Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1858-08-25
review of .he STATE ofTralo

review of the STATE erTralo
HONEY AND BUSINESS IN THE EAsT-coTToN, BREAD
TUFTS AND DRY GOODS.
From the N. 7. Herald of yesteday.l
The week, inmerchantile circles, has been rath-
or more active than usual. The towns full Of
Western and Southern Mercants, and notwith-
Standing the obstacles thrown in the way of trade
by the uncertainty of the country buyers posi-
ton, and the tirnidity of both parties, there has
been more donein the way of actual business than
there has been for some weeks back. Breadstuffs
have been active, with an improving tendency
towards the close of the week. Cotton rose
under the stimulus of the Arnbia's news, tele-
graphed from st. Johns Hides and some kinds
of provisions have been more active than usual,
with transactions at better prices. Sugar has
maintained itself at the advance realized some
days since. Some varieties of dry goods, espc-
cially domestic manufactures, have been freely
dealt in during the week, and we have the news
from Europe that the American orders for Ger
man and French goods are larger than was ex-
pected. The dry goods men, however, reportan
irregular trade; and with evidences before US of
a crop at least one-fourth short of that of last
year, and considerably lower prices for our sta
pies than we got twelve months ago, nothing
else could be expected. At this season we
ought to be doing n very much larger business
than we are. The further the season advances,
however, the more apparent does it become that
no recovery worth calling such will take place
this year.
IMPORTS AND ExPoRTs-RATEs OF MONEY, &C.
tFrom the N. Y. Times of Yesterday.
The Foreign Trade at the port of New York
for the past week opened less brisk than the
previous fortnightin the Import entries, but
several heavy and valuable steamship cargoes
coming in at the close, the Customs ran up to
| 1851, 227. TIE total entries including the Dry
III 10 faOl In in Inc N
925,SSO, as against $4,457, 800 the correspond
ing week last season. The clearances of Do
nestle Produce and Miscellaneous Goods for the
week were $96S, 10, as against $685., 5l2 the
corresponding week last season. The Export of
Specie is 1884, 81 as against So, $50, 600 the
same week in August last year, and which inn
mediately preceded the beginning of the crisis,
the first great shock to financial confidence
being given on Monday, oath August During
the week past additional transfers were made
from Bank to the Sub-Treasury on account of
the New Loan of the United States, to the amount
| OF $l,22s 400, making the payments OF the
fortnight on this account $s,996, 252. The
balances in the Government Office, in this
City on Saturday afternoon, stood S13,-
1896 Cafter the transfer of 100000 bv
express to Washington Gity,) as against $12,-
886,8l6 at the close of the previous week. The
Bank average on the last statement stood $751;
| l50,473, the average being falling one. And
Wv NSS9tAA
ments of the week show difference against the
Banks of $1,997604, the calculation on the
street is that the average to be made up this
afternoon will fall below twenty. eight millions
dollars, with California remittance due from
California in the course of the present week.
The less unequal division of the stock of Bull
lion held in the City between the Banks and
the Sub-Treasury than has heretofore for several
months been the case, appears to have but little
influence on the price of Money in the market
So far as the Banks are concerned, the move
ment has been one of exchange on the part of
their large stock of gold, which must soon
return in the course of tho disbursements
by the Government for Public Stock,
and which, while they hold it, pays an
interest of IA per cent; and in this view
the operation is a highly desirable one, in
SO dull season as the present, to their loan
column. 1t is also believed by many of the
Bank officers ofthe Street that 1T will be the
means of increasing the value ofAIoney employ
ed in their ordinary discounts, though owing to
the dizziness of demand from the Brokers since
the New stock has been placed, the expected
advance has not yet been realized beyond TAI
per cent per annum on mercantile paper, while
negotiations at call continue at about per cent
per annum. The gradual Improvement in the
Importing and Jobbing trade continues, but
larger portion than usual of the business is said
to be doing for ready money. Some of the new
banking creditsin London granted to the South
American and India trade last Winter and
Spring are now falling due, and are met with
general promptnesS. A considerable share of
the European Goods now being entered, has
been paid for in advance.