Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-04-01
FMANCIAL 8 COMMERCIAL.
FINANCIAL.
MORNING LEADER OFFICE,
FprnAv EvEHrSa. March 81 1865.


The reports from New York to day give the i'm
preston ihat ltrong effort is being msdS in go d
circles to induce a resctionsTy movement in prices,
and for this purpose the usual auxiis les to bull
opsrations, namely, unfounded rumors aud adverse
specuIations with regard to army movemsnts, srs
being employed to ONE extent, while ct the same
time c,rtain heavy capitalists are buyiog largely
for withdrawal from the market, thus attempting
10 work e corner - on the short in'er'st which
they hope will largely advance the premium Iheie
is undoubtt dIy, however, great deal OF caution
bel, observed In these movements, for the oP ra-
tors fo- rise we'll know that just nov Dir. meOni-
oeh has them decidedly at his mercy, ana 'hey
know equally we'll that he would not be tSrdy IN
the uss Of his advsnt ge II occasion presented. He
holds in his bands, to be paid out when Re msy
see tbs necessity fer it at any tiue b'fore the hrt
OF May seventeen millions Of gold d7e on the o-zOs
sufficient to counter balance, with a hans me
oYerplus, any such movements on the part OF the
speculsiors for an advance we have alluded to-
We do not therefore look for any permanent or
material reaction in god from present bgures
The "a @, TO- dsy at the hrst Board mo I'D Board
heidi ranged as fellows: 15l5{ l52, 49, closing at
| l5Isz At Gsllaghor's Eve;iug Exchange the price
closed at ISL.
The Railway Stock liit shows = general, end in
som, instances, a decited improvement to day,
which IS und, ubS dly mainly attributable to the
large msnd from the g ortI Whose contracts fall
due to-morroE. Railway Stocks follow the move
msuts of gold, and except in the cases whsIe GER
tain stocks ave be largely oveTsOld, no improve
msnt OF justified by advance in gold can be re-
lied upon. The following were reported TO the
stock Exchange in this city to might: Ohio aud
Mississippi Certificates 9l1<, Cumberland Goa
s51S Mariposa I31S, Erie 5l14, ResdIDg 81 q, Chi
cayO & NorthE,stern s;9z, Cleveland Titt, burgb
"a, Chicago & R 'ck Island 81, Fort Wayne s., Old
southsrn 4.
Governmeuts are better. ar d sre the frmest aud
most active securities on III list. The fact Of the
having u -tuated so little du'gg the recent panic
has given them an additional re. .ommendatiUr
among capitali.ts, who are ohsngjng railroad ans
oher sto, k, fos Government bonds as afordisg bet
ter facilities for borrowing up ia times Of voler
fuctuatIou. The "tear" clique on Government
appesr to have retired fr N their hercut an task 0
putting down the price of $3.50 OOO,' 90 Of tn
stesdiest securities on the maIktt The failure 4
not wltbou IL Jstruction or others Who may at som,
future day be tempted to undertake like imPos
sibility.
! The local meney Market is without change il
any particular. The demand for disoouat Is is yer
LIN tied, with good supply Of curreucy- Exehsng
} Is stsady at q di count buying and par Hing.
The Cincinnati Gazette reports less ease iU tn
money market, the drafts yesterday having be,
very heavy, aud the discount demand coDsIderA6l
increased. Leudes continue cautious. Bank rat,
are 1O9l2 -er cent, aud street rats l5@2f.
Z. In Chicago the demand for currercy is sctiV'
bot Bsnk-rs are reluctant to lend except upon III
except, nable col atera's and with wide margin,
The Bank rate for discounts IL II psr cent, and o
. the street Is a36 per snnum.
IL The subscriptions TO the 7-5O Loan thfoughor
the country continue on a liberal scale. jay Cool
reports Cleveland as returning the largest WesteT
,ubse i, tion to-day-S5O,OOO.
II shouId be remembered that tomorrow (Ap-
Is) the amended Internal Revenue liw ill
= into operation. This law impos's 3 tar Of on
twentieth Of one per cent. on all ssles OF Stock
10 Bonds or other securities, aud of one tenth of OF
Is rer cent on oil sses Of Sold, mEds by Broker
whether for themseIvssor for sceount of other pa
?, tics. Monthly returns cf all tuch Isles mrst
Is made in accordance with the requirements Of Il
u | od 1auv