Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1862-06-26
RlnnnclnI 4nffnra.

FInaneiai Matters.
The New York Posi Of last night has
Tue following concerning the disturbance
in financial natter noted 81 us Yesterday
morning:
The leadmR topic Of Wall street to-day
Is the further sudden advance 10 gold. the
price touching 1888, rise of 9 ptF cent.
since yesterday morning. This has pros
dueed great excitement among the foreign
bankers, anu rates. of exchsgge ARE very
irregular anduhsettled. $
The jump 10 gold to-day L. due almost.
entirely 70 the adviees from Washington
relative to the legislation of Congress on
the finances. There seems to De little
doubt but what ths Treasury note bill viii
pass as desired by Mr. Chase, and in the
uncertainties of the future which it opens
up the public very naturally look about ior
a little OF tue sfreal article" Aud we ven.
ture to say that the early advocates Of an
indiscripi1ate issue Of paper currency are
among the drst To scramble for gold, and
are not tempted to sell by the present high
rates. AS much as l0s3 was paid, closing
at 1OsA@lOss.
The foreign exchange drawers we're Of.
fertpg to sell frst.class sterling early in the
day at l1s4, but as soon as the price OF gold
was announced fsom the Board Of Brokers
the rate of London was advanced to l1e4
! i(9ll94 at which most of the business has
been done. Tie iFregulatity in prices,
however, checks, transactions, and remit
teEs who can Raitttll next steamer decline
4 to bny, ma
The rate for francs, by this steamer, is
4,To@4,T33. Good commercial bills have
been sold az the latter rate. The mail for
the Boston steamer closes at 81 o'clock this
afternoon.
The stock market is very strong and ac-
tive, owing TO the rise in gold, and all Sc.
Ourities of the list are 10 per cent. high
4 er. Tho decliDs of yesterday is more than
recovered. and some descriptions have
tehched higher pOiats than ever before
the market is little fsyerish at the close,
on rnmors of battle before Richmond, but
prices are without special change.
Tho COMMERCIAL 1dSesttser of last even
ing has the following remarks on the same
subject; q
The feature this morning has been the
excitement in the specie market, arising
from the report in the morning papers oil
the passage OF the bill authorizing the is.
sue OF an additional one hundred and fifty
! millions Of demand notea, two.thirds o.
which may be in denominations under Eve
dollars. The opening price at the board
was 1869. l higher than yesterday, from
, whence it wentupto lOS3 the sales sum.
ming up fiIty-stx thousand dollars. Out.
side there was a very large business doing
and considerable excitement. The highes
sale that we know of was at lO8F, and
there were heavy transactions at 1857, and
a sale as highcas high as 1901 reported o.
twenty dollar pieces; bnt we could not au.
thenticate it. Since the board the market
: has s6ftened down in tone, and ut the pre-,
:. sent writing 1911 issbtd aud 1885 asked
The old issue Of demand notes stand a
llO4@104s.
AS n consequence Of the advance IN gold
, the market for foreign exchange becam,
) quite feverish, and quotations afford bu
little guide to the aspect of the market
We heard of some sales on London at 49,
hallsR. but it would be difficult to purchase
: at thatprice at noon, and thenominal pri
T ces were l19al2O, city drawers seeming
I Unwilling to name price at all.