The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-16

FINANCIAL.
m0RHINe LEADER OFFIOE. !
Moup.v EVrNISg. kfay Is. 1855. 4

MoNDAT EVEEISG, LAY 10, looo'J
The commercial advi;es from Europe received |
yesterday were not favorable to the n'ieipaioJs
very generally held on this side the ocean relative
TO the probable A,vAres on Government securities,
the q 1Otslions showing about the ssme condition
of the market as 20 ice as was reported by Pc
vious intelligence, with perhaps shade more
frmness. GoUp'ed with this the condition Of tbs
Br,adstuffs and Produce markets Is not eneouras-
ing to the hopes shipper IRON his country be-
ing generally fiat end dfOOping The innu nee OF
this news, in connection " tn theinereased demand
fo- specie by importers, is sready seen upon goid'
the mark, to-day ruling considerably hrmer ana
advancing from 2ss4 at the oPenhg this morning
TO l3I1< at the olo-e this eveaiug. Governments
have also fit the Ell Ct Of the Disappointment
and realized lower figures. ru'ing quiet and weak
Fur,hsr fore gn news, based up n better n der
standing Of the position Of affairs in this county
Than could have been known prior to the sailing Of
the Isst steamer, viii be somewhat anx'ously
l. oksd for IS sffording much surer ref OF the
tone of Eur pe4n markets than the Ravioes At
hand. Aud unlss the Judgment and busine $ sa-
gAsity Of European capitalists have been much
nj judged the is no reason to spprehend any
failure of csioulst.o.s form d relative to the
po,i,ion American securities will OCeuPi in the
| markets oi Eur Pc.
III, anticipated heavy drafts OF the Treasury for
time, which it is spprsh shsuded viii lead to tight
money market, has advanced the rates Of Interest
| ia New York to 6S7 per cent. Unless, As is the
impression in some fnsncial quarters, any eonsii-
! erab'e amount of the late large sales Of seVea-
tbir,ies have been ordered upIn margins there is
very little reason fr anticipating any serious or
long continued stringeBoy. moreover, Government
disbursements will be made promptly, end the
money thus p,id out will rapidly find its way b-ek
to the channels Of trads, its PurOhasing poWerap
preciated in the msantime BY the decline in COM
modities now steadily progressing. FurtheFmore,
we think Secretary MoOulloch will hardly be so
unwise asto allow tight money marie justat the
tInis or pSI-tiasu 2uOt,sr resies Of ths Popular
Loan, to the rapid sucssss ofwnieh an essy money
market bss been found 60 benehciaL
The 10 al money market is without material
change, aud Is ruling quiet. Cursercy is 10 good
supply with most Of tie Banks, though balances
being chiefly held ga nst s.vea-thirtits, are liable
to be suddsbly csll.d upon, Hnd are therefore moi
available for the u ual line Of time loans. Ex-
change is In fair Iupp.y and sesdy at par buying
and lilo to Is premium sci ing.
The sales Of Seven .thirtips at the Second Ma.
tionaI Bank to-day were sl97, 100 1t should b
borne In mind that subscriptions to the third Sc
ries Of the Popular Loan will be received without
Interruptions by all sub-agsnts uoder the conc
s-jes. and that interest will be returned from tn
time Of sub oriPtlou 10 the d,te Of the note Ju'!
10Th. The notes viii be ready for delivery by H.
first Of June. In sll respects the thiId series
equally advantageous ~ a means Of lnvestmen
vita these q ready sub erlbed.