Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-02-22
Financial.
NEW YoRK, February q.
The Commercial saws :

49, &S- "
The Commercial says:
The late large sales OF gold by the Sub Treasury
continues to affect thy money market sharply
Some Of the banks fnd themselves pinehed by the
heavy checks drawn in payment for purchased
gold, and their lUanable resources are correspond
indy e~urtailed. The report that some banks had
requested the Assistant Treasured to waive the ten
days notice upon their certificates Of deposits, Mr..
Tan Iyek shows every disposition TO meet the
case. The funds in the Sub Treasury are ample.
and would, we doubt not, be found available should
the emergency require it.
This morning the inquiry for call loans has been
quite active, aud : per cent. has been paid freely
on stock coll erals. There is, however, no dis
position to disturb 8 per cent, the present furry
being regarded as only temporary. The withdraw
ais Of currency from the sub Treasury on account
OF the T-30 interest, due on the LIST inst, have been
merely nominal-the total up to the present time
being only about one million dollars. The National
banks have received large amounts Of coupons, for
which, however, they have received no currency
returns, from Washington, calculated TO afford
them ease under the present pressure
The stringency in money has checked the buoy
aney IN the stock market. At the morning Board
some considerable sales were made to realize. The
mtrket was on an average I per cent. lower. After
the Board there was q batter feeling and q partial
recovery in prices. Cleveland and Pittsburgh was
sold largely and declined ~ New York Central
u.
Governments are depressed in sympathy with
the pinch in the money market. Tn last issues of
5-20's were As lower, and 1905 have declined =.
1noAG IL u U-LAtl CLASS VI RhHtE appearing ~ U
fair inquiry at 1917 per cent. for prime names ;
s@9 per cent for good and lOulS per cent for the
lower grades. The decrease in the supply Of paper
indicates u contraction Of credit in mercantile cir
cles.
Foreign exchange Is nominal, as usual on the
sailing day Of steamers. Leading bankers quote
60 days sterling at 1rSA-
Gold is IN fair demand for custom duties, and tbs
price is steady at 1875. There is no pressure t.
sell; Sper cent. is paid for CARRYING gold.
New York Market-Feb. Fl.
OorroN-Less active, but prices rule hrmer. Sales
FLoUR-Infsrior grades ara dull and 59lOC
lower, while medium aud good grades are without
decided change.
sales at s7,250s7.75 for extra state; ss.I5@
$50 for common 10 good shipping brands extra
round hoop Ohio; Ss,659I0,75 for trade brands.
Market closing dull.
wmsKY-Firmcr Western held at 90, 22@2,25
WHEAT-Dull and dropping. sales Of No. Mil
waukee at Sl,5d.
BARLEY MALr-Dul.
CORN-Without decided change.
Sales at 7IF74c for unsOund, T561T for sound
mixed western in store and delivered.
ATs-Rather quiet.
Sales at 3S5ic for sound western.
W~uOL-Dull.
Sales at 2s@Soc for crude, and 4595Oc for re-
fined in bond.
PORK-Heavy and lower.
Sales at 2S,l2%a2s 5hH for new mess, closing
at S2s,2 PSI for reg; SIS, 25@2S 50 for old do SO Sc
@20,76 Tor prime, and 81, rs for prime
mess. Also, 400 bbls new mess for March
Aprils and May sellers and buyers option al
S2S,25@29,00.
BEEF-stcady. Sales at s1s,Oo92O,OO new plair
mess, $50 sO92i,O 90 for new extra mess.
BEEF HAIs-QHirt.
Cur M~EATs-Firm. Sales at IlHgl8c fol
shoulders; I61&9ls1ze for hams.
BACoS-Dull. Sales at l5Lc for Cumberland
cut; lGHdIGLc for sho-t ribbed.
DRESSED HOss-Firm. Sales at l21z9lZEc fol
western, and l31z9I4c for city.
LARD-stesdy sales at l69lSIe. Also 2G
bbls for March, at lee.
BurrEH-Q Quiet and steady. Sales at 22935o foI
Oh o and 325tijc for state.
CaEEsE-Firm. Sales at 14@7Ec.