Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-08-03

1854
SliFer-AAsgs-------------lG l46 -
skies Of IssI, ex- eoupons.-...l0S5 100
F~ive-twenties Cs62) ----..-.-.1CT 1ns
Five-twenties, QsGD -----.---1o4% # F5%
Five. twent.ss, Qs65) ---.IC4Z lU5%
ssy sn-thirties Qst series }. ~, lesZh = = IG4k
sessnrthirti5s, cd and 80 series1ieSz L@s-1e4z-
fen-ioches, ougon.";-S. ~ W
fOompound-int. NOtss.'ea-lG%@lG7k- -lo6tSIO9
The local money market to-day reiapsed
into the quiet mood, and there was consid-
erably less doing than observed yesterday
The wants of the mercantile community
seem to be quito moderate, and The dis
count demand runs light. Good paper
inds ready acceptance, and though bal
ances are lower than at the beginning of
the week, currency is still comfortably
easy.
The demand for Eastern Exchange is
steadily in exsess Of receipts, and the mar
ket works closer, with a tendency toward
currency Shipment No change has been
made in rates, which we continue TO quote
steady at par buying and Ito premium
selling. ~,rqs,ma
It is reported that several delegations
representing the commercial interests of
New York and Philadelphia, have waited
on the President within the past few days,
urging a further reconstruction Of the Cab
met by the appointment of a successor 70
Secretary MeCulloch. They do not under
take to name Mr.. McCulloch's successor,
but declare " that a man of nerve and ex-
p~erienee is needed to rectify the vacillsting
and laundering policy which has charac-
terized the Treasury Department for the
past six months While we have been
every ready TO sceord to Secretary Mccul-
loch honesty of purpose in the discharge
ofhis official duties, there has yet been ap-
parent in his administration of the finances,
especially during the past few months, such
an evident want of ordinary business iudg-
ment and common financial sagacity, that
our faith in his ability to successfully exc
cute the arduous task before him has been
materially shaken. Of all the late fnan-
eial measures introduced into Congress, of
which it is fair to assume Secretary MeCnl-
loch was the chief author, there has been
exhibited a disposition to tinker that is
neither necessary nor desirable in the man
ageuaeat of the National finances, while in
other respects there has been shown a
l~ooseness that is Justly censurable. It is to
be feared that the Secretary has become so
thoroughly impressed with the duty of sus-
tanning "my policy" that the legitimate
duties of his Office has been sacrificed TO
allow time for political work, and that the
all important question of the finances, to
which he should devote his whole atten-
ton at this juncture, have been lost sight
ofin the effort to advance the cause Of his
Chief.
Commercial matters at this point assume
no new phase, and the situation to-day was
only a repetition of that of yesterday, with
perhaps The addition only of increased qui-
etude. On Change there was nothing oil
Importance done, and the street was no bet
ter. With regard to prices the market is
steady and firm. No. 1 Spring Wheat is
strong at $500, but wants buyers. Flour
is steady, and the uppar grades firm, but
the demand is graded entirely to the wants
of local and neighborhooi buyers. Corn is
quiet and unchanged. Oats are very scarce,
and No. I will readily command Use, and
probably SOC could be obtained. In Rye
and Barley nothing doing. In the Pro-
vision line, the demand for city
cured Smoked Meats keeps good, and
prices rule firm at the quotations prevailing
for some time past. Butter is in moderate
call from local buyers, and firm. Eggs are
firm at our quotations. Cheese dull and
unchanged. Highwines in moderate de-
mand and steady. Petroleum is irmer and
better, with a fair demand for bonded ; free
is dull.