Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-11-21
FINANCIAL & COMMERCIAL.
MoNpAr Evrrrre. Nov. %. lisa

hONDAh ENENiNds NV W. 1900
The money market is working very stead
lily, and we have no particular change to
report. There is generally not a pressing
for discounts, but there is still full
as much as the banks care to meet, and pa
per not strictly within the range of obliga-
tiondoes not find acceptance. There is no
doubt that bankers could very readily place
all their capital did they so desire, but their
present disposition is rather in an opposite
direction.
There is no improvement in the supply Of
Exchange, the market still ruling very close.
The demand, however, is not large. Rates
are unchanged and firm at par buying and
/ premium selling.
The growing ease in money in New York
points to the probability of a renewal of
heavy stock speculations, though the i'm
preston of the recent panic is not yet fully
wiped out, and SOM difficulty will probably
be found in bringing in that outside sup
port which is the life of Such a movement.
The Post of Saturday says "Wall street
seems to nave almost recovered from the
torpor which followed the recent panic. The
confidence of capitalists is returning, and
already several clique movements in specu-
latiye stocks are reported to be organizing.
The most gratifying indication of returning
animation is afforded, however, by the de-
mand for seven thirties aud other short date
government paper"
Gold was a shade weaker to-day and de-
clined a fraction, closing at 1861. The week
ly bank returns show a moderate increase in
the specie balance, indicating an easy sup
ply. Government bonds are stronger, with
an improving tendency.
Rumors that the Secretary of the Treas
ury will early issue new proposals for fund
ing the interest-bearing legal tenders, are
again rife upon the New York market. We
ChInk 1t hardly probable thai Tile Secretary
c~ontemplates any such thing at present,
though it is altogether likely such a meas
ure will be presented at the proper time. a
loan of this character now would meet with
very little regard, for obvious reasons.
1t is stated that extensive frauds on the
government by evasion of the internal rev.
enue are said to have recently been discov-
cred in the Pennsylvania oil regions, near
Pithole. The government claims amount to
one hundred and forty-eight thousand dol
lars, and some of the largest wells have been
taken possession of by officers.
Commercial circles continae very quiet
In this market there is nothing doing be-
yond the wants of the local and interior
trade. Flour is dull at unchanged prices
Wheat is in very limited request, but hold
ers maintain prices, and we can report nc
change in price. Corn is scarce and firmeri
but quiet. Oats are quiet and without de-
cided change. Provisions are steady, with
a fair trade inquiry. Produce is without
quotable change, but quiet. Highwines are
scarce and firm. Petroleum steady and de
mand moderate.
There is still nothing Of consequence do
ing in the way of packing. The weather
however is beginning to look more favorable
for this branch of business than for the pas
en- days, and packers will probably soon be-
gin to enlarge their operations. But the
great desideratum, lower figures for hogs
must be reached, before packers will move
much in advance of the demands of theil
trade. We hear of small transactions il
dressed hogs at-14@14!c for heavy; lighI
are not wanted.
The receipts and shipments at this point
of Produce and Merchandise, during the
forty-eight hours ending at 7 o'clock thii