Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-03-25
FINANCIAL & COMMBRCTAL
FINANCIAL.
MORNING LEADER oFFIOB,
FRIDAY EVENING, March "a. 1868

MORNING LEADER OFFIOB, I
FRIDAY EVENING, March "a, 1865.
The dispatches from New York tonight put a
decidedly better appearance upon fnanc' al matters
there, shoEing a much less excited and fsveIifh
fselirg among operators, and consequently less Vio
lent ductuatiOns. The fact, however, that it is
near the close Of the week, and Iasge shoi inter
ests are to be met, may ave most to do with the
rally, and Monday may witness lother movement
in the opposite direction We do not, however,
expect for ths present a repetition of the move
ments Of the past two weeks in financial and COM
mercial affairs, butloo for steadisr markets, and
much more regularity and moderation In the course
ofpricss Gold opened this morning at 1G5s ad-
vanced about per cent and then declined stead
lily to l477z. from which point the price rallied,
closing tonight at l5S3s.
The Railway list oyened with less pressure to
sell and more d position to buy, the demand being
chiefly from short sellers and rates advanced quite
vigorously, the general rise bsiog 29s per cent.
Governments did not sympsihizs in the advance,
hus on the contrary lost fraction from the prizes
OF yesterday. The business was chiefly uTon orders
from the interior. The following stock rates in
| New York at o'cleck I'll afternoon we're tale
graphed 10 the Stock Exchange in this city: $50
coupons, old, 1851; Ohio & Missi,sippi Certif-
Gates 2s, Cumberland Coal preferred 50, Mariposa
Mining Co. ~, Eric Railway 80, heading a. Chi
csgo EoIthw. stern 2211<, Cleveland Pittsburgh
81 Chicago & Rock land s75<, Fort Wayne 81
Michigan Southern SAX. Ihe rates at Gallagher's
Evening Exchange will be found on our first page.
There IVES vsry little lone IN Gold on the streets
here to-day, parties having 1t being indisposed to
sell st Trices named by brokers. Small lots we're
sold at an average Of $50.
The local mOley market eontinu.s very quiet,
and Bankers report no change to-day from tbs roa-
tine Of the past week. ghs supply Of currency Is
ample for all Iegigim ate purposes, and the BanA
are favoring none but their tgulsr customers Ex-
change IS steady at q of buyir and par selling.
The subscriptions to the 7-3O Lean throughout the
country, which received very considerable check
from the financial disturbance, are being revived
and the reports from Mr.. Jay Cooke for a dag Ol
two past bring The figures up TO within a third o.
what they were two weeks since. The effect of the
paric, narrow though its limits were, upon tn,
Loan were psrfe,tly natural, as we explained nC
Monday last and It is after of gratih cation thai
TIE result was not more lasting which must be at
tributed mainly to the patriot sm and contdenc,
10 their Goverl mt Mt of ,he masses of the peoI le
whose means have n5t been diverted to speculative
use. In large degree, however, it also indicate
III good judgment of the people. WI every steE
in the appreciation Of the currency this Loan be-
| cones propoItionAlly more valuable as a snurce o.
Investment to those shp'oJing their money in
legitimate way, and when we consider Tint it Ii
probable specie bssis will be reached within tEC
years, and that ia tie meantime the large reduc.
ton ofspeculativs trade that must grow cut of the
prssent state ofthings viii nearly or quite return
the rate Il Interest to the old standard Of six pei
cent tie advantages that VIII accrue to ho'deru Of
this Loan are easily compIehended Assuming
this state Of Thugs, which is perfectly capable q
satsf ctory denomination, and the 7-sO Lean ii
more desirable than any yet offered by tae Gov.
srnment
The sales OF 1905 at the Second National Bank
to-day we're s93,5JO.
The Cincinnati Gazstte of to Gay ssys Of none
tary matters in that city
In our money mark to-day there was very lit
tie d1re. Capital is plenty, but Bankers are doing
as near to nothing in ths Way OF leaning ss pos.
able. Rates off crest are nCmiaaI. Lenders are
gen rally aoe to dictate terms, especially in ont.
side circle', but the demand for loans is not large
ID when the storm blow over shall have very
easy money market for the son N st the volu ne
OF currency will bs as large ever, and 1t Will re-
qdire ihirty thres per cent lssl TO DO business
CurfeDcyis flowing in from the countr, rapidly,
and the city i E ling up ith country merchants
and capli aiists, WHO are here watching and wait.
ioR for station Of the panic, - hen they THAI
will be good time to buy. Heavy orders WEI
sent to " York f.r favCriie sticks, Wbi,h are
ing bought to no uutil the storm blows over
Very few orders to sell are Civ n These fact, in.
dcR'e what may b. expected when gold strikes
bottom, Whether that pciat hsll bJ l60 or l25.