, 1865-02-18

deFe Inc MArkee IQE 1o1Q was extremely uat-
opening on the street at so3, advancing to 2o4 and
closing at 20sf. The speculation on the Stock
Board Is unusually Itght-thfs gfsdual sinking Of
the market having more depressing effect than
it it fell 10 per cent each day. and kept nuctuating.
Government Bonds are scarcely a. buoyant as
yesterday, but there is considerable activity.
Ffye-Twentles were firm at l10f buying. and 1111
I'LL selling. Ten-Fortics were firm at IQ23 1a2t
buying and 1oeA @102 ael]iug. In New York, un-
der the steamers news, sos declined per cent
Cook County Scrip was In active speculative de.
nnn9 and the market has a strong upward ten
densy. A few days since some speculators, who
expected to buy in few days at 7o75, sold large
II "short'' at 8uDe2, and now that they find 1t ID
being eagerly taken By heavy cspltalsts, they are
alarmed, and nlitng In their "shorts'' at $50
81. To-day, on the Stock Exchange, 1t opened at
B29t23. bnt advanced IN the afternoon to 81, and
closed nrm at 81,
The Legislature OF West Virginia has present
ed resolutions asking Congress to amend the Na-
uoua1 Bank Law so rs to allow State B1nks having
branekss to become national banking ASSOCIATIONS.
and keep Offices Of discount aud deposit at the
several places where auch branches are now Local
ted. The matter ras been referred to the Com.
mittec Of Ways and Means Of the House Of Rep
rcscntauyes.
Yesterday NC ycntuzcd to warn our readers
soaa1 examination Of the claims set forth, where
upon We are favored With the following:
CHICAGO, Feb. II, 1866.
In yot Financial article Of to-days, 18th, you
refer 10 Of! exeitements. and state In yopr article
GONE figures which think need correction in re-
gard TO the yield Of oil. You say there arc not
over st0 wells .that flow OIL. Granted You aze
aeeoant sos IT the ' pa@pns % VIII ~es. One o. tract q 20
acres on I'll Creek has al6ne 10 wells that nc
pumping wells, yielding gnayesaee Of twenty bar
e esstsnce t q that hink vii
vonehed for By relable statts1cs. 4 carefully pre-
Il III ts oil Gasia ~e
aaaily average Of 6665 barEcs Of oi! on oii Creek
alone, exclusive OF the Funs branching from It;
also excluding the Allegheny River aud tss tribu-
taries. Since then the Coguert Well, on Cherry
hs sF9sk nd sds, @ Dar1e a Ps
Creek, and by the best informed parties the estt-
mate il 10 000 brrcls PCT dr., and present pslee
st Ts s,aGna e. so@ r. day g,sn or f. +
deny shat no oil is produced IN Western Virginia.
What the amount Ia cannot estimate, but the
receipts at Pittsburg foE That district al9ne are
ALI these tracts in addition to hbove for which
Europe alone foz last year. 5000 600 gallons OF
10000 This city alone consumed for itself and
western trade, 6ooca barrels Of refined oil during
the twelve months ending December, 1854, being
gsllon, ne4rlY r oG9 eoo. What amount
matc has yet been formed. It stands
third In 1ank on internal revenue. argue with
you thatthere arc large number Of fcoapaNles who
are and Will be started that are b0gu., md those
who invest euou1d use great care and Judgment,
aud the writer OF this article does not OWL one
dollar Of stock In any way OF auy company, but =
des1ro to do Justice to one OF tho ere7test dscoy-
cites Of the age and one that contributes 30 in.
mensely to our. revenue and prosperity should
have At least fair show. 3UB11oE.1
Notwithstanding al that "1ustlce "says about
the abundance Of oil in and about son Greek, -
VIC sh1l give It the opinion Of soue Of the most
Intelligent men In the New York and Philadelphia
Stock Boards, that about two thirds Of the COM
pauiea nov in The de1d selling stock " are bo-
gut," 90 far a. their prctenstous to being toll
companies are concerned, and capitalists cannot
be too eaut'oas in believing al that 's said and
printed concerning them.