Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-05
FINANCIAL & COMMERCIAL,
WrDyEsDAr EvEvrye. Oct A 1s65.

WEDNESDAY LNENlNG, Oct 4, 1865.
There is nothing particularly new in the
local money market The discount demand
is liberal, but lot SO pressing as We have
heretofore noted, and there Is a gradual i'm
provement reported in the supply of cur
rency. Bankers, however, do not generally
look forward to an easy market, but the con-
trary, and are disposed to fortiiy themselves
as far as possible i'll the present The wants
of customers are of course supplied, but out
side paper is very difficult of negotiation.
Exchange is in improving supply and less
demand, but rates remain unchanged and
steady at par buying and t@4 premium
selling.
In Cincinnati currency works close, chief
ly in consequence of heavy checking by the
Government on repositories Exchange is
quoted at par@5 80 premium buying and 70
@1-1O premium selling.
The statement of the national debt on the
SOth September showed decrease in the
gold balance during the month of nearly
thirteen millions dollars, indicating sales
by the Government during the month ver-
much in excess Of receipts, which neverthe-
less were unusually heavy from customs
During the same period the coin balances in
the New York banks fell to about thirteen
millions, making total reduction in the
available coin balances of about sixteen mill
lions during the thirty days from August
81 to September 80. This fact, taken in con-
nection with the still heavy customs de-
mand, the increased export of specie, and
the proposed addition to the gold-bearing
securities of the government, has given an
upward movement to the gold premium, an
advance of 2 per cent. took place to-day,
the prsce closing this afternoon at 1464. OF
the large reduction thus shown in the coin
balance, very small proportion-not over
four to five millions-has gone out of the
country, and the reasonable supposition is
that the remainder is held by speeulating
merchants, who are Of course interested in
i"d"ning 81 hiGher nremium-
Attention is asked to the circular of the
Secretary of the Treasury, which appears
in our advertising columns, announcing the
readiness of the Department to exchange
Five-twenty 6 per cent. gold-bearing bonds
for certificates of indebtedness, compound
interest notes and Treasury notes, and de-
failing the plan and terms of conversion
The circular contains all the information
necessary to a correct understanding of the
proposal.
The produce markets East are advancing,
and firmer tone is consequently noted in
mercantile circles here, with tendency to
improvement in business. The demand for
Flour is quite brisk, and prices are firm and
looking up. There is more inquiry for choice
grades of Wheat, and the market is firmer
and tending upward. Corn continues quiet,
but firm. Oats are frmer, but in only mod
crate inquiry. Canada Barley is in active
request. Rye nominal.
There is nothing new to note in Provi-
sions. Produce is firm and advancing. An
active demand is noted for prime fall-packed
Butter; summer-packed heavy.
Highwines are quiet and steady. Petro-
leum is firm, but there is lull in the de-
mand. Holdeos are not anxious TO sell, feel
ing confident of higher figures than at pres
ent before the end of the month.
An advance in Freights Of &c on fourth
class and 1Oc on Flour is noted other class
es unchanged.
The receipts and shipments at this point
of Produce and Merchandise, during the
twenty-four hours ending at o'clock this
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