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

NEnEEsDAHs Feb. l. 1850. J
There is very little general activity in the Money
market here at present. ths depression in trade and
the generally unsettled condition OF business, re-
ueWsd on an enlarged scale by the recurrence OF
Political givings-Out, disposisg operators Of all
clauses to keep slOOf frhm unnecessary Investments
until matters shall assume Iess uncertain shape
than at present. A limited demand for Bsnk ac-
commcdaiions is consequently noticeable, and
growing ease in financial circles is one of the
suits. There is. however, quite as much Paper Of
fering as the Banks feel any desire to take and
none hut the best IS taken, far We can learn.
Exchange remains steady at our past quotations Of
1s94 off buying and par selling.
God reoeded still further to-day under the influ-
eEce Of peace rumOIs, but owing to the uncertainty
attending them, did not realize SO great fail s5
10 have been expected. The closing rate at
the o'clock Board was 2O2, and st GaIlss sher's
Evening Exchange, 2Oi1z, Reports this evening,
announcing in positive terms the arrival OF MessTs
A. II. Stephens and r NJ. T. Hunter within the
lines Of our armi;s. vilI doubtless have further
effect in forcing Gold down If confirmed, but We
do not spprehend that the price will vary much
from go until the resulls of the mission Of these
commissioners are developed.
Government Stocks to-day were irmer and bet
ter, with more active market in New York. Rail-
way Shares declined at the morning Board, and
ruled dull, but were report a shade better in the
afternoon. The closing rates this evening at GAL
layher's Exchange will be found in telegrAphIe
columns. As an illustration Of the movements in
Railway sha es ct present, the New York World
of Tuesday says:
The public are not disposed to buy or speoulats
in Railway Shares, and the market is therefore
Ia nrNnw IL saN1
who manipulate it upward and dOwnW ard to suit
their OEn purposes. As an illustration of the Gu
rious operations which can be made occasionally
in wall street, Erie shares ars scarce at 73 cash
aud plentiful at II seller 80. In other words the
holders Of Ere can sell their stock to-day at 70
cash, aad clear per cent. profit by the operation
OF buying it back at the same moment at II, dellv
cradle thirty days hence. In Nav York Central
the holders sell their shares for cash at ITO,
and buy them back at log, deliverable sixty day 3
hence. This condition OF the market will tend TO
make Eris and New York Central cash stock plen-
tifu In order to realize the large profit thus guar
anteed,
The sane paper also says, in commenting upon
the influences at work to reduce the price Of Gold
1t is estimated on good authority that 80, coo
bales Of American cotton will be received in this
market within the next sixty days, and that more
than half that quantity will be exported to Eu-
rope. The exports OF produce are also likely to
increase comfortably, owing to the breakdown Of
the bull combination to keep up the price Of pork.
One neaVy Dull bpeCuAtOr In pork talled on batur-
| day, and two more suspended 70 day. Packers are
now tnTnlng their attention 70 6hipments for Eu-
rope as the outlet for their surplus stocks OF
pork, beef and other produce. Ths foreign ex-
change market Is heavy under this combination Ct
events. which are already filing the market with
an excess Of bills beyond the demand.
The Cincinnati Gazette OF this morning says:
There was only moderate demand for Mouey,
and because Of this fact and from any increase
of mean, the market was less stringent Bankers
were able to accommodate their customers to a
enable extent at l09l2 but it was not tasy to
negotiate outside pap-r at 1j@l8. The currency
balances do nos increaie psibly.
The Chicago Tribune of Tuesday says:
The demand for Money at the banks continues
moderately active but the leading discount houses
are not willing to accommodate lenders freely till
after the notes due the first are met, and the
market is consequently stringent and close. The
rate Of discount, however, is unchanged, viz: 10
per cent. per RDnumi but the street brokers are
doing heavy business at 2g3 per cent. per month,
and even highe rates are reportsJ.
The Second National Bank to-day reooived in
subscriptions to the seven-thirty Loan 81, 500.