The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-08-08
FINANCIAL RESUME.

Important and Interesting CONNER.
eIhI and Financial Information for
: Ihe People.
From tho monthly circular Of Birch,
Murray and Co., New York. dated
August l, we make the following cx-
tracts:
There has been an increased activity
; in the circulation of money, resulting
/, in an increase Of rate FROM a1z I" : per
cent. How long this will continue is
uncertain, but may bc more or less APP
) purcntuntil the lIrgc Treasury balances
i, in the National Banks are drawn out
and disbmrscd. and in regular course of
trade returned to this centre.
: The long q per cents, gold bearing,
/, of 1881, hive advanced about one IIer
cent. during The present month, or
about u OF one per cent. over the
= monthly accumulation of interest. The
total issue is S2s2, go, $50, .nclrly the
whole of whicliis held i'll thIH country.
This loan cannot be paid OIL, except by
purchase at the market price, until after
the year 1881; and in consequence il in
active demand by Banks and investors
ON permanent account.
The original o per cents. 5-2O's of 1882,
rcdcemnble after the year 1867, should
| the government he able to command
the loan OF gold TO do so, at IL less rate,
hnvc advanced near three per cent. The
issue is $5l4, 7sO, 800. The second issue,
strange to say, remain near two per
cent. lower, when III fact they are clear
i ly more valuable. Both issues, 1t is not
| improper to remark, rest upou the good
Gutth and ability of the government to
ray, ana the more pleaBalIL tiIuUry 10
TINT tile public credit will be so far. ro-
stored before 1867 AS TO enable the gov
EernnIent to takeNl up the first
NxIN1
cent. loan. That was the reason
for retaining the five yeurs OPP
ton, and i'll that event the new issue
will carry per cent. two years longer,
and to that extent more valuable than
the old, Sooner or Inter this fact must
: II not in advance of'the old issue. The
amount is about $l0O. 600 900. H
The lO-4OS 8 percent, of 1891, re-
$ dcemable after 1874, have slightly de-
D elined through the month, and now
stand mt about 81, including the accu-
. mulnted gold interest since March. Tho
100000 600.
The 7-30 per cents, currency bonds
With coupons attached, che interest he.
ing exactly two cents n day on eacl
g Sun, have sold as low as 90 and inte
v rest. The two first issues OF. this class
% amount to 5000, 600, and only differ
from the Sd series by carving Z BIZ
interest absolutely for three yenrs,
The third series of 1926, 0OO, 600 has
been subscribed, and upon those the
. government retain the option of DnVinp
II six per cent. coin interest TheV nr5
l. selling at substantially the same price
q and tits probable that future quotations
;, will be the same.
The new Treasury certificates, of in
II IdeDtedneSs, - months dnte. cnrrvinp
r, per cent. in currency, are saleabie nj
=. gIsS, interest to he added to the Drico
But recent discussions in reference II
;, the future of the treasury has INDUCED
d pause, and u further decline may have
d 10 be submitted to. 1t is now npparent
i That the late estimates of the Treasury
on which loans and appropriations
l. were DaSed, Will fall short of the actual
10 wants of the Government at least 25C
II hllIlon, which must be provided III
n some way before the next meeting OF
SSosiiSEesS III December. To meet this
u uclclehcy the Secretary has the re-
e source OF issuing Certificates of Indebt-
It et!eSs' ana either large amount oil
GUMS must stand over or the larger
: class ofcreditorS accept payment in this
e class of securities. This indnca as t ths
;, opinion of a still C,rtbcr iar-So 80. Wv
II and tho future Drice will daTcS11 So,
= the usual Influences Of mn ,,nsr, ~. -
o hard money market u "
el The compound interest ,,roe,,l,.,.1.,
are marketable Mt a premium og -,
q 81 for those of June 10 sic I To,. nj.
q and Au.r1ist nv n stron,,c ,,I,,i " 10y ~
;. hnps .unobseryG,l DrovisiS,i.. ~ d..
It those OF June are made a Ie.,,i to,,d"I,
for all demands. CXcent rustS,,,,. III,
Il i'thnSn,, f CtI,o,- a., a., -, - . " t4S