Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-06-07

UNI instantly bounded to l543, slnce Whlch
time it has steadily appreciated. Had Sec
rotary M0Cu1loch committed his business to
an intelligent man, or at least one less sell
fish, the interests of the market would have
been equally well taken care Of, and the
Treasury would lave been a large gamer.
The Secretary's apology, in view of the
facts in the case, will hardly meet the sanc-
ton ofthe intelligent public, notwithstand-
ing his statement that the course pursued
met the approval ofthe soundest merchants
and bankers in New York.
A Washington dispatch to the New York
Herald says the report of the examiner Of
the Veuango National Bank reveals one or
two curious features. 1t appears from the
sworn statement Of the bank made JaIu-
airy !, 1865, that the government depc its in
that institution amounted to but ninety ne
thousand dollars Sometime in February
the Treasury Department drew upon the
bank for sixty-fye thousand dollars but the
draft went to protest and has not yet been
paid, but when the bank failed, on the 2Sth
of March, it was discovered that the gov
eminent deposits had increased to two hun
dred and twenty three thousand dollars.
The securities in the United States Treasury
Department amount TO but fifty thousand
dollars. 1t will be somewhat difficult 10
convince the public that il was ample and
sufficient.
The issuing of the new nickel FIVE cent
pieces does not find much favor at the Treas
ury. Their cost to the government in metal
and casting is SIG so for each $50, and there
is no provision Of law for their redemption ;
while it is claimed that the five cent paper
token costs the government but one cent for
each 20 separate issues, and are redeemable.
In the general markets we have still to
note a very dull condition of trade. Buyers
are in the market In 9ery small number,
and their wants are few and simple. There
is not even an inquiry, to say nothing OF
transactions, Of a speculative character, and
the wholesale trade probably never ap-
preached nearer a retail business than at
this time. The movements in Flour continue
on the most moderate scale, and nothing new
can be said as to prices, which for the up
per qualities remain frmer, and for COM
mon and medium irregular and unsettled.
1t is a generally accepted conclusion
that choice red and white winter wheat.
Flour cannot reach lower figures than now
prevail, but for spring and common quail
ties red and white there is less confidence,
and parties who have liberal stocks are not
unwilling to make concessions. There con-
tinues a moderate demand for Milwaukee
spring Wheat, but we hear of very little
inquiry for other varieties. The stock Of
spring is very light, ard prices are steady
and firm at sos, some dealers holding
above these figures, though they are proba-
bly, sIl the market will bear. Corn was very
quiet to-day and steady at 65e. Oats are
neglected. Rye is frmer. Barley nominal.
There was rather more doing in Provis-
ions to-day than for some days past, but the
demand is confined to the trade wants.
Prices are unchanged and firm. Produce
has a very quiet market. We hear of no
movements in Butter, and dealers will not
take hold for ten days or two weeks TO come,
Cheese has a fair trade, and is firm.
In Groceries there is a good steady de-
mand for staple goods, and the high price
reached by gold has imported a decided
frmness to the market, and led to higher
prices for leading articles, though the ad-
vance has not been in proportion to that Of
gold byvery considerable. Our dealers are
now putting out their goods at very low
margins, and Notwithstanding the advance
and very firm tone of the market, it may
be correctly observed that prices here ia
vor buyers.
The Dry Goods trade has been rather less
active with our jobbers for the past week,
but they do not report a dull market. Prices
have ruled steady, and some goods have
an upward tendency. In relation to the
New York market the world of Tuesday
says:
The market for domestic dry goods in this
city since Tuesday last has experienced a
decided reaction from the activity of the
previous week. Owing to heavy purchases
by spectators for a rise, prices were ad-
vanced fully fifteen to twenty per cent. up
to last Monday. The result has been to
check business completely during the week,
and goods are offering at adecline, with but
few buyers. 1t is the general impression
now that prices will decline at an early
date; and that, until this takes place, the
market will continue dull and inactive.
Hides and Leather have a frmer and
better market, and business is improving,
though the market is still not active.
Asample of the French Flour recently
imported at New York from Liverpool was
exhibited on Change at Chicago a few days
since. The Tribune says;
Our Chief Flour Inspector informs us
that it will compare favorably with the best
brands of our White Winter Wheat Flour.
1t is higher ground, but not so well cleaned.
1t has been brought over in sacks of $50
lbs. and smells a little of the ships hold,
but this will work out as soon as the Flour
is mixed with water. The Flour sold in
New York at $500 per barrel.