Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-01-23
FINANCIAL & COMMERCIAL.
FINANCIAL
MORNING LEADER OFFICE,
Rk7rRDAT. Jan. 2lst, 1855,


Ths money market is steadily working easier,
and Bankers pretty generally express the opinion
that only short time elapSe before the pnoiie
will again Be able to secure all the money nesdsd
for legitimate operations at reasonable and profit
able rates. At present the discount demand Is not
very strong, the universal stsgnation in businesl
ci1ces resulting from tbs unsettled and uncertain
condition Of political matters, inducing unusual
circumspsction in operating, and depressing and
very materially eurtsiling trade. Bankers renot'
however, seeking customers, but are preparing
themselves to meet the reaction that may Be en-
adentIy looked for in commercial and financial
matters when The military and political iisus shall
have assumed . settled and definite shape The
country is evidently locking Aow with more comb
dencs than ever before 10 sn early fnishing up oi
the war. and sIl classes OF businsH men are en-
deavoring 70 place thenselve, Iisht for Ezeh IN
evsut They sec the wisdom Of resting their oPe-
rstions, a. nearly as possible, upon peace bAsis,
and hence are stepping cautiously Ia whatever
they do ths rule being to eondns themselves to i'm
mediate wants, and risk nothing upon speeuls-
tive ground. This shows a Eholssone eendlh
and nit continues It cannot require grtas while
to adjust the true values Of all articles By the
ornamental rue OF supply aud demand, which,
under legitimate condition Of things, Of course
controls. There are few, We imagine, who will not
gladly welcome this period. Exchange is In iail
supply, and rates arc easier. We new quote at Il
az OF buying and par selling.
The effort made this morning to induce re-Ao
tion in Gold partiaIIy succeeded, the rate opening
At decI5ed advance upon Friday, but the poTsl
to maintain the price was not strong enough t
resist the pressure brought to bear through tn
combination Of favorable military and POliliea
ei7ings-out, and the price rapidly gave way, clos
ing at the afte noon BoHrd at 1z920l5s, and i
the evening recediug still further and closing a
1881. We have no rel ort concerning the elOliu
rates nF Government and Railway Stocks, our rs 6
uIar Associated Press dispatch simply annoanein
them hrn. The dispatches to one o'clock this a
, ternoo7 showed slight iuprOv' ment in all ii
e | RaIwsy stsrey, and an advance Of per cent. i
Fire-tv,t mites. DeaItrs In Governments we're qu'
ting to-day for this market follows; 5-20s, coz
pons. lOs buying and 1917 ssIlingi 6's Of lss
11O% tuying and 1ie11E selling.
Tho passage OF EIr. stevens Finance bill in II
HOUSE On Friday, gives the Secretary Of the Trea
= urv tho power to issue in the nsighborbood
900 OCO UO9 in Treasury notes, and 1t Is announc
that he viii st once alarge portion of this iss'
y in paying the army. The bill also empowers hi
# 70 pacs the remainder Of the 5es about so OOC
IS Oe0 authorized By tae act Of February, 1852 sth
y mon the home or European market, as expedisn
70 NAV dictate The bill vss passed agreeable to I
T | dirsctisns and wishes Of Mr.. FesssndOn, AID "
+ do5blI;ss rendered nscssrary by tho Immediate
,s prosrecti-e wants Of the Government.