Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-01-19
FINANCIAL & COMMERCIAL.
FINANCIAL
MORNING LEADER OFFICE,

WEDEKsDAY, Jan. 18th, 1885.
Though the money market stu continues very |
Close at least 50 far as the ability TO discount is
concerned, there Is beginning to be indications Of
better state of things aRd # Is sot improbable that
IN few mere days the regular Banks sill be in q
condition to offer some help to these whose uecssli
ties for currency ore nest pressing, and whoss
wants v i'll probably be FIRST attended to. Ths lib
eral receipts from 1905 have brought considerable
money into the National Banks within few days,
and more comfortable feeling on the part OF these
institutions is being felt, and It increases viii
OF eourss extend itssto the others On the street,
however, the stTingeuey Is still fs,t, and viii not
probably be removed 30 soon as with the regular
Banks. There is, however, very little disposition
TO discount by tho Banks, and very few Aocommo-
dAtlonB are obtsined. Exchange continues close,
but there is not much demand. Rates are steady
at 4 on buying, and PAr91s premium selling.
Gold becams q little stronger in New York this
morning, and though without any very decided
speculative feeling, rallied an advance upon yes
terday's rates, opening at 21s1<. The market re-
cedsj, however, and closed this evening at 2l53s.
Government psr cent. Stocks ruled shade weak
er in the New York marke. this morning, but be-
came finer in the afternoon and cltssd quiet.
The rates hers aihsde easier, follows 5-20s,
coupons, 1os15 buyivg and 1lO7z selngi ss Of 1881
IlO15 buying and 1171S selling.
Daring tie week ending January 18th, there
we're thi1ty-tEo new Nstioral Baus author zed,
representing total capital Of SCI, 223, $40. The
larger portion Of these in the Eastern States
| Sixteen National Banks during the same tins in
creased their capital in the aggregate 1884, ,s6.
The whole uumber OF National Bsnksis aOs III,
with a capital Of sl5s,7 Esq. Thus It will be
seen that mora than half OF the three hundred mil
lions authorized by ths National Currency act has
already been taE, up. This balance Of Sl45,2sT,-
iOi willprobaby soon Be absorbed by the OLD State
institutions coming under ths operations Of tbs
new Law. The amount Of oaTrenoy Is ued during
the period ending above wGs..........S ool goo
Previously ts'4es, 0zO
Now in circulation $50 fO9, $40
The following additional National Banks have
been designated by the Secretary Ofthe Treasury
as doFositories OF this public money: First Bank of
Bethlehem, Pa; Nassau Bank Of Brooklyn, N. T.;
Union Bsnk of Chicago, Ill.
Eighteen new petroleum eompan e5, representing
on aggregate capital OF ss 1s5 COO, were organized
lat week. The figures now stand IS follows:
Companies. Cap!taL
Organized last wfek-.-.....,.-.. Is ss,1s5.0uO
| Previously orgsniz5d.--.---,-...3SI z25 5O,OuO
TotaI..-....................,3 s235, IA, 900
The Cleveland, Columbus and Cincinnati Rail-
road Company have declared halfyeArly / igi-
dsnd Of per cent, payable Feb. l, making 10 per
cent ont Of the net profit of 1864, on the Capital
Stock The
Earnings in Gross .............--...-... s1442t3s
Expenses l2SS,OsO
sl,hs.9I7
| A - r