Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-03
FINANCIAL & COMMERCIAL,
FINANCIAL,
MORNING LEADER OFFIoE, I

The Money market is reported comfortably easy,
currency being In relatively better supply than
Exchange at present. The continued depression IN
commercial circles, however, curtaiIs materially
the discount line, it does also the dep1slt, and
the Offering OF paper is light fr0m customers, the
Banks showing very little favor to outsiders.-
There seems to be very general feeling As well in
financial as commercial operations, in the present
unsettled state of things to limit business to the
safest standpoint. and this disposition Of course
leads to a general contraction. Exchange contin.
us steady at previous rates 11s91f on bnying and
par selling.
The want of something more definite as to the
objects of the visit Of Messrs Stephens and Hunter
within lines, and especially the prevalent feel
ing that satisfactory results in the direction of
peace will grow ont of their coming, II their mis-
sion proves to be Of peace character, gave firm
er tone to Geld to-day, and slight improvement
effected in the price, though it is evident there
was no disposition among the spectators to take
any great risk upon their views in relation peace
negotiations. A tel gram this evening" announces
the departure Of President Lircoln and Secretary
sewardf fr City Pont, and if this be true, there Is
no reason to doubt that somsthing of an important
political character will be presented for their con-
sideration That it will lead to any desirable re-
suit il of course beyond the ken of outsiders but
until it's developments are known, any operations
liable TO be effected by it should be conducted with
unusual precsutiOn and this is evidently the feel
ing under which Ihe New York Gold traders ale
acting, The rate for Gold opened this morning at
2O5 advanced to sO6J5 fell to 2C35, and st O'Clock
closed at 2O514. At Gallsg hers Even ng Exchange
the closing rate was 2o52S.
Government Stocks are more active, growing
mainly ont Of demsDd for the foreign market, and
prices a shade bstler. The rates in this market
to-day were 5-25's, coupons, buyi5g at 1918 sell
ling at 100; 6s ofIssI cauD ms 100 LuYinG and Ill
! scung. The demand for thu latter is only mode
rate here.
RaiiwAy Shares are lower and dull, nsws from
New York indicating pressure to sell, but an alb
senco Of buyers. pretty general imprs, sicn seems
to exist that peace would bring about an uupreee-
! dented tumb c in Railway Stocks, and tho market
is consequently extremely sensitive to any move
ments Oking to such an event. For closing rates
this evening references is made to our special re-
port on the first page.
Subscriptions to the 30 Loan to-day, at the
| Second NatiogaI Bank, amounted to ss5, 100. The
| arrangement Of the Government with Glr. Jay
Cooke for the negotiation of this Loan, which went
into effect yesterlay, is very generally approved in
the East and We doubt not will give general satis-
faction ia financial circles everywhere It will be
remembered that the old Five-twenty Lean of May.
1862, was almost neglected before it was placed in
Mr.. Cookies hands for negotiation, and that its
great success waj due entirely to the energy eIpe-
rience and aptitude with which the agency system
was applied for the distribution Of these popular
securities among all olass-s of our citizsns It is
to be hoped that this effort of the Government to
prevent, possible, further il fiation Of the cur
rency by the issue Of greenbackB which would GER
tainly be necessary in the event ofthe failure of
this LoVn, will prove q SUCCESS, AMI in the hands
OF Mr. Cooke, aided as he will be by ths National
Banks aEd ihe better class of private Bankers
whom he may designate as sub-agents, there is
good reason for believing it will Le.
The National Currency Bureau Last week author.
lied s5,055, ,OOO additional National Bank capital
to twenty-five new Banks, of which five are by
transfer from tho old State Bank system. An in
crease Ct s7O5OOO on previously reported capitals
was also authoriz= d last week
Present total capitaI............. f16l. $50 2os
65.OlS, $40
The Cincinnati Money market is thus reported
by the Gazette Of to-day:
The Money market has not undergone auy
changs- The clOsenes5 heretofore noticed contin.
ues bat the pressure for loans not great for the
reason that the publio, understanding the Itua-
sion, do not Apply for loans, except in extraordi
nary cases. Holders Of Cove nment vouchers are
getting mere and more dissatisfied, because Of the
delsy in making payments. These evidences OF
debt are held by merchants and bankers TO an ex-
tent that locks up large pIop portion of the capital
Of the city AMI many OF the creditors ara seriously
embarrassed.
The Chicago Tribune of Wednesday says of that
money market
The demand for money to-day was moderately
active, but it was rather meagerly met by the
bas kers, who seem very unwilling present TO e-
tend operations. The rate of discount, however,
is unchanged. viz 10 per cent. per aDnum. On the
street the brokers are discOunting freely 2g3 per
cent. per month.
The supply Of EalteTn Exchange continues to be
wholly inadequate to meet The demand, and rates
are firm at par buying and "a premium selling
some Of the banks Here offering to pay express
charges on round lots