Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-04
FINANCIAL & COMMERCIAL.
FINANCIAL.
MORNING LEADER OFFICE, I
E,r,aw Yah 2 Ig9B

Fa1DAY, Feb. 5, 1855.
The Money market Is again reported tight,
though in point Of fact there is more currency at
the command of the Banks than for some time past,
but they are not disposed to use It beyond the
wants of those whom they feel called upon to favor,
as in the case Of deposltors. The demand, hoWeT-
er, for currency is light, owing to the dsprslsion
in commercial quarters and the general indispOsi-
tion in all circles to carry investments beyond
present bounds and it Is not found necessary to
fuse murh paper, though all but the purely legit-
mate is thrown out. Exchange Is quiet and steady
at 7s9K of buying and par selling.
The Gold operators in New York seem to be still
disposed to entertain doubts as to any favorable
result from the presence of the Rebel Peace Com
missioners, notwithstanding the significant char
aotSr given the matter by the condescsnson on the
part Of Mr.. Lincoln in going away from Washing
ton to meet them, and most stubbornly resist all
efforts to break down the ma kst from this cause.
They have even been able to force prices up little,
though they do not seem disposed to indulge in any
operations Of speculative character for higher
rates, but maintain jut such position so Is be no
lossrc by sudden collapse, in the event Of failure
of their influences, or to make largely BY the de
cided advance that Uonld follow their realization
Our sports this evening represent a more active
market, probably growing out of a demand from
short SELLERS The rate this morning opened at 2o5
and at O'Clock closed at 2O95<. At Ganagher's
Evi ming Exchange the closing rate was 2Os1z.
Government Stocks are a shade lower to-day, and
dull, probably from the fact that the foreign de-
mand of the past few days has been supplied lea7-
ing the market subject entirely to home invest
ment, which is at present comparatively light.
The rates in this market to-day were: 5-2O's cou-
pons 1O71 buying and 100 sellingi 6s of 1884, cou-
pons, iO9 buying and Ill selling.
Railway shares were frmsr to-day, and the whole
list improved slightly, indicating a moderation in
the racont prazsnra IN soil thnneh the adranea in
god and the general skept cism prevailing in nAn-
cial circles in New York relative to the peace
movements doubtless have their due influence 1t
IS not probable, however, that investments are at
present a very considerable scale, but the con-
| trary. New York papers Of Thursday report that
on Wednesday an attachment was laid on that por-
tion of the Cleveland & Pittsburgh Extra Dividend
fund in the hands Of the Farmers Loan and Trust
/ Company, at the instance of a party who claims
damages for q refusal of tho Company some months
ago, when their Stock was at premium to permit
the conversion Of certain mortgage bonds to the
amount of S5O,OOO or &c., 600. Part of the dividend
was paid before the attachment was served and the
remainder will probably be paid in New York OF
this city in few days, as soon as security has
been given by the Company to its contestiug bond
holders.
The Second National Bank to-day received only
about $4,000 to the 73O Popular Loan the decrease
being mainly due to the new arrangement effected
by the Government with Mr.. Jay Cooke for the ne
gotation Of the Loan, the terms of which have not
yes been made public, and by which purchasers
have been left in uncertainty as to whether they
shall make their investments through old channels
or directly to Mr.. Cooke We may say that up t.
this time no change has been effected in this section
and it is probable there will not be, unless tn,
terms under which Mr.. Cooke has assumed this duty
such preclude the possibility Of the Nation
al Banks acting in the capacity of sub-agents with
out sacrifice. This, however, we think is not the
case, but that the terms have been so liberal as tt
prove equally advantageous with the old pan to al
concerned.
The Cincinnati money market is thus reported by
the Commercial Of this morning;
No relief is experienced in the Money market
and the distress Of some needy borrowers is be-
coming severe indeed. Some of the beat Of them
| submit to u per cent per month.
| Quarterma,ter Vouchers are heavy at 71S6sc Of
i for January dAtesi go to &c on for December.
Exchange is still in short supply. The express
companies have given notice of an advance in the
rates for transporting Currency between the East
and West, from 81 per thousand to 81 25. Ex-
change dealers will have to advance their rates tC
correspond, while they are compelled to ship Gov
1 ernmeut Notes. to keep up their Eastern balances
| some Of them did so to-day, and We presume that
| Isc premium will be the uniform selling rate in
i day or two.
The Chicago Tribune Of Thursday says:
The money market to-day ruled very quiet but
stringent, and no improvement is expected at
least till after the 4th The nominal bank rate is
! 10 per cent per .annum, but the street rates are
/ firm at 2(93 per cent per month.
/ There is an active demand for Eastern Exchange
and the market is very firm at par paying and Il
premium selling. Several banks have still to ship
| greenbscks east to draw against.
n. Z. MONEY MARKET Feb 3.
BY TELEGRAPH.
MOney-Easy at 69T 90, chishI at the inside
l rate.
II mn =