The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-03
FINANCIAL. 6 COMMERCIkL.
FINANCIAL.
MORNING LEADER OFFIoE,

TuLsDAT hFENIHe, May Z, 1850.
The leading Tr,ss Of the country, with q most
encouraging unanimity, are WhOlssomeIy jsbIlsnt
over the prospect furtished BY return to peace Of
a healthy renewal Of that straightforward pros
perty which, freed from the contip gencits Of spec
ulatioa, insures a stable wealth, and contrary to
the very general idea Of a lea months since, are
predicting nothing but good for the financial and
commercial interests Of the nation IN the future
The return of the Sou b to business intercourse,
with the advantages OF free labor and the enter
prise OF q new class Of men; the steady inflnx Ct
foreign population, filing up the gaps made by
war an bringing with them their useful lessons Of
indus ~ and thrift; he new impstus that will be
given TO manufacturing enterprise by an increased
competition; the augmented gor with which the
development Il the great mining Interests Of the
country wi b, pushed, some of the eonsiders-
tions which Offer themselves to convince al Of
degree Of fu ure material Development and rspid
progress in prosperity and stI engLh that properly
conceived is cert tinly gn6cent. It Is no longer
a question how the public debt is to be paid. The
unqualified manifestation of the confidence of the
people In the Government is suficIeat answer to
sl who would oavii upon this point, while the fu-
ture holds mp such picture Of opulence for the
nation as to comp etey overWbslm all Rpprehen-
sion 'Or the credit Of the country. The devasta-
tion Of tho past four years Of war it is safe ssy
will be unknown, exc pt as fact OF bis orY with
in half the time It has taken to produce it and
not only this but for every hamlet destroyed there
will spring up a town, and for every town = city,
busy with the cesssless hum Of free industry, and
thriving under the impulse of well rewarded COM
petition. The war has done much to arouse into
previously unknown p,wer the energies Of the nA-
tion, and to bring to he surface urceS before
hidden and unthought Of Ishas also instilled into
the people, If not stroI ger desire at least more
purpose, to accumulate those benefits thst how
from tbe generous use OF their energy And their
means. And in doing this It has worked out an
hundredfold the redemption Of its cost. The po -
or of this great country and this great people, well
tested though it has been, Is not yet fully demon
strated, and still greater achievements than any
yet accomplished remEin 10 be consummstod.
There was quite breakdown on Stocks at the
First Board in New York to-day, with pressure
sell, but this being met by pretty free purchases
Induced rally, aud tie market closed somewhat
stronger, though still at decline from yesterday
Cover ment Bonds wsr. firm al active. Gold re-
csded during the morning to 14O, but rallied In the
afternoon to l41, oloslug tonight at I4I5< There
is no speculative demand, and cash gold is rapidly
increasing. The amount at pre.ent in the Sub
Trsa,urr ard Banks is reported at forty millions =
In this market 10 day the priceI paid by brokers
we're ISsGl4O, selling at l429I4O. OH.rings very
| light.
! Money in New York continues very abundant
Largo amounts are loaned 1T per cent, and 3a91I
has been reached on Government bonds as Collat-
/ erals.
In Ciucinnrti the supply OF currency Is Increas.
| ing, and the market is not very active.
In this market there is & diminutiou in the sup
| ply Of currency consequent upon heavy payments
Of Treasury drafts, but the public demand is light,
aud Bankers snd no inconvenienoe at present in
nesting all regular demands upon III m, Exchange
is cose but less active. Rates steady at par buy.
| ing and 11sG4 premium relling.
/ Sales Of the 80 Loan for two days ct the Second
Nation i Bank we're ST., 100, and At the First Ma
tional $4,000.
The imports at New York for the nine months Of
the fiscal year from July l, ss4, to March si 1885
including specie were to the amount Of SIG 6S2,
557, against SIS, 800 5S6 same time lastysar The
receipts from custom duties show falling off from
last year of nearly sIs,O 600. The imports du
ring the week ending last Saturday amou.t,d L
s2sl4 149, and the exports Of domestic produce &c
| S2,OCs,si5. Export Of specie SR17, ,I92.