Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1865-03-31
FINANCIAL 8 COMMRRCIAL.
FINANCIAL.
MORNING LEADER oFFIoT,
THURspAY EVENIEg, March 50, 1866. !

THURsDAY EVENIEG, March 81, 4ooo.
God gave farther evidence Of its weakness to-
dAy, aud fully justified the cOneulien expires ed in
these columns yesterday, hat 1t OILY needs vi h
drawal Of the popular belief that $50 is the Etan-
dard for the god value to insure lis decline TO ma
te ial'y lower figures than have been reached du-
ring the present. downfall. The price this morBlTg
receded Immediately afer the opening to 14914,
but subsequently, rallied to 100 at noon, though
without any especial strength. The closing rate
this evening at Gallsgher's Exchange is reported
at I5l$S The short contracts said to be al eOE
sred and there is very little disposition to do any
thing either in fhort or long operations.
The effect Of this ecEtinued exhibition Of dist ust
on the part of the gold operators, eylneing as it
does pAnieky undercurrsnt, which needs only to
be ,tirred up BY some suddsn military political
coup d eat to re-ensct the events oflast week and
the week before, Of course has its due influence
upon commercial circles, not only 10 lowering val
uss upon almost all sricle-, but in depressing and
contracting trade to the nsrsowess limits of con-
sumptive necessity. Under circumstances such as
the present the dark side Of the picture is always
uppermcst, and where every dealer, in whatever
engaged, is "besr," the tide must inevitably
drift all Que way Out military siEuaii IN OF pres
| enE 10 6ltlIeI1 ONpuhtl 10 buu HloNGllcuAa III
snythiDg, ard it is entirely reasonable to expect
that as success follows success in the field br.ng-
ing us daily to peace. the movements Of val
usI " Il be tsward the lev which the popular idea
may TX upon as the peace ststus. Beyond this
point we cannot now safely lcok, but 1t sesms in
evitable that no action occur until this point
whsrey er it may be, is arrived st.
Government Gold Stocks day have ruled hrn
and steady, and the dema in tbs Es,tern mar.
kets is liberal In this market the demand Is very
| light. AM rates are mainly nominal.
Bailwsy Stocks continue heavy and weak.
frif'ng i'm, ro5ensnt wss effected to-day after tn
rally in g Id, but this market is without strength
or speculative feeling. The latest quotations WI
bs found on our frat p ge.
The local money market continues quiet, snt
Il without notable change in any particular. Bank
srs are well supplied with currency, aud only avail
a stttlcd condition Of things TO enlarge upon al
active ale. Exchange is firm ct = discount buy
ing aud par selling.
The Cincinnati money market works easy at lp6
IL per cent bstween bankers and their customers
the street rate being maintained at l592i q cent
The demand for mon, Is fair.
The Chicago moneJ market continue close an,
string mt, but the discount houses are showing
more accommodating spirit to hrst. class borrow
ers at 10 per cent. Street rates range at 293 pc
cent. month.
A Warrington letter, up3n the authority Of tn
Bureau Of Internal Revsnue, says:
The total receipts a ON July 1, 1854, to last Sat
urday, March -, S65, were S so, ,664, s4i 81. A
the incr' ased taxation commenc. 8 N the lst G
April, aud hs ths returns Of the income tax vii
a6h here IN June It is safe to estimate that III
receipts intsrnal revenue, f4r the present nssa
yea7, will exceed S2O,ttO,W0 It viii mora thai
pay the interest on cur publi5 debt which has beei
es' 'imsted at sIsO OOO,OeO. The other expenses 0
the Federal Government for th' present hscal YEA
have been IS imated at $50 COCO In Ioun
numbers there will be S4i5 O00,f 90 to be provide
for by BOns other means than bone taxation.
The subscriptions TO the 7-3o Loan at the 7e-oa
National Bank in this city, J, sterdsy and to-day
ws-e in round numbers Sol ,O0O.