Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-11-30
FINANCIAL & COMMERCIAL.

WEDNESDAY EVENING, Nov. 90, 1865.
Financial and Commercial circles through
out the country were never nearer a COM
plete standstill than now, and each day adds
its proportion to the general quiet. Wall
street, the prolific field whence speculation
grows and thrives, is becoming monotonous
in its dullness, and the cliques of bulls and
bears that get fat upon the outside public
are left to prey upon each other as opportu-
nifty offers. In the West trade is narrowed
down to the point of actual consumptive de-
mand, and the economy of the people was
never more thorough. Money lenders ev-
erywhere are operating with the utmost eau
ton, and in short the whole tone of business
communities is in the highest degree con-
sentative and careful. The immediate cause
of this is of course the incertitude that pre-
walls as to the future in connection with the
probable intentions of the government, and
it will be relieved Just so soon as those in
%tentions are definitely known. We do not
apprchend that the change vii! be material
during the present year, but we are satisfied
that the unfounded apprehensions of the
people will be so completely dissipated
when they come to thoroughly understand
the roliey of Mr.. McCulloch, that no diff
Guilty will be found in the resumption of a
healthy business in all branches of trade
and industry. All that is needed to secure
this is the assurance that the industry of
the country is to be fostered, not abandoned,
and such an assurance we look upon as Ger
tain to be given. Mr.. McCulloch and the
national Legislators well understand how in
timately connected are the credit of the ma
ton and the prosperity of the people, for
upon the continuance of the latter depends
the maintenance of the former, and that
prosperity, if We do not misjudge the pru-
dence and sagacity of the statesmen who are
to pass upon this question, will not be cur
tailed. To get the trade of the country upon
a healthy, Legitimate, secure basis, is the
work to be accomplished, and we believe it
will be done without injury to a single in
terest.
The local money market presents no de-
eidedly new feature to-day. The aggregate
demand for currency at the banks is fair,
and somewhat within the supply, so that
the market is comparatively easy but one
or two of the banks report considerable
pressure upon them, and individually they
were less comfortable than for a few days
past. The paper accepted is in all eases
purely custom.
Eastern Exchange continues close and
firm. The buying rate is steady at par sell
ing at Lilo premium to regular dealers, and
! B@4 premium to outsiders.
Gold further advanced in New York TO-
day, it is said upon the Mexican news, but
this is probably only a pretext for a specu.
lative movement by stock operators in the
absence of something more e%nticing at the
Stock Exchange. The price closed at l4S4.
Government securities are improving under
the increased investment demand, and an
advance of ! on 5-2O's of 1861 and / on 1906
was made to-day.
In this market to-day the following prices
based upon noon advices, were made on coin
and governments, with a fair business do