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202<br />
CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC 31, 1856<br />
Abstracts 1878 - 1889<br />
MONEY (Cont'd)<br />
1878 - L May 20:3/4 - The past week has been one of unusual quietude<br />
in financial circles, yet the amount of money changing hands was larger<br />
than during any previous week of the season. (2)<br />
1879 - L June 3:3/3 • The supply of currency for circulation is ample. (2)<br />
1880 - L June 10: 3/4 - Money is comparatively easy. We hear of no<br />
theme in monetary circles worthy of note. (I)<br />
1881 - L July 22:3/4 - Bankers report business as dull. There is an<br />
active demand for currency, but the circulation is not very satisfactory,<br />
and, under such circumstance, expanSiGllS are not to be expected. {l)<br />
1882 - L July 28: 3/4 - Money matters are quiet, with no stringency<br />
nor any great overplus of currency. (1)<br />
1883 - L Aug. 5:3/4 - Business is dull in the city. Jobbers are doing<br />
nothing, thus making money tighter than heretofore. (1)<br />
1884 - L Aug. 12:3/4 - Our money market continues dull. (1)<br />
1885 - L Aug. 19: 3/4 - The money market is reported stringent, though<br />
the offerings of first class produce and business paper are taken at<br />
previous rates. A gradual easing up in money matters may be expected<br />
soon. (1)<br />
1886 - L Nov. 11:3/3 - There is an active demand for currency which<br />
prevails to meet outstanding liabilities, but at present the movement<br />
in produce is slight, and the banks are discounting but little. (2)<br />
1887 - L Nov. 18: 3/3 - The stringency in the money market noticed for<br />
the past month will result in no very serious pressure, and already<br />
there is a better feeling in financial circles.<br />
The cause of the money market has resulted in a sl ight easing up,<br />
nevertheless full previous rates are demanded. Second class is rejected<br />
entirely. (3)<br />
1888 - L Nov. 25: 3/3 - The banks here are in a heal thy condi tion. A<br />
wise and prudent policy keeps expansions in check, which policy is not<br />
the one most likely to please second-class borrowers. (2)<br />
1889 - L Dec. 2: 3/3 - First class commercial paper is readi ly taken,<br />
and the banks are discounting quite as liberally as previously. The<br />
general belief in monied circles is that the market will remain cumparatively<br />
easy throughout the winter, as bar:ks here are in a sound<br />
and healthy condition and steadi ly gaining strength. (1)
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