The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-04
FINANCIAL & COMMERCIAL,
FINAkcIAL.
MoRNING LEADER OFFICE,

WEDNESDAY, EVENING" May 1855.
The Gold market in New York to-day was very
steady, and dull The speculative feeling is en-
tirely gone, and as there Is nothing in commercial
relations upon which to base higher figures, but
on the contrary the stu alton Is decidedly against
an advance, the market is weak and the ten .enoy
is downward. The price, however will probably
be maintained at about 40 until the eject Of the
news not yet fully reported to Europe has bssu de-
yeloPed, and if this should re ult as generally sx
pected, and as 1t doubtless will, in largely advane-
ing Government securities and creating an i'm
mensely augmented demand, God must Inevitably
reach lower figures. The average rate to-day has
be. 14lH closing tonight At l4lT.
The general Stock market continues quite buoy
ant. and under ths SltsrnAts mAnipuIations Of the
bu Is ard bears, Is characterised by rapid and
violent fluctuations. The ease in money, creating
eager lenders At uucOmmoniy low rates Of inter
sst, en-, ourages investment, thus giving the ad-
vantage to operators for RISE but the indications
are that upon the general list the market has about
reached its limit for ths present.
Government Bonds a steady and strong The
New York Wcrld Of Tuesday says; "Ths demand
for Flys-twenty bonds Is in excess Of the supply,
Of those who had sold shor; being dlsappoiut-
ed in receipts from Europe. The price in Europe
is expected soon to advance to 75 and It iS quite
likely that the buyers will largely outDumSer the
ssllsrs at the advanced price" The Tribune has
the following observations upon Governments:
The European advice, indicate a sharp demand
for American stocks at no distant day, and at much
higher rates. The m4il advising of the assassina-
tiOn Cf mir. Lincoln may cause q momentArY halt
on the upward N movement, but each subs qnsbt dis
patch will sIrengt then the ionsl edit aud crs-
ate new buyers. The English demand has Yet TO
be supplied Thus far Continental capital has been
the main support OF cur stocks aud England has
Kept alOof NJ glish capitalists when once inter
Csted y i abs7rb an amount Of stocks VIII ch can
not be had With ut putting up pr ess here and on
the continent, and lis wilt IN the estimation Of
careful people b. paid before July 4, 1865 United
States rs 80 In London, with gold At $50 10 New
k, will appear TO bs q safer Investment than
Ter cent cOnsOis at 90 The United States SIS have
had their troubles. but they did not break, and
viii he paid of in gold long before conIols Esl at
| 95 per cent.
In New York large amounts Of money are offered
at 3515a4 per cent. without takers.
The money market here Is without notable
/ change. Currency balances ample to all the
! present wants OF Bankers for discount purposes,
in which the demand Is moderate. Exchange Is
still close, but working quiet Rates unchanged at
par buying ana 1ss14 premium selling.
! The Is good demand for specie In this market,
but the offerings are light Brokers rats for gold
to-day were l3s sls9 buying and 1429l4s selling
Silver bul ing at 1872, sci ing at 1884,
! In Cincinnati there Is q moderate demand for
money, with full supply Of capi a., and the mar
ket continues to work cay at to I2 per cent.
Ths Otlcago money market is easy, and the regu-
lar discount houses are acoommOda ing their GUS
toners freely It 10 per cent Per snnum.
The subscriptions to tue 7-3O Loan throughout
the co ntry daily i-oressipg. In this city to-
/ day the sales by the second National Bank were
/ eIO3,sOO