Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-05-24
Prom the N. Z. shipping List.
Einnnrn aud Trnh.

Financial and commercial affairs remain
10 the same anomalous condition as pre-
Vi0uSly noticed, and nearly all operations
OF magnitade are held in sbeyance by the
military operations Of the Government
The battle6elds Of Virginia and Georgia
engross public attention to the exclusion
of nearly everything else, and business
men do not seem inclined to enter into
new obligations, &C., until something de-
Unite shall have been determined with re-.
gard to the results Of the Spring campaign.
There is no evidence of anything like dis
trust in the public mind but while the
Army Of the Potomac continues to be cor.
tronted By large and powerful army,
disposed to contest its advance upon Rich
mo1d5 the Issue! must- be- somewhat un.
certain, aud while the uncertainty remains,
all operations pertaining to finance and
trade must be held iq abeyance. There is
a superabundance of funds seeking invest
ment, and the prevailing rates are very
low; yet in view of the existing CONNER.
cial qutetude there Is very little employ.
ment for it. There is very marked diff
ference in the state of the money market
here andiin England. The latest advices
from the other side'report further rise in
the rate otinterest by the Bank ofEaeland
to per cent.-an advance of 2 per cent.
in about four days. The movement oc-
casioned good deal Of surprise and some
excitement, as the immediate cause of It
was not apparent in the Bank statement;
but, as usual, there was little disposition
to question the wisdom of the course pur-
sued by the Directors.
In answer to letter of inquiry in refer
ence to the kind of currency with which
the hve.twenty years six per cent. and
three years seyen-thirty per cent. notes are
to be redeemed, Secretary Chase states
that It has been the constant usage OF the
department to redeem all coupon and regis.
tered bonds forming part of the funded or
permanent debt of the United States in
coin, and this usage has not been departed
from during his administration Of its affairs,
All Treasury notes and other obligations
forming part of the temporary loans are
payable, and will be redeemed in lawful
money. that is to say in United States
notes. until after the resumption of specie
payments, when they also will doubtless
be redeemed In coin, or equivalent notes;
the five:twenty skies being payable twenty
years from date, though redeemable after
i've years, and considered as belonging to
the funded or permanent debt And so
also are the twenty years SKIES into which
the three years seven.thirty notes are con-
vertible. These bonds, therefore, accord
ing to the usage of the Government, are
payable in coin. The three years seven.
thirty Treasury notes are part of the tenn
porary loan, and will be paid in United
States notes, unless holders prefer CONVEX
sion to payment.
The movement in the general markets
since our last has been restricted to the
immediate wants of the trade, and pend
ing the great military events which are
belieyedito be imminent In Virginia and
Georgia, prices continue to be, for the
most part, unsettled aud nominal. Bread
Stufs and agricultural products have been
more active, however, and prices have Inn
| proved, as the result of advanced rates of
Gold and reduced supplies. consequent up
on the late break in the Canal. The move.
ment In Wheat for export has been large
l-the sales on the spot aud to arrive With.
in few days exceeding half q million
bushels. The current prices of Flour and
Exchange do not favor profitable shipments
of the former, but with improving market
abroad, an increased movement is looked
for at an early day. Prices of Pork have
fuctuated Tiolently, and close considerably
above those ruling at the date of our last.
The movement in this article has been
largely speculative for some time past, and
as late heavy contracts at high figures will
soon begin 70 mature, strong efforts are
naturally making by the purchasers to sus.
tain the market 1s'
Gold has advanced considerably. On
Wednesday the market was excited, aud
there were sales at 1914 per cent, about 6
per cent. above the closing price Of Tues
day, but the excitement subsequently, sub.
sided, and lhe price has varied from 1901
to 1s3.