The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-12-13
rItorthegtoeI[ 1Tor1-..

NEW YORK, Dec. 1.-THE eommers
ciHl's money article the follow
ing: ~,
During the present week the sub
treasury will pay out a considerable
amount of currency interest Upon the
second issue of seven-thirty notes. At
the same time the issues of bank cur
rency continues to augment at the rate
of about 100000 per week, and so
long as any portion of the $50, 200, 900
authorized remains unused, there can
be no scarcity of currency beyond a
few days. The real cause Of apprehen-
sions to borrowers is not on the PROS
ipect1Ye scarcity Of money, but in the
prevailing indisposition to lend II,
though there is no anticipation of a
panic, yet that is regarded as a contin-
gency which may be realized any day,
and may draw upon the currency, as for
Instance, the failure of the Chicago
grain spectators excites apprehensions
and increases the timiditv of lenders
The prevailing Discrimination to dis
count commercial paper must have the
effect producing q reaction at the re-
ton of business; nor is there any
ground for anticipating; relief from such
a condition of things SO long
as the country Is satisfied
with an unstable currency. The assur-
ances of the government that we shall
have the earliest possible return to a
sound basis, only aggravates the stag
nation of capital for the proposed meas
ures for gaining that end, excites more
fears than they allay. To-day there is IN
ample supply of money on call loans Mt
z per cent. This is somewhat remarka.
bic, considering that the Treasury is
still Withdrawing large amounts of cur
rency from circulation by selling gold,
anGthRt the banks are RENTING cur
rency west, and the circumstance can
only be accounted for upon the obvious
fact, that while large amount of bank
discounts are now maturing, there is
very little discounting at present being
transacted. Prime bills range at 7a9 per
cent, only very select names going at
the lower rate. A class of names Ordi-
narily considered good are passing at
1Oal5 per cent. .E,r-.l5g.s $50
Business at the stock exchange is iup--
on the whole duh. The chief transHc-
lions were in Reading. The discovery
that the company has declared a
dividend of 10 per cent cash, and not of
10 per cent cash and per cent stock, as
sales and decline of so from the clos
ing prices of yesterday. Shorts rang
ing from ten to sixty days arc being
put out freely. Governments are
active and again q fraction higher. The
recent decline has produced a steady
ueI1hnu IIOLn nnanclhl INSTITUTIONS and
individuals for investment. The gold
market exhibits remarkable firmness
under the large sales OF the Assistant
Treasurer. The Sub-T,reasury gold
broker was selling this morning. Yes
terday's sales were estimated mt from
81 800, 600 to $4,000 900. The total amount
sold by the government since last
"Wednesday morning, is supposed to be
near IS, O00, 900, by far the most import
ant huctutation OF supply, within such
payment, and yet the premium stands
stubbornly at about las. Nor is it boil
stored up by any speculative operations.
This extraordinary tirmness produces
an expectation of an advance in the.
premium when government has con-
CIuded its heavy operations. During
the morning the price ranged from
l447s to l45i closed ut 145.