The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-05-22
lFNANeFIL76 9 EOMMBRCIAL.
FINANCIAL
%astfg fg2E7prn OFFto,

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yns hORFING LEADER OFFICE
"A eATuRDAY EvENIEG, May 20. 1885.
Hhs sGbserips Hons 60 the fsird isFiss Of Seven
thirties ID tot Rove ofEith The itiVity that Was
zppectsd n sew u ths nSbFecs dentsd sale of the
sscoid &fies duSE1 Fse Isst two weeks Of its e-
istsnee. Th,re are probably several reasons for
this bot sasneiAl Uirc,sS aserIbs 1t chiefly to tbs
option resefvsdh hJs III SHSGuiloeb Of paying SIX
PsF-osnt. iatsrest1Hz.esd q the seven and three
tsnthi thus Tdueiag The value Of tee notes Of this
series twe1y per cent bel0W from those Of its pre-
dsSestors.' 9he New York Post commsn's sdit0rl-
aHi o8Paoa, (which Ii terms = anancial
mistakSs Tfs Post reviews the sfisct OF substitut-
ing fer thsax-p per CENT, Hiye-twenty Loan the i've
PER cent. Ten-torties, at a time when the PeoPls
were enthusiastic in taking the fofner which re-
ultea, ss viii be Tss0Bectsd, iarths AlmSst COM
PIete BtOppstelOf sl subscriptions to ihe Govern
msnt ooDpelHng largely incrs, sed currency issues,
thereby aiiing the op Tatons Of Ri classes Of spec
ulAtors and very iorcibfy u,es this fact ss preoe
dent in Rec61ating Tor the large 'alling on In the
subscriptions t. the new se'i.s Of Ssysn-thriies
under the option arrangement by viii h they are
made 10 bear the same relation to preceding isius
- ne ien-forties to tle Eve tWsniies "Taken BY
itss' saSs She Post &" the logical effect must be
to raise the rates Of gold put OF the resumption ef
specie psympnts, and keep up tie price Of food
If these results do not follow, II will b. because
the vast economics or ths people will control the
usual o6ufss ~ fhings.'E The Post C includes By
saying fsThers is only cOuTss fer Mr.. Nc nj
foeh "a tAke-that is to revoke his option and let
the people move on 10 support Of the eoyernmsnt"
Ths other Leading New York papers justify the
eours q AIF. MsCallOeb, and do notssem 10 sP-
p-shend'fhe dinettlteB feared By the Post, The
Tribune says ~ The ssles ,f the third series are
proceeding as fast as The Treasury needs the mon'
ey. snd aided By the receipts from taxes, falling
due Jalg Is WIN enable tbs Department to meet
sT ObIigAtic us with PromPtness unknown during
the pest tour years. The expenses Of the Govern
nent are decreasing rapidly, and at \ distant dSy
| Mr. Mteuloeh viii be abs ts retire enTIeney."
7 Notwithstanding ths heavy msnd for export
to.dsy-over tao millions dollars-GOld declinSd
ON the figures, Of yesterdey,y siesing at Galls-
gher's this evening at Is "a Infsst that the re-
cent heavy shipments or .oId fssss had no other
/ sdeotFfhsn to maintain the p .smiuu at the point
reached By the last downward movement, isan evil
dsnee Of the inhsfent weakness Of the market AID
4 It's tendency 20 over figures.
4 fGoTernment Gold Bonds were firmer in New York
to day,And the Offsrings lighter. Holders be-
coming daily more confident, and those who are IA
/
present out OF the market as sellers
RaiIaa5 stocks were somes hat excited to day,
bat theeontest upon them continues between the
bus Al hears, snd the outlide public are showing
very little interest IN the fight
THIS New YORK World Of this morning says ol
1ths money mArAet: ''The money market shcwI
contnued eOse, The supply Of loansble faLds being
in excess OF the. demand. The 70 eign taDkeri
and exchange deale are Lending on call st foui
to ave per cent, and the general market range
from nEs to six per cent the latter being chiefly
for stock oOHAterals." ..a.' "a
The local meney market continues quiet for diF
counts. The supply otcu-rsnoy Is easy. ExchApg'
is close, but rares are unchanged at par buying an'
1-lOto91 q Premfdm seIIifg. Z. e.
/ Il. Z. Money Marlkes-HIay 70.
20 ti2ila lBE TELEGRAPH.l
. r MOEey--Easy At . Ct foe cal loans.
SterIIng hXehange-Quie ami firm at IOa5
Halo for gold t.
~ Gold Du.I and without decided change, oPen
ing a 1907. and closing st lSt3s
6lDVernn1eOt StOelxs-A shads frmer.
D Total exports OF specie to-day, Sz,lU7,O 600.