The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-09-11
FINANCIAL . COMMERCIIl.
sArnnn.r Erruma. Zen!

oAluEDAI 6NhAAA11 Dtpk. y. lShh. L
financial circles during the psat week have
ruled steady and without disturbing infusnees-
The highly favorable exhibit of the National debt
issued st the close Of last week, was received in al
parts Of the c untry as a most satisfactory and re-
assuring statement Of the public finances, anu the
in the sagAcity and economical manage
ment Of Secretary Mcculioch affirmed. Ia Addi-
ton to this, the large receipts Of the Government
from taxation are creating . most wholesome i'm
preston OF the workings of this department, the
income from which promises at an early day to be
fully equal to the running expenses Of the Govern
msnt under the reductions that will be steadily
made, while the receipts from other sources may be
employed for the gradual extinction of the debt
The immense power conferred in the National
Treasury causes it to Be earnestly and anxiously
watched BY all Gas Is of busise 8 men, and the
hopeful promi.e it now presents affords ground for
graduation.
The eourEe Of money continues to favor The Fast,
aud the sesboard cities are becoming cvsrburdsned
with cur, ency to the depletion Of the West. The
reason for this is apparent in tbs situation Of
trade. while the West is necessarily q heavy buy
er from the Fest, she is doing almost nothing in
supplying the latter with her products, because
her merchants insist upon such prices for her COM
IN l0ltlea - 10 uibcEly oAoluuo GAstcAu purchaser .
The Impression seems to have fastened ilseI I
The minds OF Western merchants that hisbe
prices mutt be reached for their produce, and act.
ing upon this, they insist upon their scale of vslue,i
though reasonable profits await them at mush low
er figures. There is uuquestionsbly a strong spec
ulatiVe feeling among Western operators, and while
it is possible ther hopes may be realized, the prb b.
abilities seem to be against them. The success or
E.un-o - A. .-.A.. In I.na-a - e.
wants of foreign countries, ard these wonts will be
lavishly or economically supplied according to the
prices at which commodities can bs obtained. 70
far our information from abroad Dies not favor the
superstition that Europe will be q materially in
creased purchaser. and 1t is certain that she will
not be st suoh prices as our merchants are disposed
to demand. We may be mistaken in our prem
ises, but it certainly seems to as that the best in
terests of our poole are to be found in pursuing q
Legitimate trade, in Whi'h profits are reasonable,
rather than in taking the rs IS Of a business that
tests for Its success upon remote and ~ no means
probable contingencies.
The iocal money market has ruled very close du'
ring the week, and closes without especial i'm,
provement. The demand for currency, though less
AntisA -hAz- bean na~-~-4han tit
Backs were disposed to supply, and loans were re-
suicted to regulsr customers. Exchange has been
fat at Il discount buying and par selling.
Gold ruled very steady throughout the week, ths
eItreu Is being made between IA and las The
demand for customs has required over three mil
lions dollars. The price clOled to-day at l445s.
In local commercial circles Bresdstufs have beer
dull and heavy. Flour closes. Wheat is lower and
dropping. Corn steady. Oats dull and declining
Bye and Barley quiet.
Provisions are firm and in good demand. Pro
duce is nrm at our quotations, bat except for But
ter there is very little doing.
Highwines are firm, but quiet. Petroleum Il
advancing, closing to-day at 7Oc
Groceries are firm st unchanged figures, except
small advance on refined sugars. The demand 1
good.
The following were the receipts and shipment
at this point by Railroad, Lake and Canal Of lead
ing articles during the twenty four hours endinl
at seven O'Clock this morning: