Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-01-13
FINANCIAL & COMMERCIAL.
FINANCIAL.
MORNING LEADER OFFICE,
THURspAV- Ian I2th- Iggb-


Tho money market here continues very elose, End
with most Of ths Banks the dlsposiiion Is to DO
nothing ct all in the discount line soma having t.
day positively refrssd to aooOmm0date all clsssts
Of applissnts. How long this s.rlDganey ID likely
to bOld uuabIs to say, bat Il is canning con-
sidsFsbls inconvenienes to psrtlfs Vhoss busln6ss
calls for steady supplies Of mon J. The sans COM
plant comes to us from other poTtors Of the West
The causes arc In the large shipmtn's Of currency
that have been made by the Western Basks East
to mako Exchange, the large Absorption Of money
in Governments stocks daring the past two weeks,
which is locked up in the TrossnIy tspOitOries,
snd the SUES that are employed by Western Pro-
dace dealers and Pork packers in carrying and put
ting d5xn Their stocks, for which at the present
high rate frelgh!s and comparative vl:uss, they
have no market for profit GoTersmant di,burse-
ments would help matters somewhat. bat not to
the extent needed and until The Ess.era and Vest
EN- markets are placed farther aPait than at pres
snt, Ec cannot look for muoh easier state Of
things HRsnsially. Western dealers, however, are
sansuns OF better prices fr staples, and the uni
versal leeling Is to hold On and so long SIS they
can carry th,ir sticks they viii probably do So
Under present circumstances therefore, the ques.
tioa seous to be simply one OF endurance between
1
ether givos way, close money market must can
tinzo. Exchange is quiet, aud relatively moTc
string9ut than currency. Rates ara unchanged
and nrn at 4 discount buJisg; selling at Psr@7S
premium.
| Tho Pea5s rlmcrJ which were thrown upon the
Eez York market to-day, whether well four ded or
not, had mott decided ELECT, and the o[ening rate
was fdIIy per cent below that at the eloss last
/ Tl,a rrfra e--ha r,IIgad hnEnvar
AMI IegAinsd about per cent at the el se Of the
o'elcck Bosrd. The teHd5ncy, however, is strongly
downwafd though the "bull' intro Il by nc
means idle 80 closing rate tbs evening was
2l91z.
Tao New Toik papers Of ye5.e=dsy oontsia the
, f.nsvius dnaatisl comments;
Money CONTINUES In active dsmand, but tns 81 p
1 ply IA Increasing in abundance at seven pes cett
oh call A large amount is employed in carrying
G57srnmoEt stocks in anticipation Of rlsi cOaEs-
/ gn6Bt Gp0a the withdrawal Of this T6n-ioTty Loan
The speculative Iots hanging OYER the market arc
| heavy, but they chiefly held By strong hands
The exp cted iise viii probably nos eu'minats I'll
after the end Of the sonth, By Witch time It Is
psotsd that the outside public y III be eager buyers
Tbs gradual decline in gold this week, and tht
| conBf qusBt withdrawal OF demand, has been verJ
disappointing TO holders Of merchandise, more es
peoiay Of domestic pro duce, large Quantities o
which are held for speculation in this market OF
western accOant, and among whom thsI g ts streni
desire 20 Ee3hze. ina Duoyancy OF tone with Which
tho wzsk opened is consequently lost, and in fact
quite reversed, the tendency beiDg uniformly down
NRrd much so that serious dilezlties are appre
hen5sd, nless there shall be q rally very soon.
sub;cripiiIs to the so Popular Loan cJhtlnu
large all over the country. and this mara ct Is din
its full proportion. Subscriptions at ths see,ni
$ National Bank to-day were for sTO,OOJ Govern
Bsnt Geld Bonds arc stroEg and the tendency /
0 | upward. Dealers here quote az follows: 5-9O'l
eoaprns, tuJins At lo9 selling at III; ss Of 1881
couPOOs, buying at 1ll11z, selling at n3H.
The Cleveland and Pittsburgh Company have d.
olsTed hali.yesrly Dividend Of 5 psr cent. t.
earnings, in gross, CT the Road we're:
| II leOk..-..-..--.-..-,s...s ..- g AZs5lo .
900 b35
10 HSt laoftaze----..ss-. 81 UUb bIe y
=. 7. HONEY MARKET jan. II.
tBT TELEGRAPH.
Money! ctiTe and frm st Z D..
Sterling ELehRDEe-Dull OF 1893 9I0s5s 70
e | gold.
6sOIG-UnssttlSd ar lowsT. Opening ct n7
d5cliinng to 2eH 6 Ta2eirg to 2l91S, and olosin