Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1858-05-10
MONEY AND nusIrEsa-

100000
The following is our summary of Money and
Business matters for last week-as shown by
our leading New York Exchanges:
tFrOta the Courier and Euquirerl
Capitalists are at loss for channels for invest
ment Of surplus funds. At present these are
lying idle IN Bank drawing no interest. There
is stronger disposition shown to invest in State
Loans, which may be considered among the
most reliable, If not among the most profitable,
of the securities now offering in the Market
As to other EecuretieS, such as Railroad Shares
and Banks, Coal Company Shares, &c, less re-
lance is placed upon them. Bank Shares Weld
ing per cent, aud Insurance Shares paving
10 to 10 per cont, are at present more in favor.
The Insurance Companies having agreed upon
Tarif Of Premiums, and this Tariff conceded
TO be- u remuuerative one, Capital in this branch
Of business is considered well invested, and
nothing but general cOndagratiSp, such as
that Of 1885 or ls45, could seriously impair In-
surance Stocks.
The demand for Money continues moderate
in proportion to the liberal supply offering on
temporary employment nj low rates. Loans on
demand range 4n6 per cent, and on prime short
paper Sac per cent, with exceptional cases as
low as 4 per cent There is little or nothing
doing in Exchange today for Saturdays mail.
The leading bankers are again firm at 1904 per
cent, for their own drawing. and transient bank
lProm the TrIbunel
The reaction which has been for several days
progressing in the Stock market, appeared to
have reached its point Of resistance this morn
ing, and change in the current enSued before
the day closed. The market has thrown off to
some extent the apathy and SluggiShneSs noticed
during most of last week, and now, though not
vigorously active, seems to have more vitality
and real strength. Ordinarily, this state Of the
market, accompanied by extraordinary monetary
abundance, would fOTeShadow a speculative fe-
yer, stimulating, as it would generally, clique
movements us well as outside ventures in the
field of speculation; but there Is certainly
the usual spirit manifested in such matters at
the Stock Exchange, and the market appears to
receive its impulses from the irregular move
ments of outside parties, assisted occasionally
lay few leading operators at the Board who go
in and out OF stocks on moderate fluctuations
Thus, altho; gh we have an apparently rising
market a general scale, there is lack Of
concentrated force in that direction, and an
absence Of sustained buoyancy and strength
| Independent operations, rather than combined
movements, are the fashion at present, und
every to be "fghting his own
hook" whether for the rise or fall. This is
precisely the difference between the condition of
the Stock market now aud that described after
the crisis had fairly spent itself last Autumn
Then there was a general ami irresistible rush
! in one direction, and one or two powerful
| CuQueS constantly WOTkinS 10 sustain ana SUM
ulatc the market Now, there is diversity Of
opinion, and no understood unity Of action
| The result may be the same, upon the hypothesis
that great spcculaiOns generally follow proluse
abundance of money, but thI approaches to il
are more gradual.
From TIE same
The foreign bill market Is very firm but not
active. The advanced rates demanded by draw
crs, has operated to postpone remittsnces tenn
pOrATiy, and this can the more readily be done,
as in many cases remitters are in advance of
their liabilities, the in the money market
enabling them tn anticipate The supply OF
signatures other than bankers, is not large, but
the banks and bankers are believed to be very
easy of Exchange. The leading drawers are
| firm to day ut log l-2, and the impression is
that 100 LA 100 s will be the rate for Wed
ncslNy's boat The agent OF Rothschild asks
| no. and 6.l2 l2 for Francs
tProm the 'nrnel
Business continues generally very dull, and
capitalists and banks lind the same difficulty in
employing their funds, rs has been before noti-
ced. Call loans are 4u6 per cent, aud some stock
houses are paying oft loans at per cent from
the difficulty OF using the money prOtitably.-
Paper ofleading signatures is freely passed ut 4
no per cent, and occasionally even lower. The
amount offering in the discount houses is very
| light. In produce there is more movement to-
ward the Seahoard, and some resnsCitation Of
business will soon take place from the activity
in breHdStuiIS, DC. What tho country most
wants now is foreign demand for cereals, aud
this. unfortunately, does not appear to be very
near at hand
[RrOr the Independently
DoT Goods MAnEET.-The importatious seem
to decrease week 10y week, and the absence Of
further supplies is having the effect of strength
ening the prices Of all new and desirable styles
of French goods, especially fine black and fancy
dress silk robes. The present month promises
to be good one for jObbers, who are already
selling their new stocks more freely ut good pri-
ces The auction sales are diminishing, but at
private there is nm improved trade both in Brit
. ish and German as well ms French goods.
The business now doing is of an unusually
safe and prudeHt character, limited in extent. ut
limited credits and at fair profits. There is an
absence of competition which is beneticially felt
notwithstanding. The commission houses are
active and the clothing houses are buying a lit
tie more extensively. In the general features Of
! trade there is no change. Old styles aud coarse
priced goods are all in over.stock aud I'M
Saleablc, except Ut great sacrifice, while new
goods and fresh styles are getting scarce aud
buoyant IN price.
Prom the E1prssIl
BooT AND SHOE TRADE.-The Boot and Shoe
trade presents quite lively aspect The de-
Tnnpd 10 ortiv. larpyt. cities