The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-06-14
FINANCIAL & COMMERCIAL.


TUESDAY EVENING, June Is, ls6o.
Generally, the monty market here continues
quiet, though enc or two Of the Banhs rtpOTt more
activity in their business, = rather better inquiry
existing With them for currency than for Eome
time back, though this demand doubles comes
chiefly from the Government, and only 8 mail pro-
portion Of it from The business community. The
supply Of currency with most of the Banks is .
shade easier, but In the aggres ate it 10 close. The
dsburssm ,nts Of the Government, hows1sr, are
being felt to some extent, and more Confidence Is
felt in a freer supply Of funds within . short time.
Exchange continues very close, and rates are hrm
at pa, buying and 4 premium selling
The advance in Gold is the subject Of most inter
est in financial and commercial circles at present.
The pr. MUM advanced about two per cent. to-day,
the rate oIosicg this sf'srno m st I425< TwodAys'
later ad,ices from Europ', received this evening,
are unfavorable to Aneri an securities, q further
decline Of l@l% per cent having occurred on
Five-tweDtlss. Cottsn Is s'so reported dull at .
decline of I'd The oOmnrrciAl news is gensrAly
unsatisfactory. The further decline in our secur =
ties abroad viii tend to increase the weakness at
home Induced by the previous in ell'gSnce, while
at the same tims it will operate ts siren then and
advance the price Of Gold, which viii be aided a.
mnoh as possible by spectators, who will lose no
time in taking hold OF the d st decided symptoms
Of an advance to carry tbs premiuu IS far up as
circumstances will permit. Unfortunately, they
will ind too much laV0r 10 their efforts frcm the
commercial situation. The English markets ap-
pear to be quite IS s,AgaAnt IS our own, and the
tendency Of produce is dJvI ward, thus afording
little hope Of a demand from this quarter through
which to replace even the minimum portion Of the
specie that promises, Nita the scarcity Of foreign
goois at PRESENT in THE country, to be stesdny
drawn to Europe in Increasing vo ume. The e1-
cess Of imports oSer exptris last week was $780,
900 in geld, ard as the latter may be expected to
dsoIesss sh, uld the position of the for,ign markets
continue rs at present, this difference viii b. grad
usly until the demand for foreign mereandise il
s~stiried. The simple principls of demand and sup
ply, therefore, seems to determine q materially
higher figure for Gold, to which aust be added the
inevitable ~io1atiOn, under such circumstances, Of
speculation
The New York Tribune says money CONTINUES to
grow easier, and is freely offered on the street ct 5
per cent vi ,hout takers and large amounts have
been placed at per cent.
10 Cincinnati currency is working closer and E1-
change ea.ier. Ia Chicago currency is abundant
and Exchange close.
The movements of ssVen-thirtiss in this market
continue very light. The Second National Bank
to dsy sold s $500.
With the exception Of No 2 red Wheat, the mar
ket here to dr. experienced no decided change re-
sulting from the advance Of gold. Flour ruled
quiet, but steady. No 2 red What was in good
shipping inqu ~, and improved 29sc; . fair de-
mand wa, a so shown for No 1red, but at q decline
from the last reported ss. Is, the market c%losiBg at
the outside figures as given below. Corn c%cntlnu's
neglected and romlnAl, holders oherigg feely a.
5sc, without buyers. In Provisions we note NO
change, The demand for Smoked Meats Is good,
Pork and Lard ruling quiet. Produce is more
quiet, but the only q~uOtsble chang we note Is in
Cheese, which is a shade easier. Butter Is dull and
weak, but the market does not rfcsde from 9Oo e.
TIE extreme price for choice Western Reserve
Highwines are very dull, and quotations continue
nominal at 81. OOa2.Os.
The following were the receipts and shipments
at this point by Railroad, Lake and Canal Of lead
ing articles during the twenty four hour ending
ct seven O'Clock this morning: