Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1865-02-11

JUST now the markets East are in rather
q stGgnated condition, and the money arti-
Giles of the New York papers are full of all
sorts of theories as to the different effects
of war aud peace on trade, stocks and mon
ey matters generally. The gold market is
uneasy aud unsettled, operators being
completely nonplussed as to the turn things
may take ere long. The failure of the
peace conference gave the tbulls" tenn
porary ascendeucy but for few days only,
and the turn upward of Monday and Tues
day last has been pretty much all lost
again. Financial eyes are strained toward
Grant and Sherman in the hope of catch
ing glimpse of what is going on, and in
order to make out whether the former is
going to hem Lee in by cutting the South
Side road, and whether the latter is going
to take Charleston.
One of the great problems before the
Wall street mind is as to the relative value
of things in case peace comes to US this
Spring. There are those who argue that
business of all kinds will be depressed to
very low point. They reason that the
war stimulus being taken away we will be
left in the condition of the human system
after a tremendous and unnatural excite.
meut and strain upon it, and that it will
be long time before values will 80 adjust
themselves as to enable trade to resume
any degree of animation. The following,
clipped from the New York Post, is a speci-
men of the discussions now going on in
relation to the subject:
The spasmodic movements recently de-
yeloped in the stock market are attributed
10 various circumstances. First, the ease
in money and the cessation of the peace
lumors have given more stability to fuan.
cisI affairs generally. Secondly, the opin-
ion prevails that the most sound and sta.
BILE dividend paying railroad shares have
ben uuduly depressed. For this down.
ward movement several causes are assigned.
With the approaching close of the war. il
has been urged by many that all prices will
60 suddenly down to a specie basis, and that
railroad shares will sell at prices approx.
mating to those of 1860. Moreover the
net earnings of the roads are less ADEQUATE
to pay dividends, as the expenses Of ope-
ration are very much enhanced. These
gloomy views of the future prospects of
our railroads are not, however, universally
held. There are persons who urge that, as
the termination of the war will open to
our industry and commerce once more the
impoverished but fertile Sonth, a stimulus
will be given to our internal trade, and a
million of men being at once set free from
unproductive pursuits, there will be an
increase of business rather than falling
of, and the transition from war to peace
may thus be made with few if any, of
those severe financial conVulsions which,
in other countries less happily circum.
stanced, and possessed of lower recupera-
tive powers. have often attended the close
of vast military struggle, and the return
of Industry and capital to their old and
peaceful channels. The latter of these
opinions seems to be gradually gaining
power in Wall street, and the conse quence
10 that the pant which has so long ragged
IN the stock market, has been succeeded by
s'endy and intermittent, though not very
lively, upward movement in prices.