Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-01-26
FTNANCIAL & COMMERCIAL.
FINANCIAL.
MORNING LEADER OFFICE,

WDEKsDAY, Jan. 2sth, 1855.
There is very little to note in connection with
the Money market here, beyond what has been PIE
viously said. The demand for currency from the
public Is not very large nor pressing, and but for
the heavy Government drafts which the National
Banks are called upon to meet, the supply Of cur
ronoy might b reported easy, and the line Of fsvors
to borrowers could be eltended materially with
perfect safety. As it Is however, the diseriminst
ing policy is necessarily closely adhered TO, and
good proportion Of the paper offering Is declined.
Exchange is quiet and steady at 5<9K of buying
aud par selling.
scarcity Of cash Gold, and the pressure Of the
sh0rts'' to cover, during thepast thirtySix hours
gave the Cold market decided upward turn which
the bul 81 Of course avAiled themselves Of giving
all the help they could to the movement. The
pries this morning opened at eO71z, declining to
2Ol1<, and advancing to 2O514, which was the rate
at the close Of the o'clock Board. At the after
noon Board the price closed lower at 2O55, and at
Gsllsghsr's Evening Exchange ct 20i%.
Government stocks improved slightly to-day,
but the advances was not very great, though the
tendency seepS to be more strongly upward. Rail-
way Shares were bet ter in the morning, hut closed
lover.
The Second National Bank received in EubseIiP-
lions t. the $50 Popular Loan to-day, the large
sum of TI14, 200. This is an indication Of what
would be done under the fs oTatle anspicss of an
easy monty market.
An important arrangement In oonse ,tion with
the matter Of stamping receipts, bills of iading,
&C., wss to-day entered into between the Bosrl Of
Trade Of this city, represented By committee
composed Of Messrs J. Il. Clark, B. T. Lyon and
~
natl. Cleveland Toledo, Cleveland 3 Pittsburgh,
Cleveland q Erie and Atlantic Grsat Western
Railroads, the differences heretofore exiting hay
ing proved annoying and embarrassing. The Etip-
ulations sre as follows aud conform to the sy tenn
IN vogue IN the Eastern cities;
Receipts given at Railroad Stations, on the do
livery Of freight for transportation to bs STAMPED
by the Railroad Company.
Bills Of LRding, snd duplicates folio sing the
same. to be stamped by the shipper.
Receipts given fer freight received By the ocn-
signes5, from tie Railroad Company, are to be
,tampsd by the consgness
Receipts given BY the Railroad Company fer
money in payment of freight s;e to be stamped BY
the Railroad Company.
At meeting of the Grant Oil Company, held to-
day, the following odicsrl were elected:
PrssidsHt-George Sprague.
Ftes PrssideHt-A- Quinn.
| secTstary and TTsaslrsr-Gso ". Gardner.
/ Dirsctors-Ges SDTague, A. Quinn, A. b HGulh
]. J. Myers, J. F. Ere man, G W. GaTdrer, g. Il.
/ Bdrt.
Ia rslat' on to tha Cineinnsu Money market, tie
Gazette Of this morning says: 1.-THE monetary
strings keep tight, and discounts are obtained to
modera.o extent oily. The demsnd for loans is
not pressing, for the reason, IN part, that tbs
doors ere known to ba closed, in measure again ST
new paper. and partly becauIo busiue IS at q
stand; but the offerings are in excess of the msanl
available for discounts. Bates ofintsrest are frm
at lO@1s per cent. Go7ernm mt contractors, who
still have to wait upon the pleasure Of the Treazury
Department, ere the heaviest borrowers ct the out
/ side rates"