The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-09-04
FINANCIAL Z COMMERCIAL,
sAruspAT EvEsIss. Sept. 2. 1885.

SATURDAY EvEEIss, Sept. 2, 1885.
The course OF financial matters during the past
week has not been disturbed BY any UNUSUAL o-
currences, no more Kstehums or Jenkinses having
come to the surface 10 jostls the tquanimity Of
Bank Prss'dents and strike terror to the hearts Of
~confdiDg d.positOrs, and there is nothing to report
out of the regular routine. In the seabosrd cities
there has been q steady accumulation of currency
during the week, coming from all portions Of this
country, and largely from the West, while the de-
mand has been on g very moderate scale, the direct
reasons for which were the almost uninterrupted
dizziness in the Sto5k market and the comparative
" small amount of money being invested in West
ern produce, the relative prices Of cCmGOdities be-
ing such as to shut out ali possibility Of profitable
trade between the two sections. In New York
fluids have sought borrowers, and call loans have
been readily obtained st 496 per cent, and good
mercantile paper at 698 per cent. and at these
5gures discount houses have had to complain CT an
unusual dearth in th-ir business. All the Eastern
markets close for the week with heavy balances,
which will undoubtedly be largely augmented BY
the trade of the current month.
Meanwhile the Western markets have expert
snced : heavy drain upon their currency balances.
and there is not g prominent producs-receiying
poins. with the exception Of Cincinnati, that hasnot
been reduced to 9 condition Of stringsncy. A large
portion Of the currency thus used has ben EN-
ployed to move grain and produce from the int
riOr, and is thus simply transferred for the Q
from the banks to the farmers but Id
cradle portion has gone to settle Eastern purchases,
for which there has been no return from the East,
exchange being largely against the West. The
Government at the same tiDe has drawn quite
heavily upon SEINE Of the Western repositories,
,pm. In tbi. m,rk,t tho .,r,na.no, h.. d.urI
creased. both from . h,i.k a.n.nd Inv toanr 80
thu wi,bd,.w.Io, h.I.n,a. hv d.oo.t,o-a "a -
d.v .oma 81 tba b.nk. havs - oonn.u.a -
DostDora cornoda,ioo, - ,hatr -
NEXT week. with the bone that tba oonditIo, ~ =,
fairs NAV he mora f.vorabla or sours. no en-.
/ sida ~ nsnar st.nd. the ,ha5ow Of -. 80
~ezi,ting cIrcum.t.n0as NO no,tar owd.ss,.hIe
| wouId Otherwise he. The .t,ine.ncv n our-.ncv
| ofconrs. ,.,d. 10 ws.kan -...-u1
ro+ss - 49, 49,. -
lar. some of the Rsns, haraht A. 49,. a.
| count and ,old at mar. o.nsr, bo-svsr 80 =,
| the old rates of mar buvino and nrsu5rm ali.
/ ing. and the maTkst cLo.sd pn.otrisd a. Y on 20
par buviHg and mar 20 Y Uranium ssuino Tbs
1upplv Continued cIo.s.
Gold has ruled rems, ksbly steady durinp the
4 o. n a NAtL ANEENIuNADNA 10 m AhHAEE4 III
speculation, the bulls and bear. having apsaraut-
" determined to hold on for a season as the most
prudent and profitable course. Tbs main strength
Of the market il the dsmsnd for ops,ons dntIs.
which IA largo AVERAGING ovar "a n OoO a a. A..
ring the past week. The export Of snaoIa for ,ba
week amounts to Iess than 500 900. Tba gensr,I
tendency of the market has bsen inward. Int ,ba
advance since Monday, when the p lea on.nad AZ
I4ss<. has been less than 1 Der cent tha nrica clo..
ing to-day at l445S. IT IA probsbIa- bowavar ,ba.
without the sales Of coin bv the Gov4rDmsnt and
the psymeuts on the ten-artv oold ,ptara.t com.
M 'iuAy' Il Pii'e must iheN'AO'S nave
" "i o'on ING Hou1
~ uPOI '"o ara Anere was no' ree
'uPP'y . ~ sO'u sumo iueA u = heAsJ orAin
sn. ior
Au9l'' 70 eio,OOO,UUo' . equAi 70 .
ysany HsslssAe St'o'oOV'OOO' neAriS Two ana :
~ = AnhuAi COIL interest," On tue pubic
~ -" P'O@J ~
% mAIerAhy Dsio" 'hose Oh august and IS no
further gold interest payments fall due until No
vember lat. Il ia prohabla the Traa.urv viii con.
uhue lof time inc 'Aie Oh coin.
Government gold securities in all the Eastern
markets during the week have been strong and
$500
ouoSsn'' u supp Oeihs hooerAse anu 'ns oe-
~ NA1
opened dull. and up TO within a dav or two ware
n.ota,ta, mica. h.i,o h,ralr uah.t.f..d 49,
'Noukn
the stronseet tuorts OF the Dull element The
growing ease in the money market and the anti
clip 1tion ofa September rise have however induced
more attention TO this class OF Investment aimee
the LIST inst, and business for = time promises to
be more active in this department.
Secretary McCulloch Issued a statement to-day
Of the public debt on ths Sist Of August, the chic
poIOts of which will be found in % telegraph
columns. The statement adortI The highest as
surance Of the economy with " llch tue financial
ms. in,rso.a M oo,eS... -~1
~
DoD.r,mar+ ,onn.L..-~ - -
nad.oah a. az - ~
ciss IN The 6anrss san, ~ tafa.-o1h s."~.~1
IT, on.tsrI.un
-
.u. !" '
M
Mundane Of money ana cnsdi,s reosTdad : : noaS
almost as cash In hand Southern traders some
provided With receipts for cotton, rice, tobacco
- 80 ~ = mHn man HnA oonpAnle,
ahIeh makes them readily svaiisble. Thsre IL !
good deal doing in the way Of settliag old southern
nss. nv san,bs-r bons IsL OF ane1Pecteo prompt
mand for goods from Chicago. 0ipUipnati' al
Louis and Louisville Is larger than usual, and sy.
ZIP mOuS 4t transportation from this city is over
and strings OF teams waiting 10 Ie.ba their 100
embarrsss lOeonotion about the CITY,
The Produce mArketsin this city during the past
4 EaaE haUa haan ebar-FfarT1ad 49,, 4