Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-02-10
6 COMMERCIAL.
FINANCIAL
MORNING LEADER OFFICE,


THURSDAY, Feb. 9, 1885.
The Money market here continues unchanged 30
far as the supply and demand in currency is con-
eernsd, the former bsing still small and the latter
on vlry moderate scale. In short, as we have
had occasion to observe before during he past few
weeks, the depression In trade, and tho fact that
merchants and business men are not making any
new obligations for anything that cannot be imme-
diateIy Put into money, Of course cats of largely
the demand for currency, and keeps financial mat
ters in the same quiet channel with commercial
business. Exchange is In rather better demand,
and elose, with rates firm at 7S9H on buying and
par selling,
The Gold market in New York TulCd rather more
stea5y to-day, and evidently weaker, decline
having been established from the closing rate Of
last even ng. There is rep rted to be no specula-
tive feeling in the market at prsEent, the dispose
tion icing to await important military Ie.ults
which are looked for eysry day, especially from the
srmy Of General Sherman. In addition to this,
to- are other sauses, which are at least apparent
and exercise their due inAusncs with busineII men
and these more Immediately concerned in CO.. OP-
eratOns. 1t is now certain that NJ more lsgal-ten-
ders will be issued under Mr.. Fe5sendens admin
istration Of the anances LssiIation is in progre;s
1
tionaI Banks, and for prohibiting them from re-
ceiving or paying out notes Of State Banks. The
State Banks must soon suceumb before all the OBJ
steclss to their operation as Banks Ofissue, and
thus The paper circulation other than that which
is put out By tho Government must soon bs re-
deemed. Then, a. gain, exports incIeasing, Will
imports are light changing gradually ths current
of forsign Exchange in our favor. At the sam!
I a.
successes, finding steadily increasing demand
in European markets, for which they return us
their gold and silver. These fact are perfectly
dsrstood by the Gold operators, and they will be
found to consistently govern themselves according.
ly. Cold opened tn morning at 2lS54, and at thS
8 o'cock Beard clo-oi at 2Iiz<. Az eAllsgher'i
Evening Exchange closing the rate is reported al
sl2.
Government Bonds are without ess nlisl change
though frmer- They share the general quiet thai
prevails in all classes of inTestmsnt, Railway
shares w-re firm 10 day. but without much chang
from yestsId,y, and dull.
Tho Gemald for the 7-3O Loan ia good. Subs zip
tions to it TO day at the Second National BanE
w-re s47,OOO The Merchants Bank Of this city
commenced business under tie National system to
day, and wi receive subscriptions to the as al
a tub-age1t OF Jay Cooke.
The Cincianlti Money marke. is still reported
very stringent, aHd mu'h in need OF the long-de
fGred relief it so much requires from Government
Pariiss much in need Of money iud great difeuliI
in getting along, and Rrs compelled to submit t.
heavy discount on the street.
In Chicago the Money market is = sha ie better
hut the supply is not fully up to the demand, ar
wide margins are the rule among the pgulb
Bankers, While on ths street Pas PR CeEE. 1
month is exscted.