pork and Bacon,
2l5 bids, SO ~tiercee, 1877 barrels and rs boxes;
Potatoes, 664 barrels; Rye, 563 bushels
Sugar, llS bids Salt, 2ll barrels; Wheat,
800 bushels; Whisky, 8l5 barrels.
Thursdays Tribune says of Mondays New
YOlk Stock market:
There was a very excited and buoyant
Stock market his morning, with large
transactions in all the leading faucies. The
report of the intention of the Government TO
ahabdon Fort Sumter brought about this
cl aDge from previous dizziness. The move
mebt was looked upon as a peace measure,
and as removing one of the most dangerous
points Of collision. Consequently the shorts
rushed into cover, the bulls followed their
lead, and in the contest for Stock the prices
were put up from 4 to ~ per cent The
outsiders also exhibited more disposition to
have an interest in the market as was shown
by the large increase in the orders of the
Commission. houses. The sales of Central
were unusually large, including $500 shares
cash stock, opening at 1871 and closing at 70,
seaiDt rs on Saturday. Erie was in demand
and sold as high as 1874, an improvement of
"a per cent. Harlem and Reading were COM
psrativeiy heavy. The improvement in
Pacific Mail was 2 per cent.
The advance in the Western Shares was
more firmly sustained than in the Eastern
roads. Michigan Central advanced to $50,
and Illinois Central was unusually active,
ar d sold as. high as 8lK, an improvement oil
2 per cent, Galena, which was 70% on Sat-
ufday, sold at 70 Rock Island advanced ~
per cent, and Burlington and Quincy "a per
cent. Between the Boards the was a fair
business done at about the closing quotations
of the morning session. AT the Second
Board there was a large business done, and,
with some executions, the upward tendency
continued. Reading caught the infection,
and was very active at 2 per cent. advance.
harlem Preferred was also frmer, going to
40 Central was dull, and fell off 10 1879
Erie was very buoyant, and not plenty, no
being offered below "a at the close.
The Western shares were strongly sus.
tsired: Iliinoi Central selling at 50; Michi
gan Southern Guaranteed at 36M Galena a
Tx Reading Road at 59M, Sc. After tho
regular session the market continued strong
ono IN ONE cases an advance was established
Central recovered to 19M bid. In the State
Stocks there has been au advance during the
day OF 2@2% per cent and they were firm
al the close. Missouri sold at 67I; Tennes
ste al IS; Yirginias nj 79, &c. Government
Leans were also fiTmer, and in demand. The
Elves Of 1874 sold atS7K, and the new Sixei
at 92N for coupons. ar
The same number of the Tribune thus re
fers to last weeks New York Bank State
nent:
The weekly statement Of the Bank aver
sges shows a moderate expansion Of Loan
and an apparent loss of Specie in consequence
Of The statement of the previous week beIng
q descending average. The actual amour
Of Specie in vault to day Is about $35, 900, 600
ano is daily being increased from foreign
arrivals and from the Sub Treasury. If tht
Government does not drain the Banks agar
with a new Loan, the Specie reserve vii
probably run up TO $780, ,000. The depos-
j s show a falling OFF of nearly a million
which does not agree with the other items
The Banks are strong enough in Coin u
cafTy a much larger line of Loans, but thu
contraction of the volume of business is 81
great that they are unable TO expand, except
ing moderately. ..
The following is a comparative statemen
Of the condition Of the Banks Of New Yorl
City, March 8 and March 2:
Hafoh March 2.
Loans ...-.S l22, $3.50 Sl2l, $751; 63 1nc...-.s 1911, "a
SpeCi, .,.--. 1852, 10 34,4eO,4U7 Dec..... 5S7,6
g rulHtiOn 1856 I33 & 80, 7B5 Inc..... 244. W
DeptsiIs-.. s~s,7ll,44s s~9.635.295 Dec..... $685.
Tuesdays New York papers report Mon
days Monetary market as follows:
Money is quite dull to-day, at about 6 pc