Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-06-05

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Compound-int. Notes, '64-IOTk@llO% lOS%9ll2
ComPound-int. Notes, '65-lO2Z9lO5 l@&@lO6
The local money market opens for the
week without any new features. The
banks report a good steady demand for
loans, and quito generally represent their
condition close.
Eastern exchange is in no better supply,
but the demand is moderate, and bankers
are meeting the requirements of their Gus
toners with less difficulty. Rates are un-
changed.
The proposed amendment to the National
Bank Act, relating to the returns to be
made to the Comptroller of the Currency,
requires the banks to make their reports in
detail every month, instead Of quarterly, as
heretofore. and also requires the reports
now made on the first Monday in January,
April, July and October, to be as much
more in detail as the Comptroller of the
Currency may prescribe. The items re-
CURED to be separately stated in each re-
port are clearly defined, and the monthly
report must be verified under oath by the
President and Cashier, or either one of
them, and two of the Directors, and the
quarterly report BY a majority of the Direc-
tors.
An official statement of the revenues of
the Government for the third quarter of
the fiscal year has been recently made pub
lie. The aggregates are as follows:
Customs (gold)--~.~"..-.-s46,645 ,597
Excuses (currency)."-.-.~... 66,I53,O9
Mlscellaneous-...".."....".. l2,l3O, 36l
Total. SI24, 929, 049
First and second quarters, SO2,O59,4s9
Total nine months .......S 1926. 9s8, 55S
Basing its estimate upon these results,
the New York Times assumes that the total
revenues for the year will reach SOL, 9ss,-
SIS.
That portion of the bill L relation to the
national currency, introduced into the US
Senate or Thursday last by Mr. Chandler,
which requires the banks of the country to
designate a bank of redemption for their
notes in New York, Philadelphia or Boston,
and keep on hand with such bank a reserve
Of % per cent. of their notes, is meeting
with objection in many quarters as calcu-
lated to operate adversely to the interests Of
banking institutions and the business COM
niunities outside of the leading eastern
cities, and as an entirely unnecessary and
invidious measure.
The Chicago Tribune says of the Mer-
chants Union Express Company:
Contracts for transportation nave 6lready
been made by the new company with the
various railroad companies between New
York, Cincinnati, Chicago, st. Louis and
points along the Mississippi, with the ex-
ception of the short distance between Cleve-
and and Toledo, the Cleveland and Toledo
Railroad Directing, for reasons best known
to its officers, TO making a contract with
the new company. Should this short road
persist in its objection, the contract will be
made with the Crestline and Pittsburgh
road, its rival, and of equal distance, for the
transportation Of the express matter to To-
ledo, whence the Michigan Southern Rail
road hiss contracted to transport the same
to Chicago. q
The capital stock of the has
been increased to $50, 900, 900, all of which
has been subscribed by merchants in the
various towns in the Northern and Western
States, no one subscription exceeding ten
shares of 500 each. In Chicago alone
Ss00,O0O of the stock has been taken. Five
per cent. of the capital has b"ea called in,
and the arrangements for active business
are going on with great raPidity.
To-day was perhaps the dullest in the
general markets since the opening of navi-
cation, and there is scarcely any thing of
interest to note. Flour has onIv n ratail do
mand. Wheat is in moderate request from
interior millers, and prices remain steady.
Corn is quiet and unchanged. Oats are
dull, and prices somewhat unsettled. Rye
continues firm. Barley inactive. In Pro-
visions and Produce there is nothing new to
report. Petroleum is firm. Potatoes are
dull and dropping.