Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-06
& COMMERCIAL.
FINANCIAL.
MoREING LEADER OFFICE, I

J
The receipts from bills mstured and maturing in
the early part OF the present week, furnished bet
ter supply of currency to the Banks, and the mar
ket was ssnAibly easier up to Thursday, when a
change in the opposite direction began to be noted
partly in consequence of the drafts 10 pay Railroad
dividends made on the LIST inst and in meas
ure from an increased demand firm the general
public, and to-day the market closes tight, with
larger Offering paper than for some time past. The
restrictive course Of the Banks noted by us last
week, was adhered to during the week just closed,
and very little paper coming from other than regu-
lar depodtors met with acceptance, the exception
being only in favor Of the very best names. This
rule is not only in a MEASURE necessary from cir
eumstanceI, but is adopted, also, one of sxpsdi
ency and safety, and is justified by the unsettled
condition Of trade and the uncertainty that envel-
opes all operations. Even if our Banks were ever
so well prepared to extend the largest sccommods-
tions to operators of one kind and another, such
course would be msnifestly unwise when values are
so unstable and fiuctuating as at present, and
though this dscriminative policy doubtless creates
many disappolntments, it cannot be regarded =
grievance. In the larger cities It Is even more
severe than here Exchange is quiet and close,
and rates continue firm at 1za1{ on buying and par
selling.
Gold has been very much unsettled during the
past week, in consequence msinly Of the exciting
peace movements, which eliminated on Friday in
q conferences between President Lincoln and seere-
tary Seward and the Commissioners from the Rsb-
els The first authentic announcement of the ar
I.vaI Of tbs Commissioners within our lines, on
Tuesday, sent tbs ptice down over per cent, and
1 u n hrA 4
and clo.ed better when a strong bull interest, aid
ed by the prevailing opinisn that nothing imp7r-
tant would result fl ON the movement t, was brought
| to bear in maintaining the market. ard succeeded
in pushing the price up slowly to about this point
from which it rectded on Tuesday. At the cIese
to-day hnzavar the price had not recovered the
decline, and the market is reported weak. Th'
following table shows the elo,ng rates each day
during the week, the rate at the close on Saturday
last being 2l515:
MOndsy.................. Oil Thursday 2o52
Tuesday..... 20 Friday. 09
Wednesday ............. 2o415 Saturday 2107
It Is pTOblb,e that at present the question Q
reace far as it affected by the recent conference
has only a secondary Influence upon Gold, and tina
the movements Of the sImles-ihat Of Sherman
more partioularly-are exsrci ing whatever effso
is felt outside of the supply and demand control
Government Gold Bonds, and especially 5-2O's
have ruled pretty firm duringths week, and goo
deal OF activity has been noted in the cid issue 70
TIE European market. The closing prics Of las
Saturday, however, Qcs5s) was not maintained
the Close the rate this morning being 1885. slxe
Of 1881 closed at 1887. The demand ia this mafke
has not been active but fair. The buying and SCI
ling rates to- day were follcws: zoe, coupons
new ISSUE 1O71z buying and 100 selling 6's of1ss
coupons, 100 buying and Ill selling.
Railway Shares have followed Gold during th
week, ruling most of the time unsettled, but clo'
ing steadier Though at lower figures for almest th
entire list than at the close Of last week. III
Closing rates on the 2sth ult and to day, compsr
as follows;