The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-08-21
VOL. XIX--NO. 1913
special RepOrI.
NEw YoRK, August 10.

/
Q dition week ago. The losses connected
with frauds and failures will fall chiefly or
q strong institutions and firms, and are MOI
8 likely to produce any further losses by sus.
pension. It is understeod that the losse,
of Graham & Co. on stock contracts will
not exceed $500, 1000. Assets already col.
lected under assignment amount to about
forty per cent. of the liabilities. In Rail.
way shares the market is strong and gen.
orally better with good demand for stocks.
There were larger purchases of Erie and
Pittsburgh at the option of buyers and
sellers. Government securities were all
higher with improved demand. Coal and
miscellaneous shares ara firm, with an up
ward tendency. Gold is very strong and
the market generally advancing. It is
supposed that sales for the Sub Treasury
have closed for the present. The ship
ment to-day was sos 900, the Southern
demand was about the same. The defalca-
ton in the Erie road does not excite much
attention. The amount ia stated by t6e
officers of the Company as only shout
$2,95O dollars.
Money is more essy. There is more
confidence, and the discrimination of len
ders respecting borrowers is less severe.
| PETROLEUM.
This market is very firm. Webster firm
and in brisk demand. There was large
amount OF buyers options called in to-day,
but only part Of them were delivered.
There is heavy street business in stocks.
Pithole rose to 10 per cent, on receipt of the
news of 300 barrel well. United States
hrmer, and advanced to 26. Sales were as
follows:
Pithols Creek T25; Webster, 26s;
Bradley, aO5; Hsydriok, So; Montana,
$50; Chenango $50; First National, II |
Oil Greek, s65.
Petroleum dull and easier at 32@S24 for
crude; 524@59 for refined in bond, and |
TI@73 for free.
THE KETCHUM FAILURES.
The Hartford papers say that number
of gentlemen interested in the recent
Ketehum failures went to New York city
on Friday evening. They have learned
all the facts that could be obtained, and
their friends here to-day are not hopeful
that the house will psy any very large per
centsge on their indebtedness One of the
interested gentlemen says that he will be
glad to get fifty cents on the dollar for his
claim.
Morris Ketehum stated on Wednesday
that he considered himself worth over
$4,000, 900, previous to the recent troubles.
He also says that the splendid farm at
Wessford, Conn, where he resided, belongs
to his wife.
CONCLUSIONS REGARDING THE CABLE.
The Hersld's AsPy Bay correspondent
says that the following particulars and
expedition;
Ist. That the steamship Great Eastern,
from her else and aaa going auAlities can.
carry and lay the Atlantic cable safely in
any weather, and that the pay ing out ma
chinery constructed for the purpose BY
Messrs. Canning & Clifford, works per
fectly and can be confidently relied on
and that the insulation of the gutts
psrcha conductors was improved by the
reduction of temperature and the great
pressure at the bottom Of the ocean and
was more than double what it had been
before starting, proving itself to be the
best insulated cable ever made, and many
times higher than the standard required
by the contract. The cause of the two
faults which were picked up was in each
o>Aa the perforsting through the gutta
perchs to the copper OF q piece of iron
which was found sticking in the cable
electrically.
I'd. Faults Tss snloyOus to the first |
Sd. The difficulty can be guarded against
in the construction of future cables.
4th. That nothing hss occurred to create
the least doubt in the minds of practical
men engaged in the expedition of the
stecessful laying and working of the At
lantic Telegraph Cable, but on the con-
trary their confidence in the undertaking
has been largely increased by the exper-
ience thus obtained.
9Th. That with the Great Eastern and
another ship, and with stronger tackle and
improved picking-up machinery, there is
possibility of recovering the lost cable and
completing the line already twO-ihirds laid
This is signed SIS follows: Samuel Corn
ing. Chief Engineer, and Joseph Cudmsn,
Captain, Of the Great Eastern; c. L. Var
lev, Electrician to the Atlantic Telegraph
COMPANY; @. V. De Sauty, Electrician to
the Telegraph Company; w. Thompson,
Professor of National Philosophy in GlAs-
gov college; H. L. LedfOrd, Telegraph
Company.
CHIEF JUSTICE CHASE.
The Times Washington special says: It
il currently rumored that Chief Justice
Chase, who arrived last evening, came on
the invitation of the President. The Chief
Justice had an interview with the Presi-
dent this morning before Cabinet meeting.
MILITARY.
The consolidation Of the V. r. Corps
into six regiments, and the consequent
mastering out of the superhuous officers,
give rise to loud complaints from several
disabled officers. Unless the government
provides in some thorough manner for these
men, injustice and suffering will follow.
It is earnestly hoped that the unfortunate
,, consequences which must ensue if consoli-
dation takes place, may be obvisted in some
3 effective manner. No class Of men better
; deserve the good offices Of the government
than those who have been disabled in the
service of their country.
REDEEMED.
WAsHIEaToE, August 10.
The certificates of Indebtedness redeemed
v at the Treasury for the weeA ending to
. dsy amounted to over $9OO0,NO; AnC
4 l-;-O, tba aanna reriod S4lO6OO of 1nutila