The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1865-06-27
AIONEY AND RTSINESsi.

MONEY AND RUSINESS,
Money is still very plenty and easy
at New York, favorite borrowers being
able to find accommodation Mt and AZ
iper cent. The recent fluctuations in the
gold market have rather tended 10 in
crease the ease of the money market,
by delaying the business arrangements
and permanent Investments until the
gold market and all things depending
upon it arc more settled than at present.
The late financial news from England
was more favorable in regard TO Amer
I lean securities abroad, 5-2Os being quo
ted at G7 Mt London, and being in con-
siderable demand for both the Dutch
land German bankers. One of the last
steamers brought orders for $500, 900 to
be bought in New York and shipped to
London. In the capitals and CONNER
ci"l ccnters of governments which have
all along opposed us in our war, and
who very unwillingly and haltingly
admit that we have been successful, the
appreciation in the price of our bonds,
even under the success we have gained,
will naturally be slow. But we be-
licve that their tendency will now be
upward, and that they will he in fair
/ foreign demand. It is II temporary ad-
vantage to sell bonds OH foreign ac-
count, asit lessons the export of coin
and tcndstO lower prices i'll the gold
market, but we prefer to have our
bonds kept at home and to have our
own people get the benefit of the invest
ment. Our own people have taken
all the government loans and they are
able and willing to keep them, and it
is really more benefit to the foreign
4 capitalists to buy them ut the prices
they do than for us to sell them. THE
sale of bonds and the shipment of some
cotton abroad will lessen for the present
the export of specie, but will not be
+ able to diminish it very much perman-
emily. There are now at least 500 New
York merchants in Europe buying
goods, and other cities are correspond
ingly represented, and the bills for their
purchases will have TO be settled in
July and August. When gold dropped
to $50 and lower there was a grand hegi-
ra of American merchants to Europe.
The low price of gold encouraged them,
+: and sthen they wanted to make their
5 purchases and get them home before
1 Congress meets and revises the tariff
e system, as the next revision is not like
! ly to be such as will encourage extern
i sivc importations. And indeed there
!, must be some protective legislation or
c England will get all our manufnctur-
: ing away from us. With no export
duty on cotton, with the prices for labor
: that rule i'll English manufacturing
g districts and the present tariff du-
n ties on cotton manufactures the Eng
: lish mill owners can buy cotton at
;, the South and cotton cloth on our
u shores cheaper than our own manufac-
: turers can buy cotton and get it into
!, marketable shape. This will be looked
!, to when Congress meets, and in antici-
$ patton of general advance of duties
= oiupun all dry goods, cottons, woolens
: and silks, the inlportations of the next
few months will be large and will deter
e mine the price of gold From 100 to
: $50, and perhaps higher, is likely to be
the gold range until the balance of
trade settles down in our favor, and it
will by-and-by. I.
4 The stock market ut New York is
; very quiet and shows few fluctuations.
J The seven-thirties are quickened up a
i little. The printers and engravers arc
!, now up even with the orders for bonds,
a and there will be hereafter no delay in
y Ntilling the orders from subscribers.
$ Not quite sl4O,OOO,OOO of the last series
. of seven-thirties remain unsubscribed
for. The comptroller of the currency
has concluded his apportionment OF
national bank currency to the several
States according to population and
banking capital, and most of the New
!. England States and Pennsylvania have
: already got more than their share. But
!. thatwin be remedied i'll little time 10y
i n system of redemption about to he
+ adopted. 1t is thought Mt Washington
that 3OO,OOO,OOO of national banking
capital is too small for the business OF
the whole country, and whether or moi
to increase it will be one of the ques-
y tons the next Congress will have to
{. settle.
ie THE ESCAPE OF BRECKINRIDGE.
81 Correspondence from Havana gives
: the details of the escape of ]. c. Breclz-
$ inridge and his companions to Cuba
3 Ihe persons accompanying him are
= Colonel Wilson, cx-aide to jeff. Davis;
Taylor Wood, ex-commander of the
o Tallahassee; Corporal Russell. two prf-
Nate soldiers and u faithful negro sCrv-
AM, VINO VINO refused to abandon his master