Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-06-18

Compound-int. Notes, "a In7T1II0L lOsI6dIl5
ComPound-int. Notes, '65-IO2EGIO5 lC3%9Io6
The local money market works closer for
currency, with an active demand for dis
counts. The course of balances, during the
week has been steadily downward, though
deposits have been quite free, and at the
close to-day the market had almost touched
the point of ~stringency.
Eastern Exchange IS offering freely and
is easy and in increasing supply. The mar
ket is consequently weaker, and rates are
now made / discount buying and par sell
ing. The change is effected chiefly through
wool operations, tho movements of other
classes of merchandise being still very light.
Commercial circles in New York were
considerably excited to-day, in consequence
of the foreign advices, and a strong sPecu-
lative turn was given to business, resulting
in a sharp upward movement in prices.
The advance in gold, if maintaiDel, and
the strong probability of hostilities in
Europe, viii tend TO increase exports of
produce, and in the event Of war a consid-
cradle revival in commercial business may
be reasonably expected. The West would
of course share most largely Of the bene-
fetal results of such a condition, aud a spur
would be given to activity in all branches
of trade and industry.
In this market to-day there was no es-
sential increase in business, but there was
more inquiry after the receipt of Eastern
dispatches, chiefly for wheat, and some lit |
tie speculative feeling was manifested. For
No. ! Spring holders demanded q very de-
cided advance, based upon dispatches from
Milwaukee quoting the price at 81 80. and
at the close the asking figures 81 zoo %.
Our report from Milwaukee tonight quotes
at S205, with a firm market, at which price
wheat could not be laid down here short Of
s. 26. The stock here is not large. For
other varieties there was less inquiry, but
the market was frmer, and choice qualities
red winter were fully 1Oc better than yester-
day. Flour was quiet, but very firm, and
though we cannot report any change in
prices, an advance on Monday is quite prob
able. Corn was without much inquiry, but
firm. Oats were in moderate request at an
advance of Ic.
In provisions a fair business was done,
and prices of pork advanced after the
Eastern reports Sl.OO per Dbl. on No.
aud No. 2 mess and clear. and $500 on
prime mess. Smoked Meats, Lard and Mess
Beef unchanged.
Butter continues very dull, and the very
choicest IS not q~uotable above 25c, and this
can only be obtained in small way.
remains steady, with a fair demand.
Eggs are in moderate inquiry and IN
There is only a moderate business doing
in other commod ities, and prices remain as
previously reported. Highwines are firmly
held at S2,25. Petroleum is in very little
but refners maintain full figures.
InlWoolslocsl dealers are not yet doing l
much, but we hear of considerable pur-
'hases in the interior by agents Of Eastern
and the demands from this interest a
It bank indicate a fair activity in this line. q
The condition Of the clip is, we learn, very
much improved upon previous years, and :
to DO still better. Prices range
rom Is to 50c, with occasional exceptions
or very choice lots at 52@53c. There is
enerally represented to be a good disposi- I
ion on the part Of growers TO take what the \
larket offers, and it is thought the plan of :
Gliding adopted last year, and which
roved of serious loss to growers, will be :
cry little practiced this year.